Tuesday, September 8, 2009

The One Trading Myth You Should Know…

– Posted in: Links, Rick's Picks

From one Brian Heyliger, editor of Market Trigger Alert, I received a promotional letter -- "The One Myth About Trading You Should Know" -- that deserves to be widely shared. It offers some very useful tips on how to get your mind right for trading regardless of what system you use : I want to tell you […] Read More

Night Baseball

– Posted in: Rick's Picks, Thought for Today

Index futures were off slightly Sunday night, but so far it looks like the kind of stage-managed weakness that buyers use to determine the level at which selling dries up.  However, a pop above 1031.00 in the E-Mini S&P would give DaBoyz' game away, leaving shorts to run for cover […] Read More

UNG – U.S. Natural Gas Fund (Last: 9.59)

– Posted in: Free, Side Bets

Look at Friday's rally on a daily chart before you get too excited.  This glue horse would need to print 10.76 today to give bears reason to be nervous. Upside potential for the moment looks to be only 9.74, but bulls would get a recharge if they can push that Hidden pivot resistance aside […] Read More

DIA – Diamonds (Last:94.50)

– Posted in: Current Touts, Free, Rick's Picks

We took a small speculative position on Friday's close, buying four September 93 puts (DAVUO)  for 0.86 apiece. I'll recommend closing them out at-the-market if the Diamonds are trading 94.60 or higher an hour into the session. Otherwise, you can offer two to close for 1.16, day order. _______ UPDATE (11:22 a.m.):  The post-Labor Day surprise we'd anticipated was not to be, so we exited our puts for 0.63, realizing a trading loss of $92 on the position.  The fact that the market passed up a perfect chance to  catch investors with their pants down and is headed higher on the first day of the new season suggests that it will continue in bullish mode for a while, at least.  If we are to look now for an "October Surprise," the trick will be to determine which would be the more surprising: a melt-up or a melt-down?

DXY – NYBOT Dollar Index (Last:77.99)

– Posted in: Current Touts, Free, Rick's Picks

Considering that the Dollar Index broke down decisively in early August by smashing the watershed low at 77.69 recorded nearly nine months earlier, the action recently has been pretty copacetic. It suggests that the dollar is being easily supported at these levels, but only because there are no sellers bold enough to challenge the central banks' resolve. If and when that happens -- signaled, perforce, by a two-day close beneath _____ -- the futures will be on their way down to at least ______, the nearest Hidden Pivot of significance on the dailychart.  Otherwise, it'll take a pop to ____ to turn the daily chart bullish for the first time since last February. 

GCZ09 – Comex December Gold (Last:998.00)

– Posted in: Current Touts, Free, Rick's Picks

With the G-20 meeting coming up in Pittsburgh at month's end, a breakout by gold above $1000 right now would be about as welcome as an elephant stampede at a garden party. This should therefore be an interesting month, since, if the central-bank conspiracy to suppress gold prices should be operating at full strength in the weeks ahead.  I'll stick with the ______ minimum upside target nonetheless, but I'm making no guarantees above that Hidden Pivot.

ESU09 – E-Mini S&P (Last:1019.25)

– Posted in: Current Touts, Free, Rick's Picks

The futures are off a couple of points Monday evening, but they've already divulged buying interest by trading a full point above the 1022.00 midpoint resistance show in the chart. If they should break decisively above it on Tuesday, that would signal upside potential over the near term to as high as _____ -- equivalent to a _____-point rally in the Dow.

Global Middle Class Glimmers in Distance

– Posted in: Commentary for the Week of March 8, Free

Recently, I told the story here of Louis Piro, a Mountain View barber who made millions by plowing every dollar he could save into the shares of growing companies that paid generous dividends. Following is another uncharacteristically bullish column that I wrote for the Sunday San Francisco Examiner around that time, in the late 1990s. […] Read More


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Master the Secrets
of Hidden Pivot Analysis

The laser-like accuracy of Rick Ackerman’s forecasts are 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.

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