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Dow Jones futures made a daily-scale top extension yesterday: This comes immediately after the occurrence of ‘divergence’ between two Dow indices pointed out in the last edition. This leads us to the conclusion that US stocks are about to enter a period…

The US$ has been weak all year and the decline in the last three weeks has been steep. We have now seen bottom extensions in the $index and top extensions in the Euro against the $, so the decline should…

We have been watching for clues about the next major market moves, as usual. There have been some positive developments in stocks as reported in the last few editions – bottom extensions in a couple of European national indices and…

We pointed out weekly-scale compressions in US stock indices in the May 22nd edition. Prices subsequently moved higher in one of them (the Russell 2K small cap) but not in the others and there has been no ‘follow-through’. Now we…

We recommended buying corn and wheat in the June 13th edition – marked by the blue arrows. Corn has done little since then except range-trade but wheat has exploded higher on crop worries: This move has been quick and big enough…

The drop in equity markets yesterday took different forms in different parts of the world. It was just a violent ‘churn’ within an existing range in say, the S&P but some European markets had already been falling all month and…

Both WTI and Brent crude futures made bottom extensions yesterday. Cover all shorts that you may still have from the May 19th edition and reverse into longs: Obviously this means that all related energy contracts will probably also rally, excluding Nat…

Two new signals to report. The Dow has outpaced other US indices in the most recent ‘leg’ up and it has now just produced top extension signals at a daily scale in the cash index (not shown) and the futures.…

Gold made a daily-scale top extension early last week as reported in the June 7th edition. This was a chance to sell short if you are an aggressive trader but (as usual) we pointed out that top extensions do not…

We wrote in the May 25th edition that there was some odd divergence in China and a top extension but we made no trade suggestion. There has now been a weekly-scale top extension in Hong Kong and another daily-scale top…