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Rick Ackerman

Rick Ackerman Articles

Lest we be seduced by the wishful notion that the FBI Comey rally could be the bull market’s dying gasp, consider the chart featured with this tout. It suggests that a nearly 1500-point rally to 19728 is possible for the Dow Industrials if...
A bull-trap reversal hit the green line, putting a 20.24 downside target theoretically in play. Accordingly, we should look to trade the ETF with a bearish bias. That implies you could either look to get short now via camouflage, or wait...
Gold’s recent breach of the key low at 1259.10 low (see inset) recorded in June is worrisome. However, the picture would become still more so if a relapse in the days ahead takes the December contract beneath the 1242.70 low just to the...
Today’s moderate weakness put the futures on course for a further decline to as low as 1216.50 over the next 2-4 days. However, using a more conservative ABC pattern (see inset) yields the possibility of a less painful outcome in the form...
The bearish abc pattern shown is the one we should be looking at now, since it’s got it all, Hidden Pivot-wise. The p2 secondary pivot at 2110.88 would ordinarily serve as a minimum downside objective for the near term, but my strong gut...
Stocks looked shaky on the close Wednesday, having failed to muster the short-squeeze rally we’ve come to expect in the final hour or so of every session. If the broad averages continue to fall, Ricks Picks subscribers will be well...
Today’s price action generated a distinctive pattern on the intraday charts with the potential to tell us whether the powerful selling we’ve see in recent days might be the beginning of a bear market. Notice how this morning’s follow-...
The Wall Street Journal inadvertently forecast Monday’s vicious short-squeeze rally with this headline: Calm Market Turns Choppy. Strictly speaking, the word “choppy” implies that stocks have moved both up and down. In this case, however,...
The futures blew past the 1346.10 target with ease, implying that an ABC pattern of greater magnitude, with a correspondingly higher target, is driving this rally. The one shown projects to 1430.80, about 5.6% above current levels. The...
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...

Pure gold is so soft that a strong man can squeeze it and shape it.

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