Rick Ackerman

Articles by Rick Ackerman

Bitcoin’s sharp rally on Tuesday was being described by some as a ‘mystery surge’, but it is no mystery at all for anyone who has seen the film Night of the Living Dead. Buffs may recall that the movie’s flesh-eating zombies were...
The timing of Lyft’s IPO last week could not have been better for Wall Street insiders, since they will have an opportunity to unload their shares into a veritable orgy of greed and ignorance. The stock market looks unstoppable at the...
Fed "policy," such as it is, went all silly Monday when a little-known spokesman for the central bank said he expects one more rate hike in 2019 and perhaps another in 2020.  Didn’t Chairman Powell just finish saying that there would...
It’s tempting to think last week’s high at 2866.00 (click on inset) will mark the final gasp of an exceptionally powerful bear rally.  If so, it will have occurred in a place where we might have expected Mr. Market to spring a nasty...
Stocks whoopee-cushioned on word from the Fed that tightening is unlikely for the remainder of the year. “Interest rate increases could be on hold indefinitely,” Powell said. “It may be some time before the outlook for jobs and inflation...
If you’ve been waiting for Mr. Market to spring the Mother of All Bull Traps, check out today’s chart. What a beauty this picture will be if Monday’s sharp reversal turns out to be the start of The Big One.  Granted, odds of getting...
DaBoyz have been artfully rotating money between a handful of high-profile stocks in order to keep this distributive rally going for as long as possible. On Monday, although the broad averages seemed leaden all day, the Dow still eked out...
The broad averages have rallied from their Christmas lows almost as steeply as they got there in the fourth quarter. The first 2,000 points of the Dow’s trampoline bounce took just seven trading days. At the time, we wrote that the trend...
Boeing has bounced very precisely from the 363.20 midpoint pivot shown, validating the pattern and its very bearish ‘D’ target at 323.72. This means that if and when the bounce from today’s low sputters out and the stock relapses...
Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that...

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The melting point for silver is 961.93 °C - 1235.08 °K