Author: Richard Hefter

The stock market indices rocketed higher today after an early morning dip in a strong 3-wave rally. The indices had a superior turnaround session as earlier losses were wiped with a strong morning rally. They did get a midday...

The evolution of a market is never easy to fully understand as there can be so many “obvious” messages built in. It’s obvious we’re this, or it’s obvious we’re that, when in truth, nothing is...

Now that the e-mini S&P 500 has recovered just about all of yesterday’s late-session plunge (18 points), what if anything does the big-picture candlestick chart tell us? Let’s notice that the rally peak last...

One thing the bears need to do to gain solid control of this market is to get a back-test gap failure off the 200-day exponential moving average which occurred today at the open. The only problem for the bears is the gap,...

The stock market indices were quite volatile in the morning, opening sharply lower and then bouncing sharply higher. The Nasdaq 100 made new rally highs at that point just under 1880, but the S&P 500 did not make new highs,...

My near- and intermediate-term pattern and momentum work in the iShares German Index Fund ETF (NYSE: EWG) argue that all of the action from the Oct ’09 high at 23.40 into last Tuesday’s low at 17.97 represents a...

A great day on Thursday from deeply oversold conditions allowed the bulls some hope that the market would shortly move back through that nasty confluence of resistance on the S&P 500 where 1101 is the 200-day exponential...

The one thing that prevented us from shorting the last few days although the action was poor overall, was the very oversold condition of the MACD’s on all the major index charts. Just so far compressed down that the market...