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There have been daily-scale top extensions in the Eurostoxx futures contract in the last few days: As usual, this means that the rally is on shaky ground but not that it will necessarily turn around and drop from here –…

Sugar has been falling in price for a year and a half and is now almost half the price of the 2016 peak. Now we have had weekly and daily-scale bottom extensions that coincided with the end of the decline to…

Australia has been largely insulated from the gyrations of the world economy in the last two decades, which have not brought it a single recession and it is now (by some measures) the second richest country after Switzerland. Despite that, equity…

Today is the largest turn day of April, as a glance at the schedule on the main page will show. As usual, we expect that the market trend into the turn day will define what kind of turn it will be…

There was an extension in the $/Yen exchange rate yesterday. We have been $ bulls for a while here and this is the first sign that the up-move may be due for a pause or reversal. It seems likely that…

The  range-bound, generally compressed conditions in most asset classes that we have reported in recent weeks may be starting to resolve. US stock markets continue to make new compressions but it looks as if bonds, gold and (maybe) the $…

The Greek stock market provided the only bottom extension at the last low point, as we pointed out in the April 4th edition. Now (as of the close on the 19th) it has made a top extension. This is fairly thin…

It is useful to compare the fortunes of the main traded grains in the past decade or so as China has risen as a major consumer, with that of copper. This is a good benchmark for other industrial commodities and a monthly-scale…

Last Friday, the 13th April was a day when we expected a large number of turns in various markets, as a glance at the current turn schedule here will show (it’s still on the front page too).  US and other stock…

The generally compressed market conditions reported in a couple of recent editions continue. A major French index, the German second-tier MDax and a key Korean index have all now compressed or re-compressed at a weekly scale, meaning that markets are…