HEDLines – Archive

We mentioned in the last edition on the 22nd February that one of the commodity indices that we follow had made a bottom extension. This was only at a daily scale but we thought a decent bounce might ensue in…

When we write, we write about feedback.  All our work stems from studying it – Extensions occur when positive feedback produces a self-reinforcing price trend that then goes ‘too far’ so it ‘extends’. Compressions happen when negative feedback causes self-limiting…

Equity markets in the US made a slight new rally high yesterday before dropping sharply in the same trading session. This comes two days before the largest turn that we expect during these few weeks, a grade 2 that we…

Gold made a daily-scale bottom extension on Friday in one of the price series that we follow: We have an outstanding ‘short sale’ recommendation in gold since compressions at both a daily and a weekly scale broke down recently and…

Gold has been compressing at a weekly and daily scale recently and this morning’s weakness has pushed prices down through both sets of signals. The longer-term picture in gold shows monthly-scale top extensions (as reported) last year, which means that…

On Friday morning (the 8th February edition) we pointed out that a turn due that day might end the weakness in European stocks that had been gathering pace since our bear advice in the latter part of January.  Publication of…

There have been few turn signals of any size in equity markets in recent weeks and that unusual state continues for a while longer. There is a small (i.e. grade 3, where 1 is large and 3 is small) equity…

The Dow version of the French stock market index compressed yesterday and has fallen through the bottom of that daily-scale compression today. Belgium has done something similar and this weakness is merely France following some of the other Europeans downward…

There has been some weakness in equity markets in the last week but it has not been uniform. The US has moved from the top end of its recent range to the bottom as best shown here in the Nasdaq…

The flurry of equity index top extensions that we have been reporting in recent editions has continued: We also now have one in US gasoline futures. This has an on-again off-again correlation with US equities which is currently quite strongly…