HEDLines – Archive

We wrote about the prospects for certain Pharmaceutical stocks in one of the May 1st editions with a promise to examine Energy stocks next. These two sectors have been heavily affected by the ‘skew’ caused by US tax rules that have led to…

Gold futures made a bottom extension yesterday. Silver already did so as reported in the May 2nd edition but we don’t usually rely on signals from that most volatile of markets. This new Gold extension seems to confirm that the current…

There has been a flurry of top extensions in equity markets around the world. We reported that some Nasdaq indices had produced top signals in the last edition and some other minor markets were already doing so at that time. These…

Various Nasdaq instruments made daily-scale top extensions in the last two sessions. This comes as no surprise, given the sharp rally in the last two weeks. Here are the futures and the Composite index: The Nasdaq has made much more…

The immediate effect of the expected Trump administration tax changes are probably discounted – the so-called ‘Trump rally’ in stocks has been going on since the day after the election and part of the reason will have been the expectation…

Rbob futures made a bottom extension signal yesterday: This has the usual meaning – this decline has gone too far, too fast and there will probably be a rebound. Many energy markets are trading in ranges, so this is a…

Equity prices in Europe and the US both pushed higher in response to the French first round election results. The result was widely expected to be exactly as it turned out, so obviously stock markets were simply ‘caught short’, as…

European stocks have finally dropped but that doesn’t necessarily mean that US stocks must follow. We have pointed out some compression signals recently in various US equity indices that would indicate the start of weakness if and when they break downwards.…

Copper has been range-trading for most of 2017 and a compression formed 4 days ago, as is usual after a period of sideways price action. Compressions usually mean a new trend is about to start and indeed copper prices dropped sharply…

Energy futures markets fell from compressions in early March (circled in these charts) dropped into a low point marked by an extension (the pink arrow – see the March 15th edition) and have now rallied back up to those old…