Member-only content. Please Login or get a free trial of Rick's Picks to view.
From the monthly archives:
July 2011
Rick’s Picks is warming to the idea of a bullish play in Corn, the subject of an urgent ‘hot tip’ that we received in Tuesday’s e-mail. However, our plan is to play it strictly by-the-book, risking as little as possible if the tip doesn’t pan out (as frequently occurs). Click here if you don’t subscribe but are motivated nonetheless to find out exactly how we do things around here. Trading should be fun, don’t you think?
Member-only content. Please Login or get a free trial of Rick's Picks to view.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
In volumeless after-hours trading, DaBoyz have sleazed the futures above the 1323.25 peak that had resisted their depredations during the regular session. This is the threshold I’d said would need to be surpassed in order to refresh the bullish energy of the intraday charts. Now that this has occurred, it will shift the focus to a Hidden Pivot resistance at 1340.00 that can serve as our minimum upside objective for the near term. This is not a place to try shorting (other than via camouflage, of course), but to observe the degree of difficulty, or perhaps ease, with which the resistance is surmounted. If it is quickly brushed aside, however, that would put into play its ‘D’ sibling at 1388.75 — equivalent to a 500-point Dow rally from these levels. You’re just six hours from learning how to forecast stock and commodity prices better than some gurus who do it for a living. Click here to find out how — and save $50 on next month’s Hidden Pivot Webinar.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
Member-only content. Please Login or get a free trial of Rick's Picks to view.
September Silver appears to be making short work of the seemingly ambitious rally target I disseminated here yesterday via an intraday update. However, please note in today’s SI tout that it will not necessarily be clear sailing if the futures blow the pivot to smithereens. An important midpoint resistance looms just above it, and so traders and long-term bulls should pay close heed. (Click here for a free trial subscription and a look at the actual numbers.)
Member-only content. Please Login or get a free trial of Rick's Picks to view.
3 Key Stocks Head-Butt Major Hidden Pivot Targets
by Rick Ackerman on July 20, 2011 12:01 am GMT · 6 comments
If a millennial tide of Fed funny-money can push the broad stock averages higher no matter what the economic climate, just imagine what it can do for the shares of companies with strong earnings growth in these recessionary times. In particular, Google, IBM and Apple have soared in recent days on stellar Q2 reports and giddy rumors. Yesterday it was Big Blue that took flight, gapping up five percent on news of exceptional top-line growth. Even better for investors was that the company expects this growth to continue for at least the rest of 2011 in all of its lines: hardware, software and business services. We wrote here a long while back that IBM bonds were probably a safer and better bet than U.S. Treasurys, and we still think this is so. There were a few other blue chip companies on our short list that one could imagine will do pretty well even if economic activity in the U.S. sinks to depressionary levels. Johnson & Johnson, Disney, Caterpillar, 3M and Safeway come to mind, as well as Apple, which, despite its pricey merchandise, stands to rake in tens of billions of dollars over the years from nickel-and-dime sales of iTunes to an imponderably large number of music lovers. » Read the full article