Author: Richard Hefter

The stock market indices opened strong and reached new 2010 highs, but that was short-lived. A distinct 5-wave decline in an orderly channel resulted during the rest of the session, as the indices plunged just before the close,...

Today’s action in natural gas and in the U.S. Natural Gas Fund ETF (NYSE: UNG) argues for higher prices. Increasingly, the pattern that continues to unfold in the UNG since early October has taken the form of a rounded...

The stock market indices ended the day mixed and had kind of a sloppy session, starting out the day with a drop early on. They then bounced back, reaching resistance, but couldn’t get through, and then backed and filled...

And it is somewhat surprising when you consider just how overbought we are on those daily charts. We started off with selling today, and it looked like things could finally be coming together with respects to more sustained...

All of the action off of Friday’s high at 1224.50 in the emini S&P 500 exhibits corrective form, which “warns” us that when it is complete another upleg should be forthcoming that thrusts the e-SPZ to new...

What can I say about this market. It is resilient beyond words. The degree of overbought not mattering for the time being. We’re more than a bit overbought here folks. It’s at extremes. Many daily RSI’s in the...

The stock market indices really hung on well today and held support on three or four different tests at 2180 on the Nasdaq 100 and 1220 on the S&P 500. The day started with a move up and then a back off, but they came on...

The stock market indices had a huge up-day today, gapping up big time at the opening, pulling back slightly early on, and then reaching the session highs on the Nasdaq 100 early in the morning. After that they moved sideways,...

He sent that message loud and clear today. He wants the bond market to die. He wants the dollar to die, and he wants the stock market to rise in an effort to keep the economy on the road to recovery. Without a dead dollar and...