Author: Richard Hefter

This is common in bull markets, especially when the market won’t sell off when everyone is expecting it to. We are overbought. We do have some negative divergences on the daily chart and we do have eroding sentiment...

Last night I talked about the area of critical support on the S&P 500 being the 20-day exponential moving average or 1187. 1185 also being strong horizontal support. We got down to 1190 today on the lows after some very bad...

The stock market indices staged a fantastic late rally in the afternoon, taking back all the morning losses from the sharp gap-down at the opening and downside follow-through early on. In the morning they rallied and took back...

Despite a very strong opening and an early rally that tested the 2010 highs on the Nasdaq 100, the stock market indices sold off sharply, bounced around and did rally late in the day, but ended mixed on the day. The day started...

First let’s spend some time talking about sentiment. It’s important to understand how to read it, and more importantly, to understand that although it is a signal, there is no exact timing mechanism to it. Just...

The stock market indices started out with a pop from the get-go with strong futures, then rolled over hard early on, held support, and rallied sharply to new snapback rally highs, reaching as high as the 2027 area on the Nasdaq...

Which is exactly what you want to see when things are all right in the world. If the S&P 500 or Dow is leading, it tells me the market wants less risky plays, which is never a great thing. Good to see after a slow start this...