HEDLines – Archive

It is hard to read the mood of the crowd when it is buffeted by serial policy announcements made in the middle of the night by tweet from the White House but we are still able to discern some things…

There were top extensions in both the Value Line indices yesterday, at a daily scale. The difference between the arithmetic and the geometric versions is one of calculation and they look practically identical, so here we only show the latter: We…

We have been saying since early January that stocks would be in a trading range, caught between bullish and bearish factors and unable to resolve this tension. That continues to be the case, although there have been quite big differences…

We pointed out the likelihood of more weakness in corn and the soya complex in our last edition, on June 6th. Both have fallen and now there is a bottom extension in soya meal that means the drop will probably…

Grains have traded in ranges since our April 19th edition. Here is an update to the chart published then, showing the same signals on the same weekly charts. The yellow banner makes an important point of signal interpretation: Range-bound markets will produce compression…

The various calls we have made lately in stocks, bonds and currencies have been quite short-term because: By their nature we always get more short-term signals, so we make a lot more short-term calls There are outstanding weekly and monthly…

The prolonged wrangling in Italy over whether they should have a government or not produced a number of fear-driven market flights. The usual ‘haven’ currencies all went up and so did bonds issued by governments that are more likely to…

As we wait to see the significance of today’s big turn in equity markets it is worth thinking about Italy and the possible effects if it should abandon the Euro. Since the collapse of negotiations between the antagonistic pair of…

There were a few extensions that we reported in various $ currency pairs in the April 30th edition. We remarked then that we remained bullish of the $ and that a pause in the uptrend might be all that we…

In the last few days, a Canadian equity index that we follow has been making top extensions and the upward momentum there has faltered. This is entirely normal as top extensions occur near the end of a move and the most…