Tuesday, December 27, 2011

ESH12 – March E-Mini S&P (Last:1263.00)

– Posted in: Current Touts Free Rick's Picks

Today's airless dirge has gotten the futures within a single tick of a minor, 1263.25 midpoint resistance tied to a seemingly equally boring 'D' target at 1267.00 (1-minute chart, A=1256.25 at 9:37, B=1264.00, and C=1259.25 at 10:55 a.m.). These numbers may sound insignificant for trading purposes. However, the reason such in-between-the-holidays slop could be worth the dilgent camouflageur's attention is that a print exceeding 1269.25 would surpass two major peaks on the daily chart -- one internal, one external.  This could conceivably set in motion a chain-reaction with the potential to terrorize shorts for the remainder of 2011.  It could also provide a rampaging start to 2012.

Video: Peering into 2012

– Posted in: Links

To prepare for the New Year, we looked at the charts for the S&P index, gold, silver, T-Bond futures, the euro and the dollar Friday morning. Some of the conclusions will surprise you, and that’s why we are making this recording available to all. The session concludes with a Q&A period during which questions from some of the 150 who attended were answered. The entire recording runs two hours, but stay as long as you like, or fast-forward to the juicy parts.

Setting the hook for a huge short-squeeze?

– Posted in: Free Rick's Picks

Don't let today's suffocatingly boring price action distract you from the fact that the E-Mini S&Ps are just inches from creating a powerful, bullish impulse leg on the daily chart.  That is indeed the case, and it would therefore behoove shorts in particular to pay close attention to such little details as I've noted in the just-published tout.

GCG12 – February Gold (Last:1600.50)

– Posted in: Current Touts Free Rick's Picks

Comex futures have begun trading Monday night but are barely registering a pulse.  February Gold is down 0.40 at the moment, trading 1.70 off the so-far low, and although there are possible camouflage opportunities to be detected on the one-minute chart, it will probably be more trouble than it's worth trying to initiate trades overnight.  Even so, I've included a chart that shows numerous external peaks that could useful for this purpose. ________ UPDATE (7:44 p.m.):  My advice is to stay clear. The predators who work the night shift are very much in charge right now, having engineered an air pocket moments ago that hit a 1600.20 downside Hidden Pivot target to-the-exact-tick. Even if we had been bidding at that price, there would have been no fill, since only a handful of contracts traded at the low.