The new year has begun with a powerful rally on Wall Street that is either rational or cravenous, depending on one’s point of view. The best explanation I’ve heard so far views the rampaging bull as politically rational but economically insane. I shouldn’t need to explain the latter, but Trump seems to be getting much of the credit for the former, since he arguably represents a shift from the most anti-business U.S. President in recent history to the most pro-business. Even so, with earnings multiples for many high fliers in triple digits, valuations are just a tad rich. However skeptical we might be, we shouldn’t let it inhibit our bullish imagination. By my runes, technically speaking, there’s still room for more…let’s call it semi-rational exuberance. You might therefore find my latest bull-market target for the Dow Industrials interesting, especially since we’re getting close. If you don’t subscribe but want to know where the target lies, click here for a free two-week trial subscription to Rick’s Picks. It will give you access to the 24/7 chat room as well, where great traders from around the world gather to swap ideas in real time, wise anecdotes, war stories and witticisms.
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Tuesday, January 8, 2019
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.
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