Author: Richard Hefter

The stock market indices started out the week on a down note, although they opened them strong with a little bit of a gap up and then immediately reversed. They sold off sharply until midday, rallied in the afternoon, and then...

It was only a matter of time before oil hit this market with the price of oil over $100 for this long. It has been trading well above $100 dollars per barrel for several days now with a spike near $107 per barrel pre-market...

Such an interesting week. If you remember last Friday’s report, I talked about whipsaw coming up in a symmetrical triangle. I don’t think anyone would argue that that’s exactly what we saw this week. The...

The stock market indices had a huge day today, gapping up from the get-go, and stair-stepping their way higher all day. Late in the day they did platform, and pulled back a little bit, but for the most part, closed not far off...

While crude oil waffles around between $103 and $100, let’s take a look at the big picture.  The big picture of crude oil prices (WTI futures) shows the bull move from the Dec 2008 low at $32.40 into the Feb 2011 high...

The stock market indices failed to follow-through on the downside today, and instead snapped back. From the get-go they rallied to overhead resistance to 2340 on the Nasdaq 100 and 1314-15 area on the S&P 500. They then...

And that’s all that is going on. Nothing more and nothing less. Nothing bearish at this point in time until the bears can remove 2722 on the Nasdaq and 1290 on the S&P 500. Those are the respective 50-day exponential...

The hourly chart of the Markets Vector Junior Gold Miners (GDXJ) has two powerful aspects to it.   One is that the base-like accumulation pattern that developed between early Jan and late Feb has propelled prices above its...

It was turnaround Tuesday as the stock market indices opened higher, and that was it. They went lower the rest of the session in falling wedges, but couldn’t break out of those wedges and closed near the session lows, just...