HEDLines – Archive

The recent run-up in US stocks has taken prices up to the high-end of the range that has held since January. There was a top extension at a daily scale on Friday in the Dow, both in cash and futures.…

These two important government bond benchmarks both made bottom extensions yesterday. If you are short of any government bonds, as we have been advising since the August 21st and September 10th editions, cover now. You may wish to start buying…

In the Thursday September 6th edition we wrote that the drop in equities was at or near an end, due to a solitary signal from Belgium . The next day there was a flurry of further bottom extension signals, in more significant…

There was a bottom extension yesterday in a Belgian equity index that we follow. This unremarkable index has produced early warnings of the end of trends numerous times in the last twenty years, sometimes providing the only signal that we get.…

Coffee prices have been falling for years, but this banal observation conceals a more interesting point. Coffee is typical of those agricultural commodities that ‘bump along the bottom’ in a jagged pattern which has a fairly flat base and peaks of various…

We wrote in the August 1 edition that US equity markets had re-compressed at a daily scale, showing the Value Line and S&P 400 Midcap as examples. We said then that ‘an upward move is quite possible, which could ……

Wheat prices have dropped about 80 cents a bushel since the ‘spike high’ in early August made when there was some confusion about whether or not Ukraine would export the expected amount. Just prior to that we wrote in the…

Government bond markets have been mostly range-bound for the last few weeks, even longer in the US. The longer-term picture has been dominated by the gradual shift in monetary policy in the US and UK from ultra loose to gradually tighter…

The extensions reported in the £ against the yen and swiss franc in the August 9th edition have now been joined by a similar signal in Cable – see first chart below. We would now buy the £. The Euro…

The sorry saga of Britain’s extrication from the EU is producing enough grief that the currency is at multi-month lows. This gloom may be well-founded but may also not be, so it is possible that this one-way slide presents a…