800-Pound AMZN Gorilla About to Meet Its Match?


Amazon, the 800-pound gorilla of the securities world, is closing fast on a Hidden Pivot resistance at 1596.43 (see inset) that seems likely to show some stopping power. If this number does in fact repel the bullish herd, watch for the broad averages to top at the same time. And if the stock hits its mark at the same time the E-Mini S&Ps touch a correspondingly important target at 2809.75, you had better reef the sails. There’s an alternative target in AMZN that could come into play if 1596.43 is decisively exceeded: 1639.19.  Traders and investors should keep both of these  numbers well in mind. Of course, there’s always a chance the stock will tear right through them. if it does, then it is bears who had better get out of the way.

Comments on this entry are closed.

John Jay March 11, 2018, 11:34 pm

AMZN has plans to enter the home mortgage market now! If ever there was a prime candidate for the Sherman Anti-Trust Act!

Oh well, as Woody Allen once said, “Not only is God dead, try getting a plumber to your house on a weekend!”

Just another Forlorn Hope I reckon!

Hidden Pivot Graduate
Help Page

Click here
for a help page needed as a Hidden Pivot Graduate.

Keep Your
Skills Current

Click here
for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge


Start a Subscription
Lost my password

Seminar Information page.

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.

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, January 8. Click below to register or get more information.

Knowledge Base Link
Show Buttons
Hide Buttons