Author: Richard Hefter

The plot thickens for the rally off of Tuesday morning’s low at 1003 on the near-term point and figure chart, as the emini S&P 500 makes another marginal new high at 1071. That’s the lower portion of my...

The stock market indices had another excellent up-day today, although the road to those gains was a bit choppy. The session started with a gap up and a nice follow-through of yesterday’s gains. However, the indices pulled back...

We gapped up today after yesterday’s big move higher. This was critical for the bulls in that they needed to show follow-through from their big day yesterday. The fact that they gapped things up today was very interesting....

My overall work on the UltraShort Real Estate ProShares (NYSE: SRS) indicates that the upmove from the Jun 21 low at 24.07 to the Jul 6 high at 32.20 completed the initial upleg of a larger, intermediate-term advance.  If...

As the second day of this shortened trading week, today could be considered “turnaround Tuesday.” The stock market indices opened strong and kept running all day. Only a mid-morning consolidation, and a bullish one at that,...

It has been occurring for years. When the daily index charts get down to 30 RSI we seemingly always see a strong bounce take place. We hit those magic 30 RSI levels yesterday on the lows with the Nasdaq printing 28 while the Dow...

The stock market indices had an up-day today, but it was disappointing. The session started out with a big gap up. The indices ran to overhead resistance near 1765 on the Nasdaq 100 and as high as 1042.50 on the S&P 500. A...

So why would I write such a thing with the bears so fully in control of the markets, you ask? Because this is where the bears keep losing control of the markets. I’ll explain. Outside of the 2000 bear market, which was the...

It’s a rare time indeed when the major daily index charts stay oversold. When RSI’s hit 30 and stochastic’s hit 7 across the board and we go lower you know you’re in a bear market. This is what we dealt with...