THE MORNING LINE
Still Fishin’…
I’m taking an extended break from the daunting challenge of predicting the stock market’s behavior each week as though it were correlated rationally and logically with events in the real world. My weekly commentaries will resume when I am feeling better up to the task. In the meantime, if you need a regular dose of Rick’s Picks, don’t pass up a free opportunity to use and enjoy all of the site’s amenities, including the Trading Room, the heart and soul of my service. Its purpose is to help investors make money, a goal it achieves so consistently that gifted traders from around the world like to hang out there. The photo above shows Venezuela’s Angel Falls, the world’s highest waterfall and a good metaphor for my outlook on the stock market. Finally, here’s a link to my latest rant at This Week in Money on July 2. [Note: This link will change to present fresh material every other week.]
Rick's Free Picks
$CLU26 – September Crude (Last:86.80)
Trading in NYMEX Crude won’t start for another hour, so I’ve had to imagine a pattern to predict how things might turn out. It is a foregone conclusion that quotes will open significantly lower, since Trump, as fully expected, has announced on a Sunday yet another ceasefire. This dog-and-pony show
$ESU26 – September E-Mini S&P (Last:7611.75)
Although DaBoyz could easily short-squeeze this gas-bag to new record highs with just a dollop of fake good news, I’ve presented a chart that is somewhat bearish. The 7266.00 target lies just 3.5% below, and even though the tedious struggle between bulls and bears has yet to achieve it after
$GDXJ – Junior Gold Miner ETF (Last:117.62)
I gave GDXJ the benefit of the doubt when last week ended, but all it did was add to the disappointment we’ve felt waiting and waiting…and waiting for gold to show a pulse. I set a low bar, and GDXJ didn’t have to do much to turn the intraday charts
TNX.X – Ten-Year Note Rate (Last:4.68%)
We’ve been using 4.82% as a minimum upside projection, but it’s time to shift the target to the 5.09% Hidden Pivot shown in the chart (see inset). The erratic ascent of long-term rates has been making headlines lately, but Rick’s Picks subscribers have been expecting them to hit 5% for
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