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Author: Richard Hefter

Mixed Session for the Indices

The stock market indices had a mixed session today, starting out with a big pop to the upside to new 2010 highs. They then rolled over hard, particularly on the Nasdaq 100, but when the S&P 500 failed to take out support,...

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Strength Continues in PBR

Petroleo Brasileiro (PBR) climbed above key near-term resistance at 34.30 on Monday, and the strength continues Tuesday, propelling the stock above more significant resistance at the prior significant rally peak at 35.19. The...

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Indices Rally Back to Close Mixed

The stock market indices started out the week in narrowly mixed fashion on the S&P 500 and the Nasdaq 100 and on very light volume. The day started out with a gap down and a very sharp sell-off that reached under 2210 on the...

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Key Technical Low for TLT

Based on my near-term as well as intermediate-term work, the iShares Barclays 20+ Year Treas Bond ETF (NYSE: TLT) established a very important technical low at 90.47 on Dec 15 off of the 109.34 high from Aug 25. That low was...

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Upside Pivot for AMAT

Applied Materials (AMAT) has pivoted to the upside this morning off of a near-term pullback low at 13.78, and now is pushing towards a test of yesterday’s high at 13.96. If hurdled and sustained this should trigger upside...

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