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Rick's Free Picks

$MSFT – Microsoft (Last:510.05)
Microsoft’s deftly engineered short squeeze minutes before the opening bell on Friday slightly exceeded the 516.95 target we’d been using to stay confidently on the right side of a heavily overextended trend. The top was fleeting, volumeless and not just a little sleazy, creating a possible top that could endure

$TLT – Lehman Bond ETF (Last:85.38)
A crucial Hidden Pivot support at 83.53 doesn’t look long for this world. Last week’s dive came within 66 cents of it, but the bounce so far has been too feeble to suggest the uptrend will continue. But bulls would need to exceed July 10’s ‘external’ peak at 87.05 to

CLQ25 – August Crude (Last:66.71)
Right on cue, Bloomberg.com splashed an article on its front page over the weekend explaining why the price of crude has been so subdued in the face of potentially severe supply disruptions in the Middle East. Turns out the world is awash in oil, the article explained — not just

TLT – Lehman Bond ETF (Last:84.55)
We should know soon whether Silver’s mini-explosion upward, the second in three months, is just another false start. From a Hidden Pivot perspective, the selloff of the last two weeks is not as bearish as it seems. It triggered an attractive ‘mechanical’ buy on Monday when it touched the green
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THE MORNING LINE
Is Obama About to Get His Comeuppance?
The stock market continues to waft higher with the riskless predictability of loaded dice. DaBoyz have trained their firepower on just a few high-flyers, chiefly Microsoft and Nvidia, in order to squeeze the broad averages skyward with an absolute minimum of capital. I’ve explained here before in exhaustive detail how this carnival midway trick is performed, beginning with a short-covering gap on most mornings that precipitously reverses overnight selling after it has dried up.
Putting aside the fakery and tedium of the seemingly endless bull market, along with the Epstein saga and Trump’s tiresome tariff antics, the most interesting story in the news last week was Tulsi Gabbard’s tweets implicating Barack Obama in treason. Although Biden, frequently photographed slurping an ice cream cone, would seem to have a lock on Worst President Ever, it is Obama who will go down in history as the leader who did America the most harm, all of it deliberate.
A Years-Long Coup
Treason is not too strong a word here, although we shouldn’t get our hopes too high that his punishment, assuming he is charged and convicted, will fit the crime. When he summoned Comey, Clapper and Brennan to the Oval Office on December 9, 2016, they had already stated publicly there was no evidence Russia had interfered in the 2016 election. Despite this, said Gabbard, Obama directed them to fabricate a new narrative asserting that the Russians had in fact worked behind-the-scenes to help Trump beat Hillary.
The three men and their staffs proceeded to reverse their findings, said Gabbard. Then, two weeks before Trump took office, they “unveiled the new, Obama-directed politicized assessment, a gross weaponization of intelligence that laid the groundwork for a years-long coup intended to subvert President Trump’s entire presidency.”
Gabbard, the director of national intelligence, said she has turned the matter over to the Justice Department for action. Can a former president be prosecuted? The Supreme Court has already ruled against Trump on this question, concluding that presidents have no immunity for “unofficial acts,” a category that would surely include conspiring to discredit a political foe. If Comey, Clapper and Brennan go down but Obama somehow dodges the bullet, we can rest assured he is unlikely to evade the severe judgment of historians and posterity.
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If you are looking for trading recommendations and forecasts that are precise, detailed and easy to follow, look no further.-
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