Rick Ackerman

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. 

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. 

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

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

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

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Putting aside the promotional hubris of my 'Outrageously Bullish Forecast', there is a bearish case, and it is stated visually in the chart linked below. As you can see, the A-B rally begun on April 9 did not exceed the small, look-to-the-left 'external' peak from a week earlier. That means 'A-B' is not even impulsive. The rally does seem to be weakening, and that's why I am raising the possibility that it is just a garden-variety bear rally, the first of several we might see in the next 2-3 years. Here's a link to the chart: https://bit.ly/3GxAlNd Virus-free.www.avg.com

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)  To:  Rick’s Picks subscribersFrom: RickSubject: A radical new way to trade options  I’ve been promising a course on options trading for years, but my tactics have evolved to the point where I no longer wish to share them with the general public.  Although I will not likely be marketing or selling such a course in any form, I plan to offer the material for free to certain subscribers. If the prospect intrigues you, check out the discussion thread below from the chat room. It concerns an option trade today that missed triggering by a penny on the first of two opportunities (see attached chart). Even so, it clearly demonstrated the ability of the Hidden Pivot Method to ferret out trades with extraordinary timing and precision. You can match the discussion time-stamps to the chart to verify this for yourself.  RA                              From the Trading Room, late afternoon….    15:00 15:12  Rick47 minutes to go. Let's see if we can find an expiring at-the-money to trade. Sort of like wandering onto the road just ahead of a pack of Tour de France cyclists. Stay tuned if you're interested.15:14  Formula382LFG!15:20  RickNot much to like. Maybe, buy SPY 545s if SPY falls to touch 544.91. I'll say "Go!" if this one comes home. Caalls trading for around 1.50 at 50 deltas. Too pricey. Let's look at 146s. // Okay, now watching the 547s at 33 deltas /// Need for the pullback to 544.91 to happen soon // Looks like we'll be trying to buy the 547s for around 0.35 if SPY prints down to 544.91 /// Come to Papa.... // 0.35 bid for a few15:29  Formula382Limit set!15:30  RickMissed by a penny, dammit. Cancel order.15:31  Formula382cancelled15:32  RickThe 16-cent rally so far from 0.36 works

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)SPX 4300 in the preface to this week's commentary has been corrected to 5300.Virus-free.www.avg.com

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)The Rick's Picks Chat rooms are back up. Brian (Catman) Rick's Picks