HEDLines – Archive

The sudden weakness in Stock markets in the last few days has been attributed to a worsening situation in Argentina which has spread contagion to other ‘emerging’ markets.  R N Elliott (of Elliott wave fame) remarked: “At best, news is…

There was a single compression yesterday in Dow index futures. This index was also the source of the top extensions at the very end of last year that most recently made us bearish of the US equity market: As we…

There has been a compression at a weekly scale in thirty-year bonds. This is in the yield, not the futures price but the yield often produces more reliable signals as it is continuous – the futures price is always a…

We had expected to advise selling short some more commodities in the last few days to add to the existing short recommendation in copper. Prices continued to fall away from the recent compression signal in the commodity index however, without…

The Dow versions of the Spanish and Italian national equity indices both made top extensions yesterday, as we thought they might: This is usually a ‘sell short’ signal but we have a couple of doubts. Selling short at new highs…

There have been a couple of top extensions in a Swiss equity index: This is the latest in a series of top extensions that we have been reporting to you and it means that we can now add Switzerland to…

There have been top extensions in a couple of Dow-related US instruments in the last 48 hours: We have warned that this rally is on shaky foundations, due to the looming presence of prior weekly-scale top extensions in the US…

Now that the reduction in the Federal Reserve buying of US Treasury paper (the ‘taper’) has begun, what next? The markets initial response to this much-anticipated event was a short-covering squeeze that revealed some bear sentiment had built up, and…

We advised buying German stock indices in the Friday 13th edition and that trade has worked well. The reason for the recommendation was some bottom extensions in Switzerland, Holland and (later) Austria -here is an update: We always have a…

Many US equity indices have made new compressions in the last 48 hours, repeating those signals that we reported in the December 12th edition.  This is unsurprising as we wait for yet another Fed indication on ‘tapering’ but it shows…