The stock market was in the throes of a monster rally as this tutorial session got under way, with the Dow up more than 400 points and the E–Mini S&P inches from a target that could temporarily cap the rally. More important than all of this was a T-Bond selloff, the resolution of which may […] Read More
The markets were suspiciously subdued Wednesday night, but don't be surprised if buyers are back on Thursday to pursue their bliss. It ishardly implausible that those who planned yesterday's liquidity announcement did so on a Wednesday because they believed it might be too ambitious to get a short-squeeze going as early in the week as […] Read More
Silver's rally yesterday looked impressive at first glance, but it's hard not to notice its failure to surpass the key external peak at 33.120 recorded on November 22. Gold looks capable of dragging Silver higher, though, and that is what I expect. However, the latter would need to hit 34.010 today to refresh the bullish […] Read More
We're long two contracts, from an initial position of four, with an effective cost basis of 1733.00. Look to exit one of those contracts at 1758.00, a few ticks below the 'D' target of the 'camo' pattern we used to get on board. (Note: Initial entry was via the December contract, but we rolled the […] Read More
An 1139.75 rally target disseminated here yesterday morning held for nearly five hours until a flurry of panicky short-covering on the close turned it into suet. Use 1255.75 as an upside target for now, predicated on a push through its sibling midpoint at 1248.75. There's no pretending we can find good camouflage after yesterday's rampage, […] Read More
Yesterday's coordinated action by the central banks to lower dollar-swap rates sent the euro into a bullish spasm. The move was strongly impulsive on the hourly chart, but we'll reserve judgment on the likely longevity of the move until we see how the futures behave near the tentative 'p' midpoint of the pattern shown, 1.3551. […] Read More
If DaBoyz can squeeze a 500-point Dow rally out of yesterday’s administered easing of dollar “swap” rates, just imagine what they can do with a little Santa seasonality and a dollop of year-end window-dressing. Let’s be straight about a couple of things. First, no one expects the latest easing of global credit lines to resolve […] Read More
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The laser-like 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.
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Wednesday’s Volatility Bet
Why 30-Year Rates Are Headed to 1.64% or Even Lower
No Rest for the Wicked
Just Because a Rally Stinks…
Straddles Ahead of Freaky Friday?
As Chipotle Goes, So Goes…America?
Eclipse Fails to Spook Stocks
Fed Must Now Confront the Real Threat: Deflation
Rate-Hike Silliness on Steroids
GDXJ Back from the Dead…Almost