Author: Richard Hefter

Nearby NYMEX crude oil futures have the right look and the requisite underlying internals to suggest that yesterday’s low at 93.42 and this morning’s low at 93.81 ended the decline from the July 26 high at 100.62. If...

The stock market indices started out the week with a very volatile session with a gap up in the morning on positive news over the weekend, immediately reversing, going sharply south, particularly when the ISM came out with a...

After all that’s gone on the market is holding where it has to hold. We got the news everyone wanted over the weekend. The two sides agreed upon a very unhappy package that, basically, both sides said it wasn’t what...

After last week’s plunge in reaction to a minor downward guidance adjustment (it does not take much these days), Silver Wheaton (SLW) has rebounded strongly and held its gains during today’s crazy volatile session....

There is much to discuss, but let’s start with the news that’s on everyone’s minds. We all know those two annoying words by now. Debt ceiling. Yes, the debt ceiling and its daily annoyance to...

The stock market indices had a topsy-turvy day, running up hard in the morning, and coming up to key overhead resistance at 2400 on the Nasdaq 100 and the 1315-16 area on the S&P 500. They pulled back down in what looked...

Lately, with the debt ceiling negotiations usurping everyone’s thought processes, excitement about last week’s powerful upmove in the financials and banks has faded into the background. Purely from a technical...

The stock market indices suffered steep losses today with big down gaps at the opening and a very sharp sell-off in the morning. They reached below 2380 on the Nasdaq 100 and 1311 on the S&P 500 before a snapback attempt...

The market is telling the world to listen up carefully. Don’t be foolish. Get your act together. Work together. Lose your egos. Do what’s right for the American people, or the market will tell you just how wrong you...

My intermediate-term pattern work in Caterpillar (CAT) off of the March 2009 low at 21.71 into the May 2011 high at 118.00 indicates that after a correction, a new upleg should emerge that propels CAT to new bull market highs...