HEDLines – Archive

The latest move up in US stock index futures has now pushed prices up through the resistance levels that we first identified in the January 8th edition when prices were much lower. It is still possible that the present up-move will…

One data series in FTSE futures that we follow has made a daily-scale top extension: If you are still long from our recommendation in the January 15th edition, as amended in the January 27th edition, take profits now. We are…

One of the Chinese equity indices that we follow has mad a daily-scale top extension overnight. There have been a couple of others in Asia in the last few days, including a weekly-scale version in Thailand – charts: This adds…

There were top extensions in one of the main mid cap indices and in a small cap index in the US yesterday: We have been reporting that the rally in US stocks has brought prices up into a broad resistance…

We have been seeing a lot of mean-reverting price behaviour in recent weeks in many different asset classes.  This is the same thing as saying that prices are trading in a range of course, but that term can describe many different…

There were daily-scale top extensions in two more indices on Friday after Canada’s signal on Monday. That first signal coincided with a stall in the North American equity markets and these two new ones in Korea and Holland make it very…

The rally in stocks has lost a bit of momentum in the last few days and indeed there was a solitary daily-scale top  extension in the Dow version of the Canadian national index: This is thin evidence on which to…

The rally from the December 26th low – see the edition from that day has now travelled 14% and is in resistance. Here are updated charts showing the weekly-scale compressions that are providing that resistance – you can see that prices…

AS US equity indices rise towards their first resistance levels (see the January 8th edition) which start at about 2635 in the S&P, there is another game playing out in the UK. As we wrote toward the end of the December…

A commodity index that we follow made a weekly-scale bottom extension in late December, arguing that declines are over. We have been optimistic about crop commodities for some time and this index signal obviously encourages that view. These commodity indices…