Silver should run into resistance at 33.675, just below last week's high, but if the bulls can dispatch both of those levels, $35 comes into play with a "D" target at 34.985. With the silver market, we go three-for-three in using last Wednesday's low as the A point for our pattern. It must be said […] Read More
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 […] Read More
We will watch a 1281.75 hidden pivot in the S&P futures, with an eye to shorting the market. Last week's strong rally has not retraced deeply, but a one-off A from Wednesday (1183.00) and Friday's decline give us something to work with. The 1281.75 midpoint is less than eight points below the three-month high of […] Read More
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 […] Read More
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The consistent 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.
Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.
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Rick takes requests on ACAD,GDX,CXRX,SPX,FFMGF,FNV,GCQ6,SSPXFDNCVF,TLT,VVR and AG
(July 18, 2016)
The Yellow Flag Is Out
A Minor Breakdown in Gold?
The Seductions of a 50-50 Bet
Lousy Earnings No Obstacle for This Bull
Has Credit Stimulus Finally Met Its Match?
Laurel and Hardy Comin’ at Ya, Fed-Style
Wishy-Washy Crude Lulls Stocks
T-Bond Rally at an Important Target
Beware of a Fleeting Lapse into Sanity
Bears Once Again Pinned on the Ropes