Rick Ackerman
Articles by Rick Ackerman
We’re dealing with many crosscurrents, including a major rally target at 2403.00 that the futures came within six points of achieving three weeks ago. It’s not possible to say with confidence right now whether this feint will prove to have...
This proxy for T-Bonds has quietly slipped into no man’s land with the recent breach of December’s bombed-out lows near 116.80. Even before this occurred, TLT looked like a good bet to fall to at least 111.97, the midpoint Hidden Pivot...
RINF is the symbol for an ETF trading vehicle that tracks inflation expectations. This is of more than passing interest to me, since I’ve been a hard-core deflationist and written on the topic for more than 30 years. RINF has yet to break...
Bulls and bears duked it out Monday with no clear winner, but I give the latter a small edge for now because buyers were able to recoup only half of the 14-point drop that began the day. We are in any event using a bigger-picture...
The rally pattern shown with a Hidden Pivot target at 18.26 was so clear and compelling that we should assume that because the futures exceeded it decisively, they have sufficient energy for another leg up once the current correction has...
Genuinely meaningful economic data from mainstream news sources is as rare as a transparent pronouncement from the wizards and charlatans at the Fed. Friday will provide an exception, however, since very meaningful new-home-sales figures...
If the stock market’s wilding spree continues for just a few more days at its recent pitch, the rally is going to start looking like a blowoff on the daily and intraday charts. Rick’s Picks subscribers know something the bullish herd most...
In testimony before Congress this week, Yellen aggressively talked the Fed’s book, asserting that the U.S. economy looks so hunky-dory these days that the rate hikes she keeps promising are absolutely, definitely, positively coming. Let’s...
TLT is within a day’s rally of an important resistance, a midpoint Hidden Pivot at 121.28 (see above) that is associated with a target at 124.23. If that last number were to be achieved, it would correspond to a drop in T-Bond rates...
The futures appear headed to the 16.580 target shown. I posted this Hidden Pivot support in the chat room Thursday morning, but it was probably of little help to traders because of the downtrend’s rabid demeanor. I am not suggesting bottom...
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