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There was a bottom extension yesterday in a Belgian equity index that we follow. This unremarkable index has produced early warnings of the end of trends numerous times in the last twenty years, sometimes providing the only signal that we get.…

Coffee prices have been falling for years, but this banal observation conceals a more interesting point. Coffee is typical of those agricultural commodities that ‘bump along the bottom’ in a jagged pattern which has a fairly flat base and peaks of various…

We wrote in the August 1 edition that US equity markets had re-compressed at a daily scale, showing the Value Line and S&P 400 Midcap as examples. We said then that ‘an upward move is quite possible, which could ……

Wheat prices have dropped about 80 cents a bushel since the ‘spike high’ in early August made when there was some confusion about whether or not Ukraine would export the expected amount. Just prior to that we wrote in the…

Government bond markets have been mostly range-bound for the last few weeks, even longer in the US. The longer-term picture has been dominated by the gradual shift in monetary policy in the US and UK from ultra loose to gradually tighter…

The extensions reported in the £ against the yen and swiss franc in the August 9th edition have now been joined by a similar signal in Cable – see first chart below. We would now buy the £. The Euro…

The sorry saga of Britain’s extrication from the EU is producing enough grief that the currency is at multi-month lows. This gloom may be well-founded but may also not be, so it is possible that this one-way slide presents a…

US equity markets are compressing again – mostly some sector indices but the Russell 2000 alos compressed on Friday. Ten year notes just made a new daily-scale compression and crude oil is also compressed. The $ index broke up from its…

There will be a slightly curtailed service for the next 5 business days due to limited internet access here in the Ionian islands. In the meantime there have been more compression signals to report in US equity indices – here…

There have been two top extensions in the last 24 hours – in Brazil and Switzerland: Neither is a major market but we often see clues in these other exchanges that provide early warning of  things to come in the…