In today's Silver tout, there's a fine example of how even sleazy shakedowns orchestrated by DaBoyz in thin night trading cannot fool a Pivoteer. In fact, in this instance they played right into the hands of anyone alert to the obvious abc correction shown in the chart […] Read More
Silver seems so comfortable cruising at 30,000 feet, just below a multi-decade high that looks like Everest on the weekly chart. More of a correction would have been the gentlemanly thing to do, but bulls seem to have other designs -- namely, the impalement of all the dirtballs who for decades have made too easy a living holding prices […] Read More
Short-term signs portend a modest rally to 1377.60, but you'll have to improvise your own way aboard, since the five-minute chart that might allow decent camouflage has become too cluttered and claustrophobic to yield one glow-in-the-dark opportunity. There are in fact many of them, but they are changing from one hour to the next. FYI, […] Read More
The painfully constipated price action of the last two weeks argues against our trying to swing-trade this vehicle. It's for day traders only at the moment, and my bias from a Hidden Pivot perspective is mildly bullish, since no "external" lows on the daily chart have been breached in the pullback from the 1224.50 high […] Read More
We'll put plans of legging into a bullish butterfly spread on the back burner for now, since AAPL looks like it could noodle around for a while -- for a long while, perhaps. The next moon shot has the potential to reach 393.51, but it's possible the stock could pull back to as low as […] Read More
After a long holiday weekend, U.S. stocks came stumbling out of the gate Monday, unable to determine how, or even whether, they should react to yet more “strength” in the dollar. We’ve wrapped the word “strength” in quotes because it is only in relationship to a euro enfeebled by financial crisis that the dollar could […] Read More
As of around 9:40 p.m. Sunday night, the futures were bouncing precisely from a Hidden Pivot midpoint at 26.525. This would make its 'd' sibling at 26.080 a high-odds place to try bottom-fishing, except that the bounce is within just a few ticks of surpassing the point 'c' of the pattern yielding the target. If the rally […] Read More
We set modest bullish benchmarks for last week that the futures failed to achieve, implying they are in no great hurry to ascend to the 1429.30 target given here earlier. It will remain valid nonetheless if 1331.10 has not been exceeded to the downside, but we should require a two-day close above the 1380.20 Hidden Pivot […] Read More
The futures are entering their third week of tedious consolidation after having created a potent bullish impulse leg of daily-chart degree. If there seems to be a contradiction in this, there is: It is like revving a dragster to the redline, only to have it smoke rubber for a full minute. My hunch is that the […] Read More
The nearest rally resistance lies at 80.72, a Hidden Pivot whose provenance is shown in the accompanying chart. Judging from the way DXY shredded its sibling midpoint at 79.35, it seems highly likely to be reached and should therefore serve as a minimum upside objective for the near term. If the target gives way easily, […] Read More
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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.
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The Good News, and the Bad…
Straddling the Inauguration
Gold’s Vital Signs
GM’s Chart Suggests U.S. Economy Will Keep on Truckin’
Just Another Friday?
With DEFCON 3 Imminent, We Remain Bullish
Why Inflation Is Unlikely to Return
Bulling-Up on Bullion
DJIA Closing on an Important Target
Is the Surge in Long-Term Rates Over?