With John Hampson

Bear V Bull

We can now see that the arching over in price in 2015 set against negative divergences in breadth and strength were indeed a prelude to a collapse in stocks like in 2011: … Continue reading

August 29, 2015 · 232 Comments

Sunday Indicator Updates

There are a bunch of indicators already at contrarian extremes and they would argue that stocks are close to a low. Here, ISEE put call, daily sentiment index and CBOE … Continue reading

August 23, 2015 · 373 Comments

Increasing Validation

Testing several key theories here real time, it’s been a slow process, but patience is being rewarded. Firstly, that demographic forces are more powerful than central bank actions. Look what’s … Continue reading

August 21, 2015 · 91 Comments

A Dumb Mechanism

Evidence reveals the financial markets to be ‘dumb’. Long term trends are dictated by demographics (swelling numbers of buyers or sellers) and solar cycles (influencing speculation levels amongst participants). Markets top … Continue reading

August 15, 2015 · 110 Comments

Top Signals And Bottom Signals

The Dow and SP500 are combined flat for the year and the 7 month price range has resulted in bollinger bands that are the closest in 20 years. Behind the scenes … Continue reading

August 6, 2015 · 372 Comments


Capitulative breadth now down to 6 on the rally in stocks, but still suggestive of some more upside for equities to properly neutralise it. Source: Rob Hannah Today is the … Continue reading

July 31, 2015 · 206 Comments


A bounce looks likely here, and a significant one at that. Capitulative breadth (Rob Hannah) hit 20 yesterday, which is extreme. See other extreme readings here: In the past, they … Continue reading

July 28, 2015 · 134 Comments

No Change

The underlying picture still looks the same. Stocks have rallied back up but there are so many persistent divergences that aren’t supportive. Here breadth, strength and bullish percent all look … Continue reading

July 19, 2015 · 356 Comments

Topping Process

Some big moves in commodities, China stocks, Japan, and a change in character in US equities whereby nothing is currently working for the bulls. It begs the question where we … Continue reading

July 9, 2015 · 413 Comments

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