Author: Richard Hefter

The stock market indices suffered a down day as profit-taking set in mid-morning after the indices opened strong. A 3-wave decline ensued, breaking key short-term support and testing secondary support before bouncing late in the...

Are we having fun yet? It sure did feel good for the bulls as we rallied hard off the most recent lows that scared everyone who has ever been associated with the stock market. We went from the end of the world to what a...

The market started out with a bid somewhat higher based on words from Intel Corporation (INTC) late yesterday. They said things look strong for years to come. How do they know that? They probably don’t but that’s...

The stock market indices had an afternoon sell off, which put them in negative territory as the Tuesday turnaround effect took place, but the rally did reach new snapback rally highs up near the 1966 1/2 level on the NDX and the...

There are many things to talk about tonight. We can look at the very short-term and extend out to the medium and even somewhat longer-term to see if there are any important messages out there we need to pay close attention to....

The Market Vectors Gold Miners ETF (NYSE: GDX) emerged from a 5-month accumulation pattern today, as it gapped-up above 51.10/20, and has continued to an intraday high at 52.75 so far. Let’s notice, however, that the 5...

The indices had a fantastic start to the week with a huge gap up at the opening due to foreign markets being sharply higher and futures very sharply higher. The indices ran a little bit from there, and then backed and filled the...

Well, what a day for the bulls. The EU and the IMF got together over the weekend and supplied all the bad European economies with one trillion dollars of funds to make sure no one defaults and that everyone is happy....