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A Notice from Rick in the Trading Room   As promised in the chat room, here are some links to analysis from Bob Hoye that I think you will find interesting and insightful. The first is a 'Charts and Markets' update he sent out a couple of days ago that is very bullish on gold and gold stocks.  Click here to bring it up in your browser.   The second is a fellow deflationist's take on a real estate market that seems headed toward certain collapse. If you click a link embedded in the article, you'll find a special bonus -- a fascinating piece written for Barron's by Jim Grant that tracked the history of a blue chip property in Manhattan as it fell on increasingly hard times during the Great Depression.   I tried to locate the article years ago, but neither Jim nor his secretary was able to find it. When Bob began to describe it in a conversation I had with him yesterday, I knew instantly what he was talking about. I am grateful to him for coming up with this gem, and for allowing me to share his work with Rick's Picks subscribers.      

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Hello, everyone.  This will allow me to send out trade alerts posted in the chat room more easily. RAVirus-free.www.avg.com

My 'Chipotle indicator' suggests that CMG, along with other high-fliers and the broad averages, could fall by at least 27% from recent highs before the bull market resumes later this summer. We last visited the burrito vendor's chart in early May, just after a short-squeeze powered by feverish buying speared the red line, a 'midpoint Hidden Pivot' resistance at 1968. This stood to be a formidable impediment, especially since it closely coincided with the structural resistance of a key high at 1958 recorded 19 months earlier. But buyers, mostly bears scrambling to cover bets against the stock that were exploding in their faces, gutted the resistance with ease, managing to hold the stock effortlessly aloft for three months. Last week, however, it dove through the line in a shakeout that was stage-managed just as effectively as the gaseous rally. DaBoyz evidently had decided there was not sufficient buying power to keep the stock moving sideways indefinitely, so they pulled their bids, letting it plummet toward levels where they eventually will be able to accumulate shares once again with a thimble-rigger's confidence. A High-Odds Bet  If the selling should exhaust itself near the green line at $1582, that would trigger what in Hidden Pivot parlance is called a 'mechanical' buy. As longtime subscribers to Rick's Picks could attest, such bets seldom lose when they follow steep, powerful rallies such as the one that occurred in this stock during the peak covid years 2020-21. Ordinarily, we should expect the rally to reach the 'D' target at 2739. Stocks nearly always achieve 'D' when the midpoint pivot, in this case 1968, has gotten shredded on first contact.  Assuming Chipotle eventually hits its mark, the bull market in stocks would have significantly higher to go, since CMG and a handful of other world-beaters would

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.) Rick is postponing this Wednesday's tutorial sessions until next Wednesday, August 2. He will be attending a funeral for a childhood friend who died Saturday of covid. He was in ICU for a month before pneumonia/intubation finally got him. He was 74 and had been in poor physical health before covid. He got all of the jabs and boosters, but contracted covid on one of his frequent trips to Vegas to play poker. If you have signed up for the Advanced Tactics Tutorial this Wednesday, your registration is automatically moved to the Aug 2 Tutorial. Your registration link remains the same. Sincerely Brian (Catman) Rick's Picks

From Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)   Just posted in the Trading Room:   16:36   Rick ES: The post [13:51 yesterday] drum-rolling 4214.00 as CERTAIN to be reached was an easy call because buyers vaporized p, but also because the pattern was gnarly. The new HP course on Monday will offer an extensive collection of gnarly charts, since being able to identify them as a very good trick that will continue to evolve so that we can remain a step or two ahead of algos and all the mouth-breathers we presume to be competing with. The voodoo number will eventually be discovered and used in some fashion, but 'gnarly' is a fluid concept that AI machines and left-brain traders will find difficult to master. 17:00 17:07   Curtis Did not know new HP course had been scheduled. Where do i sign up 19:00 19:03   Rick The course will not be marketed, and only those who have taken the Hidden Pivot Webinar received invitations. Since you did take the course some time ago, it's possible your invitation got filtered as spam. I'll have Catman mail you a new one. Hope to see you in class! 19:20   Rick To everyone else: If you've taken the Hidden Pivot Webinar and want to sign up for this course but did not receive an email invitation, please contact Catman asap via the support link below. The course is titled 'Advanced Tactics of the Hidden Pivot Method'. It is designed in particular for those who have been struggling to make a living solely from trading. This course will get you there, I promise, and sooner than you might believe possible.

This was a true ‘impromptu’ session, announced out-of-the-blue during Friday’s steep but boring short-squeeze. Rick provided instant forecasts, some of them tradeable, for more than a dozen symbols. The highlight of the presentation, however, was a technical forecast for a potentially important bottom in Treasury Bonds and a corresponding top in long-term rates at exactly 4.65%. Here’s the list of symbols he covered, in chronological order: S&P 500; NYMEX Natural Gas; Occidental Petroleum (OXY); Wheaton Precious Metals (WPM); JP Morgan (JPM); S&P 3x Bear (SPXS); Enovix Corp (ENVX); Jr. Gold Miners (GDXJ); Fifth Third Bank (FITB); Dollar Index (DXY); Petroleo Brasileiro (PBR); Russell 2000 ETF (IWM); Union Pacific (UNP) and Rumble Inc. (RUM).