November 1st, 2014
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Primer for Investing in Canadian Farmland [A while back, our good friend Tom McCafferty argued here that few investments are likely to outperform Canadian farmland over time. In the essay below, he explains how you can invest in Canadian farmland yourself.  Besides being a former farm realtor, Tom is the author of numerous acclaimed books on trading. His Options Demystified is a how-to primer we enthusiastically recommend to all who would seek to profit from puts and calls.  RA]

“Put your money in land, because they aren’t making any more of it!” This is the most famous of the Will Rogers quotes on land or real estate.  When I think about burying some serious money for the long run, I think of farmland.  In a recent op-ed for Rick’s Picks, I was very bullish on Canadian farmland.  My reasons: 1) Canadian farmland is very productive; 2) low cost on a global basis; 3) Canada is a stable country with a very adequate supply of water, energy and fertilizer; and 4) even the weather is cooperative as its growing season gets a little longer each year. » Read the full article


Rick's Picks for Friday
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ESH12 – March E-Mini S&P (Last:1355.75)

by Rick Ackerman on February 17, 2012 4:08 am GMT

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GCJ12 – April Gold (Last:1734.80)

by Doug McLagan on February 17, 2012 7:55 am GMT

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CLH12 – March Crude (Last:102.57)

by Doug McLagan on February 17, 2012 8:35 am GMT

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SIH12 – March Silver (Last:33.625)

by Rick Ackerman on February 17, 2012 10:21 am GMT

March Silver (SIH12) price chart with targetsYesterday’s apparently gratuitous swoon recouped a nasty intraday loss and then some, but the rebound would need to go a further 50 cents, exceeding a 34.060 ‘external’ peak recorded on February 9, before we infer that anything interesting is happening. In the meantime, the p midpoint support of the pattern shown (assuming the so-far point ‘C” holds) would be a good place to look for a buying opportunity via ‘camouflage’ on the lesser charts.  Click here for details concerning the upcoming Hidden Pivot Webinar, where you can learn to do this stuff yourself.

$+SIZ14 – December Silver (Last:15.865)

by Rick Ackerman on October 31, 2014 4:15 am GMT

More downside over the near-term to at least 15.865 (see inset) looks very likely, so traders should position from the short side. The opportunity may be past by morning, but night owls can use an entry trigger on the lesser charts (i.e., 5-minute bar or less) to get aboard. I’ve highlighted the relevant ABC pattern, which appears at the rightmost edge of the chart. ______ UPDATE (9:23 a.m. EDT): Anyone who got short as advised made a pile of money overnight without much stress.  The futures have plummeted and are currently down about 63 cents, having recorded a so-far low at 15.635 that exceeded our target by by 23 cents.

$AMZN – Amazon (Last:299.07)

by Rick Ackerman on October 31, 2014 3:58 am GMT

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$DIA – Dow Industrials ETF (Last:173.48)

by Rick Ackerman on October 29, 2014 12:03 am GMT

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$PCLN – Priceline (Last:1144.22)

by Rick Ackerman on October 29, 2014 12:02 am GMT

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$+SNIPF – Snipp Interactive (Last:0.2490)

by Rick Ackerman on October 28, 2014 2:47 am GMT

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$GCZ14 – December Gold (Last:1224.60)

by Rick Ackerman on October 23, 2014 1:56 am GMT

The failure of Tuesday’s rally to reach the modest, 1260.30 Hidden Pivot target we were using as a minimum upside objective is not exactly a sign of robust health. The target remains theoretically viable because the point ‘C’ low at 1232.00 with which it is associated is still intact. However, the hourly chart has swung bearishly impulsive as a result of the ratcheting, two-day sell-off from the recent high at 1255.60.  Short-term downside potential is to the 1232.30 target shown. If this Hidden Pivot support is easily breached, however, it would suggest more sellers are waiting in the wings. Alternatively, the futures would need to surpass 1246.30 without having first touched the 1239.30 midpoint support (see inset) to turn the hourly chart short-term bullish. _______ UPDATE (October 27, 8:01 p.m. EDT): I expect the next leg down to reach the 1216.40 Hidden Pivot support shown.  Alternatively, a print today at 1236.30 would give bulls a fighting chance. _______ UPDATE (October 29, 1:23 p.m.): 1202.10 is my new downside target — a Hidden Pivot support identified during this morning’s weekly tutorial session. _______ UPDATE: An 1125.00 target broached yesterday during my regular interview with Al Korelin should suffice to keep you out of trouble. I hadn’t imagined the futures would get halfway there overnight.

$+AAPL – Apple Computer (Last:107.34)

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

Apple’s gap yesterday through the 100.41 midpoint resistance (see inset) strongly implies that its D sibling at 105.64 will be reached. Although a pullback to the midpoint should be treated as a belated buying opportunity, I wouldn’t suggest chasing the stock higher. That said, the four labeled peaks are tailor-made for the Hidden Pivot trader who can employ the ‘camouflage’ technique for getting long. If you understand why, you should go for it! _______ UPDATE (8:13 p.m.): The broad averages pulled Apple back down to earth yesterday when the stock tried to go opposite weakness that surfaced around mid-session. This runs flatly counter to my speculative idea that AAPL might pull the broad averages higher. That’s still possible, since yesterday’s 104.11 peak fell 53 cents of a rally target that remains valid in theory. However, we’ll eschew speculation for now and simply watch to see whether  the 102.44 Hidden Pivot support holds (see inset, a new chart). _______ UPDATE (October 23, 1:59 p.m.): Apple has rebounded sharply today, off a 102.90 correction low to a so-far high of 105.05 that’s 59 cents shy of our target. Most longs should have been exited by now. ______ UPDATE (October 27, 8:07 p.m.): Friday’s high at 105.49 came within 0.15 of the target flagged above.  Bulls can continue to hold small long positions for a swing at the fences, but I’d suggest tying your shares to a stop-loss based on a downtrending impulse leg on the 15-minute chart. Currently, that would imply stopping yourself out if an uncorrected fall touches 104.52 _______ UPDATE (October 28, 8:44 p.m.): Still long? Be alert at 107.08, a Hidden Pivot target that looks all but certain to be reached but which could stop the rally cold. You should tighten your trailing stop there in any case. ______ UPDATE (October 29, 9:25 p.m.): The rally has shredded some challenging Hidden Pivots, but let’s see if it can bully its way past the 109.07 target shown. In any case, it is my minimum upside objective for the near term.


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 November 13, 2014. For more information, or to register, click here.