The copper market has moved up from a trading range just above $2 to a wider range either side of $2.50. The initial move up was quick and produced top extensions all the way from around $2.40 to the high…
We have reported signals that show an imminent end or pause in the trends of US equities, US and European bonds, most $ currency pairs and gold. The signals have all been extensions – tops in the case of equities,…
There have been daily-scale compressions in corn and wheat over the last couple of days and corn has now pushed up. This has probably started a new uptrend, because of that new signal and because of a prior one – there…
There were top extensions in US equities yesterday and bottom extensions in Bunds and Gold. There were also continued bottom extensions in other European and US government bonds. Today is quite a big turn day, so it looks as though…
The bottom extensions that we reported in US T-bonds and notes last week have continued to occur as prices drop and have now been joined by the first such signals from Europe. So far we have seen bottom extensions only…
Mr Trump’s victory produced sharp weakness in the dollar and in stocks worldwide that was short-lived. Those markets have recovered all their losses and more and have now move far enough in the opposite direction to start producing extensions. Let’s…
The spasm in US equities after the FBI’s weekend announcement that they had no further interest in the email travails of Mrs Clinton has brought prices back up toward the point from which they fell in late October. There are…
Swiss and Belgian equity indices made bottom extensions yesterday, after falling quite hard for almost two weeks. These minor markets have often provided signals that give early warnings of a change in conditions and they are sometimes all we get…
The main energy futures contracts have been range-trading, as we wrote in the July 1st edition and the various lurches up and down have been marked by occasional compressions. The most recent drop started with compressions in crude and heating oil…
Yesterday the FTSE fell down through the compressions reported last week and that means you should now be short: US indices have also moved down below compressions lately, the most recent of which was in the Nasdaq 100 two days ago:…