Author: Richard Hefter

The stock market indices had a pretty nasty session, particularly on Nasdaq today. Nasdaq gapped down, rallied in a bear flag motion, and then plunged the rest of the day in a stair-step fashion. The S&P 500 rallied more...

It’s all about 1315 and 1370. 1370 being the old highs and 1315 being the trend line from the old lows. Anything that takes place in between is simply noise. But my job is to try to figure out which way things will break,...

The market had a tough close to the week. The number of headaches for this market is starting to add up. The market spent the week testing key support and finding a way to hold above it. 1335 S&P 500 is horizontal support...

The stock market indices had a definitive down day today with an opening drop early on cracking support. They then snapped back sharply, failed at resistance, and then rolled over very hard, taking the Nasdaq 100 from 2406 down...

The stock market indices had a spectacular comeback session today after early losses. The day started out as the indices opened lower, then went down sharply, tested key support, and then bounced. A 5-wave advance ensued as the...

The stock market indices suffered pretty strong losses today on confirming technicals. The day started out with a move up on the Nasdaq 100, but the S&P 500 barely moved. At that point they pulled back, went to lower lows on...

The bears have dreams. Oh, to see those levels get eaten away one by one. Fantasy is nice, and maybe someday it’ll come true, but for now it remains a dream unfulfilled. Everyone keeps talking about market death these...

Let’s notice that today’s action in the emini S&P 500 initially climbed above yesterday’s high at 1356.50 (to 1358.25), but then reversed sharply into a nosedive that so far has pressed to 1334.75, which is...