AMZN is the only stock to which we need pay attention in order to get the big picture right. The company does nearly everything it does extremely well, and its shares are a must-own for any portfolio manager who wants to keep his or her job. In the tout immediately below, I’ve explained the importance of today’s strong rally in the stock, which topped four cents from a 1699.04 target that I’d drum-rolled here in April with the shares trading $240 lower. As of this moment, it would be speculative to say I expect the stock to do this or that. But it won’t be long before we know whether a top, or perhaps THE top, is in. I’ve implicitly bet against this outcome by forecasting a 300-point S&P rally here the other day. This seems a better bet to me than laying even odds that buyers in AMZN are spent. In any event, we are likely to have our answer soon.
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, Sept 11, 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, September 11. Click below to register or get more information.
Stock Market Has Found a New Reason to Rally MUCH Higher
Market’s Surge Seems to Be Predicting a Tariff Deal with China
Bullion’s Harsh Realities
Shades of Irving Fisher
A Major Cryptocurrency Remains Shrouded In Mystery
Stocks Due for a Nasty Reality Check
Do We Repay Scoundrels for Burying Us In Debt?
Trump’s Worst Idea: Paying Off National Debt with Tariffs
Is Gold Just a Little Too Quiet?
Gold’s Big Day, but Only in Iran