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Friday’s late recommendation to sell short US stock indices came as a result of some daily-scale compressions in US indices breaking downward. This looks like the latest stage in a long-evolving story. The strong and persistent uptrend in US and…

Cocoa has some wild habits and the volatility has picked up lately, possibly because so much of it is grown in West Africa where there is a nasty virus outbreak, as you may have read elsewhere. The latest price move…

There were a lot of bottom extensions in equity indices around the world as the markets fell to the lows of last week, as reported. The most recent of those came on Wednesday the 1st October, as shown in the…

Here is the schedule of likely turn dates from now until the last week of November. It is more densely-packed than the last schedule, reflecting the greater number of turns. The main highlights are: There are a lot of  turns…

Yesterday’s early drop in stock markets produced a lot of bottom extensions in various markets around the world, including some major ones. The list now includes UK, US and Korea – all shown below – and also Austria, Mexico, Brazil,…

The behaviour of equity markets around the world has been quite divergent lately. There were bottom extensions in Canada, Australia and Hong Kong as already reported and now there have been more drops, leading to more bottom extensions – in…

There was a weekly-scale bottom extension in Brent crude oil last week. This comes after a $15 decline since the highs of a rally in late June and argues that the decline will end hereabouts. It comes at the same…

There was a bottom extension in a Canadian index that we follow yesterday. We can only see these signals clearly on the market close, so this came several hours after we sent a reminder that yesterday was also a turn…

Today is the first day of a turn cluster in equities that may run until the early part of next week or which may be the first of a pair of two closely-spaced turns. This is what we wrote in…