Rick Ackerman

Rick Ackerman Articles

Having overestimated the psychological impact of President Bush's speech, I am obliged to focus even more resolutely on purely empirical indicators. Unfortunately, my most reliable tool -- the "hidden" pivot -- still paints a menacing...
It is clear that stocks are not attracting much buying interest unless allowed to freefall for a scary hour or two. So, do the specialists go for broke by pulling their bids on the opening today (Friday), allowing the DJIA to plummet to...
As New York City heroically digs out from under the rubble and businesses plot their return to normalcy, the feeling mounts that America has been greatly strengthened and unified by the appalling events of the past week. Not since World...
As of Friday's close, stochastic readings for many of the issues tracked in my daily newsletter were tracing out oversold lows that fell practically off the charts. Shouldn't technicians be screaming "Buy 'em!" from the rooftops, just like...
Key supports were breached Thursday (June 14) in several vehicles tracked by Black Box Forecasts, suggesting that sellers have not yet spent their energy for the near-term. Because Friday is a so-called triple-witching expiration, we...
Not that politics ultimately matters in the least, but the mid-cycle elections in 2002 could provide an entertaining test of entrenched political theory. The Republicans are universally expected to lose some Congressional seats simply...
Monday's hypnotic oscillations reinforced the nagging feeling that, Fed-wise, investors may no longer know what to hope for. (There's that pathetic, economically futile word "hope" again -- a word that encapsulates the navel-obsessed...
The stock market has looked positively serene recently -- but so, too, at times did Hollywood's patron saint of schizophrenia, Norman Bates. Now that investors have gotten what they wished for in the form of an irrationally lugubrious...
The one word that I have assiduously avoided using in my daily newsletter, Black Box Forecasts is "hope." When we hold a stock, futures or options position that is going against us, I might say that it will take some luck to get us out of...
No question, yesterday's broad decline was a mean body blow to millions of investors. However, the suspicion lingers that it failed to deliver the haymaker that alone can check Wall Street's potentially tragically misplaced faith in Fed...

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