April 21st, 2014
Published Daily
Topic of the Week

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

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


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

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

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

SIU11 – September Silver (Last:38.945)

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

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

SLW – Silver Wheaton (Last:37.44)

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

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

$DXY – NYBOT Dollar Index (Last:79.89)

by Rick Ackerman on April 21, 2014 5:25 am GMT

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

$ESM14 – June E-Mini S&P (Last:1861.50)

by Rick Ackerman on April 21, 2014 3:39 am GMT

Late Sunday night, it’s anyone’s guess whether DaBoyz are fixing to run stops above the 1867.50 peak shown. That’s assuming there’s enough short-covering fear to pull it off, which appears not to be the case at the moment. Far more ambitious would be a push above the April 4 peak at 1892.50 to new all-time highs.  Assuming that’s about to happen, it’s highly doubtful it will be by way of an impulse leg that exceeds both of the peaks in a single, unpaused leap.  More likely is a push today above peak #1 that would probably spell death-by-Chinese-water-torture for shorts in the days ahead. In any event, your trading bias should be bullish above 1867.50, with entry based on whatever uptrending ABC ‘camouflage’ patterns you can find on charts of 15-minute degree or less. Keep in mind that the first such opportunity signaled, as opposed to one further along in the uptrend, would be the least risky to trade.

$GCM14 – June Gold (Last:1295.10)

by Rick Ackerman on April 21, 2014 2:49 am GMT

 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.

$USM14 – June T-Bond (Last:134^01)

by Rick Ackerman on April 2, 2014 3:21 am GMT

We don’t pay much attention to this vehicle other than at key turning points, but the short-term pattern shown looks like a lay-up for traders who see futures contracts as no more than bouncing dots on a chart, waiting to be exploited. There are actually two trade possibilities here: 1) a ‘camouflage’ short as USM slips below the 132^13 midpoint; 2) and a very tightly stopped long from within a tick or two of the 131^17 target. Good luck!  Please report any fills in the chat room so that I can establish a tracking position for your further guidance. ______ UPDATE (3:17 p.m. ET): The short was tricky to initiate, but once aboard, your reward came quickly with a drop to a so-far low at  131^26. As noted above, the short should be covered and reversed near 131^17. ______ UPDATE (April 6, 3:57 p.m.): The low of Friday’s violent price swings was 131^21 — not quite close enough to have gotten you long easily. Although this could prove to be an important low for the short- to intermediate term, under the circumstances I’ll assume no subscribers were filled. _______ UPDATE (April 11, 1:03 a.m.): Next important stop on the way higher: 135^17. _______ UPDATE (April 20, 11:10 p.m. ET): Last week’s fleeting stab to 135^10 came within less than a quarter-point of my target — close enough for us to consider it fulfilled. It took the futures more than a month to get there, so we should expect this correction-or-worse to last for at least a week or so before bulls attempt to push T-Bonds to new recovery highs.

HGK14 – May Copper (Last:2.9820)

by Rick Ackerman on March 31, 2014 12:20 am GMT

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


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.


Hidden Pivot Webinar & Tutorials
The Hidden Pivot Webinar is 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. The next Webinar will take place on May 21-22, 2014. For more information, or to register, click here.