HEDLines – Archive

The Singapore equity market rallied sharply over the last eight days and has now made a daily-scale top extension. So has China, but there the signal is at a weekly scale, whereas Taiwan has continued to rally, making daily-scale top extensions…

Several US indices made daily-scale compressions at the end of last week and have since moved higher. We are always on the alert for any signal but these new ones come at a time when we have an outstanding short-sale…

Rbob gasoline futures made a top extension yesterday. This comes at a time when most energy markets have traded sideways but the price of gasoline has risen. This divergent behaviour usually reflects tightness of supply caused by bottlenecks on the refinery/distribution…

The sharp rally in government bonds since the latest outbreak of pessimism from the Federal Reserve has produced some top extensions, in the US but also in France: The scale of the move has been quite large and probably disproportionate…

The S&P 100 (known widely as the OEX) made a top extension yesterday: This comes right in the middle of a three-day period when we expect a big turn and we had already identified in the last edition that it…

Today is the first day of a tight cluster of turns in US equities and bonds. We wrote of this in the last edition but it is worth a bit more space here as these turns come from a different…

US Bonds continue to be pushed in several directions. We have written here before that tax cuts in anticipation of increased economic growth increases the need for issuance of Treasuries, during the wait for increased tax receipts to flow. This…

Stocks in Europe have been marching upward to a different rhythm from that in the US. Both moves began from the lows of the sell-off into late December but the prior decline had been persistent in Europe, starting from highs…

Wheat prices made bottom extensions yesterday in the front month and in the continuation series: Grain markets have been stuck for many weeks in the face of the ongoing threat of an escalation of the trade war between Trump and…

There were top extensions yesterday in both the Dow industrials and in Copper futures: This new Dow signal gives us another reason to hold on to US equity index shorts, just as prices had pushed up to the very limits…