Author Archives

A Hong Kong Index that we follow has made top extensions for the last two sessions. We also expect the biggest turn of the month today (see the current Alpha Mail) and this combination seems to indicate that the new year enthusiasm for…

Happy New Year to all. The S&P metals and mining ETF has been extending for the last few sessions, as various metals squeeze higher and now the copper price has done the same: It is worth remarking that Copper is…

US stocks have bounced back from the brief dip into Friday’s lows and many indices have pushed to new highs. The evidence points to more ‘churning’ hereabouts as top extensions continue to appear, so we wouldn’t follow this strength. Here…

World stock markets have rallied for the last few days, which seems to confirm the ‘churn’ of which we warned in the December 1st edition. The likelihood is that this will continue for a while longer, meaning that it is still possible to…

Grains have been in a multi-year decline since prices peaked in 2012. The decline is attributed to increased harvests which in turn are due to higher yields, not an increase in planted acreage. Most land that can be reasonably used for…

US stocks rallied early on the expected news that the Senate passed a sweeping tax overhaul, similar to that already approved by the House, including big cuts to the rate of corporation tax. Bulls have pointed to this impending change…

Many US equity indices made top extensions after yesterday’s latest move up to new highs. Here is a selection: There are signs of ‘froth’ everywhere, as widely reported in the news media – the record price paid for a renaissance…

As stocks rally from the bottom extensions that showed up in a few scattered European indices earlier in the month (see November 16th edition) the up-move appears to be gathering speed, in the US at least. We have noted before…

The recent sell-off in stocks that started in Japan a week ago has now produced the first bottom extension signals, in Belgium and Finland: These are both ‘minor’ indices of course but we have often seen early warning from such…

In additional news, Gold is moving up from a recent daily-scale compression as today’s session develops: In today’s earlier newsletter we repeated our bearish view of the US$ and this bullish development in the Gold market reinforces that view – Gold…