Don’t look for me in the chat room later this morning, since I’ll be celebrating Passover at a morning minyan. To those of you who observe this Jewish festival holiday, may I extend my cordial greetings and best wishes for a joyous seder. Concerning the markets, I have forecast a dull end to the week but there is something to do in Microsoft nonetheless — the first Pick of the Day trade I’ve offered in a while.
COMMENTARY for Thursday
TODAY'S ACTION for Thursday
PICK OF THE DAY for Thursday
If Microsoft were going anywhere other than lower in the months ahead, it would have surpassed early February's 19.93 high on the last thrust. Instead, the rally sputtered out at 19.89. Accordingly, Let's try to build a relatively low-risk, bearish option position for the long term by calendar spreading a far-out-of-the-money strike. Start by bidding 0.68 for four...
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Rick's Picks for Thursday
There was nothing the least bit impressive about yesterday's upthrusts, although shorts should be wary of bullish seasonality ahead of the long holiday weekend. At the bell, the futures looked bound for 833.75, just eight points above ...
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Gold spent yesterday in gratuitous spasms that added nothing to the short-term bullish case. A murky Hidden Pivot target at 896.00 can be used as a minimum rally objective, but I wouldn't recommend shorting there. Getting to that resistance...
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INTRADAY TRADING NOTES for Thursday
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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 
Why Only Fools Think the Bottom Is In
by Rick Ackerman on April 9, 2009 3:00 am GMT · 11 comments
The back-of-the-napkin numbers sketched out below are the handiwork of our good friend Doug B., a stockbroker who not only helped his clients dodge the bullet of recession/depression, but who also brought them some tidy returns on their portfolios last year. Doug got his clients out of stocks and heavily into Treasurys before the latter took off in 2008, and he has since redeployed the proceeds aggressively in municipal bonds. During our lunch together on Wednesday, he presented a very persuasive case as to why » Read the full article