September 19th, 2014
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From the monthly archives:

April 2012

June Gold looks to be consolidating on the perhaps-too-obvious trendline we’ve been studying in recent weeks. Although this is auspicious on its face, I’ve nonetheless recommended a relatively loose stop-loss for the single-contract tracking position that remains.  Meanwhile, in GDXJ, a ‘camo’ entry opportunity could get away from us if it opens too strong.

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SIK12 – May Silver (Last:31.835)

by Rick Ackerman on April 30, 2012 7:49 am GMT

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ESM12 – June E-Mini S&P (Last:1400.50)

by Rick Ackerman on April 30, 2012 7:28 am GMT

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GCM12 – June Gold (Last:1659.80)

by Rick Ackerman on April 30, 2012 7:15 am GMT

June Gold (GCM12) price chart with targetsWe hold a single contract with an effective cost-basis of 1641.50.  This is a tracking position for your further guidance, since two subscribers confirmed entry on the terms spelled out here Friday. The futures appear to be consolidating above the trendline we’d focused on, and although that will give us more leeway to let paper profits run, it is never wise to forsake a stop-loss. Accordingly, I’ll recommend placing one for today at 1649.10, which is where the hourly chart would turn bearishly impulsive.  The price point is shown in the inset. _______ UPDATE (11:43 a.m EDT):  We exited on a gratuitous swoon to 1645.10 for a theoretical gain of $360 per contract. We’ll try again when an irresistible opportunity like the last arises. It is not a positive sign that the futures could not hold the trendline.

We wrote here recently that as Apple shares go, so goes the U.S. stock market. How has the stock fared?  Last week there was quite a bit of excitement when the broad-tossers who manipulate the stock for a living short-squeezed the bejeezus out of it after the close, leveraging a strong earnings report that could have surprised only Wall Street’s clueless analysts. Moments after the news hit the tape, AAPL gapped up 9% in a blink, recouping two-thirds of the losses it had suffered the previous two weeks, when it plummeted $90 from an all-time high at $644.  From a technical standpoint, what was interesting about the  decline is that it reversed from within 29 cents of a “Hidden Pivot” correction target we’d disseminated to subscribers a few days earlier. For if the stock had exceeded that number by more than a couple of dollars, it would have held bearish implications for the short-to-intermediate-term. However, because the pivot survived, there was no way to judge the mettle of bulls until Apple rallied out of the hole. » Read the full article

SIK12 – May Silver (Last:30.930)

by Rick Ackerman on April 27, 2012 8:32 am GMT

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GCM12 – June Gold (Last:1664.40)

by Rick Ackerman on April 27, 2012 8:22 am GMT

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GDXJ in play once again

by Rick Ackerman on April 27, 2012 8:10 am GMT

GDXJ is in play once again for reasons anticipated in Thursday’s tout. Check out the tout and the accompanying chart to see how a long entry can be approached.  Click here for a free 7-day trial that will put you at ringside for this one.

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