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Author: Richard Hefter

Retail ETF Shows No Sign of Peaking

The SPDR Retail ETF (XRT) is one heck of a bullish chart, which includes names like Whole Foods (WFMI), Sears (SHLD), OfficeMax (OMX), HSN (HSNI), Netflix (NFLX), Dress Barn (DBRN), and Family Dollar Stores (FDO). Purely from a...

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Buying Opportunity in Ford?

Today’s spike low at 12.34 in Ford (NYSE: F) looked and felt like near-term panic liquidation, which sometimes creates meaningful buying conditions. Thus far, since the opening hour of trading, such a scenario appears to...

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Gold on the Move

The SPDR Gold Shares (NYSE: GLD) gapped up this morning, and prices have exploded to the upside, above the Jan-Apr resistance line at 111.50 and above that prior rally peak at 112.18 from March 3. Gold prices certainly had to be...

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Volatile Session Closes Mixed

The stock market indices turned lower from the get-go with a downside gap. But they immediately stabilized and rebounded and moved steadily higher in a neat, orderly channel until early afternoon when they accelerated to the...

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New Upleg for Cisco

My near- and medium-term pattern work argues that Cisco (CSCO) ended a correction from the 3/25 high at 26.85 into last Thursday’s low at 25.66, and has since embarked on a new upleg that should hurdle 26.85 on the way to...

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