Author: Richard Hefter

The stock market indices started the week on a sour note with a big down gap, and had a hard time rallying all day. The market did firm up mid-afternoon only to rollover in the last hour. Net on the day, the Dow was down 130.78...

That rising trend line has actually been broken to the down side, but the psychological level of 1315 is holding up for the moment. No arguing that the bears are making their move over the past couple of weeks. It took many...

Last Wednesday we told subscribers that the day’s upmove in WTI crude oil futures from $95 to $101 was not the start of a new upleg. We noted that the pattern exhibited on the daily chart since the May 7 at $94.63 to...

That’s the best word I can use to describe this market. It’s shifting from acting as a bull to more of a bear, or better yet, a correction in the making. Upside is becoming more strained. The bulls are...

The stock market indices had another up day today, but the path was volatile. They opened higher, went to the session highs on the S&P 500 and morning highs on the NDX. They then came down in a 3-wave decline, broke minor...

Still no breakdown. Not close today. Close yesterday, but not close today. The first attempt at losing 1315 S&P 500 was met with strong buying off a 1318 low yesterday into today. The bears got close. They smelled success,...

The stock market indices had a mixed session at the close, but it took a strong 5-wave advance from around noon to the end of the day — where they closed near the afternoon highs going away — to bring the indices...

The rounded two-month base pattern in the ProShares UltraShort Oil & Gas ETF (DUG) has broken out to the upside for a second time in May, which should gain additional upside traction on the way towards my next optimal target...