March 15th, 2010
Published Daily
COMMENTARY for Monday

Jitters Over Greece Quelled by…Lunch?

by Rick Ackerman on February 8, 2010 5:10 am GMT · 8 comments

The stock market’s miraculous recovery in the final two hours of Friday’s session could have made one lose sight of why stocks were down in the first place. Come to think of it, why were they down?  Investors began the the day supposedly concerned about whether Greece might have to hock the Acropolis to buy time from creditors.  Amidst all the nail-biting, U.S. shares fell hard in the early going. But when the selling began to dry up around mid-afternoon, DaBoyz squeezed shorts with the kind of viciousness we haven’t seen since the running of the bears in the weeks before Thanksgiving. And Greece? As the » Read the full article


TODAY'S ACTION for Monday

A Top May Be in for Dollar

by Rick Ackerman on February 8, 2010 7:11 am GMT · 0 comments

Bullion lovers should take encouragement from the chart I’ve included with today’s tout for the NYBOT Dollar Index. It is bearish and shows that DXY came within an inch of touching a very clear rally target on Friday.


Rick's Picks for Monday
$ = Actionable Advice + = Open Position
Current  Actionable  Open
All Picks By Issue:

GCJ10 – Comex April Gold (Last:1066.60)

by Rick Ackerman on February 8, 2010 5:49 am GMT

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ESH10 – E-Mini S&P (Last:1060.75)

by Rick Ackerman on February 8, 2010 6:09 am GMT

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DXY – NYBOT Dollar Index (Last:80.44)

by Rick Ackerman on February 8, 2010 6:22 am GMT

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QQQQ – Nasdaq ETF (Last:43.02)

by Rick Ackerman on February 8, 2010 6:28 am GMT

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TYH10 – March Ten-Year Note (Last:118^19)

by Rick Ackerman on February 8, 2010 6:42 am GMT

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