Rick Ackerman
Rick Ackerman Articles
Gold took wing Friday, energized by weakness in the dollar. The $23 upthrust stalled almost exactly at the 1302.90 Hidden Pivot midpoint resistance shown, validating both the bullish pattern and a 1330.40 target we’ve been using for the...
DaBoyz more than held their own Wednesday, keeping the Dow airborne for six hours even though buying interest was practically nil. This is an achievement of sorts, and it suggests that although upside potential will be limited to whatever...
The yen, whose behavior corresponds closely to gold’s, began 2019 with a giant leap that slightly pierced the 0.94148 midpoint resistance of the pattern shown. This is bullish but would become still more so if the futures can close for two...
Incredible! The Dow swung nearly 570 points on Tuesday without breaking above or below the previous day’s range. This is what chartists refer to as an “inside day.” In fact, the blue chip average didn’t traverse even half of Monday’s epic...
Gold continues to make headway in herky-jerky fashion, failing to satisfy bulls but also denying bears something to cheer about. On Monday, the February COMEX contract rallied to within a millimeter of the 1240.20 Hidden Pivot target shown.
Wednesday’s monster rally was just the beginning of a surge that can end only when the last die-hard bear has thrown in the towel. Although the short-covering panic goosed stocks into the clouds, the wild-blue-yonder, blow-off phase lies...
AAPL has trampolined $4, or 2.4%, after bottoming an inch from the 170.78 ‘Hidden Pivot’ target I’ve been drum-rolling here for the last week. The stock was trading near $190 at the time the target was first broached. Friday’s low got...
Gold has once again fallen into a rut, dropping moderately for three consecutive days. This has occurred with the December contract having failed by $8 to achieve a $1254.10 rally target I’d flagged. The futures have since made a tentative...
Easy come, easy go. AMZN stunned traders with a 135-point gain Thursday from the bombed-out depths of Wednesday’s selloff. Then, after the close, the stock reversed steeply, shedding 180 points and sucking tens of billions of dollars from...
