Here’s a note that I posted in the chat room shortly after this morning’s opening-bell sell-off: The weak selloff looks like accumulation. There must have been some weakly bearish news overnight — not bearish enough to be worth selling on its own, but because DaBoyz had the ES up by such a large amount based on no news.
COMMENTARY for Monday
TODAY'S ACTION for Monday
Rick's Picks for Monday
Sellers turned timid after bullying the futures down to within three ticks of a key low at 885.00 recorded in mid-March. The support looks much too obvious to work, and so we should prepare for more weakness this week down to at least ...
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The futures were chomping on the bit Sunday night, grinding away at an 844.50 resistance noted here last week that should have withstood more punishment. Any further upside would need to surpass...
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The futures were sinking fast Sunday night, bound for a minor Hidden Pivot support at _____ that can be bottom-fished with a three-tick stop-loss. Be prepared to jump out of harm's way if the stop is hit, however, since that would be signaling more downside to ...
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March's powerful thrust has the potential to produce a follow-through to as high as _____, but buyers will likely need to consolidate for another 5-8 days before they're ready to run. ...
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At the peak of Friday's rampage, the short squeeze in Goldman had gained 65% from early March's lows. Our target most immediately is 120.34, but if the stock gets past it by more than 20 or so cents, look for the rally to continue ...
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Rick Ackerman is the editor of Rick’s Picks and a partner in 
A Health Subsidy Keynes Would Love
by Rick Ackerman on April 6, 2009 1:57 am GMT · 3 comments
A recent story in the Wall Street Journal explained how the newly jobless may be eligible for employer-sponsored health insurance coverage at drastically reduced rates. Sounds like good news, right? Not if you’re an insurance agent. In fact, it’s a kind of reverse stimulus for those who make their living selling health coverage. Until now, a substantial portion of their business came from workers who had recently lost their jobs, since many newly » Read the full article