Author: Richard Hefter

The stock market indices ended the week with a bang, with a very strong multiple-session rally off of the earlier week’s lows.  That rally saw the Nasdaq 100 jump from under 1760 to over 1870, 110 points, and the...

This week saw some good things happen for the key indexes. The S&P 500 and Nasdaq both cleared their 20-, 50- and 200-day exponential moving averages from underneath. You don’t see that take place all that often....

My pattern work is warning me that all of the action in crude oil off of the Aug 25 low at $70.76 is a digestion period of the major downleg from the Aug 4 high at $82.97 to the Aug 25 low at $70.76. If that proves to be an...

The stock market indices had a strong start, consolidated mid-day, and ended the day with a very solid surge to close at the session highs going away and right at key overhead resistance near 1090 on the S&P 500 and 1840 on...

The stock market indices gapped up sharply at the opening as foreign markets were higher. With economic news coming out and interpreted as not being as bad as anticipated, the indices gapped up to resistance, backed off briefly...

Good news from overseas (China) gave our market a lift with regards to the futures over night. Economy there is doing very well. Our markets held on to their gains as things opened up, but there was a real headache staring us in...

The stock market indices ended mixed at the close, but had a rocky road. They started out with a sharp move downward, testing key support at 1040 on the S&P 500 and near the 1755 area on the Nasdaq 100, and then rallied back...