Notifications

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)12:27  RickIf you missed boarding GDXJ at the 9/7 low, the ETF will become an opportune 'mechanical' buy when it gets down to x=34.60. I'd suggest buying stock (stop 33.86) or naked-shorting puts, but buy calls only if using a small-pattern (i.e., camouflage) trigger that can get you in near the exact low, time-wise. Here's the chart:12:27  Rickhttps://tinyurl.com/2vb9m3dt12:31  RickNot texting while driving, btw. just waiting for a flight at Charleston airport. Nicely Deadsville today.   Disclaimer: Past performance should not be construed as an indicator of future success.Virus-free.www.avg.com

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)08:32  RickLinked below is a pattern in Dec Gold that I like very much. The obliteration of p=1938.30 on first contact means more slippage to at least 1922.00 is all but certain. Two obvious rABCs also visible in this chart suggest a bounce from 1922.00 has the potential to hit 1960, or even in71. Here's the chart:08:32  Rickhttps://bit.ly/485AikS The link:  https://bit.ly/485AikSVirus-free.www.avg.com

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)We are playing with CCL puts, based on first-hand knowledge of a covid disaster that marred a very recent Alaska cruise aboard a CCL Princess liner. Here's the latest, but check the Trading Room for further discussion: Let's try to add four 29 Sep 13.50 CCL puts for 0.16, day order; and four more for 0.12, day order. If either or both orders fill, we will seek to turn our position into a bearish vertical put spread (simple instructions to follow). RA Virus-free.www.avg.com 

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)  12:10  RickCCL: Let's get our feet wet with an 0.08 bid for four 29 Sep 12.50 puts. I am using a conventional Hidden Pivot pattern to locate the bid. If it gives way by day's end and the option closes below 0.08, odds will favor a further fall to zero (or at least to 0.05, a 'hidden' support). That's the caveat, but we will keep the puts anyway, since you can never predict whether the Carnival cruise 'story' will take flight over the weekend. I sure as heck wouldn't be selling puts on CCL, even after its 25% fall since late June. Do NOT, even if you were dazzled by the 40-bagger just achieved in AAPL, jump on these puts in a big way. The trade is simply to put CCL in our crosshairs -- but also to create profits so that the 60 boss jocks who have just now come here from USAWatchdog will not have to pay for a year's subscription with, heaven forbid, hard-earned money. We can look for potentially better set-ups next week, but I like this opportunity to begin with.  Virus-free.www.avg.com

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Thursday, August 31, 2023 08:0008:26  BillESU23 has slightly exceeded the important x=4535.31 level. [ {{ Try not to think of 'x' as an important level. It is neither a Hidden Pivot, nor a support nor a resistance, just a place where we set up some of our trades. RA }}} ]08:34  RickHere is the pattern that will be controlling ES today. It is sufficiently gnarly to work no matter what your purpose:08:34  Rickhttps://bit.ly/3PhA2bc08:42  BillThanks for posting this pattern, Rick. [ { Ur welcome, Bill. Enjoy! RA }]09:0009:07  RickIf you use p=4548.13 to get short, I'd recommend a trigger interval of 4.0 points. The current micro-selloff could change that, so check with me before you act. Virus-free.www.avg.com

Actionable Trade-Alert from Rick in the Trading Room (Please check all related discussion in the room before you do any trades.)Posted moments ago in the chat room: The Labor Day deadline is approaching for longtime subscribers invited to take the 'Advanced Tactics' course. It will be the last such invitation sent out to this group this year, and possibly next. I will continue to limit access to subscribers who have been with me for at least two years and who have taken either the Hidden Pivot Webinar or the course on 'mechanical' set-ups. The $899 price will never be repeated.Virus-free.www.avg.com

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