Although headlines over the weekend suggested that the ransom malware that wreaked havoc around the world on Friday could get second wind on Monday when workers return to their desks, there was no sign Sunday night that Wall Street was even remotely concerned. Index futures were trading moderately higher, but not by enough to suggest DaBoyz were trying to distribute stock ahead of a possible Monday selloff. Although the broad averages look like they could use a rest, a FAANG-stock rampage has been making it very difficult for this to occur. I have higher targets outstanding for FB, AMZN, AAPL, NFLX and GOOG, and although subscribers hold a small put position in QQQ, we should resist the temptation to get in their way.
Comments on this entry are closed.
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
Tuesday, November 28, 2017
The consistent accuracy of Rick Ackerman’s forecasts is well known in the trading world, where his Hidden Pivot Method has achieved cult status. Rick’s proprietary trading/forecasting system is easy to learn, probably because he majored in English, not rocket science. Just one simple but powerful trick -- managing the risk of an ongoing trade with stop-losses based on ‘impulse legs’ – can be grasped in three minutes and put to profitable use immediately. Quite a few of his students will tell you that using ‘impulsive stops’ has paid for the course many times over.
Another secret Rick will share with you, “camouflage trading,” takes more time to master, but once you get the hang of it trading will never be the same. The technique entails identifying ultra-low-risk trade set-ups on, say, the one-minute bar chart, and then initiating trades in places where competition tends to be thin.
Most important of all, Rick will teach you how to develop market instincts (aka “horse sense”) by observing the markets each day from the fixed vantage point that only a rigorously disciplined trading system can provide.
The three-hour Hidden Pivot Course is offered live each month. If it’s more convenient, you can take it in recorded form at your leisure, as many times as you like. The course fee includes “live” trading sessions (as opposed to hypothetical ‘chalk-talk’) every Wednesday morning, access to hundreds of recorded hours of tutorial sessions, and access to an online library that will help you achieve black-belt mastery of Hidden Pivot trading techniques.
The next webinar will be held on Tuesday, November 28. Click below to register or get more information.
Expect a Bumpy Ride for Remainder of 2017
‘Fly-or-Die’ Jeopardy in Effect
Are the Big Guys Tapped Out?
Bored? Be Careful What You Wish for…
Fed Hoping for ‘Bad’ Inflation News
Selloff Left FAANG Charts Unfazed
If Hillary Had Won, the Dow Would Still Be Trading Above 23,000
Dragging Four Defenders a Few Extra Yards
Crude-Price Gusher Is Answered Prayers for Banksters and Wall Street
A Cautious Regard for Wall Street’s Animal Spirits