October 2nd, 2014
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U.S. stocks showed unbridled enthusiasm yesterday for the changing of the guard in North Korea, tacking 337 points onto the Dow Industrial Average. Could heir apparent Kim Jong Eun be the Man of Peace the world has been waiting for?  It sure looked that way on Wall Street, where a wave of optimism about something fabulous swamped sellers from the opening bell. Even if the young Kim – reportedly a huge basketball fan like his dad —  merely slows North Korea’s mischievous transfer of nuclear weapons technology to Iran’s mullahs, jihadists and terrorists around the world, it would be the best Christmas present our crisis-fatigued planet could receive. Small wonder, then, that North Koreans were sobbing in the streets as they grieved the loss of their Dear Leader.  And very dear he must have been, to judge from the tens of thousands of mourners who lined up for hours to pay their respects as Kim Jong Il lay in state, ensconced in a glass-covered coffin. Was he smiling when he died?  We couldn’t tell looking at the picture below, although we won’t be surprised if a future biographer reveals that Kim, who’s name means “regal hill,” was a world-class kibitzer in private. » Read the full article


TODAY'S ACTION for Thursday

Shorting Silver?

by Rick Ackerman on December 22, 2011 5:01 am GMT · 1 comment

Shorting gold and silver via camouflage will take some getting used to, but we may as well try to make hay as long as weakness is the prevailing mood.  A subtle opportunity in Silver was developing late Wednesday night, and so I’ve sketched it out hypothetically.  If it doesn’t pan out you could also try bottom-fishing in the same vehicle at a downside Hidden Pivot I’ve provided.)  _______ UPDATE (2:27 a.m. EST):  Overnight, our respective bids in Comex Gold and Comex Silver missed buyable bottoms by a total of four ticks.  Fortunately, there will always be other opportunities.


Rick's Picks for Thursday
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ESH12 – March E-Mini S&P (Last:1235.25)

by Rick Ackerman on December 22, 2011 4:34 am GMT

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GCG12 – February Gold (Last:1610.10)

by Rick Ackerman on December 22, 2011 4:44 am GMT

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SIH12 – March Silver (Last:29.250)

by Rick Ackerman on December 22, 2011 4:55 am GMT

March Silver (SIH12) price chart with targetsA bottom-fishing setup similar to the one I’ve featured in today’s gold tout is where night owls should look for action. The ‘p’ midpoint where you can attempt it lies at 29.045, and you may use either camouflage, or more dangerously a three-tick stop-loss. The futures would be signaling further distress over the near-term down to as low as 28.505 if the midpoint support is easily breached. If you’d prefer trying to short this vehicle, the 15-minute chart holds some enticing possibilities. Check out the inset if you want to see a subtle one that was developing shortly before 10 p.m. EST. _______ UPDATE (1:59 a.m. EST):  The midpoint bounce we were expecting came at 10:00 p.m. from a single tick above the 29.045 pivot, so officially –and by a hair — we did nothing. The 15-cent rally that ensued would have more than covered the three-tick stop-loss, but it was not to be. The futures subsequently relapsed to a so-far low tonight of 29.010, but there was no reason to have looked for ‘camo’ opportunities, since that number is Nowheresville relative to the 28.785 ‘D’ target tied to the one-off ‘A’ shown (though not labeled) in the chart.

$RGLD – Royal Gold (Last:65.37)

by Rick Ackerman on October 2, 2014 3:38 am GMT

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$+TLT – Lehman Bond ETF (Last:118.41)

by Rick Ackerman on October 2, 2014 1:52 am GMT

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$JNK – High-Yield Bond ETF (Last:40.18)

by Rick Ackerman on September 29, 2014 8:30 am GMT

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$SLW – Silver Wheaton (Last:20.51)

by Rick Ackerman on September 22, 2014 8:23 am GMT

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$SIZ14 – December Silver (Last:17.255)

by Rick Ackerman on September 22, 2014 8:12 am GMT

The futures obliterated an 18.130 Hidden Pivot support on Friday, implying more downside to the 16.820 target shown. Because a tradable bounce from that Hidden Pivot seems likely,  I am recommending bottom-fishing there, albeit with a very tight stop-loss (or with a ‘camouflage’ bid on charts of 3-minute degree or less).  The futures have already slightly exceeded the 17.715 midpoint pivot (p1) associated with A=32.802 (1/25/13), so the new midpoint support (i.e., 16.820) is potentially a very important number. Notice that its easy breach would put an 8.776 ‘D’ target in play. ______  UPDATE (Sep 23, 9:22 p.m. EDT): A Hidden Pivot at 16.270 should also be mentioned as a downside target if the selling snowballs. It comes from a so-so, ’sausage’ pattern on the weekly chart, where A=24.865 on 8/30/13. _______ UPDATE (September 30, 3:53 p.m.):  The low of today’s selloff came within 3 cents of the 16.820 target flagged above.  For reasons noted above, this Hidden Support must not fail. _______ UPDATE (Oct 1, 9:23 p.m.): To remind you (and possibly buck you up): There are two never-say-die pivots not far below with the potential to generate a bounce:  16.500; or if not there, 16.270, as noted above. The lower number is the more conservative and promising place to try bottom-fishing with a tight stop.

$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.

$+TSLA – Tesla Motors (Last:279.20)

by Rick Ackerman on September 3, 2014 5:30 am GMT

Tesla’s strong rally has turned the Oct 3/Sep 5 calendar spread into a solid winner. The spread is currently trading on a bid/asked of 4.50/5.07.  This means subscribers who bought the spread for as little as $1.00 last week could have quintupled their stake. The most paid for it would have been about 1.54. In any case, I’ll suggest offering half of the eight spreads to close today for 4.70. We’ll plan on rolling what’s left on Friday by covering (buying) back the September 5 300 calls we’re short and shorting the Sep 12 300 calls at the same time. ______ UPDATE (10:40 p.m. EDT): The stock’s push to an intraday high at 291.42 made the spread an easy sale for $5.00+, so I’ll consider the order filled.  Now, roll the four spreads that remain into the October 3 /September 12 calendar as detailed above. _______ UPDATE (Sep 7, 10:31 p.m.): The midway price on the spread intraday was 2.30. Imputing the premium to the four October 3/September 12 calendar spreads we now hold would zero out the initial cost of 1.54 and add 0.76 to the real-time value of the spread.  We’ll plan on rolling the spread again on Friday by selling the September 19/September 12 call spread (and thereby covering the short Sep 12 300s), but for now do nothing further. _______ UPDATE (Sep 15, 12:54 a.m.): I’ll use a 0.37 price, midway between the intraday high and low, as the spread price unless I hear from someone in the chat room who did better or worse. Imputing this new premium income to our Nov 22 / Sep 20 spread gives us a CREDIT cost basis of 1.13, for a guaranteed minimum profit on the position of $452. That would be in addition to whatever the Nov 22 calls fetch when we exit them.

+DIA – Dow Industrials ETF (Last:167.90)

by Rick Ackerman on October 2, 2014 2:28 am GMT

I’m tracking four Oct 10 167/169 put spreads for a 0.05 CREDIT, based on subscriber feedback left in the chat room. Traders were able to leg on this position at very favorable prices using a rally target at 171.10 sent out Monday night. It precisely nailed an intraday peak on Tuesday at 171.10, triggering a recommendation to buy the 169-strike puts, and then to spread them off yesterday morning by shorting 167-strike puts after DIA had fallen sharply. We’ll put the position on autopilot for now, since it cannot lose — will in fact produce a profit of $20 no matter what DA does, but with potential to serve up an $820 gain if DIA is trading below 167 come next Friday. For your interest, and to help you determine whether you could have followed my instructions, here is the recommendation exactly as it went out: “We’ll monitor this vehicle more closely for low-risk shorting opportunities in the days ahead. Let’s warm up with an order to buy four Oct 10 169 puts if and when DIA gets within 0.04 of the 171.10 target shown. I estimate that the puts will be trading for around  0.75 then, but you can refine the bid as warranted by training on the bid/asked when DIA gets to 170.90.  We’ll risk a theroretical $80 on this one, stopping ourselves out of the puts if they trade 0.20 below where bought.”


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