Price action early Tuesday morning was so tired that it looked almost incapable of generating any heat unless sparked by some sensational piece of news overnight. Unfortunately for traders, as of around 2:40 a.m. EST, the child-molesting teachers at an L.A. school were holding the top spot above-the-fold […] Read More
The lesser charts are in an impulse-leg duel that portends nothing special over the next day or two. Bulls held a small edge early Tuesday morning, but short-term potential would likely be limited to 34.085, the 'D' target of the pattern shown […] Read More
Gold's downtrend stalled yesterday between two minor, bearish Hidden Pivots, but not before the June contract had taken out three more external lows. This is discouraging action for the near term, and it suggests the 1702.00 target given here earlier remains a good place to look for a tradable low. Alternatively, we can set the […] Read More
A lot of effort went into yesterday's failure to surpass last Wednesday's 79.57 peak, implying the dollar is in no hurry to go places -- including, probably, significantly lower. Dueling impulse legs on the hourly chart look sufficiently conflicted to put this vehicle into a state of tedium for perhaps another 3-4 days. Regardless, a […] Read More
Early Tuesday morning, the futures were receding from a high-water mark just above the previous day's peak. This has generated a fresh, bullish impulse leg on the intraday charts, along with the prospect of a C-D follow-through to as high as 1344.25. The target is predicated on a so-far 'C' low at 1338.25 holding, and […] Read More
It’s a sad time for America when a firm that does what Facebook does is on track to become one of our largest companies. Based on capitalization, the web-based lubricator of social interaction could be in the top 50 within a few years, or even in the top 25 if analysts’ wildest expectations pan out. […] Read More
Lurkers sometimes come into this forum to take potshots at my forecasts, evidently unaware that the techncial analysis they might find in my commentaries is often less precise, timely and finely nuanced than that which paying subscribers receive every day. One such lurker was ‘Steve,’ who culled an $18.355 target for March Silver from a […] Read More
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The laser-like 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.
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Here’s the Set-Up…
Wednesday’s Volatility Bet
Why 30-Year Rates Are Headed to 1.64% or Even Lower
No Rest for the Wicked
Just Because a Rally Stinks…
Straddles Ahead of Freaky Friday?
As Chipotle Goes, So Goes…America?
Eclipse Fails to Spook Stocks
Fed Must Now Confront the Real Threat: Deflation
Rate-Hike Silliness on Steroids