Author: Richard Hefter

Snapback Session By Harry Boxer, www.TheTechTrader.com The stock market indices started with a gap up today, but quickly sold off reaching new pullback lows on the Nasdaq 100 in the 1992 area. At that point the S&P 500...

Often times, when a market has had a rather large move up or down, it will need time to consolidate the move. To digest, it if you will. The market has made an enormous move higher since early February. A two-month plus move...

The stock market indices had a decisively negative session today, gapping down from the get-go, snapping back in an early rally try but failing at resistance and then rolling over hard. By mid-day they bounced to test resistance...

Only the Nasdaq out of all of the major index charts is now still above its 20-day exponential moving average. It’s above by just a few points thus its hanging by a thread. Not likely to hold. The S&P 500, Dow and...

I have no idea where the ProShares UltraShort Financials ETF (NYSE: SKF) might close, but the chart structure below argues strongly that a significant double bottom at 16.68 and 16.94 is in full development, and is now putting...

The stock market indices opened strong, reached new 2010 highs early on at just under 2060 on the Nasdaq 100 and just under 1220 on the S&P 500. At that point they backed off, backed and filled for several hours, tried to...

One thing about those inverse head and shoulder patterns that have taken months to form is that they often make their exact measurements or at least get within one percent of that measurement over time. We have the Nasdaq with a...