Gold and Silver were getting pounded in the middle of the night, although index futures were down only enough to suggest that Da Dirtballs were shaking out sellers. Their by-now-familiar trick is to make certain that the contracts they've stolen from widows and pensioners in the wee hours can be short-squeezed higher with almost no […] Read More
Friday's gratuitous rally has given way to Sunday night's perhaps other-than-gratuitous selling, producing an immediate downside target at 31.455 that is the exact low so far. If it's breached, expect the weakness to continue to at least 30.520, its 'D' sibling. That number can be bottom-fished either via camouflage or with the tightest stop-loss you […] Read More
The bad guys had gold on the run Sunday night, presumably bound for the 1672.30 downside target of the pattern shown. It would take nothing less than a pop to 1733.00 overnight or Monday to put bulls back on the offensive. The bearish target can be bottom-fished -- preferably with camouflage, but if you want […] Read More
When the bell rang to end the week, the futures were scraping up against a rally target at 1253.50 that had been disseminated here mid-day. They've come off that high Sunday night, creating a bearish impulse leg with immediate potential to 1245.75. Sellers were stalled precisely at the 1248.50 midpoint sibling of that number, but […] Read More
With the E-Mini S&P hitting our rally target in the final moments of Friday's session, we bought four QQQ Jan 54 puts or Jan 53 puts, respectively, for 0.96 or 0.74. These are keepers, since just about anything could happen between now and January 20 when the options expire. Do nothing further for now. _______ […] Read More
Yesterday, Rick appeared on The Keiser Report. Rick and Max discussed Goldman's death dive and MF Global's crimes against the markets. Rick's segment begins 12 minutes and 55 seconds into the video […] 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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The Good News, and the Bad…
Straddling the Inauguration
Gold’s Vital Signs
GM’s Chart Suggests U.S. Economy Will Keep on Truckin’
Just Another Friday?
With DEFCON 3 Imminent, We Remain Bullish
Why Inflation Is Unlikely to Return
Bulling-Up on Bullion
DJIA Closing on an Important Target
Is the Surge in Long-Term Rates Over?