HEDLines – Archive

The broad trend in commodities is downward and we have seen a bounce since early March in the Continuous Commodity index after a daily-scale bottom extension in late February. That extension didn’t catch the low of the move but it…

The imminent insolvency of Cyprus has been averted and most commentary concentrates on the iniquity of seizing bank deposits or the forced shrinkage of Cyprus’ over-large banking system. Malta is similarly overbanked by the way, so watch out for unpleasant…

Today we are expecting a turn in most grain markets. As ever, the nature of the turn is dependent entirely on the prior market trend – uptrends result in high points and downtrends lead to lows. The prior trend in…

Spanish stock indices compressed yesterday. The main Spanish index that we follow is the Dow version but here we show the Ibex itself. Both Indices have compressed and a break of yesterday’s range would signal that a new trend has…

The grain markets are continuing to diverge a bit. We advised taking long positions in corn and soybeans on Feb 25th as shown by the blue arrows in the top two charts. Corn has risen, after a dip during the…

There have been weekly-scale top extensions in Dow and S&P500 futures. These are important and are the most urgent sign yet that the stock market rally of the last few weeks will end imminently and is probably already over: There…

There has been a daily-scale top extension in one of the US indices that we follow – the Dow Jones futures contract. This is a solitary signal and has only been generated in the continuous contract series but it is…

The equity turn that we were expecting on the 22nd February has come and gone and there is no other due until the 21st March. As explained in the February 27th edition this turn was mainly expected in US indices…

Copper has been trading sideways at a historically high level for many months, leading some to conclude that the price has found a ‘new equilibrium’ between $3 and $4 per pound. Prices for copper were rarely above even $1 before…

We were expecting a turn in equity markets on Friday 22nd February. For us this means that a cluster of individual turns in the many equity indices that we follow is due on or around a single date and this…