Rick Ackerman

Articles by Rick Ackerman

This week’s 900-point selloff is technically very similar to the 1000-pointer that occurred between February 25 and March 11. Both exceeded two prior lows on the daily chart, generating bearish ‘impulse legs’ in the process. Now, even if...
Sometimes we’re blessed not to possess insider information. Several pointed examples surfaced in the last few days. If we had known, for instance, that Fed Chairman Powell would tell the world on Wednesday that the U.S. economy is holding...
Apologies. As the bull market has ground on endlessly, I might have provided you with a precise target for the elusive Mother of All Tops. Instead, what I’ve done in recent months is pussyfoot with relatively minor rally targets of limited...
It’s like a breath of fresh air when the futures actually finish lower on the day. Granted, the S&P slippage on Thursday amounted to only a few measly points. Would it be churlish to hope it’s the start of something really nasty?...
The Dow Industrials look primed for a 900-point rally, assuming they can close for two consecutive day’s above Friday’s high. It occurred slightly beneath a 26,656 Hidden Pivot resistance that’s a good bet to show stopping power...
Today’s chart shows why it can be so difficult to make money in a bull market, even when one “knows” how high a stock is headed.  We’ve been confident that Facebook will eventually hit 190, a Hidden Pivot target first aired here more...
When the S&Ps took a bold leap on December 26 after plummeting 500 points earlier in the month, few could have imagined what would happen next. It were as though, missing an arm and a leg, a soldier had vaulted from a trench in the...
Are these guys good, or what! On Wednesday, with Boeing shares getting clobbered, DaBoyz somehow managed to close the Dow six points higher on the day.  That may not sound impressive, but considering that Boeing is by far the most...
Considering the dour outlook for Q1 earnings, the stock market’s exuberant run-up over the last month feels like Tennyson’s Charge of the Light Brigade: “Into the valley of Death rode the 600…’  And yet, we know from watching the...
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...

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Gold falls on firm dollar, China rate cut lends support