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There were top extensions at a daily scale yesterday in the Nasdaq and Dax indices: This is not the first time that the Dax has extended in the present rise – the prior signal is also circled on the chart above…

There have been new compressions at a daily scale in the last 24 hours in some important US stock indices: We reported in the January 10th edition that the main upmove in US stocks was probably over because of the occurrence…

Gold futures made a top extension yesterday. The rally that has taken prices up by almost $100 since mid December will probably stall hereabouts and so you should sell any longs and reverse into a short position. We advised buying…

The pound extended against three other currencies yesterday. it is bouncing today in reaction to the prime minister’s speech on the negotiating posture the UK will take with the EU on Brexit. This bounce will probably continue and we have…

Equity prices have diverged quite a bit. In Europe the UK FTSE has been making new highs as the falling pound makes it more attractive to foreign buyers. China has fallen from a high point in early December and there…

There have been weekly-scale top extensions in some US equity indices for the second week running. The main example is from the Dow, shown here in both cash and futures versions: These signals argue that the present rally will soon stall…

The recent Opec-inspired rally in crude oil and the other energy markets has now produced top extensions in some of the energy and oil-and-gas related equity instruments: These are only at a daily scale for the moment but it does…

The steady flow of top extensions in equity instruments that we have been reporting has turned into a flood. There have been many more sector extensions at a daily scale and we expect more at a weekly scale when today’s session…

Each of these three ”tropical’ commodities has made bottom extensions lately: The cocoa price has been falling from a prior range that held for two and a half years, so a bounce could take it back up to the bottom…

We have been writing that equity markets are vulnerable to a drop, since the November 15th edition.  This view was based on a series of daily-scale top extensions that appeared in US and far-East equity markets after the Trump election victory…