October 21st, 2014
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[Our recent offer of three $1000 scholarships to the January 11-12 Hidden Pivot Webinar brought a deluge of applications – more than 100 so far. The deadline was originally set for December 29, but we’re moving it forward to this Sunday, 11:59 p.m. so that we can provide a decision to you as soon as possible. Click here to nominate yourself or anyone else whom you think could benefit from the intensive, individualized mentoring that will be given to the scholarship winners. One recent graduate of the Hidden Pivot Webinar had this to say: “I will never look at charts the same way again. I have made back the cost of the course many times over both from trades taken, and just as important, from trades I stayed away from.”

For those who have already taken the course or who plan to take it, there are some significant benefits.  Read about them below in the message from my wife, Marilyn, who is administering this first-time-ever offer. RA]

Attention all Hidden Pivot Webinar graduates! We have some special benefits for you coming up in January. As you may know, Rick has offered our first-ever scholarships for three seats in the January 11-12 webinar.  His goal is to take three unlikely candidates and turn them into traders. How is he going to do that? And, what’s in it for you? For the next three months, Rick will be taking these three students through a thorough program to turn them into traders. This will include weekly online sessions with the students and special classes devoted to helping them achieve mastery of the Hidden Pivot Method. You can sit in on these interactive sessions, too. You will be able to refresh your knowledge and skill-set and get even more real-time guidance – directly from Rick – while he is showing the students the ropes.

What do you have to do to qualify?

The only requirements to attend these sessions are that: 1) you must have already taken the Hidden Pivot webinar or  registered for the January 11-12 class; and 2) you must be a current subscriber to the weekly real-time tutorials held on Wednesday mornings (and recorded for viewing at your convenience). If you need to renew or restart your subscription to the Wednesday Real Time Tutorials, simply log in to your account page at www.rickackerman.com and add that product to your subscription. » Read the full article


TODAY'S ACTION for Friday

A Light Touch of Larceny

by Rick Ackerman on December 16, 2011 5:37 am GMT

We hold two open positions, one a partial butterfly spread that will give us some riskless leverage on a rally into year’s end if we can complete it with stocks sharply on-the-rise.  Late Thursday night, index futures were up, but not by enough to suggest that DaScumballs were fixing to pull out the rug. It looks more like they are trying to restrain buyers, actually, with the goal of short-squeezing the opening on whatever news they’ve been told is coming.  _______ UPDATE (4:01 a.m. EST):  Overnight action has gifted us with a long trade in Feb Gold that is still “live,” and a profit-taking opportunity a single tick from our target and two ticks off the so-far high in the E-Mini S&P.  Check out my updates for further, detailed trading guidance.


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

ESH12 – March E-Mini S&P (Last:1216.75)

by Rick Ackerman on December 16, 2011 3:39 am GMT

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QQQQ – Nasdaq ETF (Last:54.90)

by Rick Ackerman on December 16, 2011 3:51 am GMT

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GCG12 – February Gold (Last:1595.40)

by Rick Ackerman on December 16, 2011 4:10 am GMT

February Gold (GCG12) price chart with targetsWe already know the bad news — that the futures appear likely to fall to at least 1459.40, or to 1424.80 if any lower — so let’s shift our focus to some bullish alternatives just to keep an open mind.  For starters, the good guys could retake control of the 30-minute chart with a thrust over the next 2-3 days exceeding 1635.20, a small peak made Wednesday on the way down.  However, a more subtle signal — view it as an early alert — would be generated with a print today at 1590.20. Depending on how the rally from Thursday afternoon’s low plays out, a pullback from just above that number could create a low-risk entry spot for camouflageurs.  I’ve sketched out this possibility on the accompanying chart. _______ UPDATE (3:45 a.m. EST):  A pattern much like the one I sketched — with single-bar coordinates at points A and C — tripped an entry signal at 1588.20 at around 12:20 a.m. (A=1585.60 at 10:30 p.m., B=1592.10, and C=1586.50). Half of a four-contract position would have been exited at the 1589.80 midpoint of the pattern, and a third contract at 1593.00, the D target of the pattern. Imputing theoretical gains of 6.40 to the contract that remains yields an effective cost basis of 1581.80.  For now, use a stop-loss at 1579.70, a few ticks below the ‘d’ target of a minor, corrective ABC that was playing out at around 3:45 a.m. If the futures turn and go higher without triggering the stop, use a 3.20-trailing stop above 1601.00.  We’re not swinging for the fence on this one, but we are going for extra bases. _______ EXIT UPDATE 11:05 a.m. EST):  The futures spiked to a high of 1603.50 at 7:35 a.m., and so we exited at 1599.50 when they detumesced. The selloff came all the way down to 1585.10, so we save ourselves a pretty penny by heeding the stop. Our theoretical gain on this trade was $1770. The futures have been unable since to surpass the 1603.50 peak, but they are working on a bullish impulse leg nonetheless with potential to as high as 1604.40 (5-min, A=1585.10 at 9:40 a.m., B=1599.90). So far, the C-D segment has stalled at 1596.30, 0.70 from the 1597.00 midpoint resistance associated with 1604.

SIH12 – March Silver (Last:29.370)

by Rick Ackerman on December 16, 2011 4:19 am GMT

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ECZ11 – December Euro (Last:1.3052)

by Rick Ackerman on December 16, 2011 5:29 am GMT

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

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

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$DIA – Dow Industrials ETF (Last:163.65)

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

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$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

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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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$TLT – Lehman Bond ETF (Last:122.01)

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

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

by Rick Ackerman on October 16, 2014 6:43 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.


This Just In... for Friday

With the eyes of the world on Europe’s slow-motion train wreck, is it possible that MF Global, whose troubles were initially spun as an eentsy-weentsy $4B fender-bender, will turn out to be the Black Swan?  The bankrupt broker’s saga has taken a fascinating new turn with news this weekend that the trustee plans to seize — and liquidate — gold and silver held for customers by MF Global.  Click here for the full story at Jesse’s Cafe Americain.


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.