Friday, September 18, 2009

TBT – Ultrashort 20+ Year Treasury (Last: 45.94)

– Posted in: Free, Side Bets

A heads-up: TBT is approaching a bearish Hidden Pivot target at 43.39 that would offer a back-up-the-truck buying opportunity if it is reached. This would of course imply that the price of the underlying long bond is approaching an important top […] Read More

AAPL – Apple Computer (Last:180.80)

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

Apple's "story" has dimmed slightly with the recent announcement of dramatic price cuts for the firm's high-capacity iPods.  The news would probably be easily absorbed if the stock were trading at half its current price, but the rally in fact has looked like it needed a rest for the last 50 points. Accordingly, we'll use a Hidden Pivot target not far above, at _____, to try and get short. We'll have a better idea of whether the stock will actually reach that number once we've seen how far it pulls back from yesterday's high.  Anything exceeding _____ would indicate possible trouble.

Mini-indexes weakening somewhat…

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

Both gold and the E-Minis have been relatively placid so far tonight, although the latter telegraphed possible weakness on Friday by breaching a midpoint support I'd mentioned. Please note the target given for TBT, the Ultrashort T-Bond ETF, since it raises the prospect of an important top in the bonds themselves […] Read More

GCZ09 – Comex December Gold (Last:1010.20)

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

The futures look pretty neutral right now. Notice in the chart how yesterday's downtrend played out to within a single tick of a crystal-clear target on the 3-minute chart. Now, if the recovery rally hits or exceeds its target, bulls would be back in charge. _______ UPDATE (10:20 a.m.):  Gold's rally stalled a single tick above the 1019.40 target shown in the chart, and although I had said this would put bulls back in charge, I jumped the gun.  In fact, Gold needed to have exceeded the Hidden Pivot -- exceeded it by more than a single tick, anyway -- to suggest there's enough buying enthusiasm to take the futures to a new threshold.

ESZ09 – E-Mini S&P (Last:1061.25)

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

In after-hours trading, the futures appeared to be struggling to reach the _____ midpoint of a minor corrective pattern projecting as low as _____. Either of these Hidden Pivots can be bottom-fished with a stop-loss as tight as 1.00 point, but if the trend reverses Thursday night or Friday morning, hitting ____ before _____, bears had better get out of the way. My immediate target thereupon would be _____, but with a good shot at _____ if it's exceeded by more than 1.00 point.  [Note: The interpolated over/under numbers for the December contract are, respectively, _____ and _____.]

Which Recovery Story Are We to Believe?

– Posted in: Commentary, Free

Is the economy recovering?  Nowhere is there more confusion on this topic than in the pages of the Wall Street Journal. Anyone scanning just the headlines might think we’re on the cusp of a solid rebound: retail sales are up, home sales are starting to move, and the Fed chairman thinks the worst is behind […] 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.

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.

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