Rick Ackerman

Articles by Rick Ackerman

Is it safe to go back in the water? Merely asking that question is to suggest that only an imbecile would dive fearlessly back in the drink. Even so, there are most surely enough imbeciles to keep stocks buoyant in the days or even weeks...
Yesterday’s slow-motion selloff probably didn’t generate much fear, but it probably exhausted sellers for a while. Although I’ve put out a somewhat lower target in the E-Mini S&Ps for Tuesday, the big moves in the FAANGs appear to be...
I’ve presented this chart before, with a bull-market target at 27,251.  If the Dow had gotten within 5-10 points of this Hidden Pivot and begun to fall, I’d have treated the weakness as the almost certain beginning of a major bear...
It may have felt like stocks were free-falling Wednesday, but for many of us who were short, making ‘easy’ money was like pulling teeth for most of the day. The broad averages jerked around for hours after falling hard in the early going....
Anyone hoping Treasury rates will ease, cutting stock-market bulls some slack, must first reckon with the chart shown (see inset). It implies that a significant rise in yields on the 30-Year Bond is coming, and that they will hit 3.59%...
Stocks fell hard Thursday, supposedly because of growing US-Saudi tensions over the gruesome murder of  Jamal Khashoggi, a journalist who has been tough on the monarchy and easy on the Muslim Brotherhood. If such tensions did...
A subscriber who qualifies as a Hidden Pivot ace broached a Dow rally target at 40,000 Thursday in the chat room, but I’m not keen on encouraging such speculation. Applying Hidden Pivot analysis to the long-term picture, I can make a case...
Wall Street has done a great job tuning out a tariff war that has grown every bit as menacing as Smoot-Hawley must have seemed in 1929. Admittedly, even Rick’s Picks at its most dour assumed just a few short months ago that everything...
I posted a worst-case target of 9.35 here earlier, but because things might not turn out that bad, I am proffering an alternative at 13.527 that allows for a less dire outcome. However, that is my minimum downside projection for now, and...
Morgan Stanley CEO Jamie Dimon recently raised his forecast for rates on the Ten-Year Note, currently trading just below 3%, to 5%. He’d predicted a rally to 4% back in May but now thinks the bull market in stocks could run for another two...

Pages

Gold prices fall by Rs 50 on low demand