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COMMENTARY for Wednesday
Rick's Picks for Wednesday
Shortly before 11 p.m. Tuesday the futures were probing for support that seemed most likely to materialize at _____, a minor Hidden Pivot support that can be bottom-fished with a three-tick stop-loss. The support is not chopped liver, so you can take an overshoot ...
Having bought two April 130 calls the other day for 1.34, we can offer two April 135 calls short risklessly. Let's ty to sell them for 1.14, day order. If successful it will extend the range over which our existing position would be profitable while reducing its cost. ...
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For educational purposes, and to make a little money, we'll attempt to leg into a far-out-of-the-money calendar spread -- the September 260-May 260 put spread. A single spread has the potential to produce a profit of as much as $4,000 between now and September, but if we play our cards right our risk could be no more than a tenth that....
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The futures were in a labored uptrend, inching toward a minor target at 894.10 around 2:40 a.m. This Hidden Pivot can serve as a minimum rally objective for night owls, but if it's exceeded by more than $1, the next meaningful threshold would be at ...
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Rick’s Picks is a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Rick Ackerman is the editor of Rick’s Picks and a partner in 
‘Goldman Indicator’ Points Higher
by Rick Ackerman on April 8, 2009 2:29 am GMT · 0 comments
Our “Goldman Sachs indicator” got caught in a tug of war yesterday, rising in the early going even though most stocks seemed eager to retreat. Goldman shares eventually fell too — in the final minutes of the session — but not before hinting that bulls could have the last word before Good Friday ends this trading week a day early. Notice in the chart below how Goldman’s peak yesterday occurred two cents above last Friday’s high, 119.76. Two cents may not sound like much, and many chartists would probably read yesterday’s high as a » Read the full article