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We have been pointing out for some time that US Equity indices are in a compressed condition. Compressions have been coming and going at both weekly and daily scales but we don’t report all of them as this is merely…

There have been extensions in five-year and ten-year US Treasury notes in the last 48 hours. These have been in both yield and price series and here we show one of each. It is likely that the recent ‘leg’ down…

The US equity market rose through the last few days of the year in what has become known as the ‘Santa rally’. The main Nasdaq index then compressed on Tuesday the 4th and dropped sharply yesterday. It has now fallen…

There was a daily-scale bottom extension in a Gold miners index yesterday (1st chart) which is a reason to buy Gold. In fact this is an even better reason to buy Gold than a signal in the metal itself would…

The sharp one-week rally from the lows of early December stalled a bit yesterday and got some technical analysts quite excited by the ‘failure from new highs and there was some talk of ‘key reversals’. We have found such reversals…

There has been a sharp stock market rally that began with ‘spike’ lows in the Nasdaq, Dow & Midcap indices and a ‘double low’ in the S&P, mid-way through last week. We advised covering shorts and buying long on that…

Yesterday’s (Tuesday 30th November ’21) further drop in stock markets took index prices to slight new lows for the move, after a good one-day bounce from the sharp weakness on Friday. This has produced bottom extensions for the first time…

The overnight ‘new Covid variant’ drops in Stock markets and corresponding lurches in other assets have brought prices back to where the most recent moves began, some weeks ago. These moves mostly started with compressions that subsequently ‘broke’ in the…

The various US stock indices that we follow have been diverging again. This has been a feature of the latest market phase – the S&P500, Nasdaq and other indices containing the fashionable ‘engine room’ stocks that have driven the boom…