A fresh dollop of stale news from the Fed sent stocks into a swoon Wednesday, but the bullish finishing stroke seems unlikely to dispel whatever has been troubling Wall Street this week. The latest pronouncement from the central bank left rates unchanged but preserved the option of raising them later in the year. It was the final Fed decision under Yellen, not that it matters who’s in charge. The Dow ended the day up a mere 72 points — pretty subdued considering that Trump’s upbeat State of the Union speech polled extremely well in the heartland, garnering a 75% favorable rating. Regardless, my hunch is that stocks will head lower over the next couple of weeks. I have lowered my downside target for the E-Mini S&Ps to 2789.00, but I’ll revisit the forecast if this Hidden Pivot support gets trounced.
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, April 17, 2018
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, April 17. Click below to register or get more information.
Even with Recession Coming, Don’t Look for Drama
Has Henny Penny seen the small caps lately?
Time to head south?
The screws are tightening
If You’re Looking for the Big Smackdown..
Don’t Believe Oil Prices Have Discounted the Worst
2.89-Point Dow Rally Was No Small Feat
Please Welcome David Isham!
Prepare for consolidation and confusion