HEDLines – Archive

Stocks are still buoyant in most markets but strongest in Asia, where China has sprinted up almost 15% since three-year lows in early December. Japan too has been stronger, also moving up 14% since mid-November lows and 9% since we…

Many Japanese Yen currency pairs extended yesterday, meaning that it is now cheap against the other currencies: So buying some Yen hereabouts seems like a good idea – we will follow and advise as the story unfolds. Wheat made bottom…

There was a top extension in the NYSE composite index yesterday; which was also the last day of the current turn cluster. This combination always means that we recommend a trade and so it is here – sell US equity…

The relative lack of stock market turns continues through this month, but there are a few features to point out. Please bear in mind that there are always lots of cross-currents in markets as we head toward year-end and so…

Chinese stocks rallied last week after some bullish news on output from factories and from retail sales and the rally continued into today. These are not the only bullish news items that we have seen in the last three years…

US stock market indices have pushed a bit higher in the rally that started with bottom extensions reported in the 16th November edition. These were in several US indices, Canada and Singapore and the rally has been quite widespread, affecting…

The main world stock indices are following our script quite closely. After bottom extensions just over two weeks ago in US, Canadian and Singapore indices, there was a fairly general rally, which has now run into resistance at the level…

US energy markets have all compressed in the last few days. WTI crude and heating oil have yet to break their compressions whereas Rbob gasoline seemingly did, only to run immediately into resistance at an older compression. Natural gas is…

The rally in stocks that started on Friday 17th after bottom extensions in the US and elsewhere has been very sharp. This is in line with our repeated warnings that greater equity market volatility would be the ‘new normal’ but…

There were several bottom extensions in US stock indices yesterday, at a daily scale. This obviously points to an imminent or immediate end to the current weakness and so we advise covering all tactical shorts that you may have adopted…