Rick Ackerman

October Gold possibility for night owls

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Following a sharp run-up to record heights earlier in the week, October Gold has begun a retracement that looks likely to continue down to at least 3522.40 [corrected], the midpoint Hidden Pivot support of the pattern shown in the chart below; or to as low as 3433.90 if any lower. The pivot is a logical spot to attempt bottom-fishing with a tight stop loss.  Specifically, you should use a reverse-pattern trigger of 3.0 points on the 15-minute chart if the futures fall into the range 3521.20=3522.50. (Thus, if the futures come down to, say 3521.60 and rally the requisite three points, you would enter on a 3524.60 buy-stop limit.) If you are unfamiliar with this tactic, you should use your own method of risk management to limit initial exposure to no more than $300 per contract. You can also paper-trade this one to familiarize yourself with the style of my recommendations. 

Minimum correction targets for Gold, Silver

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)00:52   Rick:   October Gold looks bound for a speculatively tradable low at 3522.40. Equivalent price for December Silver is 40.480. Both targets are midpoint HPs for rABC patterns on the hourly chart tracing back to July.

Free, timely, proprietary information

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:18  crowngasAnyone got UNH predictions? [{{{ When the stock finishes viciously screwing the pooch since mid-May, it'll be bound at least 33 points higher. Textbook trigger interval is an unappetizing $9.36, which equates to a 287.58 buy-stop entry at the moment. Using a lesser pattern with a somewhat riskier entry, UNH has already signaled a long from 281.18, stop 278.21. This was a 'mechanical' buy that triggered on Friday's pullback (60-min, a= 280.81 on 7/18 at 11:30 a.m.). The target is 290.05. It will be well worth your while to deconstruct my analysis, since this trade is going to make money, RA }}} ] 

IMPORTANT ANNOUNCEMENT FROM RICK

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)16:14  RickIn the week ahead, I'll be modifying the front page in order to expand trading opportunities for subscribers. This will involve substituting a changing list of futures contracts (NatGas, Copper, Corn, Live cattle, Soybeans, Yen) for symbols that are not traded as actively or at all (TNX, DXY, MSFT and GDXJ). I am doing this at the behest of Golden Meadow, which will be offering my trade recommendations as a premium service under the pseudonym 'Ryan Mitchell'.16:15  Rick'Mitchell' is a real person, a guy who works for Golden Meadow who has troubled himself to learn my system, and learn it well. He will reformulate my touts so that they appeal to sophisticated investors who, according to Golden Meadow's co-founder, need 'reasons' to back up price targets and trend forecasts16:15  RickThis goes against my view of markets, since I believe that price movement itself precedes and creates the 'reasons'. But I won't be doing the grunt work the interpolation requires, and I wouldn't be entering into this deal if I were not impressed with the high caliber of 'Ryan Mitchell's' sample work. Ideally, his trading advice will enable investors with no knowledge of my system to reap significant profits from it nonetheless.16:16  RickPerhaps you'll prefer it to mine, and that's why I am suggesting you take a free ten-day trial to Golden Meadows 'Seasonal Trading Primer' service (https://bit.ly/4kh0EoW). It will cost you $67/month after the trial ends.16:16  RickRick's Picks will continue to offer unbeatable value as always, since your subscription allows you to interact with me and others in real time in the chat room, and to request on-the-spot analysis from me for any symbol that interests you. That is a feature you won't find

MSFT note, and tradable

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:19  skibumRA: Good morning. Would you please share your latest thoughts on MSFT, if and when available? Thanks.13:0013:01  RickA gold update that I posted yesterday failed to publish on the home page, so I've re-posted it just now. Gold's annoying dip this morning did not change my outlook, which softens the one given originally calling for a drop to as low as 3176.13:13  RickMSFT: I still think the little hoax is headed to 503.69, and I will refrain from drum-rolling this target to avoid queering is awesome, dark voodoo magic. This correction should turn from 489.00, so you can back up the truck there as long as you use an absurdly tight stop-loss. If sellers crack 489.09 hard, the stock could fall to 486.35, or possibly 483.61. 

Update to the gold tout has softened my outlook

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)13:01  RickA gold update that I posted yesterday failed to publish on the home page, so I've re-posted it just now. Gold's annoying dip this morning did not change my outlook, which softens the one given originally calling for a drop to as low as 3176. 

From the chat room this morning….

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:00 10:25  RickMy ES target was a near dead-center bullseye, but I doubt this will mark the top, since it created a quite powerful impulse leg on the daily chart.10:25  RickI have become somewhat guarded about detailing the provenance of my Hidden Pivot patterns and targets. I am no longer promoting or selling any courses because my latest tricks work too well to share with just anybody. The same is true of my radical methods for trading options, which I demonstrated in here on two consecutive days a couple of weeks ago.10:26  RickHowever, I do plan to share some of my best secrets with those of you who maintain your Rick's Picks subscription with no lapses. Also, I will soon offer the $1400 'flagship' course free to new signups and to subscribers who have been with me for at least a year.10:26  RickI had a fascinating meeting over the weekend with a guy who is considered one of the top Tradestation programmers in the world. (Not Mike Barna, but someone he introduced me to.) My goal is to algorithmically automate certain types of trades that have been working particularly well for me. I spent two hours showing him in minute detail how these set-ups work.10:26  RickI had regarded them as explicitly rules-based, but he said there is more instinct going into these set-ups than I knew. (That explains why those of you who took the 'Advanced Tactics' course have had to work hard to turn ostensimply simple rules into consistent money-makers.) We settled on automating one particular type of trade. If it works, this is the last you will hear about it. Virus-free.www.avg.com

A note concerning Crude Oil from the chat room

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)10:22  RickMy 14:33 post from yesterday caught the top of June Crude's rally within four cents. The so far $1.63 selloff could have been worth as much as $1560 per contract to anyone who got short as I'd suggested. I am not going to remove crude from my short list, even though with Artie gone from the chat room, subscriber interest in the futures contract appears to have fallen to zero. Virus-free.www.avg.com

Impromptu session shortly, at 12:15 EDT

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Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)From the chat room just now: I've got some time on my hands this morning, even if the New World Screwworm has dominated my thoughts over the last 48 hours.  Let's do an impromptu  session at 12:15 EDT.  The object will be to crank out a winning option trade in real time. I'll post a Zoom link here around 12:10.  Put-and-call greenhorns in particular are invited.Virus-free.www.avg.com