September 10th, 2010
Published Daily
COMMENTARY for Thursday

Dow’s First Hint of a Trend Failure?

by Rick Ackerman on July 29, 2010 2:27 am GMT · 7 comments

We were looking for a 350-point rally as the week began, but at the rate stocks have been rising it could be Labor Day before the Dow Industrials hit our 10757 target. In the meantime, dirges like yesterday’s could have satisfied neither bulls nor bears, since it took the blue chip average six tedious hours to work its way just 40 points lower. (Get a week’s worth of free forecasts, as well as access to the 24/7 chat room, by clicking here.)  Ordinarily we would chalk this up as another day of consolidation within an uptrend that at times seems unstoppable. However, in this case there is a so-far minor concern that bears close watching, since it could be a harbinger of trouble immediately ahead. Specifically, the Indoos have pulled back from Tuesday’s fleeting peak without having » Read the full article


TODAY'S ACTION for Thursday

Looking for a Snowball

by Rick Ackerman on July 29, 2010 5:39 am GMT · 0 comments

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


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

GCQ10 – August Gold (Last:1164.40)

by Rick Ackerman on July 29, 2010 2:47 am GMT

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

ESU10 – September E-Mini S&P (Last:1103.75)

by Rick Ackerman on July 29, 2010 2:57 am GMT

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

HUI – Gold Bugs Index (Last:434.14)

by Rick Ackerman on July 29, 2010 5:22 am GMT

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

HGU10 – September Copper (Last:3.2385)

by Rick Ackerman on July 29, 2010 5:36 am GMT

September Copper (HGU10) price chart with targetsThe rally has turned ferocious, shredding targets and creating new impulse legs on the daily chart with ease. A modest rally to above 3.280 will create yet another, adding weight to the prospect of more upside in the weeks to come. I’ve projected a minimum target of 3.5545 using an “inverse” pattern as shown. These patterns work some of the time, but I don’t recommend initiating trades at their predicted swing points unless the target is corroborated by a stall precisely at the CD midpoint. In this case, that has not occurred.

$DIA – Diamonds (Last:104.25)

by Rick Ackerman on September 10, 2010 4:34 am GMT

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

$SIZ10 – December Silver (Last:19.730)

by Rick Ackerman on September 10, 2010 4:18 am GMT

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

$+SLW – Silver Wheaton (Last:22.06)

by Rick Ackerman on August 27, 2010 9:07 am GMT

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


Hidden Pivot Webinar & Tutorials
The next Hidden Pivot Webinar will be held on 6/30 - 7/1. This two-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. For more information, or to register, click here.