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There have been yet more compressions in US equity indices, as shown in this Dow industrials example: As usual, this means: Prices are balanced on a knife-edge and A new move will start soon but the direction is unknown We…

We have been reporting some compressions in various US equity indices lately and these seem to be breaking down today as we approach the close. Here is the Dow emini futures contract as an example. Sell short now, preferably S&P…

There was a daily-scale top extension in the Dow version of the French stock index yesterday: This makes us feel a bit better about selling some more Europe short. The arguments made in the January 26 edition (yesterday) about the…

Copper futures made two weekly-scale bottom extensions recently and daily-scale versions too at the lows of mid-January. Now that the lows have been re-tested, it is time to try a long position: * We have been waiting years for an…

There was a daily-scale top extension in US sugar futures yesterday. This is the first signal in that market since the bottom extension reported in the January 5th edition and means that all longs dating from that date should now…

There was a top extension in the MDax index yesterday. Prices of many European indices have risen in the past two weeks in expectation of some new monetary stimulus that may be announced by the European central bank tomorrow. Some…

Wheat futures made a daily-scale bottom extension yesterday, which is the first since this ‘down-leg’ began with a top extension in December. We have no outstanding short recommendations in this market and would now buy to go long. Bottom extensions…

Copper futures made a daily-scale bottom extension yesterday, after an accelerating drop for the last few days. This drop continues today with a further 20 cents fall (to the mid-night low point) and no doubt we will see another extension…

There were compressions in Dax and Eurostoxx yesterday. So far today these are both breaking upward: This opens the door to further strength in stocks generally, but particularly in the N European markets that would most benefit from the widely…

The 30-year futures contract made a daily-scale top extension yesterday, which is the latest in a long series of these jagged peaks. More importantly, the yields of both 30 and 10-year treasuries also extended – making bottoms not tops, as…