Author: Richard Hefter

The stock market indices managed to close positive on the day with a late afternoon rush after basically consolidating most of the day. It was a day spent moving back and forth and in fairly narrow ranges. They reached down to...

You have to scratch your head in disbelief. How can this market hold up with such a terrible Jobs Report? The jobs created were basically 100,000 below expectations, and the unemployment level ran up to 9.8% when 9.6% was...

The stock market indices had another excellent day today starting out with a surge at the get-go. They pulled back in the morning, but the S&P 500 held up better than the Nasdaq 100, and at that point they snapped right back...

If we choose to view the Nov-Dec pattern in the S&P 500 emini contract (e-SPZ) as a big “W,” then the upside projection from the base-like “W” identifies two optimal measured objectives: 1) 1226/29,...

The stock market indices jumped with a big gap at the opening, and then ran hard in the morning after some strong economic news. They reached their highs just before noon, and then pulled back or consolidated the rest of the...

And that’s the reality of this stock market, even though today felt really good. I respect and understand the emotions behind a market this good, but you have to keep in mind that all we’re doing short-term is...

The stock market indices suffered another down day today, and were particularly weak on Nasdaq. The indices opened with a gap down, bounced back sharply, and then hit higher highs midday on the S&P 500, but couldn’t on...