Author: Richard Hefter

The market has been gravitating higher slowly but surely, no question. Over the past many weeks it had set up shop between the gap top low at 1262 and the 1278 as its high. A few tests down at 1262 looked like a breakdown was...

This morning’s announcement by the Bank of China to allow U.S. trading firms and individuals to open accounts (in its NY branch) to buy and sell yuan might have signaled a significant move by Chinese authorities to let the...

The stock market indices had another up day today, but it didn’t look like it with two hours to go, as the indices were at their session lows. They then snapped back over the last two hours to close positive on the session. The...

The bears tried today to take this market down yet again. Give them an A for effort, but an F for results. For now that is. This failure doesn’t necessarily mean their attempts are over, and that they won’t soon...

The stock market indices ended mixed today, but they sure looked higher for most of the session. After a gap down took them to sharply lower lows early on and tested key support on the S&P 500 at 1262, they then bounced...

Although the iShares MSCI Germany Index ETF (EWG) has experienced a 5-6% decline during the past week, my pattern analysis argues that all of the action off of the Nov 4 high at 24.92 represents a sideways, bullish digestion...

The stock market indices suffered small losses to close out the week, but came way back from steeper losses by midday. The day started out with a move down. The indices then snapped back, failed to make new highs, and then...

It’s a great market. Hanging tough day after day. Give credit to the sustainability of this beast. However, you have to start recognizing when things are far more risky and dangerous. This is that time. This does not mean...