HEDLines – Archive

We reported a compression in the Reuters commodity index last week that had broken upward. That index has now dipped back to the area of the compression, which is where we expect to find support. This means it is a…

There were bottom extensions in Swiss and Dutch equity indices yesterday: This indicates that the recent general weakness in European equities will end hereabouts so we advise covering all European equity index shorts immediately. As we always look to buy…

There were quite widespread compression signals in US equity indices yesterday, as shown here: This comes at a time when we have seen many weekly and even monthly-scale top extensions, which show that the uptrends of the last year are…

There have been a few new signals to report – mostly compressions that show new moves are imminent and two follow-on top extensions in the Nasdaq and Rbob. The compressions first: Copper has made a weekly-scale compression signal and is…

Natural gas futures extended at a daily scale yesterday, meaning that you should sell outstanding long positions immediately. These were recommended in the 5th November edition and the subsequent gain has been about 18%. The sharp rise yesterday after a…

There were monthly-scale top extensions in US indices last week: Also weekly-scale top signals in both the US and Germany: US and German indices, together with Japan, have been the strongest of the major markets in the last few weeks,…

There is due to be a large equity turn today, as warned. This is not quite a full grade 1 turn as there are too few components from Europe but it is a strong grade 2. This coincides with new…

There was a top extension in Dow futures yesterday. This has been the strongest of the US indices in the past few weeks and this extension tells us that the strength will end hereabouts. The rally has been patchy as…

There was a compression in Rbob gasoline futures yesterday that appears to be breaking upward so far today. This is more evidence that a rally will continue in energy markets – the first was a bottom extension in December WTI…

There was a daily-scale compression in the main Japanese equity index that has broken upward. The weekly version of the same index has also compressed and is apparently also breaking up but we have to wait for Friday to see…