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We wrote about Coffee in the September 4th edition, pointing out that it had made bottom extensions at every time scale and that the long decline in prices was soon to be over. It did go a little lower after that but has…

The drop in stocks has now produced many bottom extensions, including some in major indices. Cover shorts. There may be more weakness to come in due course but the odds have shifted sharply in favour of an end to the current…

In the last few days, weakness in equity markets has produced some bottom extensions. These are in relatively minor national indices but there are some big sector versions too. Europe first: The 3rd example above is of the German Mdax,…

On Friday, US ten-year notes and thirty-year bonds extended at a daily scale. Here are the yield charts: To put this into context, these yields have been rising since a break upward from weekly-scale compressions in early September (see first…

Brent crude made a daily-scale top extension yesterday. It is the only energy market to have done so in this current rally but it is a leading benchmark so we should pay attention: This has the usual meaning of a…

On Friday, there was a top extension signal in the $/Yen. It is higher again today (so far) meaning that there will undoubtedly be a second signal by the close: This has the usual meaning that we ascribe to extensions…

Hot on the heels of the top extension reported in the Dow in the last edition, there have been some compressions in those parts of the US equity market that haven’t risen lately (which means most of them). The Value…

The recent run-up in US stocks has taken prices up to the high-end of the range that has held since January. There was a top extension at a daily scale on Friday in the Dow, both in cash and futures.…

These two important government bond benchmarks both made bottom extensions yesterday. If you are short of any government bonds, as we have been advising since the August 21st and September 10th editions, cover now. You may wish to start buying…

In the Thursday September 6th edition we wrote that the drop in equities was at or near an end, due to a solitary signal from Belgium . The next day there was a flurry of further bottom extension signals, in more significant…