HEDLines – Archive

The equity rally since the low point the day after Christmas (Boxing Day here in the UK) has been brisk and has brought the S&P up by over 11% from that low to today’s high. Whether you think this is…

There was a weekly-scale top extension in the 10-year US Treasury note future last week and a daily-scale version on Thursday. This is the second extension the current up-move has developed, the first one was reported in the December 5th edition. That led…

The Yen experienced a ‘flash crash’ moment yesterday in reverse as it soared and then dipped. This reminded some commentators of the experience of the British Pound in the ‘outrun period’ from the UK Brexit vote but there are important…

The price of cotton has dropped away from daily scale compressions that formed in early December and the fall produced a bottom extension on Christmas Eve, as shown in the first chart. This is merely the latest ‘leg’ down from a…

In the last edition we pointed out that the worldwide weakness in socks  had produced bottom extensions at a daily scale in some of the main US indices. This led us to call for a bounce, within the shelf life of…

The recent drops in stock markets around the world have now produced bottom extensions in the main US indices. The S&P 500 and 400 MidCap futures both made signals yesterday, as did the Value Line and Russell 2000: This has the…

In the December 5th edition we pointed out that the bond rally had produced a top extension in the December futures contract, which was then the ‘front month’. We gave the usual advice when dealing with top extensions – to ‘wait…

Stock have dropped since our December 13th edition in which we pointed out some nearby overhead resistance in the European markets. The first chart below shows an update on one of those markets (Switzerland) with that resistance from a recent compression…

The US dollar has been trading in a range for many weeks and there have now been some compression signals that probably mean the range will soon break. The two principal signals are in the Euro against the $ and…

The various US stock market indices held the bottom end of their year-long range on Friday and have now rallied. This sharp drop after testing the top end of the recent narrower sub-range is typical of the market crowd’s behaviour…