The latest report from Auerbach Grayson suggests that the global correction has further to go and that current weakness should not be viewed as a buying opportunity. We offer the report courtesy, which was prepared by Richard Ross, with gratitude to our friend and longtime subscriber Jonathan Auerbach. Click here for a copy […] Read More
In an essay published by Mises Institute, economist Frank Shostak, whose work has been featured here many times, debunks the fiction that last quarter's 5.7% GDP growth was a harbinger of recovery. In fact, it is savings and investment we should be measuring if we want to predict the strength of a recovery. GDP statistics, says Shostak, tend to overvalue the kind of Keynesian-type stimulus […] Read More
An exceedingly boring market led us to a fruitless search for trading opportunities in Comex Gold and the E-Mini S&Ps. The session had educational benefits nonetheless, since it shed light on the extremes to which we will sometimes go in order to force a trade. In this case, it got us stopped out of the […] Read More
Hidden Pivot plays for Wednesday looked like slim pickings, but I couldn't resist wading a little deeper into bear-dom with some judicious buying of QQQQ puts. There are no price targets associated with this gambit, only the impression that the daily and weekly charts look very heavy […] Read More
We've been playing patticake with a single March 44 put that we hold with a cost basis of 0.23. Let's get more aggressive with some scale-in buying of April 42 puts. Bid 1.11 for two and 1.03 for five more, good through Thursday. You should also cancel the g-t-c order to short a March 39 […] Read More
The shadow of the decline from a well-advertised Hidden Pivot target at 80.78 continues to lengthen and could reach 79.21 today if f selling persists. A key test of bears' resolve could come very soon at 79.55, a midpoint support that will remain valid as long as 79.90 has not been exceeded to the upside first […] Read More
There's a not very inspiring rally target at 15.620 that is roughly analogous to the one proffered today in gold, but I wouldn' recommend trying to get short there. If the futures should break loose for unexpected yardage, they could get to as high as 16.055 before encountering the next Hidden Pivot resistance […] Read More
The 1091.60 rally target has been slow in coming, but we'll stick with it for now because it's pretty and it's all we've got. This Hidden Pivot sits in the middle of a void, so it can be shorted with a stop-loss as tight as 0.50 points. Looking at a bigger picture, a 1014.20 downside […] Read More
The crucial buying power of shorts was mostly spent by mid-session, leaving the futures to fend for themselves. They gave up relatively little ground thereafter, though, presumably because reality tends to lag wilding sprees such as yesterday's by an exasperating day or two. There is probably enough uncertainty and confusion in the E-Minis' price action to make nearly any camouflage pattern […] Read More
The terms of Germany’s proposed bailout of Greece were sketchy at press time, but you can bet that the sums involved will not be covered with hard cash. Rather, it is “financial guarantees” that will be used to shore up Greece’s finances, much the way the more nebulous “guarantees” of the U.S. Government have come […] Read More
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Tuesday, January 8, 2019
The consistent accuracy of Rick Ackerman’s forecasts is 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.
The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.
The next webinar will be held on Tuesday, January 8. Click below to register or get more information.
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