With John Hampson

A Dumb Mechanism

Evidence reveals the financial markets┬áto 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.┬áBehind 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

Gold And Gold Miners

Gold as an investment: not straight forward. It was the original money, valued for its rare, precious and indestructible qualities. Fiat money then took over, but convertible to gold. Now, … Continue reading

July 3, 2015 · 185 Comments

Charts Update

It’s a picture of a major market top. The ‘real’ peak was mid-2014 at the solar max, as it was at the last solar max of Spring 2000. The supports … Continue reading

July 1, 2015 · 96 Comments

Selling Exhaustion Signs

The first day of decent selling…. but exhaustion signals appear. Yesterday was the highest downside volume day since March 2012. It ended the longest streak of no >2% up or … Continue reading

June 30, 2015 · 58 Comments

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