equities | HED Capital Management

$ bounces off new support, a note on US Stocks

August 18, 2021 Richard Edwards

The US$ has been in an uptrend since a low point in mid-May. We identified this a few weeks later, in the June 11 edition, when a compression formed and broke upward. There has been no need to amend that…

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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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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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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…

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US stocks move up from compression, FTSE too. Europe makes top. Crude compresses.

April 6, 2021 Richard Edwards

US indices are still divided. The rally of the last few days has pushed the S&P 500 and Dow to new highs in the last few days while the Mid-cap is still a little below the highs made in mid…

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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…