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Author: Richard Hefter

Eye on AVL

Rare earth names are getting cheap. The only question is how much cheaper before Mr. Market considers them in a fire sale? For those of us who think that the rare-earth, or strategic resource, space is actually worth something,...

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Post-FOMC Reaction Initially Lower

About 30 minutes after the FOMC announcement, and we see that the initial knee-jerk reaction was a swoon from 1190 in the emini S&P 500 to a new intraday and three-day low at 1176.00, which violated key near-term support at...

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Apple’s Vertical Assault

While Apple (AAPL) has rocketed to new all-time highs during the past several sessions, the price action has not been confirmed by momentum. In addition, price strength has propelled the stock 20% above its 200-day moving...

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Downleg in Oil

Nearby NYMEX crude oil finally proved the chart work correct as it plunged from the upper portion of its September congestion pattern (89.00-90.00) to the lower portion (86.00-84.00). The decline from last Thursday’s lower...

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Eye on Kinross Gold

Kinross Gold Corporation (KGC) is having an interesting session, especially from a technical perspective. Today’s low at 16.40 in KGC represents a near 60% retracement of the prior up-leg from 15.07 to 18.29. The ability...

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Oil Under Pressure

After inventory data that showed a much bigger-than-expected reduction in crude supplies but a much bigger-than-expected increase in gasoline stocks, nearby NYMEX oil prices remain under a bit of pressure today (-$1.35). Purely...

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