HEDLines – Archive

As stocks rally from the bottom extensions that showed up in a few scattered European indices earlier in the month (see November 16th edition) the up-move appears to be gathering speed, in the US at least. We have noted before…

The recent sell-off in stocks that started in Japan a week ago has now produced the first bottom extension signals, in Belgium and Finland: These are both ‘minor’ indices of course but we have often seen early warning from such…

In additional news, Gold is moving up from a recent daily-scale compression as today’s session develops: In today’s earlier newsletter we repeated our bearish view of the US$ and this bullish development in the Gold market reinforces that view – Gold…

The weekend ‘night of the long knives‘ in Saudi Arabia has pushed up energy prices across the board. The alternate reasons are probably these: The ruling cabal of the current Crown Prince and his immediate supporters have purged their rivals using the…

There was a top extension in the Rbob gasoline contract last night: This chart illustrates nicely how these signals work. The whole up-move from early September started with the upward break from a compression and the reaction from late September…

There have been two signals from different currency pairs involving the US$  in the last few days – both of which indicate that the recent $ rise is over: Although there have been no signals in the ‘major’ US $ pairs…

The ‘churning’ that has been seen in the S&P and Dow over the last week may be about to end. There have been three new signals in other indices, two of which are bottom extensions in the Pharma and Media sectors. We…

In the October 10th edition we made the case that the long decline in grain prices was at or near an end. Now there have been daily-scale compression signals in corn and wheat which (if they break upward) will be…

The recent rise in copper prices has produced a top extension at a daily scale. This is the third in the whole rise since June, as labelled on the chart: This means another pause, dip or reversal is due from…

There was a bottom extension in soya oil a week ago that caught a low point. At around the same time, soya beans made a daily-scale compression, from which the price moved up. It has since settled back onto that compression area…