Author: Richard Hefter

It is fascinating to me that USD/Yen (dollar up, yen down) hit its most recent rally peak at 94.80 on April 5 – two weeks ago – and looks like it completed a correction at yesterday’s low of 91.60. What is so...

The stock market indices started the day and the week with a gap down, followed by a bounce to key 2-day resistance. When they couldn’t get through, the indices rolled over hard, sliding sharply from 2019 to 2088 on the...

And thus the theme of this bull marches on. Selling is never met by additional selling and, of course, some day it will as a larger pullback that will be necessary and normal. However, we just can’t get any follow-through...

I am surprised by the action in the UltraShort Financials ProShares (NYSE: SKF). Why? I was mentally prepared for the SKF to open higher, make a new high for the upmove off of Friday morning’s new bear market low- and then...

Friday ended with a real negative thud as the indices made a decisive downside thrust, perhaps breaking the back of the current trend. We’ll see what kind of downside follow-through we get. The stock market indices started...

I said over and over, what the market needed was a catalyst to get some real selling going. Where was the catalyst going to come from? Day after day all we had was good news on both the economic front and on the earnings front....

Purely from a near term technical perspective, my work argues that earlier this week the UltraShort Financials ProShares (NYSE: SKF) ended “something” on the downside, and now is in the heart of an initial...

The stock market indices started the day with a strong upmove right from the get-go. After a brief pullback, they came on very strong, hit more new 2010 highs at 1214 on the S&P 500 and over 2040 on the Nasdaq 100. They then...

Well we finally have some bad news tonight as we have the earnings numbers from Google (GOOG) and Intuitive Surgical, Inc. (ISRG). Both are down big after hours, especially GOOG. ISRG is down roughly 15, and GOOG down roughly...