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Rick Ackerman

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Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader. Radio - No such thing as a “100% Clean Market”

Rick's Picks - Talk is cheap, never moreso than when it comes from the mouths of the charlatans and quacks who run the Federal Reserve. Their latest “plan” is to start selling assets from the Fed’s $4.5 trillion balance sheet in October; tightening perhaps 25 basis before 2018; then tightening three more times next year.  Translation: We will […]

September 19th, 2017 | Braced for…Nothing

Rick's Picks - Everyone knows the Fed will not be announcing any imminent tightening, but that won’t stop traders from going wacky in the minutes after the widely anticipated FOMC “news” comes at 2:00 p.m. As always, the central bank will leave enough room for the nitwads who presume to read Fed tea leaves to infer that there’s […]

Rick's Picks - I wrote here earlier that when the stock market finally tops, even those who saw it coming will not look like geniuses. Mr. Market always has a surprise up his sleeve, even for those with stellar track records calling lesser turns. For gurus, most vexatious of all has been predicting the dramatic and sustained upturn […]

Rick's Picks -   You’ve got to hand it to Fox News for daring to show us the lighter side of Kim Jong Un. The photo (click on inset to enlarge) is featured this evening at Fox online, and one can only surmise that the Korean dictator and his generals are having great fun, whatever it is they […]

Rick's Picks - AMZN was up and AAPL was down, but these two key bull-market bellwethers should be back in bullish gear soon, presumably after the shakedown in AAPL has run its course.  My target for the stock is 168.33, almost $9 above the current price. Challenging as that may seem, the stock is capable of covering the […]

Rick's Picks - I’ve returned my focus once again to AAPL as a key market bellwether, even though the stock spent Tuesday in violent conniptions.  Our other telltale is the U.S. dollar, which has rallied moderately this week, although not yet enough for us to infer with confidence that the nasty correction since January is over.  One thing’s […]

Rick's Picks - The chart shown (click on inset) has been my reality check for more than a year, since it makes a strong technical case that the Dow Industrials will get to at least 23317 no matter what I think.  The good news is that a move to that number would amount to a rally of just 5.7% — […]

Rick's Picks - Gold and T-Bonds are rising while stocks have churned or fallen. All that remains to confirm that the REALLY big picture has changed for investments and the U.S. economy is for the dollar to get in bullish gear. That would be the Fat Lady’s final aria, as far as I’m concerned, and I’m looking for […]

Rick's Picks - Gold appears, finally, to be breaking out. I’ve noted certain technical details concerning this below, but without getting too deeply immersed in them, I’ll say that the longer-term charts are now projecting upside to at least 1474, about $117 above the current price.  It will take a little more than that, however — specifically, a […]

September 6th, 2017 | Timid Buying a Worrisome Sign

- The broad averages were adrift Wednesday, edging timidly higher on vaporous volume. What few buyers showed up intraday had vanished by the closing bell, leaving index futures to fend for themselves in so-far-turgid night-session trading. I suggested a bottom-fishing foray in the tout that went out this evening for the E-Min S&Ps (see below), but […]

Rick's Picks - Two bubble vehicles, among others, got sacked on Tuesday: AAPL shares and the Bitcoin Index. Although odds favor their recouping the losses in the days ahead, that is no reason for bulls not to worry. For in fact, both peaked almost precisely at the ‘secondary’ Hidden Pivot, 25% shy of their respective rally targets. A […]

Rick's Picks - I’ve been rhythming a few key stocks, looking for them to hit rally targets simultaneously to signal a possible end to the bull market begun eight-and-a-half years ago. AAPL has been number one on my watchlist ever since an erstwhile bellwether, AMZN, dropped out of the race with a plunge from a targeted high at […]

August 29th, 2017 | The Dow’s Next 418 Points

Rick's Picks - The Dow finished with a modest gain of 57 points on Tuesday, but it took a 190-point short squeeze reversal off a weak, deftly engineered opening to accomplish this.  Much as I’d like to diss the rally, noting that it failed to generate a bullish impulse leg on the hourly chart, it has enough good […]

Rick's Picks - North Korea’s whack-job dictator has reportedly lobbed a missile over Japan, causing index futures to plunge Monday evening. So far, DaBoyz are acting almost as crazy as Mr. Kim, treating this unprecedented act of aggression as a buying opportunity. They’ve pulled their bids, allowing stocks to fall steeply enough to discount any outcome short of […]

Rick's Picks - Last week, I published a copper chart here that could be used to justify a very bullish outlook for the stock market — for a move as high, even, as Dow 30,000. However, my latest E-Mini S&P tout raises the possibility that stocks have already begun what could turn out to be the worst bear […]

Rick's Picks - Has Wall Street already left for the Hamptons?  Although there are still six trading days remaining until Labor Day, the markets seem to have gone comatose earlier than usual this year.  Typically they wait until the Tuesday or Wednesday preceding the holiday before flatlining. This time, though, with no particularly interesting themes developing in the […] Radio - Oil talk usually just propaganda

Rick's Picks - With this week’s solar eclipse and the recent flashing of yet another Hindenburg Omen, traders should probably be braced for Armageddon.  Alas, the stock market has a way of thwarting preparedness by boring to death those who would attempt it. And if millions of traders are indeed ready for the worst at this moment, you […]

August 20th, 2017 | Trump as Caligula

Rick's Picks - Trump’s days seem numbered, raising the possibility that the bull market’s last hurrah will be in short-lived celebration of Mike Pence’s ascent to the presidency.  When Congress’ summer recess ends, Trump will face bipartisan hostility, possibly with enough Republican votes to end his tenure in office.  Is impeachment possible?  Presumably yes, since the details of […]

Rick's Picks - And now we know that there are things impacting negatively on the stock market besides war threats from Kim Jong Un.  I hesitate to infer that Wall Street’s obsidian heart is somehow responding to the piddling trauma of Charlottesville and to the spectacle of the news media’s continuing, all-out effort to destroy Trump. The editorialists […]

August 15th, 2017 | Three Key Stocks Turn Higher

Rick's Picks - Three important stocks — AMZN, Boeing and AAPL — have all rebounded sharply from within a hair of targeted correction lows. How far will they get? The answer seems clearest in AAPL, which looks to be a shoe-in to reach a 168.33 Hidden Pivot target that lies $7 above current levels. It is most unlikely […]

Rick's Picks - Kim Jong Un was nowhere to be found Monday night, prompting headline speculation that he was preparing to launch a new missile to celebrate a public holiday. Wall Street was unfazed as always, thumbing its nose at the threat of nuclear war with a 135-point rally in the Dow Industrials. Talk about attitude!  In fact, […]

Rick's Picks - The suspense is chilling.  On Friday, my two top market bellwethers, AMZN and Boeing, came down precisely to their respective thresholds of menace before rallying out of the hole. Shortly thereafter, North Korea’s nut-job dictator one-upped Wall Street’s premature and unwarranted sigh of relief, announcing that his missile launchers were on standby. All of us, […]

Rick's Picks - Thursday’s selloff left some important questions about the health of the bull market dangling. Two stocks — AMZN and Boeing — could tell us as early as Friday morning whether investors have serious reason to worry. Both came within inches of Hidden Pivot correction targets after getting sold down hard. If the targets are decisively […]
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