Author: Richard Hefter

The market doesn’t fool around when it gets angry. It’s certainly a reminder of how things are going around the world both fundamentally and politically. How often do we see a 512 point down day on the Dow, 136 on...

Purely from a near-term pattern perspective, the most recent down-leg in the ProShares UltraShort 20+ Year Treasury (TBT) from 28.43 to this morning’s low at 26.69 appears to be carving out a falling wedge formation, which...

This was a wild and wicked week for the bulls. They saw losses not seen in a very long time. A day where the Dow was down 512 points. On that same day, the S&P 500 was down an amazing 60 points, while the Nasdaq was down an...

It was a bloodbath on Wall Street today as the stock market indices opened with a big gap down, moved sharply lower all morning, then finally had a midday snapback rally, which failed at resistance, rolled over, tested support,...

My near and intermediate-term work in Amazon (AMZN) has the right look of a price structure that has completed a significant upleg from its June low at 181.59 to its July high at 229.25. Let’s notice that the most recent...

As bad as the stock market was yesterday, that’s how exciting it was today with the indices closing at the highs for the day going away. The day started out with some very negative action, and although they dipped early on...

It looked really bad for the bulls today early on. The market opened flat, but then blasted down as the early morning moved along. The Dow was down over 150 points, and the S&P 500 was trading over one percent below the...

The stock market indices had a terrible Tuesday today as the indices got crushed, especially in the last hour when they got slam-dunked into the close. The day started off with a gap down, and then a little bit of a bounce. They...