October 21st, 2014
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Social Networking, Weaponized

by Rick Ackerman on August 15, 2011 12:01 am GMT · 49 comments

As The Great Recession tightens its grip on the urban slums of the U.S. and Europe, a darker side of social networking has begun to emerge.  Last week, the civilized world was appalled to read about rioting British “youths” tweeting their friends and comrades-in-arms to join the fun. “We need more MAN than Feds so Everyone run wild, all of London and others are invited! Pure terror and havoc & Free stuff…just smash shop windows and cart out da stuff.”  Ahh, “da stuff!”  Such swag as has seldom been seen in London’s dismal rookeries: bowler hats from Locke. Brigg umbrellas. Church shoes.  London’s bobbies should have no trouble picking out the perpetrators on Monday.  They’ll be wearing bespoke suits that fit as poorly as O.J.’s infamous glove. Yobs will be firing up Cohibas with (unmonogrammed) Dunhill lighters, broad-tossers’ wrists will be adorned with Patek Phillipes, and louts will be ordering up Dom Perignon by the flagon in Piccadilly taverns. » Read the full article


TODAY'S ACTION for Monday

Abberational Calm

by Rick Ackerman on August 15, 2011 5:08 am GMT

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Rick's Picks for Monday
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September E-Mini S&P (ESU11) price chart with targetsThe rally target at 1227.75 that was in play in Friday is still in play. As I’d noted earlier, choppy action has brought the futures to within two ticks of the 1187.25 midpoint associated with that target. The fact that that midpoint was precisely achieved by the day’s two failed rallies suggests that the 1227.75 target will be useful to us.  However, because the target is by now perhaps too well “advertised,” I’d suggest using camouflage on the 15m chart or less if you plan on using this high-odds Hidden Pivot to get short.  In the meantime, because there is 50 points of implied upside if and when the futures break decisively above the midpoint, using camo tactics to get long is strongly advised. Initiating bull trades near these levels may be easiest for Sunday night-owls, since the September contract created the kind of tedious chop on Friday that tends to leave our trading competitors waiting for “something” to happen. Our specialty, of course, is using impulse legs to alert us to the very first sign that something is about to happen.  Want to learn to use the Camouflage Trading  Method yourself? Click here for information about the October 5-6 Hidden Pivot Webinar.

GCZ11 – December Gold (Last:1734.90)

by Rick Ackerman on August 15, 2011 2:35 am GMT

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SIU11 – September Silver (Last:38.945)

by Rick Ackerman on August 15, 2011 3:30 am GMT

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SLW – Silver Wheaton (Last:37.44)

by Rick Ackerman on August 15, 2011 3:45 am GMT

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$DIA – Dow Industrials ETF (Last:163.65)

by Rick Ackerman on October 21, 2014 3:24 am GMT

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$ESZ14 – Dec E-Mini S&P (Last:1897.50)

by Rick Ackerman on October 21, 2014 2:25 am GMT

The market has gone ornery and untradable on us, presumably because everyone and his mother is going at it with the same idea of getting short. Although yesterday’s forecast here got the trend right and even nailed the intraday high, 1902.50, to the exact tick, the prediction was valueless for trading purposes. That’s because the ratcheting, exceedingly tedious rally generated a string of minor corrections that were equal to or greater than each subsequent leg up. Not exactly the risk:reward proposition we are looking for.  I proffered a still higher target at 1911.00 if 1902.50 was exceeded, which it has been in after-hours trading.  Night owls can use their own judgment to determine how to catch the implied ride north, but I wouldn’t look for easy pickings if there’s still a few points left in the move at Tuesday’s opening bell.

$GCZ14 – December Gold (Last:1236.60)

by Rick Ackerman on October 20, 2014 12:47 am GMT

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$CLX14 – November Crude (Last:83.00)

by Rick Ackerman on October 17, 2014 1:15 am GMT

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$TLT – Lehman Bond ETF (Last:122.01)

by Rick Ackerman on October 17, 2014 12:01 am GMT

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$USZ14 – December T-Bonds (Last:143^08)

by Rick Ackerman on October 16, 2014 6:43 am GMT

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$+JNK – High-Yield Bond ETF (Last:39.38)

by Rick Ackerman on October 14, 2014 7:55 am GMT

There were no reports to confirm a price in the chat room, but I’ll use a 0.72 cost basis for four Nov 22 39-strike calls I’d recommending buying yesterday. It is not a healthy sign that JNK closed beneath the 39.40 target, albeit only by a few cents.  Based on the earlier tout, you should stop yourself out of the calls if they trade for 0.57. ______ UPDATE (October 14, 7:35 p.m. EDT): JNK has taken a modest bounce from the targeted low, but the calls remain leaden. Stick to the 0.57 stop-loss, which is intended to limit the theoretical loss from this play to $60. You should make the stop-loss o-c-o (one-order-cancels-the-other) with an offer to sell two of the calls currently held for 1.40, effectively zeroing out risk.  Obviously, it will take a sustained, powerful rally to get the offer filled. _______ UPDATE (October 16, 12:46 a.m.): We’ll back away for now, since I’d rather be shorting this flying pig when it’s airborne rather than emerging from a wallow.

$HGZ14 – December Copper (Last:3.0100)

by Rick Ackerman on October 6, 2014 9:30 am GMT

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$SNIPF – Snipp Interactive (Last:0.3400)

by Rick Ackerman on September 5, 2014 3:05 am GMT

I first touted Snipp Interactive back in January, when it was trading around 0.15. Although the stock subsequently fell to a dime, it has since rallied sharply, settling at 0.2562 yesterday. This is one of my favorite stocks, and I came away from a conference call with its CEO, Atul Sabharwal, eager to sing their praises. During that call, I hit Atul with my best idea, a sweepstakes-type promotion, but he was already three steps ahead of me, able to cite, for one, New York State’s rules and costs for exactly the type of marketing scheme I’d suggested.

Full disclosure: I hold 100,000 shares plus warrants to purchase another 50,000 shares.  But I hope that won’t discourage you from performing your own due diligence, since you are likely to be as impressed as I was when you find out what the company has been up to. For me, at least, Snipp (OTC: SNIPF) perfectly satisfies Peter Lynch’s rule that investors favor companies whose strengths and methods they can understand. Snipp does interactive marketing that allows clients to track results in real time. The results have been sufficiently impressive that the company has been attracting blue chip clients with little difficulty. Read more about SNIPP by clicking here.

From a technical standpoint, although the stock’s chart history is thin, it’s possible to project a near-term rally target of 0.2730. A tenet of Hidden Pivot analysis is that an easy move through such targeted resistance implies there is unspent buying power percolating beneath the surface. This is not a “hot tip;” indeed, Snipp’s story does not lend itself to the kind of hubris that will result in a $10 billion IPO. But it is an aggressive and imaginative pioneer in a rapidly developing niche, and its CEO has the kind of imagination, intelligence and energy that inspires confidence. _______ UPDATE (Sep 22, 8:30 p.m.): The stock has continued to rally, and the closest Hidden Pivot target is now 0.2668.  If that Hidden Pivot is exceeded on a closing basis for two days, however, a target at 0.3474 would be in play. _______ UPDATE (Sep 23):  Snipp has entered the Brazilian market via an exclusive marketing contract with Petrobas. Click here for the news release. ______ UPDATE (Sep 23, 1:57 p.m. EDT):  The stock has gone bonkers today, up six cents to within less than a penny of the 0.3474 target projected two days ago. _______ UPDATE (October 12, 9:20 p.m.): The stock has come down hard after peaking three weeks ago at 0.34, but I view the move as a corrective opportunity to accumulate more shares.


This Just In... for Monday

Here’s the peerless Mark Steyn, writing about London’s riots in his latest column:

Several readers wrote to taunt me for not having anything to say on the London riots. As it happens, Chapter Five of my book is called “The New Britannia: The Depraved City.” You have to get up pretty early in the morning to beat me to Western Civilization’s descent into barbarism. Anyone who’s read it will fully understand what’s happening on the streets of London.

The [debt] downgrade and the riots are part of the same story: Big Government debauches not only a nation’s finances but its human capital, too.  This is the logical dead end of the Nanny State. When William Beveridge laid out his blueprint for the British welfare regime in 1942, his goal was the “abolition of want” to be accomplished by “co-operation between the State and the individual.” In attempting to insulate the citizenry from life’s vicissitudes, Sir William succeeded beyond his wildest dreams. As I write in my book: “Want has been all but abolished. Today, fewer and fewer Britons want to work, want to marry, want to raise children, want to lead a life of any purpose or dignity.” The United Kingdom has the highest drug use in Europe, the highest incidence of sexually transmitted disease, the highest number of single mothers, the highest abortion rate. Marriage is all but defunct, except for William and Kate, fellow toffs, upscale gays and Muslims. From page 204: “For Americans, the quickest way to understand modern Britain is to look at what LBJ’s Great Society did to the black family and imagine it applied to the general population.”

The complete essay can be found by clicking here.


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