HEDLines – Archive

There was a daily-scale compression in NY coffee futures two days ago that broke upward yesterday: As you can see from the earlier compression in this same chart, such breaks can start a run-up that can go for some distance…

We have remarked that the prevailing mood in investment circles in general and markets in particular has been that of dread because of some impending apocalypse or other. This goes some way to explaining the current mania for bonds, pushing entire yield curves…

As we warned was likely, compression signals did occur in the main US equity indices yesterday and in two European national indices and Japan. Several other US indices and one in Canada also compressed but all the charts look very similar,…

The lull that has led to range-bound markets seems to be ending. Both WTI Crude Oil and Natural Gas have compressed in the last few days, although there is no clear break yet. Interestingly, there has been some increased correlation…

There are no new signals to report or discuss in the main asset classes, so we write today about Gold, Silver and Platinum. This set of metals known as ‘precious’ have all moved up by varying degrees in recent months,…

The renewed two-day drop in Stocks was brisk and we hope you took some of the 300-odd Nasdaq points that were available after our short recommendation in the last edition on Wednesday this week. The whole drop from rally high on…

Stock markets have rallied since the bottom extensions reported in the last edition and are now pushing up against resistance from some older compressions. This is best seen in the Nasdaq chart below, but the next chart along shows that…

The latest Trump Twitter policy announcement caused a spasm in world markets and the ensuing sharp drop in stock and commodity prices has now led to bottom extensions. These are too many to show, so here are a sample, starting with…

The British £ has fallen sharply (again) in the last three days and has now produced extension signals against the three main traded currencies: There are dire predictions of further weakness to come if there is a ‘no deal’ Brexit…

There has been a surge upward in equity prices from the compressions reported in the last edition on July 23rd. This rally has not been universal and there are now some mixed signals. Some indices have already now made top extensions,…