HEDLines – Archive

The US $ has been strong throughout 2018 and particularly so during February. This rally was largely unexpected and it has just produced the first sign that it may be overdone. The signal is not in a US$ pair but in…

Stock markets around the world have been volatile since the sharp drops of two weeks ago. There has been a lot of ‘churning’ and prices have moved in a wide range, bounded (roughly) by the lows made on the first drop…

From time to time we mention the startling increase in world population, as it should be in the back of every market person’s mind, especially when considering commodities. In the December 6th edition we wrote about the roughly equal rates of growth of…

We have been turning progressively more bullish on commodities as evidence has accumulated from individual members of the group – all updated lower down the page in this edition. Now we also have daily-scale bottom extensions in two of the indices…

All energy markets have fallen in the last two weeks as part of the general wave of liquidation that has flowed around the world. Now, we see the first bottom extension – a sign that these markets should not be…

We reported two equity market bottom extensions in the Monday edition after markets began their decline on Friday. There have now been many more – too many to show here, so we will use the S&P500 futures contract as an example: We…

The general selling pressure that has been building in bonds finally spilled over into stocks last week and prices dropped sharply. We have been pointing out for some time that there have been top extensions at every time frame in US…

Several US$ instruments have made extensions in the sharp weakness of recent days, which was seemingly encouraged by some intemperate remarks from members of the Trump administration. The existing $ downtrend then steepened and these extensions are the result: The…

Several delivery months of corn futures compressed on Thursday and may be breaking upward today – July is shown below. We have been calling for an end to the downward bias in grains for some time and this seems to…

Last week WTI and Brent crude oil futures made weekly-scale top extensions. Both had already made daily-scale top signals as reported in the January 10th edition – only the new WTI signal is shown here, as they are identical in appearance. At…