Author: Richard Hefter

My work in nearby NYMEX oil argues that current weakness should violate Friday’s low at 97.65 on the way to a press into the 96.00 area, where the price structure should make an attempt to hold and pivot to the upside,...

The week was full of many events that had effects on the behavior of the overall stock market. Most of the action in the stock market was very surprising. It was surprising to the bears, and to the bulls, as both must be shaking...

It is no coincidence that the next and probably the most highly anticipated Euro-zone Summit is scheduled right in the timeframe for a low in the 5.5 month (122 day) cycle in spot gold prices. Within a cycle of such length, the...

Is this crazy or what! This morning, very early on, the Dow futures were up 96 points. Those futures held well overall, until a spokesman from Germany put out a statement that it seemed there would NOT be a resolution for the...

All of the action in Bank of America (BAC) off of the Dec 5 high at 5.95 has taken the form of a bullish coil pattern. If accurate, this argues for upside continuation that projects next to a confrontation with BAC’s...

The Dow and S&P 500 were up against their near-term down trend lines at 12,200 on the Dow and 1265 on the S&P 500. The market was churning there for hours, but not falling very much. Yes, the 60-minute short-term charts...

I will show you those charts tonight to give you some idea as to what they look like technically. They are really fabulous charts that show bullish engulfing sticks. You rarely see sticks like that, but then again, how often...

Acme Packet (APKT) has come off of its intraday high of 36.07 along with the overall market. My stop is at 35.19, which is at the lower end of the near-term breakout-support zone. My intraday profit target of 36.19 represents a...