October 22nd, 2014
Published Daily
HP Seminar Information page.

As we went to press Monday night, February Gold was fixing to stop out a bullish position we’d advised that produced explosive, although perhaps fleeting, gains. For subscribers who acted on the initial recommendation made here last week, there was a theoretical profit of nearly $6000 per contract at recent highs near $1767. (Click here for a free pass to our daily recommendations and forecasts.)  But because we had resolved to stick with this bullish play and swing for the fences, we watched passively as bullion quotes receded back into the by-now-familiar muck of uncertainty. To be sure, our position will survive if the futures trade no lower than 1716.20. But we’re not counting on it.  And if gold were to trigger the stop-loss and continue south, the next place we might consider bottom-fishing would be near 1702.60, a “Hidden Pivot” support determined by our proprietary forecasting method. » Read the full article


TODAY'S ACTION for Tuesday

Stopped Out of Gold

by Rick Ackerman on December 6, 2011 9:19 am GMT

Gold was getting socked early Tuesday morning as we went to press, down as much as $23 a short while ago.  This was well beneath the protective stop-loss on our single-lot position, and it will put into play a 1702.60 pivot that can be bottom-fished with caution.


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

ESZ11 – December Mini S&P (Last:1248.25)

by Rick Ackerman on December 6, 2011 8:14 am GMT

December Mini S&P (ESZ11) price chart with targetsThe last few rally patterns on the hourly chart have reached their ‘D’ targets, so the worst we should be right now, short-term, is neutral.  And yet, it’s hard not to be rooting for the stock market to drop-the-hell-dead, since it will take nothing less than that to start Wall Street on the long, long road back to integrity.  Under the circumstances, and so that we don’t come to the races on Tuesday with no horse to bet on, let me suggest using the 1241.00 target shown as a telltale whose breach would earn just a little respect for bears.  Bottom-fishing near 1241.00 using ‘camouflage’ is recommended, since a print at that price will be viewed by our competition as a breakdown beneath Friday’s 1242.00 low. What do we care if we can test the water without getting wet.

GCG12 – February Gold (Last:1720.00)

by Rick Ackerman on December 6, 2011 8:35 am GMT

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

SIH12 – March Silver (Last:32.025)

by Rick Ackerman on December 6, 2011 8:52 am GMT

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

USZ11 – December T-Bond (Last:141^29)

by Rick Ackerman on December 6, 2011 9:06 am GMT

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

$JNK – High-Yield Bond ETF (Last:40.46)

by Rick Ackerman on October 21, 2014 9:42 am GMT

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

$DIA – Dow Industrials ETF (Last:163.65)

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

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

$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

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

$CLX14 – November Crude (Last:83.00)

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

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

$TLT – Lehman Bond ETF (Last:122.01)

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

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

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

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

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

$HGZ14 – December Copper (Last:3.0100)

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

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

$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.


Hidden Pivot Webinar & Tutorials
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 October 16, 2014. For more information, or to register, click here.