HEDLines – Archive

The Crude oil, sugar and coffee markets all made top extensions in October and all have since dropped. Here are some updated charts: We wrote in the relevant editions that pointed out these signals (October 2nd, October 16th, October 19th)…

There have been some new bottom extension signals in Equity indices, particularly in some national markets of Scandinavia, central Europe and Spain: We called a halt to our bear campaign in the October 12th edition and also advised some buying of…

Hard on the heels of a top extension on Coffee, now comes one in Sugar futures: We wrote in the July 10th edition that we think (and we still do) that many agricultural and tropical commodities are ‘bouncing along the…

We wrote about Coffee in the September 4th edition, pointing out that it had made bottom extensions at every time scale and that the long decline in prices was soon to be over. It did go a little lower after that but has…

The drop in stocks has now produced many bottom extensions, including some in major indices. Cover shorts. There may be more weakness to come in due course but the odds have shifted sharply in favour of an end to the current…

In the last few days, weakness in equity markets has produced some bottom extensions. These are in relatively minor national indices but there are some big sector versions too. Europe first: The 3rd example above is of the German Mdax,…

On Friday, US ten-year notes and thirty-year bonds extended at a daily scale. Here are the yield charts: To put this into context, these yields have been rising since a break upward from weekly-scale compressions in early September (see first…

Brent crude made a daily-scale top extension yesterday. It is the only energy market to have done so in this current rally but it is a leading benchmark so we should pay attention: This has the usual meaning of a…

On Friday, there was a top extension signal in the $/Yen. It is higher again today (so far) meaning that there will undoubtedly be a second signal by the close: This has the usual meaning that we ascribe to extensions…

Hot on the heels of the top extension reported in the Dow in the last edition, there have been some compressions in those parts of the US equity market that haven’t risen lately (which means most of them). The Value…