Author: Richard Hefter

The stock market indices had a topsy-turvy session, opening sharply lower, rallying immediately, and retesting the earlier week’s highs on Nasdaq 100 over 2000 at the 2002.50 level. The S&P 500 at that point had...

And that’s about all one can say. It is expected that this level would hold the first test as the bulls fought long and hard to take it out. Unfortunately for the bulls, it was taken out at the same moment the market got...

The stock market indices did suffer a pullback, but the losses were moderate. The day started out with a move to the upside, a strong surge that snapped back to resistance but failed quickly, and rolled them down hard. By late...

The two-week upmove in the euro/U.S. dollar from 1.2640 to 1.3440, or 6%, has the right look of a completed or nearly completed upmove, which we notice thrust above its channel resistance line earlier today, but has since...

The stock market indices had a very volatile day, especially after the FOMC announced that they kept rates unchanged. The morning was spent with the indices moving back and forth on the Nasdaq 100, holding support. The S&P...

Nearby crude oil prices are under pressure again today, and are putting pressure on key near-term support levels at $73.10/00, at $72.75 (9/17 low), and possibly at $72.20 (major trendline from Jan ’09 low). While the...

The stock market indices started the week off with a bang and followed through brilliantly on last week’s rally, gapping up from the get-go and exploding early on short covering. They consolidated mid-day, and then ran...

It seemed as if it would never happen, but the bulls refused to let thing get away from them as the bears put up their front at that critical resistance level. Sure we sold off many times from 1131, but never hard and never for...

The hourly relationship between the Volatility Index (VIX) and S&P 500 (SPX) is acting strange. On the one hand, the SPX has thrust to new recovery highs off of the July low today, yet as we speak the VIX is at 22.12, much...