Richard Edwards | HED Capital Management

US and European equity market update. Buy China and Malaysia

July 13, 2021 Richard Edwards

As reported, there were top extensions in several US equity indices last week, at a daily scale. There have since been new compression signals in the US mid-cap index at a daily scale and in various sector indices too. This…

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Top extensions everywhere in US equities. Watch out

July 6, 2021 Richard Edwards

There were top extensions at a daily scale in many of the main US equity indices on Friday. This comes at a time when we have already seen weekly and monthly-scale top extensions in these same indices, so it comprises…

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US Midcap and Dow rally into resistance. Natural Gas extends

June 29, 2021 Richard Edwards

In the last edition, dated June 21, we pointed out that the S&P 500 and the S&P 400 (the ‘mid-cap’) were behaving differently. The 500 was re-visiting support from an old compression (1st chart below) while the 400 had broken…

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US equities re-compress & drop. Gold mining extends

June 21, 2021 Richard Edwards

The churning behaviour in US stock indices continues. There had been a shallow uptrend in the S&P500 and Nasdaq, with the Dow and Midcap S&P400 lagging. Last week the Midcap re-compressed twice and those compressions soon broke downwards. This was…

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Gold update, copper breaks downward

June 15, 2021 Richard Edwards

In the May 27th edition we showed a daily-scale top extension in Gold futures. This had the usual meaning – an imminent end to the uptrend, with the most likely outcome of some sideways ‘churning’. Our recommendation was to ‘protect…

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Equities still rising, $ is breaking upward

June 11, 2021 Richard Edwards

We remain bullish of equity markets, as advised in the last edition. We were only slightly bullish of the US market then, as the mid-cap indices were still making compression signals, which argued that they could still move in either…

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Some equity indices move up; Gold extends

May 27, 2021 Richard Edwards

The recent few days of firmer stock prices in most parts of the word have been significant. Some new daily-scale compressions had formed just before this small rally and so prices have pushed up above the compressed areas, which is…

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Asian Equities stir. US equity update

May 18, 2021 Richard Edwards

We were long-term bulls of China and Japan from May 8th 2020 until January 18th 2021, when top extensions appeared at a weekly (and then monthly) scale. Here is an update of the weekly-scale picture: These weekly (and monthly –…

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Nasdaq drops toward support. Nikkei just drops. Crude update.

May 11, 2021 Richard Edwards

We pointed out in the last (May 4th) edition that the Nasdaq weakness that started at the beginning of May with the downward break of a compression would find support at the level of an old compression, about 4% lower.…

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Nasdaq compresses & drops

May 4, 2021 Richard Edwards

‘Second month’ Nasdaq futures compressed yesterday and that signal ‘broke’ downward early today, meaning that a new bout of weakness has now begun: We pointed out in the April 13th edition that the ‘up-leg’ currently in progress in equity markets…