Author: Richard Hefter

Cisco (CSCO) acts extremely strong, but is approaching a challenging resistance area around 19.00. The stock today has rocketed from around 18.00 towards a test of its key Nov-Dec resistance plateau, now at 18.95 (up to 19.05)....

2011 was clearly the year of the bull. Why, you ask? Think about it, folks. This market was hit with a tremendous amount of bearish news from all over the world. Europe in terrible shape with many of the Eurozone countries...

Although right now we only have anecdotal evidence that that SPDR Gold Shares (GLD) might be making a significant multi-month corrective low in the vicinity of 148.50/25, all of my timeframe work from 5 minutes through the...

The market getting back up to the breakout area of 1267 on the S&P 500 looked so promising if you’re a bull. We headed into the holiday weekend with breakouts that were the talk of the stock market world. The bulls...

Despite last week’s rally in the major trader/broker banks, let’s notice that none of the upmoves in Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) inflicted significant damage to the...

One week ago the market was closing in on breaking down below S&P 500 1225. It failed to hold the breakdown once it occurred as the bears just couldn’t find any momentum once the level was taken out. A slow grind lower...

When markets are in bull mode you don’t see what we saw today. First of all, you don’t see the healthiest stocks, really any stocks for that matter, get annihilated on an earnings report. There is room to have bad...