US equity markets have slipped over the last three days, pushing down through support that has held these markets in a range for over a year. Throughout this time we have kept a eye on all the major, minor and…
We pointed out a bottom extension in a Brazilian equity index in the last issue and that Mexico had fallen into support from an old compression. Canada made a bottom extension the next day and China the session after that.…
The drop in Chinese stocks to 6-month lows has unstuck other equity markets too, so here we take a refresher look, Europe first. The dominant signals are the weekly-scale compressions from which prices fell earlier in the year. These provided…
In the April 6th edition, we pointed out that US equity indices were dropping into support. That support comes from older compression signals and these are still being tested, as this S&P 500 update in the first chart shows. There…
There have been top extensions at a daily scale in Mexico and Brazil in the last two days. These two slightly neglected markets have both risen strongly since mid-May on the prospect of increased market share for their commodity exports…
There has been little to say, so we have stayed silent since the last edition on March 23rd. Since then, month-end has come and gone and we have some monthly-scale signals to report, later in this edition and in editions…
Our March 8th edition that we Headlined ‘All change’ did indeed catch the moment where many markets abruptly changed direction. Stocks rallied, Gold fell, the Euro rallied against the $ and bonds peaked and dropped. This last change actually happened…
In the March 8th edition, we wrote ‘All change’ in the header of the emailed version. We expected the various markets movements in process at that moment all to end and reverse. Here’s an update, first to equities, using the…
There was a sprinkling of bottom extensions in European stock indices yesterday and today is the first day on which we expect a turn (see the turn calendar on our front page). We usually buy bottom extensions without much encouragement…
Now that the Petulant Pygmy’s war looks less like a blitzkrieg and more like a traditional meat grinder, markets are adjusting to the prospect of a long conflict with the ever-present danger of it widening, even to the extent of…