Brian Catalucci

I've arbitrarily chosen to emphasize the bullish side of this chart, using a reversal pattern that projects to 5144.00. It assumes that June Gold is on a 'mechanical' buy signal that triggered last week with a dip below the red line (p=4363.30).  (It missed being stopped out by 4467 by $55.)  The somewhat bearish possibility starts with A=5474, the March 6 high. The corresponding midpoint Hidden Pivot support at 4244.8 would be a back-up-the-truck number for bargain-hunting bulls.

You’ve heard from ‘Formula382’ before. A longtime Rick’ Picks subscriber, he manages wealth in the Ozarks, using puts and calls aggressively, with a dollop of good timing, to keep clients happy. He has also shown uncanny skill at rotating out of sectors just before they peak. In a recent chat room discussion, Formula wondered whether the recent sharp break in the price of Walmart shares might be a harbinger of trouble – and not just minor trouble, either. He is concerned that when the bull market ends, possibly as soon as spring, it will usher in an economic depression worse than the 1930s. I not only share his pessimism, but also believe that a bust of such magnitude is unavoidable. Here’s the discussion thread from the Trading Room, lightly edited: Formula382: We’ve all been wondering which stock would lead the market higher now that MSFT has fallen out of bed. Is price action in Walmart perhaps the canary in the coal mine? Is the stock not the largest indicator of overall consumer health? WMT’s dive following the recent earnings report was pretty severe — and fascinating. The company’s CFO expects suppliers to “take price” — i.e., suck up costs associated with inflation and/or tariffs. It turns out WMT doesn’t even factor in the effects of potential tariffs on revenue and earnings. Sounds bonkers to me. The company’s shares have been trading at a 40 multiple, and Costco’s at a nose-bleed 60! These names historically have traded with multiples in and around the mid- to high-teens, much like the S&P. In short, WMT is commanding the multiple of many tech names with just 4-6% same-store sales growth. And not in a hundred Sundays do I believe that the upper crust of the U.S. is now shopping at Walmart. I live in

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.) Rick is postponing this Wednesday's tutorial sessions until next Wednesday, August 2. He will be attending a funeral for a childhood friend who died Saturday of covid. He was in ICU for a month before pneumonia/intubation finally got him. He was 74 and had been in poor physical health before covid. He got all of the jabs and boosters, but contracted covid on one of his frequent trips to Vegas to play poker. If you have signed up for the Advanced Tactics Tutorial this Wednesday, your registration is automatically moved to the Aug 2 Tutorial. Your registration link remains the same. Sincerely Brian (Catman) Rick's Picks

Wednesday Tutorials Have Been Placed on Hold For the Time Being Do NOT Register for the Next Live Wednesday Tutorial Rick's Hidden Pivot Tutorial is normally held second and fourth Wednesday of the month at 12:15 PM EST Click the link below to register to attend the next live Wednesday HP Tutorial When you register for the next live Tutorial, Zoom will send you a link that you will use to enter the webinar. Please safeguard the link as the link does not come from Rick's Picks. You should receive the link in about 2 to 15 minutes. If you don't get a link, let us know via subscriptions@rickackerman.com In these Wednesday Tutorials, Rick gives continuing Hidden Pivot education using real-time charts. Rick highly recommends that all HP subscribers and graduates attend these sessions. Rick uses these sessions to introduce new HP concepts and strategies. This is part of the Hidden Pivot training so don't miss out!      

  Setting up trades that can be initiated with limit bids or offers is the main focus of this lesson. Such trades are a built-in feature of all ‘mechanical’ entries, and we can use them to trade single-share lots of a $3000 stock if we so desire. There will inevitably be losers now and then, but if the initial idea was a good one, there is no reason why we shouldn’t attempt a promising trade a second time. There are some examples in this lesson to illustrate the point.

This is a test Tout from Rick's Picks - please ignore Thanks Rick's Picks

This session, in the words of a student who attended, was about learning to hunt. We hopped from one symbol to the next,  searching not for great opportunities, but for a few of the myriad small ones that occur throughout the day. Those of you with relatively small accounts may find our odd-lotting forays on Amazon’s lesser charts particularly interesting. This is where ‘mechanical’ set-ups are at their most impressive, getting us in and out of a $3600 stock with risk as low as $8.

This is for test simple

New Gold, along with Yamana, Gold Resources and First Majestic, is on my short list of quality gold and silver stocks I am looking to build a position for what I believe will be the next major leg up to $2500+ gold in the years ahead. NGD is now breaking down below a 10 year long trend line. I believe this type of action will shake out the last of the gold bugs and fortunately there is a cluster of daily targets just below at 1.90, 1.83 and a weekly P2 of 1.69. Catching falling knives can be hazardous to your financial health so be patient and wait for the an impulse leg on the daily before committing too many chips. UPDATE (July 26, 1:04 p.m. EDT): In bear markets all news is spun as bad news and NGD's Q2 results yesterday after the close was no different as the stock is being pummeled this morning down as low as $1.42.  Now that NGD is clearly below its long term trendline we are now getting the setup I look for. The time to buy is when there is blood on the streets and NGD has done its fair share of hemorrhaging. Stay disciplined and wait for an impulse on the daily on the way up before you enter.  A pair of d targets below here is where I would start looking for that first impulse leg up on the daily before going long. _______ FURTHER UPDATE(S) by Rick Ackerman (July 29, 5:07 p.m.): I wouldn't touch this stock until it falls below 0.65, a prospect that grew more likely with last week's plunge below a secondary pivot at 1.51. The initial tout, prepared by subscriber David Isham, appears to have underestimated the extent of the bloodbath in New Gold shares. In my opinion,