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Yesterday, the nearby NY coffee contract made a top extension. This is almost expired, but that doesn’t detract from the signal. London coffee has also extended at a weekly scale, so this seems to be an important moment. Sell longs…

Both New York and London Cocoa futures have made top extensions in the last few days, London yesterday: This is the latest commodity market to show that it is time for a change of direction into a downswing, so sell…

There have been a couple of top extensions in some commodity indices that we follow in recent days. This comes after a string bounce in prices since low points in late March and early April following the ‘Covid sell-off’ in…

Following our warning of an imminent top in stocks in the last edition, there were similar but longer-term signals at the end of last week.  Both main Nasdaq indices made weekly-scale top extensions, as did the S&P500. The reason is obvious, as…

After yesterday’s mid-session edition, stocks rose further and provoked a wide range of daily-scale top extensions, in the large cap OEX: …in the SPY and S&P futures: …in these broader indices, the Russell 1000 and Wilshire 5000: …and in the…

The behaviour of the main US stock indices since late June has been a gradual uptrend with ‘a few days up, a few days down’ that we call a ‘grinding uptrend’. It has carried the S&P up from 3000 to today’s level…

There have been a number of compressions in various stock indices recently, which are either breaking or have already broken, upwards: All these three shown above are still ‘range-bound’ because they have yet to make new highs above those of…

While US stocks continue to grind higher (as expected; see last edition) and other equity markets also remain quiet, there are a few developments to report in other markets: Grains have been diverging one from another in the last few…

There has been little to report, so this is an update on outstanding recommendations and views. US  and European stock indices have continued to work higher, after pushing up from compressions. The UK FTSE has continued to do nothing except…

In our May 8th edition we advised that Japanese and Chinese stocks were likely to go up, no matter how other markets performed, also pointing out that the Chinese market in particular was poised for a big bull move. That…