Author: Richard Hefter

With some help from a Goldman Sachs research upgrade and conviction buy of Monsanto (MON) this morning, the chemical-fertilizer section, in general, and Mosaic (MOS), in particular, have attracted some sympathetic buying, as the...

A rally hit Wall Street today as the stock market indices gapped up big at the opening and ran sharply in the morning, reaching 2390 on the Nasdaq 100 and 1320 on the S&P 500. They then backed off, consolidated for 2-3 hours...

Yesterday we noted that Amazon (AMZN)’s failure to follow through to the downside multiple times in the session followed by a recovery rally effort intraday suggested it had ended its two-week correction. AMZN’s...

The stock market indices started out the week with a down move, although they did rally back in the afternoon to cut the losses in half. The day started out with a thrust to the downside.  They then snapped back and...

Sometimes it’s tough to write a newsletter. In times such as these, you can basically throw out much of what I’m about. The technicals are my world, and that’s tough enough at times, but when the market becomes...

If the directional overlay of the big money center banks — i.e., JP Morgan (JPM) — on the ProShares UltraShort 20+ Year Treasury (TBT) is any gauge, then the mature downtrend in both JPM and the TBT is poised for a...

The stock market indices suffered more declines today. That was after an initial rally took them to test the intraday initial resistance level at 2370 on the Nasdaq 100 and 1327 on the S&P 500. But then they sold off...

Within an otherwise increasingly nervous and uncertain trading environment, Teck Resources (TCK) exhibits a very constructive and potentially powerful pattern. All of the action off its July 5 high at 53.60 represents a...