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Author: Richard Hefter

Big Picture Still Bullish for LNG

From a big-picture perspective, the overall pattern in Cheniere Energy, Inc. (LNG) since mid-2008 has taken the form of a rounded, saucer-type base. This pattern for the past three months has been in the process of creating the...

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TBT in Final Down Leg

My near, intermediate, and longer term work are all screaming that purely from a technical perspective, the ProShares UltraShort 20+ Year Treasury (TBT) are positioned for one heck of a surprising sling shot move in the opposite...

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S&P 500 Breaches Channel Support

After over two hours of trading, let’s notice that the Emini S&P 500 (e-SPU) has reversed yesterday’s late rally and sliced beneath the June channel support line, now at 1329, and has continued lower to 1319.75...

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PBR Near Bullish Inflection Point

Let’s take a look at the big picture of Petrobras (PBR), which could be putting in the secondary low of a 3-1/2 year double bottom. There are multiple technical reasons that suggest PBR is at or very near an important...

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Alcoa May Retest June Lows

Yesterday, before Alcoa (AA) earnings, we wrote that the stock was in the grasp of a powerful, dominant near- and intermediate-term downtrend — and that un the absence of a huge positive “miss,” AA should head...

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