Ricks Picks header image

Short-Covering to the Rescue!

1 comment

Index futures were glowering with menace early Tuesday morning, up slightly around 2:30 a.m. and trying to goad bears into a second day of short-covering. That is the only souce of buying power these days, unless you want to believe that the steep downturn in corporate earnings over the last couple of quarters has turned bulls feisty. I haven’t gone too far out on the limb with today’s forecast for the E-Mini S&Ps, although there is a precise level for bears to use if they want to avoid getting impaled by yet another distributive rally.

  • Jason S May 17, 2016, 11:19 am

    Come on Rick, Buffett bought a billion dollars of AAPL, its Dow 36,000!


Do you want up-to-the-minute technical analysis and forecasts for your favorite stocks, commodities, ETFs? Join our Monthly Take Request Session.

No, I'm not Interested

Free Butterfly Spread Video Training

Discover an ultra-easy trading strategy that delivers darn-near-zero risk in this free 1 hour video training.

Do you want up-to-the-minute technical analysis and forecasts for your favorite stocks, commodities, ETFs? Join our Take Request Session on June 15th!

No, I'm not Interested

The Story You Haven’t Heard About the GameStop Saga...

Join Us Thursday, Feb 11th @ 12ET For a Live TELL-ALL Webinar

No, I'm not Interested