Over One Thousand Paid Subscribers Won’t Make A Trade Without Looking At Rick’s Picks First…
- Laser-accurate trading recommendations
- Real-time notifications whenever Rick updates trade advisories
- A round-the-clock chat room that draws veteran traders from around the world who share timely, actionable ideas
- Invitations to live, online events
- Take-Requests’ sessions. Join Rick live for real-time technical analysis that can help you mitigate risk and improve your profitability
- Timely links to the very best financial analysts and advisors
- Specific coverage of stocks, options, mini-indexes, gold, and silver
Rick's work has been featured in
Rick's Free Picks
$GDXJ – Junior Gold Miner ETF (Last:42.39)
Although the downtrend’s stall at 40.24 suggests the midpoint support might hold, my bias is bearish due to a silver chart that suggests bullion’s correction has further to go. That implies sellers will breach p, headed to at least p2=38.00, or possibly to d=35.77. That is as bad as I
TLT – Lehman Bond ETF (Last:88.41)
So much for the extravagantly bullish speculation that I allowed in the last few touts and in a recent commentary. This vehicle continues to look like hell, and so we’ll revert to the still unachieved downside target at 80.84 as a minimum objective. An upthrust of 4.44 points would be
$CLK24 – May Crude (Last:83.02)
Although 2024’s steep rally from $69 failed just shy of an important Hidden Pivot target at 88.54 (see inset), I expect a second-wind push to get there, surpassing the key external peak at 88.31 recorded in June 2022. That would create an impulse leg of weekly-chart degree sufficiently powerful to
$DXY – NYBOT Dollar Index (Last:106.12)
The previous tout suggested the dollar could range-trade for a long time between 100 and 110. However, if it merely pushes above the 107.99 ‘external’ peak shown in the chart, that would command our attention and respect. It would also be something to fear, since a resurgent dollar would put
Member Content
Unlock member content with a free trial subscription
THE MORNING LINE
Red-Hot Nvidia Recalls RCA Mania of 1929
The chart above shows RCA’s spectacular climb to the Mother of All Tops in 1929. The larger chart that frames it shows what Nvidia shares would have to do to replicate the peaks and troughs that set up RCA’s plunge into hell. Notice that the stock’s final top (#4) was just marginally higher than one recorded six months earlier. NVDA’s chart would look nearly identical if the stock were to hit 1000 in May. It got a potential running start on this with last week’s 120-point leap to 877.35.
Nvidia is the dominant supplier of hardware and software for AI and makes a good comparison with RCA. The latter had a commanding position in one of the hottest games in town, home entertainment. The company’s console radios and record players provided a big step up from the days when a spinet piano in the parlor was the main source of music in the home.
How Hot Is Nvidia?
So how hot is Nvidia? Two months ago, it became the third company in U.S. history to achieve a $2 trillion valuation. Moreover, it reached that benchmark just 180 days after hitting the $1 trillion mark. That compares with 500 days for the two biggest companies, Apple and Microsoft. Nvidia is also regarded as one of the most exciting places to work in Silicon Valley at a time when many firms have been downsizing. Half of the firm’s workers reportedly made more than $228,000 last year.
The company’s hold on investors’ imagination of the future has produced a buying mania in the stock that is every bit as heated as the one that occurred in RCA nearly a century ago. Will their charts ultimately coincide, implying a bloodbath ahead? Quite possibly not, especially if the coincident charts become too widely observed in the weeks ahead. Even so, if a push above $1000 generates enough bullish hubris, that would be reason enough to take the similarities between the two charts seriously.
What our customers are saying about us...
Forecasts Delivered Before
The Morning Trading Bell Rings
As a Rick’s Picks subscriber, you will be getting this information the moment it’s posted on the membership site, usually shortly after midnight Eastern Standard Time… more than enough time to capitalize on Rick’s suggestions.
Then, throughout the day as Rick updates his forecasts with additional guidance based on market conditions, you’ll be instantly informed via email alerts… allowing you to take full advantage of breaking trends and market fluctuations.
These picks include a rotating basket of stocks, futures, indexes, and other hot issues, with a daily focus on precious metals. Rick’s Picks subscribers have their favorites, so Rick regularly covers Comex Gold & Silver, the NASDAQ, the Euro, and the E-Mini S&P in addition to the hot issues he believes will offer significant profit-taking opportunities for his subscribers.
Each specific pick is hand-selected by Rick, and includes actionable trading advice, specific price targets, and annotated Hidden Pivot charts with supporting data.
Your Free Subscription Includes:
- Laser-accurate trading recommendations
- Real-time notifications whenever Rick updates trade advisories
- A round-the-clock chat room that draws veteran traders from around the world who share timely, actionable ideas
- Invitations to live, online events
- ‘Take-Requests’ sessions. Join Rick live for real-time technical analysis that can help you mitigate risk and improve your profitability
- Timely links to the very best financial analysts and advisors
- Specific coverage of stocks, options, mini-indexes, gold, and silver
Your Satisfaction is Guaranteed
Once you see how powerfully accurate Rick’s forecasts truly are, we’re sure you’ll stay on as a full member. But if for any reason you’re not convinced, simply cancel before the two week’s end and you won’t owe us a single dime. Fair enough
Paid Subscriptions We Offer
Monthly
Annually
Rick’s Picks Subscription
If you are looking for trading recommendations and forecasts that are precise, detailed and easy to follow, look no further.-
‘Uncannily accurate’ daily trading forecasts
-
Real-time alerts
-
Timely commentary on the predictions of other top gurus
-
Timely links to the world’s top financial analysts and advisors
-
Detailed coverage of stocks, cryptos, bullion,
index futures and ETFs -
A 24/7 chat room where veteran traders from around the world share opportunities and actionable ideas in real time
Mechanical Trade Course
A very simple set-up that will have you trading profitably quickly even if you have never pulled the trigger before, and even with a small account.-
Leverage violent price action for exceptional gains without stress
-
Select trading vehicles matched to your bank account and appetite for risk
-
Reap fast, easy profits by exploiting the ‘discomfort zone’ where most traders fear to go
-
Enter all trades using limit orders that avoid slippage, even in $2000 stocks
-
Learn how to read the markets so that you no longer have to rely on the judgment of others