Author: Richard Hefter

Overnight we heard from China that their economy was slowly but steadily starting to improve. Nice news, even if it’s not true, thus, their market went higher allowing our futures to rise in sympathy. Our futures stayed...

It was a good week in terms of unwinding overbought oscillators and for knocking down some of the excessive optimism that has been growing steadily for many months. It reached as high as 29.75, more bulls-to-bears, two weeks...

And that’s really good news if you’re bullish on the market. It’s unhealthy to stay overbought for too long as you have to sell at some point to alleviate some complacency and constant 70, or higher, RSI...

It’s exciting to talk about a powerful pullback these days. I can understand it as we are overbought, at least almost so now, and we are getting a bit complacent, although not too much so. The market has stalled, and it...

Let’s start with oil. The price of oil started creeping up, it seems, in anticipation that Mr. Bernanke would do QE3. It was moving closer and closer to 100$ per barrel. Not a good sign for a clean break above 100$ had the...

The answer to the question in the title is tough to answer. Normally things are very technical. You can look at the charts on many different time frames and figure out exactly how much the market needs to sell, or rise,...

A lot of anticipation is the way to explain the week that just passed. There were two major events to come as the week wore on. Apple Inc. (AAPL) was going to introduce the IPhone5 on Wednesday, while everyone, and I mean...

It was interesting over the past several days to watch traders sell off Apple Inc. (AAPL) ahead of their big announcement today on their new iPhone. Normally Apple rallies hard into their announcements on new products. But this...

You wait for a moment that tells you it’s likely you’re nearing a short-term top, and today, we possibly saw that top as the market went after stocks it hasn’t touched in months, and it nailed them in a very...

The market is doing what all good markets do, and that’s to keep doing what the masses think it shouldn’t do. The real bears just can’t understand, and who can blame them, why the markets keep chopping higher...