Author: Richard Hefter

With NYMEX WTI and BRENT OIL up $2/bbl, the U.S. Oil Fund ETF (NYSE: USO) is acting well. The USO sure does look like it’s breaking out to the upside from its month-long sideways digestion area, which my work argues...

The stock market indices had another up-day today. The day started out with a big gap to the upside. The indices then sold sharply, but held support, and then came on again to new highs for the entire rally by midday. In the...

Asia has been on the path of trying to shake off the disaster in Japan. A huge move up last night in this area of the world ignited the futures higher in Europe, which then moved our futures higher as well. We were able to hold...

Apart from whether or not President Obama actually lays out a natural gas program in today’s speech, my technical work on iPath DJ-UBS Natural Gas TR Sub-Idx ETN (GAZ) is “warning” me to expect higher prices...

The stock market indices staged a dramatic snapback rally after plunging early on following negative economic news. The indices rallied very sharply with the Nasdaq 100 going from 2291 and change to 2325. That was about a...

The stock market indices started the week off on a positive note early in the morning, particularly on the S&P 500. But when the Nasdaq 100 failed to follow-through on the new SPX highs, the indices rolled over in the...

Day after day we seem to hang in there better than most would expect when you looks at things fundamentally. We have global problems. Japan has to deal with nuclear fallout after dealing with a major earthquake and tsunami. We...

The stock market indices had another up day to close the week, although they gave back a chunk of their gains in the afternoon part of the session when the indices pulled back in orderly channels. But it looked more constructive...

A tough group these bulls. They don’t like to give things too easily. Just when it looked like things would fall apart as they lost those 50-day exponential moving averages, they fought back strong and took those levels...