Rick Ackerman

Could This Be Just a Bear Rally?

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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.)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

For your interest, 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.)  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

Erratum

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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.)SPX 4300 in the preface to this week's commentary has been corrected to 5300.Virus-free.www.avg.com

Join me tomorrow morning for a ‘requests’ session

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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.)I'm doing a 'requests' session tomorrow at 10:30 a.m. under the auspices of GoldenMeadow. Here is a registration link if you wish to attend: https://bit.ly/4gztAqm Please come prepared with a stock, ETF or commodity symbol that interests you.  Hope to see you there! All the best,  Rick AckermanEditor, Rick's Picks

Join me on Thursday for a ‘requests’ session

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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.)Happy New Year!   Please join me online this Thursday, January 9, at 10 a.m. EST for a ‘requests’ session hosted by Golden Meadow. I have been working with the site’s owners in recent weeks to familiarize their audience with my forecasts. The event will be an hour long and similar to sessions I have held for Rick’s Picks subscribers in the past.  I will try to cover as many tradable symbols as possible, so bring ‘em on! All the best, Rick AckermanEditor, Rick’s Picks  Dominik Starosz from Golden Meadow invites you to Discover Rick's Formula for Accurate Price Forecasts Thu Jan 09, 2025 10:30 AM - 11:30 AM, EST - GMT(-05)  Location Circle Live  Accept invite View event  Change notification settings    Unsubscribe from all emails  Virus-free.www.avg.com 

FYI, here is a rewrite of my MSFT update that is geared to an audience of non-subscribers

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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.)Is Microsoft's Plunge Mr. Market's TellIs it possible my recent decision to resurrect Microsoft as our #1 global bellwether caught a very important top? We could know soon. I had put the stock on the back burner because it spent most of 2024 carving out an unremarkable head-and-shoulders pattern. Now it would appear that MSFT's lackluster performance may have been warning of a quiet but massive distribution by portfolio managers. I started to doubt this last week when the stock's manic upthrust over several days threatened to turn the H&S pattern into a bullish consolidation. Another $2-$3 higher and that is what would have happened. Instead, with today's hellish dive, the bearish perfection of the year-long pattern and its incipient threat of disaster were restored in mere hours. The plunge was nastier than we might have expected, especially considering the software giant's revenue stream from recurring subscriptions is practically bomb-proof. And yet, the stock fell 3.76%, trailing only Amazon and Tesla in the megastock loser's column. The latter's share price is so bloated with Musk-worship in a fatally saturated EV market that TSLA seems destined to become the best short in the lunatic sector (aka 'Magnificent Seven') as the bear market runs its course.  I'd warned in the current 'Morning Line' (see above) that Mr Market might throw the kill switch at the height of Santa season, the better to crush the multitudes who evidently fear an ugly surprise, if one materializes, early in the new year. If Wednesday's selling picks up tempo into week's end, we'll have our answer: a Christmas bloodbath for investors. How very clever it would be for Mr Market to disguise the onset of an

Concerning Bitcoin and Hidden Pivots

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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.)Okay, so I think Bitcoin is a hoax that will end badly. Even so, my swing forecasts and trade recommendations are as consistently accurate and profitable as any you are likely to find online.  This one was posted in the chat room Tuesday morning (see first attachment). RA       Virus-free.www.avg.com

Important update for December Gold

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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.)[Not all of you have checked 'Notifications' on your account dashboards, so I am manually sending out this important update to all subscribers.  RA]   $GCZ24 – December Gold (Last:2621.60)Sunday, November 10, 5:15 pm EST 0Gold futures have taken a nasty hit since topping on October 30 within 1.60 of a well-advertised Hidden Pivot target of mine at 2803.40. Even so, the downdraft has yet to generate an impulse leg on the daily chart by exceeding two prior lows. That would occur with a print at 2618.70, but even then, its putative power could be diminished if the bounce from Thursday's low gets a little more loft. We'll give bulls the benefit of the doubt as the new week begins by assuming a 'mechanical' buy at the red line produces a big winner. The target would be 2940.10 (see inset), and the initial stop-loss would be at 2546.70. Please note that the trade has yet to trigger, since the selloff has gone no lower than 2650.30.  Paper-trade this one only if your Hidden Pivot chops are up to snuff. _______ UPDATE (Nov 11, 12:08 p.m.): This morning's avalanche brought the futures down to the red line, so I'll suggest using a $17 trigger interval to get long. This is bigger than I would prefer, but it will diminish the chance of a false signal. With a so-far low of 2619.20, the 'buy' signal would occur on a 2636.20 print. Your first profit-taking objective would be at p=2653.20, where d=2687.20 (60-min, a=2650.30 on 11/6).  This is a paper trade for all but the most intrepid Pivoteers. I am mainly interested in determining whether bullion has topped for the long term. The trade set-up I am suggesting is a