HEDLines – Archive

The behaviour of equity markets around the world has been quite divergent lately. There were bottom extensions in Canada, Australia and Hong Kong as already reported and now there have been more drops, leading to more bottom extensions – in…

There was a weekly-scale bottom extension in Brent crude oil last week. This comes after a $15 decline since the highs of a rally in late June and argues that the decline will end hereabouts. It comes at the same…

There was a bottom extension in a Canadian index that we follow yesterday. We can only see these signals clearly on the market close, so this came several hours after we sent a reminder that yesterday was also a turn…

Today is the first day of a turn cluster in equities that may run until the early part of next week or which may be the first of a pair of two closely-spaced turns. This is what we wrote in…

Last week there were daily-scale bottom extensions in Hong Kong and Australian equity indices. These had both dropped from highs made a few weeks ago and these extensions argue that the drop is overdone. This offers a chance for a…

There have been some more bottom extensions in commodity markets. We reported a weekly-scale bottom extension in a major commodity index that we follow in the August 26th edition and this made it highly likely that individual commodity markets would…

Polls indicate that Scots voters might choose to leave the United Kingdom on the 18th September. This has provoked weakness in the pound and a little bit in UK equities too. Authorities in the UK are having a fit of…

There was a top extension in one of the Chinese indices in Tuesday’s session. We have had a broadly bullish view of China since weekly scale compressions broke up – see the July 31st edition for the most recent update…

The markets have been responding to news developments from the situation in East Ukraine where the ebb and flow of military forces is further complicated by the conflicting statements from the protagonists, principally in the Russian government. In order to…

There has been a flurry of top extensions in stock indices in many parts of the world. This started in the US toward the end of last month as reported in the August 26th edition and has continued with increasing…