Author: Richard Hefter

The market hung in there today hoping that Mr. Bernanke would somehow bring more good cheer and free dollars down the chimney, but that wasn’t to be at all. He said the same nonsense he’s been saying for a long time....

Oversold. That’s the word on the short-term charts, yet the market was threatening to break decently, or let’s call it forcefully, below the 50-day exponential moving average, which sits basically right on 1430. The...

You probably expected a much more dramatic title, but there’s nothing bad going on here. The market is barely down off the recent highs, so a pullback of a few percent doesn’t mean very much. Things look worse than...

I have spoken often about looking for signs about what type of market we’re in. One clue is to watch how the market handles bad news that comes from just about anywhere, especially earnings. We had a disaster last night in...

Yes, two simple numbers, but two numbers that are very critical to the stock market. Why? It’s simple really. 1441 is the 20-day exponential moving average while 1426 is the 50-day exponential moving average. The S&P...

After yesterday’s failure by the Nasdaq to hold the 50-day exponential moving average, it seemed likely some selling would continue on today as the bears had to be feeling good about themselves. The Dow and S&P 500...

Yes, it is boring and really no fun. But it is what it is, and it serves a bigger picture purpose that in the short run feels bad psychologically. I understand and get that completely. It doesn’t change the fact that...

The market has made a nice move off the bottom this past week, but when it ran into the highs that had thrown a gap lower, and a black candle preceding that, it failed. It could not get through that gap. It could not get above...

It does get boring when you have to deal with a market that whipsaws about on a daily basis. But the real question is what is the message that this whipsaw is representing. Some would interpret this as bearish behavior, while...