Rick Ackerman

Articles by Rick Ackerman

Here we go again. The Fed evidently has begun “conditioning” our “expectations” for a new season of quantitative easing. Fed Would Consider Interest-Rate Cuts if Growth Outlook Darkens  is the headline atop a news story...
Although I usually let my charts tell me where stocks are headed next, the ‘technicals’ are a tad sunnier than I at the moment. This is notwithstanding recent weakness that has caused new record highs that were within spitting distance...
With government bond yields around the world near multi-year lows, U.S. stocks are in a dither. Should they take a bold leap to new all-time highs, defying mounting expectations of a global economic slowdown? Or should they instead fall to...
Stocks are in wafting mode, indifferent to tariff wars, slumping retail sales and impeachment talk. The broad averages have been racking up impressive gains even when buying interest is weak to nil. It certainly felt that way on Tuesday,...
Is it okay for Tesla bulls to come out of their bomb shelters?  Perhaps, but only with caution. The stock bounced sharply on Monday from a low that was close to the 193.31 Hidden Pivot support we were using as a minimum...
Bitcoin is on the move again, a venomous snake in the grass. You might expect to find a reasonable explanation for cryptocurrency’s sudden, spectacular rise from the dead. Instead, you get only dim-witted speculation that institutional...
Today’s chart shows ponderous supply sitting on the Nasdaq 100. The two smaller peaks to the left were made significant by the size of the decline that followed them. They harbor many investors who undoubtedly are eager to exit now that...
The on-again, off-again trade deal with China has put some life into the stock market, all of it vicious. It has also invigorated an otherwise moribund discussion concerning weather tariffs are good or bad. Popular wisdom has it that the...
Was it President Trump’s intention all along that trade talks with China fail? That’s the contention of ‘Farmer,’ a long-time subscriber who lives in Nairobi. He posted earlier today as follows in the Coffee House, a chat room that...
My minimum upside target for the S&P500 is still 3095, about 7.4% above current levels, and I am sticking with it. A corresponding rally in the Dow Industrials would leave them just shy of 28,000. Let me also mention that last week’s...

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Gold weakens on global cues and lackustre demand