Rick Ackerman
Articles by Rick Ackerman
Bob Hoye’s Pivotal Events, published every Thursday, is consistently one of the most insightful and well-written newsletters in the financial world — a great read that could be compared in quality only to Grant’s Interest Rate Observer....
We added to our call position Tuesday when VXX bottomed two ticks off a potentially important downside target at 13.57 that we’d been using for the last week or so to stay out of trouble. This allowed any subscriber who took the trade to...
Permabears in particular will find this hard to believe, but the Dow Industrial Average could levitate a further 2336 points before it hits something solid. Even some bulls might find the 23317 target shown in the chart (see inset) a tad...
We have unfulfilled targets as high as 2492.50, but the 2355.50 Hidden Pivot shown in the chart can serve for now. I like the 120-minute graph here because it shows the rally for what it is: a labored, grunting affair whose progress has...
There is such appealing clarity in the bearish pattern shown that we should have no qualms whatsoever about sticking with our game plan to catch a profitable ride on the little sonofabitch. That means never chasing a rally, buying only on...
Technically speaking, the futures became a ‘mechanical’ buy on this morning’s plunge to the red line, a midpoint Hidden Pivot support at 17.745. In practice, however, due to the $1500-per-contract entry risk, the only way I could have...
Silver’s hourly chart looks more impressive than gold’s at the moment, since Monday’s strong rally exceeded a clear and formidable Hidden Pivot resistance at 17.990 as though it were not there (see inset). Also, because the move surpassed...
Tuesday’s ballistic surge reamed bears a new orifice. It also left no room for doubt about which direction the futures will be headed for the remainder of the week. Accordingly, I will now ask you to consider a rally pattern that implies...
Although interest rates on the 10-Year Note have receded sharply over the last two weeks, from 2.62% to 2.35%, the chart makes clear that the pullback is merely corrective. That is not to say yields could not continue to fall significantly...
Tuesday’s downdraft demolished a key S&P support (see inset), implying sellers aren’t through yet. The rare, exhilarating (for bears) selloff also kicked into high gear two options positions we’d acquired hours ahead of the move — one...
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