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.
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Tuesday, June 13, 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.
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