HEDLines – Archive

Fixed income markets are weak today and this has had the important effect of pushing ten-year US Treasury notes through the recent daily-scale compressions. Both prices and yields (which are inversely related) have been compressed in the last few days…

There have been some compressions in energy markets in the last few weeks – part of the prolonged process in which pressure has built up in various assets for a new move. The most recent of these compressions have been…

The compressed conditions in some equity and bond markets may be starting to resolve. Eurostoxx futures broke up from their daily-scale compressions late last week and some (but not all) US indices apparently did so yesterday. There may now be…

There have been a couple of new compression signals to report to you. Ten-year notes made a new weekly compression:   Both ten-year notes and thirty-bonds remain in the general area of recent daily-scale compressions too, although notes have been…

Today should mark the biggest turn event in equities for the past few months, as listed in the March 10th turn update edition. Sometimes we must let the turn event pass before we can see its effect but the picture…

There was a compression in Nasdaq futures yesterday, arguing that the range-bound trendless price behaviour of the last month will soon break into a new trend. We cannot ever know which way compressions will break as they are moments of…

Comex copper futures made daily-scale bottom extensions yesterday. This is a signal to cover shorts and try a trade on the long side. Short positions taken near the close on Friday 7th will now be profitable but that profit is…

There has been a marked absence of turns due in the last few months, as we have remarked in prior editions. That situation is about to change in the next few weeks so it is time for an update of…

There have been some fresh daily-scale compressions in all asset classes. This is not surprising as prices have been churning sideways in many markets and these compressions show that new trends are about to start that will last a few…

There was another monthly-scale top extension in the Nasdaq 100 in February, as shown here: US equities have been rising since November 2008 and this five-year+ rally is now looking dangerously over-extended. The dip that lasted only one day on…