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Both 30-year and 10-year US treasury bond and note futures compressed within the last 48 hours. The 10-year is breaking up as I write but the 30-year is not (yet). The Bond market is obviously over-valued by historic standards but…

Cocoa prices have been trading in a range all this year and in a slightly wider range for the two prior years. There were some weekly-scale compression signals in June and July that seem to have broken downward, arguing that this…

Nasdaq futures made a top extension yesterday: This is the latest in a series of top extensions in various US equity indices that started about two weeks ago, meaning that the current up-move is still over-stretched. As we have already…

Equity markets have been trading mostly sideways since we reported top extensions in the July 15th edition. We often remind readers that top extensions mark the imminent end of up-moves but not necessarily the beginning of down-moves as there may…

There have been multiple top extensions in US equity indices, including signals from the three major measures – the S&P, Dow and Nasdaq. This last example came two days ago from the popular QQQ instrument: This is a warning that…

The warnings that we have been issuing since the end of the first quarter about a possible bubble in US stocks have suddenly become timely. There was a sharp dip in stocks everywhere after the pesky UK electorate  rejected their superiors’…

The drop in the £ after the UK voted to leave the EU has continued in the subsequent ten days  and so has the rise in the Yen in its odd new status as a ‘flight currency’. These moves are now over-done as…

Wheat futures made a bottom extension on Friday, at a daily scale. Corn futures made the same signal on Thursday as reported in the last edition, which we now see was repeated the next day. The weakness that has led to…

Corn futures have fallen by 18% from the highs made in mid-June and have now made a bottom extension at a daily scale. This is an opportunity to buy some hereabouts. In the bigger picture, corn has been falling for some…

Yesterday’s further drop in US stock markets produced the first bottom extensions we have seen in this current price tumble. Transport, Airlines (not shown) Asset Managers and ‘General Financial’ were the sectors concerned, as shown here: These last two are…