Author: Richard Hefter

It’ll be brief this evening as there is absolutely nothing to add from yesterday’s action. Today was a classic low-volume retail day that didn’t add up to much in terms of gains, but did do the usual upward...

Friday printed the type of candlesticks across the board that suggested the market was ready for a counter-trend rally. I wrote about it in the newsletter over the weekend. Strong reversal sticks on increasing volume told the...

We have reached a point in this down trend when we should see some relief from the selling for a little while. No guarantee, of course, but we should see some real relief now that the bulls finally printed a daily candlestick...

The bears had their chance yesterday morning with the S&P 500 gapping below 1375. It opened at 1371, only to see the bears give it up to an intraday rally that carried the index back to the low 1380’s. The bears had to...

The market closed last week a few points above that critical area of support for the S&P 500. With the Dow and Nasdaq already decently below their critical levels of support or the 200-day exponential moving average,...

Cloudy vision is what the market tries to avoid. It hates uncertainty. That’s understandable. In the real world, none of us do either. The market is trying to understand what now. With the fiscal cliff dead ahead, who is...

The market voted on what it thinks of Obama winning last night’s election. Four more years. Market is saying it wanted Romney for those four years. You never argue with the message of the market. My feelings are being left...

Election day is tomorrow and it will get very interesting around here really soon. How the market will react is a complete unknown, although my guess is it will fall if Romney wins simply because he will let Bernanke go, and he...

While the market didn’t lose much in terms of price, it’s still in its correction as evidenced by the back test of the 20- and 50-day exponential moving averages today that saw selling off those key resistance...

The stock market spent the week struggling along as the majority of leading stocks fell due to bad earnings reports. The poor reports were pretty much across the board. Make no mistake, there were many very solid reports as...