Author Archives

Last week's astonishing events in which nearby WTI crude futures traded deep into negative price territory two days before expiry had all the hallmarks of a 'selling climax'. We have waited until the end of the week to write about…

This appeared on our website in a timely manner but the notification system failed to send emails informing readers that we had written it. Sorry - this repeat should solve that The sell-off into Friday's lows in stocks produced more…

The sell-off into Friday's lows in stocks produced more bottom extensions in very many US sector indices (not shown here - we already advised buying in the last edition) and in other national indices around the world. Here are the…

The sharp weakness across the world in stocks and commodities has now produced dozens of daily-scale bottom extensions. In the US most major and minor indices have extended - these charts are up to date as of 4 hours before…

There were several bottom extension signals in equity indices yesterday. Here is a signal in the Eurostoxx and the beginnings of one in the S&P today. Please note that the S&P signal is generated only using data from the European…

Worry about the further spread of Covid-19, formerly known as the Corona Virus pushed stocks down yesterday and Gold up to a new high for the move. This was enough to produce a top extension and we would now start to…

The sharp drops in stock and commodity markets since short-lived rallies late last week have obviously been caused by fears of a runaway medical emergency emanating from China. We have been bearish of stock markets since our 'sell' advice in the January 17th edition and…

There have been bottom extensions in heating oil and natural gas, both of which have fallen further and faster than any of the related crude oil or gasoline markets: This has the usual meaning - we expect that the current…

There have been several top extensions in US indices. Here is one important example: As we pointed out in the last edition, the largest turn event of January is expected today (Friday 17th - see front page for the chart)…