Selloff Left FAANG Charts Unfazed

EST

Prayerful bears hoping Thursday morning’s selloff might be the beginning of something more satisfying had better take a look at the charts of such world-beaters as AMZN, AAPL, GOOG and MSFT.  All took the selling easily in stride, ending the day with the bullish flags on their respective charts undiminished in potency. Under the circumstances, the weakness appears to have been not merely harmless but constructive.  Looking just ahead, if this evening’s short-squeeze on index futures continues into the wee hours, it would make the prospect of new record highs within the next day or two all but a foregone conclusion.

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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.

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