Rick Ackerman
Articles by Rick Ackerman
The futures did everything we’d asked of them and more, generating a fresh bullish impulse leg on the hourly chart in the process. The next bullish benchmark lies at 18.940, equal to an ‘external’ peak recorded October 3 on the way down....
The chart below on display today returns us to a 2090.25 downside target that has been in play for five weeks. It still looks like a winner to me, even if it is taking forever to get there. Shorts entering at any point along the way would...
[Cam Fitzgerald posted the comments below in the Ricks’ Picks forum on Friday, but I am emailing them to all subscribers because his point — that the steep drop in platinum may be warning of a stock market collapse — deserves a wider...
How exhilarating! Just when bears were ready to throw in the towel after nearly three weeks of asphyxiating tedium, stocks swan-dived Tuesday into what we can only hope is an unfathomable abyss. The S&Ps were down almost 35...
The stock market’s buoyant behavior is bizarre considering the dicey state of the US economy, the threat of war in the Middle-East, and an election campaign that has unsettled Americans as never before.
To take them one by one: 1)...
To take them one by one: 1)...
Short-covering on Thursday shredded a clear Hidden Pivot resistance at 2162.25, implying higher prices are likely. Bulls will face a daunting challenge, however, in the form of supply that stretches back to early August. Most buyers since...
I tend to regard any rally stirred up by Yellen-blather with skepticism - and that was my initial reaction to the moderate rally in gold and silver futures on Wednesday. On examining their respective intraday charts at the end of the day,...
This morning’s competently orchestrated short-squeeze stopped a single tick from the 2146.44 ‘secondary’ Hidden Pivot target disseminated here last night. Ordinarily this would be reason for bears to take mild encouragement, especially...
Bank of America CEO Brian Moynihan went on record Thursday with the observation that US stocks keep heading higher because, as long as global interest rates remain low to negative, there’s nowhere else for investors to go. Ordinarily, we’d...
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...
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