September 23rd, 2014
Published Daily
HP Seminar Information page.

With the G-20 meeting in Pittsburgh just two weeks off, we didn’t expect gold’s widely anticipated push past $1000 to be a piece of cake. Indeed, Bernanke & Friends are probably throwing everything they’ve got at gold right now to suppress its price. And for all we know, Uncle Sam has loaned every ingot (supposedly) in Fort Knox to carry-traders at J.P. Morgan and Goldman Sachs. The ability of these well-connected bullion bankers to borrow more or less unlimited quantities of physical gold is for them even better than a license to print money, since money itself is most surely not what it used to be. The feather » Read the full article


TODAY'S ACTION for Thursday

A little boring, but…

by Rick Ackerman on September 10, 2009 12:13 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.


Rick's Picks for Thursday
$ = Actionable Advice + = Open Position
Hidden Pivot Calculator   Education Page
All Picks By Issue:

ESU09 – E-Mini S&P (Last:1036.25)

by Rick Ackerman on September 10, 2009 12:01 am GMT

The futures look like they are still on track for a predicted surge to 1053.00, although the bullish argument would weaken if they haven’t accomplished this by Friday.  Although the September contract failed to push past some key, late-August highs near 1038.00, most of the action took place close to those highs and well above the meatiest part of the supply zone beneath them. Night owls can try bottom-fishing at 1029.75, a midpoint pivot, using a stop-loss no wider than 1.00 point. If the trade works, consider taking partial profits or implementing a trailing stop as early as 1033.00. _______ UPDATE (1 a.m.): The pullback went no lower than 1030.75, missing our bid by a full point. Signs now point to a minimum 1040.00, or 1044.00 if any higher. Either can be shorted by scalpers using a very tight stop-loss, but you’ll be on your own thereafter.

HGZ09 – December Copper (Last:2.9050)

by Rick Ackerman on September 10, 2009 12:01 am GMT

The futures blew past a 2.9048 midpoint resistance so easily that we should infer that the 3.0695 Hidden Pivot target with which it is associated is very likely to be achieved.  A pullback to the midpoint should be viewed as a buying opportunity, but I’d wait for the turn higher, assuming it comes, so that you can board on a “camouflaged” signal.

GS – Goldman Sachs (Last:174.14)

by Rick Ackerman on September 10, 2009 12:03 am GMT

Our offbeat “strangle” in Goldman is starting to work, since the September 170 call we bought for 2.00 traded as high as 3.40 yesterday.  Its purpose was to slightly leverage the upside, thereby lowering the effective cost of four Jan 130 – Oct 130 put spreads that we also hold (for 3.40 apiece). Today only, offer the call to close for 5.60.  If the order fills, it will reduce our cost basis on the spreads to 2.50. _______UPDATE (10:50 a.m.):  With Goldman up more than $4 so far this morning, bucking a lackluster stock market, we easily sold the call for 5.60. Do nothing further for now.

GCZ09 – Comex December Gold (Last:994.30)

by Rick Ackerman on September 10, 2009 12:11 am GMT

The short-term picture would turn mildly menacing if December Gold were to print down to 981.40 today. There were no promising handholds for nightowls as of 7:10 p.m., but I’d suggest looking on the 5-minute chart if you are seeking camouflage to get long with a penny-ante stop-loss.

$JPM – JP Morgan Chase (Last:60.91)

by Rick Ackerman on September 23, 2014 2:16 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$TLT – Lehman Bond ETF (Last:73.15)

by Rick Ackerman on September 23, 2014 2:06 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$ESZ14 – Dec E-Mini S&P (Last:1985.50)

by Rick Ackerman on September 23, 2014 1:34 am GMT

Yesterday’s price action was unsatisfying from a technical standpoint. The futures fell relatively quickly to a Hidden Pivot target at 1984.50 that I had identified in the chat room. Although they subsequently exceeded it by two points, there was no follow-through to the next at 1978.25 (which will remain viable, and potentially tradable, for night owls). This suggests that shorts are as nervous as ever, and evidently uncomforted by the ominous divergences that have cropped up in such key technical indicators as the NYSE Advance/Decline Line and the Highs/Lows summation. All we can do from a trading standpoint is play it by the book. Most immediately, this means bottom-fishing at 1978.25 (a two-tick stop-loss is recommended).  If a bear market is in its preening stage, we should begin to see corroborating signs immediately, to wit: 1) downtrending ABC patterns should start overshooting their D targets in patterns of all degree; and, 2) abc rallies should start failing to reach their D targets.  Whatever happens, we’ll be watching carefully for signs of a pick-up in selling.

$SLW – Silver Wheaton (Last:21.39)

by Rick Ackerman on September 22, 2014 8:23 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$SIZ14 – December Silver (Last:17.535)

by Rick Ackerman on September 22, 2014 8:12 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$+RGLD – Royal Gold (Last:64.06)

by Rick Ackerman on September 22, 2014 12:01 am GMT

The stock’s low on Friday occurred just 0.03 from the 65.91 target I’d projected during Thursday’s impromptu technical-analysis session. Because this looked like a great trading opportunity to me, I made it explicitly clear during the session that I was very confident RGLD would achieve the target. However, I hadn’t imagined the stock would fall so sharply — more than 4% — that it would accomplish this in a single day. I also said I was very confident that a tradable bounce would occur from the target.  It did, and the bounce so far has been 54 cents — sufficient to warrant taking a partial profit on any longs bottom-fished at the low. Although the bounce was bullishly impulsive on the very lesser charts, RGLD has come down so hard that I wouldn’t count on the support to hold for long. In any event, if you did the trade, perhaps even shorting to the target as I’d suggested, please let me know in the chat room so that I can provide tracking guidance for the position that remains. ______ UPDATE (Sep 22, 8:23 p.m.): Sellers crushed the support after it held for just a day, implying more weakness is coming. If so, we should expect a test of support near the 58.86 low recorded  in late May.

$DJIA – Dow Industrial Average (Last:17266)

by Rick Ackerman on September 19, 2014 1:52 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$YHOO – Yahoo! (Last:42.71)

by Rick Ackerman on September 17, 2014 5:28 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.

$SNIPF – Snipp Interactive (Last:0.2562)

by Rick Ackerman on September 5, 2014 3:05 am GMT

I first touted Snipp Interactive back in January, when it was trading around 0.15. Although the stock subsequently fell to a dime, it has since rallied sharply, settling at 0.2562 yesterday. This is one of my favorite stocks, and I came away from a conference call with its CEO, Atul Sabharwal, eager to sing their praises. During that call, I hit Atul with my best idea, a sweepstakes-type promotion, but he was already three steps ahead of me, able to cite, for one, New York State’s rules and costs for exactly the type of marketing scheme I’d suggested.

Full disclosure: I hold 100,000 shares plus warrants to purchase another 50,000 shares.  But I hope that won’t discourage you from performing your own due diligence, since you are likely to be as impressed as I was when you find out what the company has been up to. For me, at least, Snipp (OTC: SNIPF) perfectly satisfies Peter Lynch’s rule that investors favor companies whose strengths and methods they can understand. Snipp does interactive marketing that allows clients to track results in real time. The results have been sufficiently impressive that the company has been attracting blue chip clients with little difficulty. Read more about SNIPP by clicking here.

From a technical standpoint, although the stock’s chart history is thin, it’s possible to project a near-term rally target of 0.2730. A tenet of Hidden Pivot analysis is that an easy move through such targeted resistance implies there is unspent buying power percolating beneath the surface. This is not a “hot tip;” indeed, Snipp’s story does not lend itself to the kind of hubris that will result in a $10 billion IPO. But it is an aggressive and imaginative pioneer in a rapidly developing niche, and its CEO has the kind of imagination, intelligence and energy that inspires confidence. _______ UPDATE (Sep 22, 8:30 p.m.): The stock has continued to rally, and the closest Hidden Pivot target is now 0.2668.  If that Hidden Pivot is exceeded on a closing basis for two days, however, a target at 0.3474 would be in play.

$+TSLA – Tesla Motors (Last:279.20)

by Rick Ackerman on September 3, 2014 5:30 am GMT

Tesla’s strong rally has turned the Oct 3/Sep 5 calendar spread into a solid winner. The spread is currently trading on a bid/asked of 4.50/5.07.  This means subscribers who bought the spread for as little as $1.00 last week could have quintupled their stake. The most paid for it would have been about 1.54. In any case, I’ll suggest offering half of the eight spreads to close today for 4.70. We’ll plan on rolling what’s left on Friday by covering (buying) back the September 5 300 calls we’re short and shorting the Sep 12 300 calls at the same time. ______ UPDATE (10:40 p.m. EDT): The stock’s push to an intraday high at 291.42 made the spread an easy sale for $5.00+, so I’ll consider the order filled.  Now, roll the four spreads that remain into the October 3 /September 12 calendar as detailed above. _______ UPDATE (Sep 7, 10:31 p.m.): The midway price on the spread intraday was 2.30. Imputing the premium to the four October 3/September 12 calendar spreads we now hold would zero out the initial cost of 1.54 and add 0.76 to the real-time value of the spread.  We’ll plan on rolling the spread again on Friday by selling the September 19/September 12 call spread (and thereby covering the short Sep 12 300s), but for now do nothing further. _______ UPDATE (Sep 15, 12:54 a.m.): I’ll use a 0.37 price, midway between the intraday high and low, as the spread price unless I hear from someone in the chat room who did better or worse. Imputing this new premium income to our Nov 22 / Sep 20 spread gives us a CREDIT cost basis of 1.13, for a guaranteed minimum profit on the position of $452. That would be in addition to whatever the Nov 22 calls fetch when we exit them.

+GDXJ – Junior Gold Miner ETF (Last:35.04)

by Rick Ackerman on September 2, 2014 12:03 am GMT

 Member-only content. Please Login or get a free trial of Rick's Picks to view.


SIDE BETS for Thursday

DXY – NYBOT Dollar Index (76.98)

by Rick Ackerman on September 10, 2009 12:01 am GMT

My minimum downside expectation is still 76.05, a Hidden Pivot that you can  interpolate for trading purposes in whatever way you choose.  If the support is breached, look for the weakness to continue down to at least 75.57.


Hidden Pivot Webinar & Tutorials
The Hidden Pivot Webinar is one-day event is designed to teach you the risk-averse trading strategies Rick has taken to his seminars around the world. Once you have learned his proprietary secrets, you will approach trading and investing with enough confidence to make your own decisions without having to rely on the advice of others. The next Webinar will take place on October 16, 2014. For more information, or to register, click here.