Rick Ackerman

Articles by Rick Ackerman

Speculators continue to goose this gas-bag whenever the release of phony inventory numbers suggests that the supply of crude has tightened. In fact, the fudge-factor for determining how much oil is ‘out there’ is so huge as to make swings...
The broad averages have made no headway for nearly two months and are looking heavier by the day. Although we should have no illusions about timing the onset of the Big One, we can still prepare for it without taking much risk. Accordingly...
With Japan about to launch a $200 billion fiscal stimulus, you’d think the yen would be getting crushed. Instead, the long-term chart makes clear that the currency is merely correcting this year’s powerful rally, presumably in preparation...
Since early 2014, when 30-year T-Bonds were yielding close to 4%, Rick’s Picks has been confidently predicting rates would ultimately fall to at least 1.64%.  The technical basis for this forecast is shown in the accompanying chart (...
Tuesday’s rally tiptoed oh-so-coyly up to the secondary pivot of the pattern shown. We’ve been using it to stay confidently on the right side of crude’s balky, doomed rally. Price action has now confirmed the pattern with precise hits at...
Violent short squeezes are the only mechanism DaBoyz have left to sustain the illusion of a bull market before the clock runs out on their crooked game in 2015. A New Year’s mood change is surely coming on Wall Street, since investors will...
This flying porker begs to be shorted, but we’ll need to be careful about how we do it, since it has the teeth and disposition of a great white shark. This is true for technical reasons as well, since the current, short-squeeze rally is...
Hard times have once again befallen Deutsche Bank, which played a key role in blowing the global mortgage bubble that popped eight years ago.  On Wednesday, the bank announced a $7 billion loss for Q3 and a dividend cut, sending...
The stock market went nuts yesterday when the Fed did what anyone with an IQ higher than 70 should have easily foreseen — i.e., nothing. For the benefit of those on the wrong side of the trade, and for the umpteenth time in four years, I...
The Dow was down 550 points at Tuesday’s lows, but it looks like it has even farther to fall. One needn’t be a chartist to ‘feel’ the weight of the downtrend in the accompanying chart.  It implies the Indoos are about to plunge to at...

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Dollar falls on uncertainty but ends week with modest gain