Night action was practically flatlining a little after 1 a.m., offering no hint of how DaBoyz might be fixing to cheat widows and pensioners on the opening. We’ll take another look after the bell, since something may have developed by then. _______ UPDATE (10:05 a.m.): Nothing — and I mean absolutely nothing – did happen, making this a great day to take off.
COMMENTARY for Friday
TODAY'S ACTION for Friday
Rick's Picks for Friday
Shortly after midnight, there weren't enough clues to try and second-guess Friday madness --only a minor downtrend with a flimsy-looking target at _____. Because it is derived from a pattern with a "sausage B," I wouldn't suggest that night owls go too far out on a limb to ...
Member-only content. Please Login or get a free trial of Rick's Picks to view.
It would be hard to say whether the tepid rally of the last three weeks has been more aggravating for bulls or bears, but the former should continue to use _____ as a go-ahead signal, since that's what it would take to turn...
Member-only content. Please Login or get a free trial of Rick's Picks to view.
The _____ target flagged here earlier remains valid, but please note that the futures are pulling back from within 3o cents of a lesser rally target at 59.77 that was reached earlier in ...
Member-only content. Please Login or get a free trial of Rick's Picks to view.
The September 84-May 84 call spread that we are long could have been exited yesterday for as much as 4.60, yielding a theoretical gain of $310, since our adjusted cost basis on the four spreads was 3.82. (That includes a loss of about $150 on a September 76 that we also held.) If you still hold a partial position, exit at will today -- presumably at a profit, since May time premium will be melting away to zero with each tick of the clock.
...
Member-only content. Please Login or get a free trial of Rick's Picks to view.
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 
A Murderer’s Row of Hard-Asset Advocates
by Rick Ackerman on May 15, 2009 12:01 am GMT · 12 comments
I’m in New York once again for the annual spring meeting of the CMRE, the Committee for Monetary Reform and Education. This group attracts men and women from the investment community who share your editor’s disdain for fiat money and other falsehoods promoted by Big Government. Here’s the line-up of speakers at tonight’s dinner, along with program notes on each:
James Grant, publisher of Grant’s Interest Rate Observer.. On the record for the importance of The Gold Standard, Grant suggests Mr. Bernanke be asked to explain how the central-banking » Read the full article