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The recent accelerating weakness in energy markets has now produced a bottom extension in Brent crude futures: This is the trigger to exit all shorts in crude (we had recommended shorting Nymex WTI futures) and reversing into long positions.  The…

There have been three bottom extensions in equity indices in Europe – each connected to the recent sharp sell-off due to renewed worries about banks: This argues that the sell-off is at or very near an end and that a…

There have been a few scattered top extensions in Nasdaq indices and Asian indices, as reported in recent editions. Now there has been a daily-scale signal from the S&P futures which makes a dip even more likely: There is also…

Copper made a daily-scale top extension yesterday and is trading a little higher as I write. This brings prices back up underneath some old weekly-scale compressions where we expect to find resistance. This is an opportunity to sell Copper short…

The Dow version of the UK equity index compressed last Friday and is breaking upward today, so far at least as we write half-way through the afternoon. We have been wary of the possibility of rallies in equity markets for…

Cotton has made a daily-scale bottom extension overnight. We now advise buying it for a bounce and perhaps for more than that. This is our second attempt at buying this market since the top in early May when we sold…

The picture in stocks is still mixed. The sharp rally in US indices ended with a flurry of daily-scale top, extensions, as reported in the June 9th edition and there has been another rise to slight new highs in the…

Crude oil futures made daily-scale top extensions at the close of Friday’s trading in both WTI and Brent. This was also a turn day, as published in the June 3rd edition and the combination means that we automatically recommend selling…

There were top extensions in many US stock indices on Friday, which was also a turn day, indicating that the recent upmove is now over. The S&P futures shown here are just one example. These extensions were at a daily…

We wrote last week that bonds and bunds should be bought on dips. This counter-intuitive view coincides with our recent advice to buy stocks in almost all parts of the world, having picked the US Korea and Germany as the…