HEDLines – Archive

Stock markets have dropped around the world after the Fed Chairman failed to provide assurance of continued aggressive monetary stimulus. Actually, he did try to assure his audience that there was no change in policy but the markets took this…

Each of the three main US equity indices made daily-scale compressions late last week: As I write, the US equity market has opened stronger and so these compressions are all starting to break to the upside. This fits with the…

A popular Chinese equity index made a bottom extension in today’s session. This market has been ‘catching up’ a bit with weakness elsewhere in the region after a holiday break and the first day’s drop was enough to provoke this…

There is a large cluster of turns due tomorrow, mostly in US equities, with a very small contribution from European indices. This turn seems to have no significance for Asia at all, which is no surprise as the general linkage…

We have been bearish about commodity markets for a while, as written in several editions in recent months – this is true for most of them (grains, say and cotton) but especially for the ‘industrial’ commodities. Now we have a…

There was large (grade 1) equity turn in Europe and the US this due this week on Tuesday June 4th. The markets were heading lower as the day approached, making it seem as though a low point would be made…

Yesterday’s equity market turn date came and went without clear evidence about the trend. Some indices in the US and Europe did make new lows, which would indicate that the turn marked a low point – this would mean that…

Tomorrow we expect to see a big turn in US and European stocks. The method we use to calculate these turns (from existing market price cycles) is different from those used by others. Instead of using the usual ‘Fourier series’…

We reported in the May 24th edition that July soya bean futures had made a top extension. Since then the ‘back months’ have risen quite sharply, narrowing the wide premium that July beans command over November and further deliveries. These…

We pointed out in the May 16th edition that a Chinese stock index that we follow had compressed and that you should buy it if it were to break upward. It did, so you should now be long. An update:…