Thursday night’s barely perceptible uptrend in the index futures held few solid clues for oddsmakers as of 1 a.m. EST. The E-Mini S&Ps will have a chance to bottom at a moderately important Hidden Pivot at 1052.25 — an occurrence that could synchronize them, however briefly, with April Gold. Mere coincidence? Only someone who has spent years studying the parallels between the assassinations of Lincoln and JFK would bother to ask such a silly question. Incidentally, can you tell which of today’s touts are mine, and which are Harry’s?
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Rick’s Picks is a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Rick Ackerman is the editor of Rick’s Picks and a partner in 
Euroland Worrywarts Lack America’s Cool
by Rick Ackerman on February 5, 2010 2:42 am GMT · 13 comments
Although yesterday’s selloff wasn’t quite ugly enough to write home about, only a fool would dismiss the possibility that the next selloff will be. We checked the Wall Street Journal’s online edition to determine the cause of the Dow’s 268-point plunge, but there wasn’t much to persuade us. A headline attributed the selling to “Global Fears” about the economy, plus some previously well-exposed worries about euroland’s sovereign debt. But weren’t there headlines in the same newspaper just days ago trumpeting the U.S. economy’s red-hot economic growth for Q4? Actually, looking back at a whole week’s worth of Wall Street Journal headlines, readers might have inferred that, Toyota aside, » Read the full article