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Bonds have dropped around the world in the last 24 hours. Prices also ended on a down-note on Friday, so have fallen for two straight sessions and the ten-year US treasury yield has risen from around 2.85% to almost 3%.…

There were two bottom extensions yesterday, in a commodity index that we follow and in gold:   The commodity index signal would not be very significant on its own – this is an ‘equal weight’ index that does not reflect the…

US and European Stocks continue to range-trade. As we have written, this may continue for some considerable time to come and price movement will typically consist of: Moves, both upward and downward that may be sharp. These are mini-trends that…

Copper prices have fallen over 16% since early June and in doing so have pushed down through several weekly-scale compressions. This argues that the decline will probably continue for some weeks longer but there have been daily-scale bottom extensions in the past…

There are some continued divergences in equity markets, by region and sub-region. US first. The ranging behaviour that has kept prices stuck for the last six months continues. For those that think this has to end soon, please look back…

The world has divided into different parts, which must gratify Mr Trump’s handlers. China’s equity market has dropped quite hard and has now provided a bottom extension, as shown in the first chart below. Despite the rhetorical ripostes coming from…

We have been writing since early January that stocks are in a trading range in most parts of the world. As prices near the top end of those ranges, we get signals that conform it is time to get out of…

It is hard to read the mood of the crowd when it is buffeted by serial policy announcements made in the middle of the night by tweet from the White House but we are still able to discern some things…

There were top extensions in both the Value Line indices yesterday, at a daily scale. The difference between the arithmetic and the geometric versions is one of calculation and they look practically identical, so here we only show the latter: We…

We have been saying since early January that stocks would be in a trading range, caught between bullish and bearish factors and unable to resolve this tension. That continues to be the case, although there have been quite big differences…