Author: Richard Hefter

The stock market indices suffered slight losses today, but the path was a bit tedious. They opened lower, bounced, and had a 5-wave move after the bounce that took them to new sessions lows slightly under support. Those falling...

This is shocking if you think about it. Straight down 50 points. Right at critical support after four straight gap downs, and at oversold on the 60-minute charts. It still is having trouble catching a bid where it needs to hold....

From a near-term perspective, the August advance in the UltraShort DJ-UBS Crude Oil ProShares (NYSE: SCO) has climbed sharply to and actually pierced above its May-August down trendline today at 14.85/90. Perhaps more impressive...

The stock market indices ended lower today, but came way off their lows as a big gap down and early selling thrust ended up being the session lows. They then bounced back in a 5-wave rally that took them right back up to...

The stock market indices suffered a very negative setback today, with huge opening gaps to the downside. They then plunged to lower lows, and by mid-day reached their session lows on the Nasdaq 100. They attempted a snapback,...

And the real world was the words Mr. Bernanke, our Fed leader. Love his honesty, if nothing else. He said yesterday that interest rates would remain between 0%-.25% for at least another year, which means 2-4 years, if you read...

My 4-hour chart analytics of the emini S&P 500 have morphed from a potentially bullish coil or triangle formation (Aug 5 into Aug 10 post-FOMC close) into a near-term top pattern that has triggered sell signals pointed...

The stock market indices started out with a very sharp loss early in the session as they had large gaps down and sold off sharply in the first half hour. They then staged a 3-wave rally back, rolled over and retested, but when...

And that’s all we need to get this market rocking higher. 1150 would be next, where an old gap lives, and then 1173. I know it seems impossible based on the fundamentals, but we have to play what we see. The fact that we...