HEDLines – Archive

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)…

The rebound in stocks after a low point on Wednesday last week has taken many US indices to slight new highs, leading to a lot of breathless commentary about the ‘continuing bull market’. Yes, prices are pushing higher and the…

The assassination of Iran’s military overlord on Friday (he was the likely model for Danesh Akbari in season 3 of Homeland, for those who prefer fiction) led to a spike in energy prices and top extensions in a few contracts.…

There were top extension signals on Friday at both daily and weekly scales in one of the main commodity indices we follow: This might mean a sudden drop from here,as there are often strong cross-currents at year-end. We have liquidated all…

On Friday, the latest new strength in the late-year stock rally produced a flurry of top extensions at a daily scale: These are across all the main measures of US equity market prices and so we should pay close attention.…

Last week’s Conservative party victory in the UK parliamentary elections was decisive and both stocks and the currency rose on the news. This was not so much a celebration of a Conservative win, more relief  that the opposition Labour party…

The drop and rally in stocks during the last week has now produced some compressions. There have been a few in European national stock indices and in US 30-year bonds. Here we show Germany as an example: There have been…

We have been expecting more buy signals in commodities and now there are two more. Sugar is breaking upward from the compressions we reported earlier in the week and Soybeans have made bottom extensions in the last two days. Buy…

There have been encouraging signs for bulls in some commodity markets. Starting with a couple of indices that we follow, compressions are stating to break upward: In addition, wheat broke upward from daily-scale compressions yesterday, and pullbacks can be bought…

Dow futures made a daily-scale top extension yesterday: This is the first such signal from any major US index in the recent rise in selected stock markets. We have been warning readers not to chase this up-move and this new…