Rick Ackerman

Rick Ackerman Articles

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...
What is the sensible contrarian to do? A tough question, to be sure. Unfortunately, there is no intellectualizing the contrarian point of view, since it's an instinct that comes right from the gut. Real contrarians do not try to second-...
Sometimes we should cast aside our charts and listen closely to what Wall Street is saying. Then leap to do the opposite. Yesterday, for instance, there came such a potential telltale from The Street, Circe-like, in the form of a stunning...
Investors should never bet against the Fed, of course, but this time it's mighty tempting. Until last week, the Fed's great and remarkable contribution to America's prosperity lay in the ability of its chairman, Alan Greenspan, to charm...
Gold is the official state mineral of Alaska.

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