Rick Ackerman
Articles by Rick Ackerman
The rally stalled at 2698.00, precisely where we had anticipated, but the shallow pullback that has occurred since means the futures are going higher. Those who went short at the target as I’d suggested can manage the risk as they...
It’s just like Wall Street (and its mouthpiece, The Wall Street Journal) to get all lathered up over supposed tax reform that has little more going for it than the usual heap of manure we’ve come to expect from Congress. I made this...
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...
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