bear | HED Capital Management

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…

HEDLines - Archive

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 –…

HEDLines - Archive

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.…

HEDLines - Archive

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…

HEDLines - Archive

Long-term Bond update and notes on Gold and energy

April 20, 2021 Richard Edwards

There has been much debate about the next direction in bond markets. Some think that an uptick in inflation is imminent for a variety of reasons, including the planned extra fiscal stimulus to a US an economy that is already…

HEDLines - Archive

Dow makes a top extension, Nasdaq makes a compression. Look out!

March 19, 2021 Richard Edwards

The strange divergence between the three main US stock indices is about to resolve. We pointed out in the last edition that the S&P was range-trading, the Dow was trending up and the Nasdaq was in an (interrupted) downtrend. Now…