HEDLines – Archive

Here is the 4th update to the same weekly charts that we have been publishing since late October. The two US indices shown have (just about) pushed up above their compression levels and so are now seemingly embarked on a…

The Reuters equal weight commodity index that we follow as one indicator has produced good signals in the past few years. Readings from this and  a few other similar measures led us three years ago to say  that  commodities ‘as a…

The last-minute rally in US stocks on Friday did (just) push values above the weekly-scale compressions that we have been reporting for some weeks. The Value Line made new highs for the range and the break this entailed would normally be enough…

Despite the evident strength in the most-watched US stock indices (S&P, Nasdaq, Dow) there has not yet been a ‘break away’ from the compression signals that we have been reporting, so we still can’t state with any confidence that a…

The ‘churn’ continues in equity markets, with no clear break into a new trend in either the US or China, where there were further weekly-scale compressions last week: It is tempting to announce that the two US indices are ‘breaking…

There is little to report in the midst of all this sideways ‘churning’. Some US and European stock indices re-compressed at a weekly scale on Friday (we can only ever see signals at the end of their period, whether daily,…

There were multiple further weekly-scale compressions in equity indices last week, in the US and elsewhere. Here are the US examples, without further adornment: and France and Germany: There have also been multiple weekly-scale compressions in US sector-specific instruments. Here…

There were fresh weekly-scale compressions in several important US equity indices last week: Naturally this means that the current range-bound condition of the whole market has not resolved, but it also a repeat warning that it will ‘break’ in one…

There have been a series of compressions at daily, weekly and even one at a monthly scale in US stock indices: This has the usual meaning – the range has gone on long enough that pressure is building for a…

There have been daily-scale top extensions in the last few days in a Japanese and also a Russian equity index that we follow: This makes us a little more nervous that we already were about the possibilities of further gains…