THE MORNING LINE
Stick It!
Although we featured pithy weekly commentaries in this space for many years, the time and effort spent crafting them is now devoted to making the Rick’s Picks Trading Room an unbeatable source of timely trading ideas for novices and professionals. You should check here weekly, since I will continue to post links to my latest interviews and to offer visual enticements designed to entertain, amuse and enlighten you. Much of it will come from YouTube, since their video catalog is endlessly fascinating. Submissions, including home videos, are welcome and should be sent to this address. To get things rolling, click here for an unbelievable drum solo that demonstrates why the late Buddy Rich would never have worried about being replaced by a synthesizer. The headline is the title of one of his many albums.
Subscribe Free!
The analytical ‘touts’ below, overhauled each Sunday and updated 24/7, will continue as always, as will their barbed emphasis on the similarities between Wall Street and sleazy carnival midways. The remarkable accuracy of our trend calls and price targets is a matter of daily record and must be observed up close to be believed. Sign up for a free trial with access to all site amenities by clicking here (no credit card needed). Then click here for my most recent interview with Howe Street’s Jim Goddard. We talk about the Information Age and whether there is enough value in manipulating data to keep America prosperous and to support grotesquely bloated asset prices.
Rick's Free Picks
$CLQ26 – August Crude (Last:82.49)
Although buyers did not quite impale the midpoint Hidden Pivot at 79.37 on first contact, they broke free of its gravitational pull with sufficient force on Friday to all but ensure more upside to at least p2=85.53, or more likely to the d target at 91.69. Traders, and even the
$TNX.X – Ten-Year Note Rate (Last:45.41)
The bull is taking its time consolidating for an upthrust to the 4.82% target shown in the chart. The process could include a dip to x=4.48% that would trigger a theoretical buy signal. Although we do not actually trade this vehicle, such a signal could be easily leveraged using TLT
$ESU26 – September E-Mini S&P (Last:7494.75)
The futures ended the week on a tempting buy signal that was best ignored, since it is impossible to predict on a Friday what fresh hell Sunday’s news might bring. The headlines were decidedly bearish in producing Thursday’s overnight cascade: crude prices were up nearly 4%, Xi Jinping was boasting
$GDXJ – Junior Gold Miner ETF (Last:97.80)
Last week began with a doomed two-day rally that left our 82.46 target unchanged. It has now been five months since shorting an upthrust proved to be a bad bet, and that will probably hold true at least until GDXJ finds a bottom at or near our target. It is
Rick's work has been featured in
Monthly
Annually
Rick’s Picks Subscription
If you are looking for trading recommendations and forecasts that are precise, detailed and easy to follow, look no further.-
‘Uncannily accurate’ daily trading forecasts
-
Real-time alerts
-
Timely commentary on the predictions of other top gurus
-
Timely links to the world’s top financial analysts and advisors
-
Detailed coverage of stocks, cryptos, bullion,
index futures and ETFs -
A 24/7 chat room where veteran traders from around the world share opportunities and actionable ideas in real time
Mechanical Trade Course
A very simple set-up that will have you trading profitably quickly even if you have never pulled the trigger before, and even with a small account.-
Leverage violent price action for exceptional gains without stress
-
Select trading vehicles matched to your bank account and appetite for risk
-
Reap fast, easy profits by exploiting the ‘discomfort zone’ where most traders fear to go
-
Enter all trades using limit orders that avoid slippage, even in $2000 stocks
-
Learn how to read the markets so that you no longer have to rely on the judgment of others