Rick Ackerman

Rick Ackerman Articles

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...
Idle rate-hike threats burbling from Yellen’s pie-hole on Friday generated a Whoopee Cushion rally in gold that signified absolutely nothing. Unfortunately however, the rally will likely have burned up some short-covering buying power...
Picture if you will the Fed governors and their midget boss sitting around a long mahogany table, each in his best Emmett Kelly pastiche: bulbous red noses, scraggly mops of rust-colored hair, size 36 shoes, kayak-sized white lips framed...
The ABC pattern shown is ugly enough to be useful, especially since it has already gifted us with a ‘counterintuitive’ buy signal at the green line that could have been worth as much as $900 per contract if traded. All of the ‘external’...

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