I’m headed for NYC right now, and my late-afternoon flight is of course delayed. Expects touts for Tuesday a bit later than usual, then — around 2 a.m.
COMMENTARY for Monday
TODAY'S ACTION for Monday
Rick's Picks for Monday
Gold has unfinished business above these levels, since last week's choppy rally fell about $8 shy of a target I'd broached at ____. Price action Sunday night evinced the usual gratuitous hysterics, but there was nothing very promising on the intraday charts that I could recommend to night owls. We can use ...
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Friday's headline rally may have looked impressive to the news media, but most chartists would not have failed to notice that it didn't quite get past Thursday's highs. That could still happen today, but for the time being we have inferred reticence on the part of buyers that could conceivably turn into outright weakness in the days ahead. Sunday night action suggested DaBoyz were uncertain about which direction they would maneuver stocks next; however...
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The futures have taken a tentative bounce from within five points of the 119^10 Hidden Pivot support that I'd flagged last week as a potentially important low. The minor uptrend that has ensued so far projects to 121^28, but the June contract would first need to get by its midpoint sibling at 121^04 to challenge the higher resistance. The less delicately this scenario unfolds, assuming ...
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We hold four September 84-May 84 call spreads with a cost basis of 3.82. We will be cutting it closer than I had imagined in trying to come away with a decent profit, but it should be easily possible if the Diamonds get drawn lower this week, passing once again through the "equator" at 84. The position leaves us somewhat frontspread, since the May calls that we are short will pick up deltas more rapidly than the Septembers we are long if ...
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What Recovery?
by Rick Ackerman on May 11, 2009 12:01 am GMT · 2 comments
Hopes that the U.S. economy may be emerging from the Great Recession went viral over the weekend, leaping from the pages of the Wall Street Journal into the headlines of every small-town paper in America. Here in Boulder, Colorado, amidst a prom season that saw at least a few kids forego the traditional stretch limousines in favor of parental chauffeurs and, omigod, shuttle buses, the business section of The Camera led with a story about how » Read the full article