October 22nd, 2014
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The stock market hasn’t been much fun to trade in a while, but that could change today as the broad averages approach some potentially important rally targets of ours. Want to know exactly where these targets lie but don’t subscribe?  Click here for a free trial subscription that will give you access to our proprietary numbers. One of them foresaw a 600-point rally in the Dow that is nearly complete. The other is a bullish target for the E-Mini S&Ps that smacked us in the eye yesterday with its clarity.  There are also two bank stocks whose deft handlers appear to be setting up suckers for the kill. These financial biggies are household names, but because they are in the thick of Europe’s bailout hoax, they are destined to go down with the ship. Under the circumstances, the hysterical, short-squeeze rallies that have driven their shares steeply higher may be ready to seven-out. » Read the full article


TODAY'S ACTION for Wednesday

Preparing to Short the E-Mini

by Rick Ackerman on February 8, 2012 3:11 am GMT

I’ve asked veteran camouflageurs who frequent the chat room to guide less-experienced traders if an exceptional opportunity to short the E-Mini S&P should occur when I’m not around.  If our entry trigger gets hit while I’m conducting the weekly tutorial session online between 11 a.m. and noon EST, I’ll make sure the information is disseminated in the chat room at that time.


Rick's Picks for Wednesday
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ESH12 – March E-Mini S&P (Last:1350.25)

by Rick Ackerman on February 8, 2012 3:06 am GMT

March E-Mini S&P (ESH12) price chart with targetsI’ve alluded to a key target in today’s commentary, and although merely talking about it has made it one of those high-profile numbers that are probably jinxed from the start, the Hidden Pivot itself is real enough and should provide sufficient stopping power to allow us to get short without risking too much.

Putting aside the promotional hubris of today’s commentary, which the public can access, subscribers should be aware that if the futures reach the 1353.00 target, they’ll be in new recovery territory, trading above April’s important 1344.50 peak. That implies that they will have created a fresh bullish impulse leg on the daily chart, an eventuality that will shorten the odds of our hitting a four-bagger on a bear trade. Still, our goal will be to get aboard without stress, and to simply go with the trade as far as it will take us.  My hunch is that the 1353.00 pivot will be hit overnight Tuesday or Wednesday morning, so I’m depending on the legion of experienced camouflageurs who frequent the chat room to guide rookies if things pan out as we might wish them to. _____ UPDATE (February 9, 11:22 a.m. EST): The futures spiked to 1352.75 about 50 minutes before the opening bell.  Some subscribers evidently got short, and said so in the chat room. However, strictly speaking, it was not possible to do so via camouflage until about 90 minutes later, so I won’t record the trade officially.  Unofficially, though, and for your further guidance, with the futures currently trading around 1346.00, I’d suggest covering three-quarters of the original position for a profit, tying the remaining 25% of it to a stop-loss at 1349.75.  This is not a trade on which we should be swinging for the fences, since the markets are waiting opportunistically for news on Greece – any news at all will suffice — that will conduce yet another short-squeeze and running of the bears.  Concerning the Fat Lady’s aria, keep in mind that there is still an outstanding target at 13085 in the Dow Industrials. _______ FURTHER UPDATE 11:36 a.m. EST): The 15-minute chart is currently bearish, working on an ABC correction (A=1350.25 at 9:45 a.m. EST) that projects to 1337.50. This implies a possible ‘camo’ buying opportunity on any minor abc rally at the 1342.00 midpoint associated with the target. That last number is also my minimum downside objective for the very near-term. ______ AND FINALLY(1:34 p.m. EST): As I noted a short while ago in the chat room, the fact that the futures were unable to correct down to the 1342.00 midpoint augurs new highs, probably today.

BAC – Bank of America (Last:8.05)

by Rick Ackerman on February 8, 2012 3:27 am GMT

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GS – Goldman Sachs (Last:114.36)

by Rick Ackerman on February 8, 2012 3:36 am GMT

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GCJ12 – April Gold (Last:1753.00)

by Rick Ackerman on February 8, 2012 9:08 am GMT

April Gold (GCJ12) price chart with targetsApril Gold did not adequately correct the hourly chart to set up an instant push above last Friday’s 1765.90 peak, but the 30-minute bars will at least get the futures to the 1760.20 ‘D’ target of the lesser pattern shown (see inset).  If it gives way easily, bulls should have little trouble taking out the higher peak soon thereafter.  (Click here to learn more about the Hidden Pivot Method we used to forecast and trade futures and stocks.)

SIH12 – March Silver (Last:34.230)

by Rick Ackerman on February 8, 2012 9:29 am GMT

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$AAPL – Apple Computer (Last:102.47)

by Rick Ackerman on October 22, 2014 8:18 am GMT

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$ESZ14 – Dec E-Mini S&P (Last:)

by Rick Ackerman on October 22, 2014 7:47 am GMT

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$DIA – Dow Industrials ETF (Last:165.81)

by Rick Ackerman on October 22, 2014 7:18 am GMT

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$JNK – High-Yield Bond ETF (Last:40.52)

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

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$GCZ14 – December Gold (Last:1248.80)

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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$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 Wednesday

Something for Your Sweetheart…

by Rick Ackerman on February 8, 2012 12:01 am GMT

Romance your sweetie on Valentine’s Day with the songs of  Sinatra.  One of my oldest friends, Rick Apt, runs the best Old Blue Eyes memorabilia-and-music site on the web. For an earful — and some terrific February 14th specials — click here.


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