Author: Richard Hefter

There is no denying that this market, and more importantly, this economy, is in some very big trouble. The fundamentals are in terrible shape. Two reports on manufacturing (NY State and Philadelphia) this morning were worse than...

The stock market indices ended mixed today, but had a volatile path to get there. They started the day out moving down, bounced a little bit, and then moved sharply lower, taking out key support on the indices, but secondary...

The stock market indices ended near the zero-line today and were mixed and choppy. The day started out with a move up off the opening, followed by a quick pullback that held support, and then they were off to the races again....

WOW!!!! Fed Bernanke came out and said the economy won’t recover for five to six years. When did he suddenly get so enlightened?!! He didn’t know that until now? He didn’t see this coming? Seriously? He went...

The stock market indices had a stellar day on Tuesday and extended the rally sharply. The day started out with a gap up. They pulled back, backed and filled, and then popped until mid-day to the morning highs at 1844 on the...

And yes, it is overbought on the short-term charts. A pullback of 15 or so S&P 500 points can occur at any moment in time, or possibly even a bit more. It seems that the positive divergence on the MACD at the lows, along...

The stock market indices managed to eke out a gain today, but the path to those gains was a little choppy. The day started out with a sharp move higher. The Nasdaq 100 got to 1831.62 and the S&P 500 got up to 1080.78, and...

The earnings season is upon us and tonight we saw the first important group of stocks report. The two most important being Alcoa, Inc. (AA) and CSX Corp. (CSX), a leading railroad shipper of goods. CSX said things weren’t...

The stock market indices spent most of the day consolidating, and by mid-afternoon were in an extremely narrow coiling-type action. But that did resolve itself to the upside, and they rallied into the close and closed at the...

The market reached levels of oversold (30 RSI and a 2% bull-bear spread) that has led to a short-term rally. The rally has been good in terms of price but not so good in terms of volume and having the Nasdaq lag well behind the...