Author: Richard Hefter

Why? Because the 60-minute charts, which were oversold are no longer oversold, yet there was no upside action as things wound back up. You want to see the market blast up from oversold on those 60-minutes charts. We went from...

The stock market indices ended the week on a flat to mixed note, but had some intra-day gyrations. The day started out down, snapped back to resistance, and rolled over to the session lows within the first 90 minutes or so. Then...

The iShares 20+ Yr T-Bond ETF (NYSE: TLT) continues to trade in a high-level coil-type pattern that is putting increasing upward pressure on the 100.00 resistance plateau amidst deteriorating economic data, an uncertain business...

Last night we got shocked two times. Two stocks that never fail as far as I can remember both warned on their earnings reports. The month of May, once again, the culprit to these warnings. Bed Bath & Beyond, Inc. (BBBY) and...

The stock market indices suffered another nasty spill as they opened lower, stair-stepped down, made new decline lows, and then from mid-morning to mid-afternoon staged a 3-wave snapback rally. All that did was get back to the...

On Tuesday morning at this time, the emini S&P 500 was around 30 points higher than where it is now, which placed the index above the 200 and 20 DMA’s, a much stronger technical position. Now we notice that the e-SPU...

The market waited anxiously to hear what Fed Bernanke would say today about the state of the economy. He told us all that the economy, in a word, stinks. He said a lot of negative things mixed in with a dash of this and that,...

The stock market indices had a volatile session as the FOMC made their announcement and caused even more volatility. The day started out with a move down, moving sharply lower to the 1860 range on the Nasdaq 100 and 1085 on the...