HEDLines – Archive

US equity markets are compressing again – mostly some sector indices but the Russell 2000 alos compressed on Friday. Ten year notes just made a new daily-scale compression and crude oil is also compressed. The $ index broke up from its…

There will be a slightly curtailed service for the next 5 business days due to limited internet access here in the Ionian islands. In the meantime there have been more compression signals to report in US equity indices – here…

There have been two top extensions in the last 24 hours – in Brazil and Switzerland: Neither is a major market but we often see clues in these other exchanges that provide early warning of  things to come in the…

Bonds have dropped around the world in the last 24 hours. Prices also ended on a down-note on Friday, so have fallen for two straight sessions and the ten-year US treasury yield has risen from around 2.85% to almost 3%.…

There were two bottom extensions yesterday, in a commodity index that we follow and in gold:   The commodity index signal would not be very significant on its own – this is an ‘equal weight’ index that does not reflect the…

US and European Stocks continue to range-trade. As we have written, this may continue for some considerable time to come and price movement will typically consist of: Moves, both upward and downward that may be sharp. These are mini-trends that…

Copper prices have fallen over 16% since early June and in doing so have pushed down through several weekly-scale compressions. This argues that the decline will probably continue for some weeks longer but there have been daily-scale bottom extensions in the past…

There are some continued divergences in equity markets, by region and sub-region. US first. The ranging behaviour that has kept prices stuck for the last six months continues. For those that think this has to end soon, please look back…

The world has divided into different parts, which must gratify Mr Trump’s handlers. China’s equity market has dropped quite hard and has now provided a bottom extension, as shown in the first chart below. Despite the rhetorical ripostes coming from…

We have been writing since early January that stocks are in a trading range in most parts of the world. As prices near the top end of those ranges, we get signals that conform it is time to get out of…