Rick Ackerman
Rick Ackerman Articles
The pattern shown, with a minor downside target at 1302.70, looks like it will provide the most useful perspective for the very near-term. Neither the midpoint pivot nor the secondary (respectively, the red and green line) showed any...
Idle rate-hike threats burbling from Yellen’s pie-hole on Friday generated a Whoopee Cushion rally in gold that signified absolutely nothing. Unfortunately however, the rally will likely have burned up some short-covering buying power...
Picture if you will the Fed governors and their midget boss sitting around a long mahogany table, each in his best Emmett Kelly pastiche: bulbous red noses, scraggly mops of rust-colored hair, size 36 shoes, kayak-sized white lips framed...
The ABC pattern shown is ugly enough to be useful, especially since it has already gifted us with a ‘counterintuitive’ buy signal at the green line that could have been worth as much as $900 per contract if traded. All of the ‘external’...
As we went to press, the futures were within four ticks of the 1312.10 retracement target sent out to subscribers Tuesday night. Will this minor Hidden Pivot support hold? Even if it does, we’d still need to see a rally surpassing last...
The selloff since Friday may seem momentous to trade-desk denizens, but so far it has barely caused a blip on the Dow’s weekly chart (see inset). Would another thousand-point selloff seem scary? As you can see for yourself, even that...
I expect one of two things to happen next, neither of them particularly bearish. Scenario #1 calls for June Gold to fall just a bit more, to the 1251.00 Hidden Pivot support shown, then rally sharply to a new record high at 1336.30. More...
Bulls barely kept their heads above water Tuesday and will have their work cut out for them if they are to avoid a dunking. That would require a print at 1277.80, a mere $7 above current levels. The most bullish scenario I could imagine at...
Traders looking to survive the deadly tedium of this market ought not to begin or end their day with a strong opinion. Although bears who smell a nasty top have ample reason to bet the ‘don’t pass’ line whenever the moment feels right,...
Much as I hate to be the bearer of bad tidings for those of you who have been oh-so-eager to get short — or perhaps to stay short — this hoax is headed higher. Long-time subscribers will have noticed by now that it’s no great trick using...
