Author: Richard Hefter

The stock market indices were quite volatile today but in narrow ranges for most of the session, although early on they gapped down, rallied back sharply, and then went into a coiling-type pattern for the rest of the session....

Market is overbought short-term but there are no sellers for now. The positive divergences on the MACD on the daily charts on the S&P 500, Dow, and Nasdaq are keeping a bid in the market. Even poor retail sales numbers this...

The stock market indices had an excellent and very bullish session today. They started out with a sharp gap up, ran sharply in the morning with the S&P 500 taking out yesterday’s highs, although at that point the...

And so it goes…. Yesterday I saw some strong set-ups across the board on individual charts along with some compressed MACD?s and positive divergences. Figured it was time for the market to go up. Due to poor performance I...

Let’s notice that the iShares FTSE/Xinhua China 25 Index (NYSE: FXI) peaked at 46.66 in November 2009 and was in the confines of a coil-like corrective pattern into the series of May lows near 36.60/25. Since early May,...

The stock market indices started off the day with a bang, gapped up, pulled back, tested support successfully, and then really had a strong morning run that took them to the session highs above 1820 on the Nasdaq 100 and near...

I haven’t seen a set up this good for quite some time. After studying the charts this morning I would have guaranteed a short-term rally was 100% in the cards. No ands, if, or buts about it. Strong divergences setting up...

Much to discuss with lots of different possibilities here, although I will tell you exactly what I think, of course. I won’t take the low road and give you 30 maybes so I can’t be wrong. I’ll lay out the...