Rick Ackerman

Articles by Rick Ackerman

For better or worse, bitcoin has everyone’s attention. Anyone even remotely aware of the cryptocurrency’s increasingly wild price swings would recognize a full-blown mania, just as those on the periphery of the Dutch tulip bulb craze of...
Hard as it is to believe, VXX took a crucial step Tuesday toward a longstanding target at 26.32 that until recently had seemed as remote and inaccessible as a seashell lying at the bottom of the Marianas Trench. The relentless downtrend...
Today’s bullish surge was strongly impulsive on the hourly chart (see inset), surpassing no fewer than four prior peaks, three of them ‘external’. From a technical standpoint it transformed a bearish head-and-shoulders formation that has...
The stock market’s gratuitous price swings have become so tedious and exhausting lately that it would be tempting for serious market-watchers and traders to take a month off. Mr. Market is surely trying to tell us something, but exactly...
Talk is cheap, never more so than when it comes from the mouths of the charlatans and quacks who run the Federal Reserve. Their latest “plan” is to start selling assets from the Fed’s $4.5 trillion balance sheet in October; tightening...
There’s no denying these are quite interesting times, in a Chinese curse sort of way.  Only an asteroid on a collision course with Earth, or an ISIS nuclear detonation, could make the world seem any more interesting than it already is...
At Thursday’s close, the futures looked likely to achieve a 2415.75 downside target that I posted in the chat room at 13:27, when this vehicle was trading 30 points higher. The target, a Hidden Pivot support of middling importance, is...
A rally with exactly 40 points of potential — equivalent to about 320 Dow points — looms if the futures are going to fulfill the 2512.00 Hidden Pivot target shown. However, the move through the midpoint pivot at 2457 was labored, implying...
The stock market rallied on Friday on employment news that should have been cause for worry rather than celebration. It is yet one more sign that shares have completely decoupled from reality if not yet sanity. Although the work force was...
Elsewhere on the Rick’s Picks home page, I’ve offered a mildly bullish short-term projection for the E-Mini S&Ps. However, I proffer the Mini-Dow’s chart (see inset) as a cautionary note, since Thursday’s downdraft did impressive...

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Fed has done all it can to fix US economy's non-structural issues, now it must hike rates