Author: Richard Hefter

The stock market indices started off with a big gap down early, and then dropped really hard early on before bouncing early in the morning and then retesting. When that was successful they started a rally that lasted the rest of...

The market uses excuses to get its dirty work done. It tells you when things need to happen by using news to move in a certain direction, even if that same news a month or so back would have done nothing to move it. When a...

The question is will it stay that way. The Nasdaq has made a clear handle bottom at yesterday’s gap down low reversal at 2733. The top is clear at 2815. An 82-point range which makes sense. Three percent gives the market...

The stock market indices ended the week narrowly mixed, but had some swings in between. The day started out with a big gap down. They moved down sharply, tested key support, held, and then bounced sharply. They narrowed to...

Despite commodity bashing by Goldman Sachs again this morning, oil prices remain relatively buoyant. Right now my pattern and momentum work in the U.S. Oil Fund ETF (USO) indicate that a significant correction ended at...

The stock market indices closed mixed today, but had a wild ride. They opened lower, went down very sharply, took out support on the S&P 500, and dropped all the way down to the 1302 1/2 area, right near my second area of...

After whipsawing to the downside to 4.06 immediately after this morning’s inventory data, natural gas futures have reversed sharply to the upside and pierced key resistance around 4.20/21. Natural gas made a significant...

The bulls were rocking. Nasdaq 2808 looked to be a slam dunk in terms of breaking through. Time after time the bulls tried and time after time the bears said not now. The gap is too tough for you. The bulls finally did go away....