Rick Ackerman

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)08:32  RickLinked below is a pattern in Dec Gold that I like very much. The obliteration of p=1938.30 on first contact means more slippage to at least 1922.00 is all but certain. Two obvious rABCs also visible in this chart suggest a bounce from 1922.00 has the potential to hit 1960, or even in71. Here's the chart:08:32  Rickhttps://bit.ly/485AikS The link:  https://bit.ly/485AikSVirus-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.)We are playing with CCL puts, based on first-hand knowledge of a covid disaster that marred a very recent Alaska cruise aboard a CCL Princess liner. Here's the latest, but check the Trading Room for further discussion: Let's try to add four 29 Sep 13.50 CCL puts for 0.16, day order; and four more for 0.12, day order. If either or both orders fill, we will seek to turn our position into a bearish vertical put spread (simple instructions to follow). RA 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.)  12:10  RickCCL: Let's get our feet wet with an 0.08 bid for four 29 Sep 12.50 puts. I am using a conventional Hidden Pivot pattern to locate the bid. If it gives way by day's end and the option closes below 0.08, odds will favor a further fall to zero (or at least to 0.05, a 'hidden' support). That's the caveat, but we will keep the puts anyway, since you can never predict whether the Carnival cruise 'story' will take flight over the weekend. I sure as heck wouldn't be selling puts on CCL, even after its 25% fall since late June. Do NOT, even if you were dazzled by the 40-bagger just achieved in AAPL, jump on these puts in a big way. The trade is simply to put CCL in our crosshairs -- but also to create profits so that the 60 boss jocks who have just now come here from USAWatchdog will not have to pay for a year's subscription with, heaven forbid, hard-earned money. We can look for potentially better set-ups next week, but I like this opportunity to begin with.  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.)Thursday, August 31, 2023 08:0008:26  BillESU23 has slightly exceeded the important x=4535.31 level. [ {{ Try not to think of 'x' as an important level. It is neither a Hidden Pivot, nor a support nor a resistance, just a place where we set up some of our trades. RA }}} ]08:34  RickHere is the pattern that will be controlling ES today. It is sufficiently gnarly to work no matter what your purpose:08:34  Rickhttps://bit.ly/3PhA2bc08:42  BillThanks for posting this pattern, Rick. [ { Ur welcome, Bill. Enjoy! RA }]09:0009:07  RickIf you use p=4548.13 to get short, I'd recommend a trigger interval of 4.0 points. The current micro-selloff could change that, so check with me before you act. 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.)Posted moments ago in the chat room: The Labor Day deadline is approaching for longtime subscribers invited to take the 'Advanced Tactics' course. It will be the last such invitation sent out to this group this year, and possibly next. I will continue to limit access to subscribers who have been with me for at least two years and who have taken either the Hidden Pivot Webinar or the course on 'mechanical' set-ups. The $899 price will never be repeated.Virus-free.www.avg.com

A Notice from Rick in the Trading Room   As promised in the chat room, here are some links to analysis from Bob Hoye that I think you will find interesting and insightful. The first is a 'Charts and Markets' update he sent out a couple of days ago that is very bullish on gold and gold stocks.  Click here to bring it up in your browser.   The second is a fellow deflationist's take on a real estate market that seems headed toward certain collapse. If you click a link embedded in the article, you'll find a special bonus -- a fascinating piece written for Barron's by Jim Grant that tracked the history of a blue chip property in Manhattan as it fell on increasingly hard times during the Great Depression.   I tried to locate the article years ago, but neither Jim nor his secretary was able to find it. When Bob began to describe it in a conversation I had with him yesterday, I knew instantly what he was talking about. I am grateful to him for coming up with this gem, and for allowing me to share his work with Rick's Picks subscribers.      

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Hello, everyone.  This will allow me to send out trade alerts posted in the chat room more easily. RAVirus-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.)> This is a test of Rick's Quick notification system > > Thanks > > Rick's Picks > >>> >> >

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)This is a test >> >