Rick Ackerman
Articles by Rick Ackerman
Technically speaking, the futures became a ‘mechanical’ buy on this morning’s plunge to the red line, a midpoint Hidden Pivot support at 17.745. In practice, however, due to the $1500-per-contract entry risk, the only way I could have...
Silver’s hourly chart looks more impressive than gold’s at the moment, since Monday’s strong rally exceeded a clear and formidable Hidden Pivot resistance at 17.990 as though it were not there (see inset). Also, because the move surpassed...
Tuesday’s ballistic surge reamed bears a new orifice. It also left no room for doubt about which direction the futures will be headed for the remainder of the week. Accordingly, I will now ask you to consider a rally pattern that implies...
Although interest rates on the 10-Year Note have receded sharply over the last two weeks, from 2.62% to 2.35%, the chart makes clear that the pullback is merely corrective. That is not to say yields could not continue to fall significantly...
Tuesday’s downdraft demolished a key S&P support (see inset), implying sellers aren’t through yet. The rare, exhilarating (for bears) selloff also kicked into high gear two options positions we’d acquired hours ahead of the move — one...
We’re dealing with many crosscurrents, including a major rally target at 2403.00 that the futures came within six points of achieving three weeks ago. It’s not possible to say with confidence right now whether this feint will prove to have...
This proxy for T-Bonds has quietly slipped into no man’s land with the recent breach of December’s bombed-out lows near 116.80. Even before this occurred, TLT looked like a good bet to fall to at least 111.97, the midpoint Hidden Pivot...
RINF is the symbol for an ETF trading vehicle that tracks inflation expectations. This is of more than passing interest to me, since I’ve been a hard-core deflationist and written on the topic for more than 30 years. RINF has yet to break...
Bulls and bears duked it out Monday with no clear winner, but I give the latter a small edge for now because buyers were able to recoup only half of the 14-point drop that began the day. We are in any event using a bigger-picture...
The rally pattern shown with a Hidden Pivot target at 18.26 was so clear and compelling that we should assume that because the futures exceeded it decisively, they have sufficient energy for another leg up once the current correction has...
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