Author: Richard Hefter

In theory, the commodity mining, producer type names should perform well in an environment of dollar weakness. Such is the case with Freeport-McMoRan Copper & Gold (FCX). FCX is pushing up towards a retest of its prior...

The week started off with a soft session, but many of the stocks we traded today had a good session. That likely occurred because the stock market indices opened with big gaps down and then rallied sharply. The opening gap on...

The kids being the children that run this country and pretend to care about what’s good for the average person out there. Over the weekend, those children stood toe to toe and pretty much said, it’s your fault....

It is interesting that the EUR/USD is circling unchanged this morning while spot gold price continue to climb in reaction to the ongoing impasse in the U.S. debt ceiling debate. You would think that if the desperate elements...

The market has spent nearly two days trying to figure out what to do with S&P 500 1345, or major resistance, that if cleared, opens the door to a retest of the old highs at 1370. The bulls would love to get that high, and...

The stock market indices ended mixed today. The Nasdaq 100 was very strong, with the S&P 500 slightly higher, although the Dow was lower. The day started out with a move slightly up. They came down hard on the NDX in...

My technical work in Amazon (AMZN) continues to “warn” me that AMZN has unfinished business on the upside and that its pattern is “missing” another upleg into the 222-225 target zone, and possibly to...

The stock market indices had another very strong session today. Most of the gains were had by midday, and the afternoon was spent consolidating, holding up very nicely indeed. There was a strong surge from the get-go taking the...

Despite some soft China PMI data overnight, U.S. Steel (X) is up nearly 1% as it climbs towards a retest of key trendline resistance at 45.25, which if hurdled should trigger upside continuation towards the top of its May-July...

Gaps above and gaps below. Both sides have set up camp by putting in gap ups and gap downs. Two on each side. Why not. Make things more difficult than they already were. The market seems to be trying to unwind overbought...