October 20th, 2014
Published Daily
HP Seminar Information page.

We’ve always believed that the stock market’s ups and downs are driven not by anything so mundane as news events or the economy, but by the same mysterious cyclical forces that govern the physical universe. Nevertheless, two rapidly evolving news stories threaten to abruptly reverse Wall Street’s heedless bear rally, which recently entered its seventh month.

The first story concerns the impending collapse of the Obama presidency. Although he ran a very impressive campaign, Mr. Obama appears hell-bent on committing political suicide.  The President is clearly obsessed with radically revamping the country’s health » Read the full article


TODAY'S ACTION for Monday

A cautionary note…

by Rick Ackerman on September 14, 2009 4:48 am GMT

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


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

ESU09 – E-Mini S&P (Last:1039.00)

by Rick Ackerman on September 14, 2009 3:47 am GMT

The futures are getting whacked a bit harder than usual Sunday night, hinting that it may be more than a garden-variety shakedown.  That doesn’t mean DaBoyz will not find a price at which they can rape fearful sellers — only that the process may require a little more sneakiness than usual. In any event, the hourly chart will remain undisturbed as long as the futures hold  above 1027.00. A print below that number would create a bearish impulse leg, however, and it would be especially significant because it would follow a peak that had missed a Hidden Pivot target (i.e., 1053.00) by nearly five points.

GCZ09 – Comex December Gold (Last:1004.60)

by Rick Ackerman on September 14, 2009 4:08 am GMT

Gold is feigning weakness Sunday night — or perhaps not — but its downward drift will have no significance, even on the lesser charts, unless it takes out a Hidden Pivot support at 1001.50.  Ordinarily that would be a good spot to try bottom-fishing, but not this time due to it close proximity to a visually obvious low made Friday on the way up. There may nevertheless be an opportunity for night owls to board with “camouflage,” so I’ve included a chart that shows how, just in case.

GS – Goldman Sachs (Last:175.30)

by Rick Ackerman on September 14, 2009 4:22 am GMT

Because I’ve hung out a bullish target in the $190s, we should watch closely to see how stubbornly the little sonofabitch bucks weakness in the broad averages.  We may have an opportunity to observe and learn Monday morning, since Goldman had already begun to sell off on Friday, well before there were any clues that stocks would get hit Sunday night. If the market drags GS lower, the first Hidden Pivot support where we could try bottom-fishing would be at 172.77, stop 172.66. You’ll be on your own if the order fills and initially goes your way.  You should also be watching for signs that a recalcitrant Goldman is keeping the market from falling apart, as might be the case. _______ UPDATE (10:28): After falling shy of our downside target by a relatively paltry 40 cents, Goldman suspiciously did NOT participate in this morning’s phony selloff, thereby telegraphing the broad recovery attempt currently under way.

TBT – Lehman Ultrashort Bond ETF (Last:45.98)

by Rick Ackerman on September 14, 2009 4:36 am GMT

The rally in the long bond must have a little ways to go, since this inverse vehicle has an unachieved downside target at 43.18, roughly 6 percent below these levels.  If TBT gets there it could provide an excellent camouflage opportunity for bottom-fishing, so stay tuned. Note how the target falls in-between two prior lows, one of them an important one.

$GCZ14 – December Gold (Last:1236.60)

by Rick Ackerman on October 20, 2014 12:47 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:1887.50)

by Rick Ackerman on October 20, 2014 12:10 am GMT

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

$CLX14 – November Crude (Last:83.00)

by Rick Ackerman on October 17, 2014 1:15 am GMT

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

$TLT – Lehman Bond ETF (Last:122.01)

by Rick Ackerman on October 17, 2014 12:01 am GMT

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

$USZ14 – December T-Bonds (Last:143^08)

by Rick Ackerman on October 16, 2014 6:43 am GMT

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

$+JNK – High-Yield Bond ETF (Last:39.38)

by Rick Ackerman on October 14, 2014 7:55 am GMT

There were no reports to confirm a price in the chat room, but I’ll use a 0.72 cost basis for four Nov 22 39-strike calls I’d recommending buying yesterday. It is not a healthy sign that JNK closed beneath the 39.40 target, albeit only by a few cents.  Based on the earlier tout, you should stop yourself out of the calls if they trade for 0.57. ______ UPDATE (October 14, 7:35 p.m. EDT): JNK has taken a modest bounce from the targeted low, but the calls remain leaden. Stick to the 0.57 stop-loss, which is intended to limit the theoretical loss from this play to $60. You should make the stop-loss o-c-o (one-order-cancels-the-other) with an offer to sell two of the calls currently held for 1.40, effectively zeroing out risk.  Obviously, it will take a sustained, powerful rally to get the offer filled. _______ UPDATE (October 16, 12:46 a.m.): We’ll back away for now, since I’d rather be shorting this flying pig when it’s airborne rather than emerging from a wallow.

$HGZ14 – December Copper (Last:3.0100)

by Rick Ackerman on October 6, 2014 9:30 am GMT

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

$SNIPF – Snipp Interactive (Last:0.3400)

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. _______ UPDATE (Sep 23):  Snipp has entered the Brazilian market via an exclusive marketing contract with Petrobas. Click here for the news release. ______ UPDATE (Sep 23, 1:57 p.m. EDT):  The stock has gone bonkers today, up six cents to within less than a penny of the 0.3474 target projected two days ago. _______ UPDATE (October 12, 9:20 p.m.): The stock has come down hard after peaking three weeks ago at 0.34, but I view the move as a corrective opportunity to accumulate more shares.


SIDE BETS for Monday

SIZ09 – Comex December Silver (Last:16.600)

by Rick Ackerman on September 14, 2009 4:43 am GMT

Silver died after topping last week just above a 16.940 target I’d flagged, but the pullback will do no damage to the hourly chart unless it exceeds 15.850 in a downdraft today or tomorrow. Alternatively, the first hint of recovery would come today on a print exceeding 16.730.


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.