August 2009

Jeffrey Rogers Hummel has written one of the most provocative and insightful essays I have read concerning why the U.S. is more likely to default than attempt to hyperinflate Treasury debt into insignificance.  Click here  to access the essay. Here's an excerpt: "It is not literally impossible that the Federal Reserve could unleash the Zimbabwe option and […] Read More

From Theodore Dalrymple, writing in City Journal, an eloquent and insightful essay about how an age of loose money not only destroys savings, but also corrodes character.  Click here   for the full essay. An excerpt: "But asset inflation—ultimately, the debasement of the currency—as the principal source of wealth corrodes the character of people. It not […] Read More

Stock-chart overlays almost invariably stop working when we have them called to our attention in an e-mail, but it must be conceded that S&P 500 does look to be closely following a trail blazed by the Nikkei 225. If the coincident patterns continue, it would imply that the U.S. bear rally begun in November is just starting […] Read More

I suggest looking for a camouflage entry opportunity if and when the futures hit 1034.00. That's the midpoint resistance of a pattern projecting to 1046.00.  The opportunity could come Sunday night or in the first minutes of Monday's session, so be ready!

Gold did all we asked of it Friday and now looks like a good bet to achieve a minimum ____.  The target is shown in the 180-minute bar chart at left. If the futures are indeed ready to move, any correction Sunday night or Monday morning should hold at or near the _____ midpoint shown in the chart. 

We missed buying the stock last week, but it may be ready to head lower than originally forecast. To prepare for this possibility let's bid _____ for 5000 shares. That's just above a Hidden Pivot support at _____ that looks like a logical place for a bullish reversal.

We hold the Jan 130 - Oct 130 put spread four times for 3.40 and are long one September 170 call acquired on Friday for 2.00. This is a very slight backspread, with moderate premium exposure over the next three weeks. Our goal is to sell the call on a quick pop to reduce the carrying cost of the put spread. The call also makes us approximately delta neutral -- long the equivalent overall of about five shares of stock.  Goldman looks like it could push up to _____ if it can get past a lesser Hidden Pivot resistance at _____.

We hold 16 December 12.50 calls for an average 0.45 apiece.  Offer half of them to close for 0.75, good-till-canceled.  You should also offer eight December 15 calls short for 0.45,  good-till-canceled. My immediate upside target is _____, but if the stock closes above that Hidden Pivot for two consecutive days it would be signaling further potential to as high as _____ over the next 3 to 5 weeks.

Gold performed well on Friday, validating a 978.00 target flagged here last week.  In line with our bullish expectations for bullion, I've suggested a strategy to reduce the premium risk in Silver Wheaton, in which we hold 16 out-of-the-money calls […] Read More

Because we never shared investors' wild enthusiasm for Cerberus, its near-collapse in recent days hardly came as a shock. The once-huge private-equity firm specialized in distressed assets at a time when even the bluest of blue-chip companies - the name Lehman Brothers springs to mind - have fallen into mortal peril literally overnight. Cerberus's biggest […] Read More



Rick weighs in on today’s markets with the Korelin Economic Report Thursday Aug 20 Click here

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Seminar Information page.

The laser-like accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.

Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.

Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.

The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.

The next webinar will be held on Tuesday, October 13. Click below to register or get more information.

Knowledge Base Link

An introduction to the Hidden Pivot Method

This 9-minute video explains Rick's trading and forcasting method.

Rick's Picks Calendar