Author: Richard Hefter

It’s an old story already. The market remains in its confirmed up trend that has been in place for several months now. The bears keep thinking the story is over, yet the market keeps telling them otherwise. The moment we...

The stock market indices ended up on the upside today, but had a difficult path. They started out with a gap up and ran to new highs on the S&P 500 just under the 1190 area, at 1189.43. The Nasdaq 100 jumped to 2106.24. But...

Nearby oil prices look like they are carving out a top formation off of the October 7 high at $84.43. In particular, the series of lower highs on each rally since the October 8 decline is dictating the unfolding pattern. As long...

The stock market indices had another very good session today. They gapped up at the opening, ran to resistance, backed off resistance, but held support. They then came on and blew through resistance to tag 2100 on the Nasdaq 100...

What can you say about this market that hasn’t already been said a lot over the past few months. It has incredible staying power with all dips being bought, no matter how nasty the dip is. Yesterday we saw the Dow down...

Let’s notice that natural gas futures are in the midst of a potent recovery rally from yesterday’s low at 3.395 to this morning’s high at 3.593 so far (+5.9%). Meanwhile, the U.S. Natural Gas Fund ETF (NYSE:...

The stock market indices opened with big gaps down today, fell sharply lower, but did rally back in the morning to take back about half the losses, but that was a 3-wave corrective-looking rally. Then they rolled over late...

No one will argue that it’s inappropriate for this market to sell off here. 70, or higher, RSI’s abound on all the major daily index charts. The NDX as high as 77 today. That’s just unsustainable for a very...