HEDLines – Archive

Copper futures made a weekly-scale bottom extension last week: This adds to the daily-scale version already reported to you in the April 18th edition and is yet more evidence that commodity markets are ‘oversold’ for the time being. Bottom extension…

Some measures of the Nasdaq made new compressions yesterday as shown here- there are a few hours from today’s trading in the most recent bar: This means that this market (which is making all the US signals) did not break…

The commodity index that we follow most closely has made a bottom extension, and so has copper: This comes soon after the bottom extensions in gold, silver, platinum and energy that we reported earlier in the week which all lends…

The sharp falls overnight in commodities and some stock markets have produced a few bottom extensions. The equity market extensions are in South Africa and Canada and as both are dependent on natural resource exports, they fit the other signals.…

Here is an update to the turn schedule. We have been passing through a period with few turns and those that there have been were small. That is about to change as we move through late April into May –…

Japanese markets have extended. The recent policy changes announced from Tokyo have produced large moves up in Japanese equities and down in the Yen. Both these markets were already trending in those directions and this massive attempt to kick-start this…

There were daily-scale extensions in the five, ten and thirty year US treasuries on Friday. These occurred in the price series: And also in two of the yield charts (the inverse of price): All have the usual meaning – the…

We have often found the Philadelphia semiconductor index to be important as it sometimes leads the Nasdaq index by a little and so can provide early warning of a general market move. Yesterday it compressed: As ever, we cannot know…

Some financial assets have risen since November 2012. Others have not and we have proposed reasons why this should be – the creation of the Euro a mere five years before the worst financial crisis in living memory locked Spain,…

There has just been a daily-scale bottom extension in the Greek stock market – it closes earlier than the others, so we are seeing this signal during that part of the trading day while more westerly markets are still open.…