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There was a daily-scale bottom extension in Rbob gasoline futures yesterday. This is the second such signal from petroleum-based energy futures in recent weeks – the last one was in WTI crude futures in mid-July which led to a $5…

Yesterdays sharp break down from compressions continues today and we now loo at the longer-term picture. There were a handful of weekly-scale compressions in US indices in May and those broke up leading to the rally that peaked in the…

Many US equity indices have made compressions in the last two days, here are two examples, one of which is the S&P futures contract that has been trading below the compressed levels already today: A few European indices have also…

The €uro has been weak and now the €/$ pair made a bottom extension yesterday at a daily scale. The  corresponding strength in the $ has also made a top extension in the $ index. These are essentially the same…

Gold futures compressed yesterday at a daily scale and may be breaking down today after an early failed rally:   If this break is confirmed by the close – that is the price closes below yesterday’s low – we advise…

Here is an update to the schedule of market turns that we expect until late September. There are a couple of things to watch for: The equity turn due on August 1st/4th is large and spans the weekend. The main…

The situation in US stocks remains the same – the outlook is for further gains as various indices climb up and away from weekly-scale compressions, as reported recently. There has also been a single daily-scale compression, in the NYSE composite,…

There have been some bottom extensions in some of the main agricultural commodities, both at a weekly scale: And at a daily scale too: This means that it is likely that the substantial declines that began in May and accelerated…

Natural gas futures made a bottom extension at a daily scale yesterday. This signals the probable end of the recent decline hereabouts and so we recommend buying some ‘at market’: We already have an outstanding ‘buy’ recommendation in crude oil…

US equities have been moving higher since a major low point in 2009. Since the middle of 2012 the uptrend has been getting progressively smoother as the up-and-down wiggles have diminished in size, quarter by quarter and have also become…