March 12th, 2010
Published Daily
COMMENTARY for Thursday

If Dollar Is Bottoming, Killer Deflation Is Next

by Rick Ackerman on May 28, 2009 1:49 am GMT · 19 comments

Has the dollar put in an important low? It looks like it, since the NYBOT Dollar Index widened the gap on Wednesday between it and a key Hidden Pivot support at 80.04 that we drum-rolled here earlier. We had been using that number as a downside target since late April, when DXY was trading just above 84; it was first touched last Friday, then exceeded by a scant 0.23 points before bouncing back. Now, if the dollar is indeed embarking on a major rally in line with our forecast, stocks are likely to fall, and gold and other precious metals to come under pressure, for the foreseeable future.  These new trends may have begun to emerge yesterday, since the Dow Industrials fell 173 points and Comex June » Read the full article


TODAY'S ACTION for Thursday

One More Sign of a Turn…

by Rick Ackerman on May 28, 2009 5:03 am GMT

An important Hidden Pivot rally target in July Crude yields yet one more clue that a major turn could be at hand in numerous vehicles that we follow. Please note that two of today’s touts are actionable.


Rick's Picks for Thursday
$ = Actionable Advice + = Open Position
Current  Actionable  Open
All Picks By Issue:

ESM09 – E-Mini S&P (Last:892.25)

by Rick Ackerman on May 28, 2009 3:42 am GMT

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GCM09 – Comex August Gold (Last:947.80)

by Rick Ackerman on May 28, 2009 4:14 am GMT

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GS – Goldman Sachs (Last:140.39)

by Rick Ackerman on May 28, 2009 4:34 am GMT

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CLN09 – July Crude (Last:62.94)

by Rick Ackerman on May 28, 2009 4:58 am GMT

A timely heads-up: July Crude lies within a blip of a Hidden Pivot rally target at 64.27 that is just 45 cents above yesterday's recovery high. The target has been more than three months in coming, so it could mark an important top. Traders can short this one with a stop-loss as tight as 21 cents. That's the minimum needed in this vehicle when initiating positions at Hidden Pivot swing points. _______ UPDATE (2:45 p.m.): The futures blew past the target and should now be presumed bound for at least _____, a Hidden Pivot associated with a lesser "extension pattern" that is running its course. ...

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