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Author: Richard Hefter

Eye on SRS

I am looking to re-enter a long model portfolio position in the UltraShort Real Estate ProShares (NYSE: SRS) into weakness, if we get any. Should such a scenario unfold, then the SRS should pull back into the 28.50/00 area in a...

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New Pullback Lows

The stock market indices started out the day with a strong surge, pulled back in an orderly fashion, and then made new highs by late morning. At that point they backed off and began a stair-step process over the next several...

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Watching 1045 on the Emini S&P

For no particular reason other than it was overdue (certainly), the Emini S&P 500 (e-SPU) this morning staged a recovery bounce in the aftermath of its 99.25 point plunge off of the June 21 rally high at 1129.50, though has...

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Extremely Negative Session

The stock market indices got smacked hard, particularly at the opening when they gapped down big time, dropped sharply right after the opening gap, and did try a snapback rally which failed at initial resistance. That was the...

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Breakdown in Shanghai

After spending six weeks in a sideways, coil-type of pattern at the bottom of its August 2009-June 2010 bear phase, the Shanghai Composite has broken down into new bear-market low territory Tuesday. In fact, the SH Comp declined...

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Downtrend Still Intact

The stock market indices ended the day on a sour note, slightly in the negative column, but spent the day vacillating. The day started out with a move down to new lows on the Nasdaq 100; however, the S&P 500 did not confirm...

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