Author: Richard Hefter

You try to find the silver lining in things as often as possible as long as you don’t let it affect adversely when it comes to the truth of things. So the reality is the market isn’t wonderful, but the oscillators on...

Today spoke volumes about the type of market we’re in right now. It’s a market that can’t break out, seems to be clear to all of us now. A market that has been moving laterally is more of what we’re...

After a recovery of $12.75, or 3.4%, from Tuesday morning into early trading today, Apple (AAPL), as viewed on our intraday point-and-figure chart, is taking a breather. Based on my pattern and momentum work, any weakness off of...

From an hourly perspective of the SPDR Gold Shares (GLD), all of the action off of the Nov 8 high at 175.46 has carved out a high-level bullish coil formation, which (if it is bullish) should resolve itself to the upside in a...

It’s painful mentally. We don’t go anywhere. So many head fakes. There are many days, such as last Friday, that get you to thinking the breakout is upon us. There have been many days where you’d bet the house...

Things looked really hopeless this week once we got through the trading day on Wednesday. The Dow was down nearly 400 points that day when news overnight spiked their yields well over 7% to 7.50%. Anything over 7% is considered...

Cisco (CSCO) has hurdled its major resistance line from April 2010 (27.74), which cut across the price axis this morning at 18.71. The price structure also has met its optimal target off of the Jun-Oct 2011 base formation, at...

For no apparent reason, Apple (AAPL) has plunged beneath key three-week support at 396-93, which has triggered long liquidation into the 385 area so far. However, to satisfy a large swing corrective decline, the current down-leg...