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Author: Richard Hefter

Indices Close Near Resistance

The stock market indices had a volatile morning, opened with a sharp gap lower, rallied back sharply on the Nasdaq 100, but couldn’t match that on the S&P 500 and Dow, and rolled over to new session lows on the S&P...

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Upside Reversal for Bank of America

The 4% upmove today in Bank of America (BAC) after it hit lows not seen since May 2009 (on the way up) so far looks technically significant. My daily and hourly pattern and momentum work on BAC suggest strongly that the most...

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Another Positive Start to the Week

The stock market indices started the week out on a positive note, although a last half-hour sell off took back a chunk of the profits. The day started out with a gap up and strong early morning rally that took the Nasdaq 100 to...

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Upside Acceleration for Shanghai

The Shanghai Composite Index rocketed to new post-July highs today, which should continue to benefit names likes Arch Coal (ACI), Walter Energy (WLT), and Freeport-McMoRan Copper & Gold (FCX). After consolidating for four...

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