October 23rd, 2014
Published Daily
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Last week’s 900-point Dow rally may have stirred up some bullish excitement on the Street and at CNBC, but it looked to us like a fat pitch for anyone who’s been waiting patiently to get short.  We’ll be looking to do so ourselves next week — with as little risk and stress as possible, using index futures and or equity put options – so click here if you want a free pass to Rick’s Picks as we attempt this.  You’ll have access not only to detailed trading recommendations that are updated around-the-clock, but also to a 24/7 chat room that draws experienced traders from all over the world.  We hold no open positions in index futures at the moment, incidentally, although we established a bullish tracking position in gold last week just as Comex futures were starting to take flight. » Read the full article


Rick's Picks for Monday
$ = Actionable Advice + = Open Position
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All Picks By Issue:

ESZ11 – December Mini S&P (Last:1253.50)

by Doug McLagan on December 5, 2011 6:46 am GMT

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GCG12 – February Gold (Last:1749.50)

by Doug McLagan on December 5, 2011 7:08 am GMT

We hold a single contract with an effective  cost basis of 1708.00.  A trailing stop would have gone into effect on a rally to  1770.00, but because the last upthrust fell $3 shy of that target, we’ve taken a $45 ride south on a fixed stop.  This was unpleasant but consistent with our intention of holding the position come hell or high water.  Even so, I’ll now suggest using a fixed stop at 1716.10, since it would be a crime to take an actual loss on a position that at one point had shown a paper profit of nearly $6000 per contract.  If we’re stopped out, we can continue to get long whenever it suits us, risking little or nothing in theory each time, until we finally catch the Big Ride we’ve been waiting for.  FYI, today’s carnage targets 1716.40, $5 beneath the so-far low.

SIH12 – March Silver (Last:32.745)

by Doug McLagan on December 5, 2011 7:46 am GMT

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$TLT – Lehman Bond ETF (Last:119.69)

by Rick Ackerman on October 23, 2014 2:51 am GMT

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$ESZ14 – Dec E-Mini S&P (Last:1927.75)

by Rick Ackerman on October 23, 2014 1:33 am GMT

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$AAPL – Apple Computer (Last:104.99)

by Rick Ackerman on October 22, 2014 8:18 am GMT

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$DIA – Dow Industrials ETF (Last:164.36)

by Rick Ackerman on October 22, 2014 7:18 am GMT

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$JNK – High-Yield Bond ETF (Last:40.43)

by Rick Ackerman on October 21, 2014 9:42 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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$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.


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The Hidden Pivot Webinar is one-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 November 13, 2014. For more information, or to register, click here.