Ricks Picks

Bouncy FAANGs Muffle Bears’ Hubris, at Least for the Moment


Monday’s plunge was so exhilarating that permabears could be forgiven for making whoopee after the close. How soon we forget how extremely rare it is for the stock market to sell off for more than a couple of days!  In this instance the upturn came midway through day two, producing a sufficiently vigorous rally to suggest that some of the FAANG stocks could be at new record highs by week’s end.  That wouldn’t change the fact that institutional investors face some very serious headwinds if they intend to drag the broad averages to new highs as well. The negatives bear repeating, since they amount to more than just a wall of worry. To wit: 1) Fed ‘tapering’ is shrinking the world’s supply of dollars even as the U.S. central bank continues to raise rates; 2) the housing market appears to have peaked, and we’ll know soon whether corporate earnings have, too; 3) a global trade war actually seems possible; maybe Trump isn’t just bluffing? 3) the price of  oil remains stubbornly high and is threatening to move above $70/barrel; 4) a strong dollar is undermining the profits of U.S. multinationals; 5) the magnitude of ‘creative destruction’ going on in commercial real estate is beyond anything classical economists could have imagined; and, 6) off-line retailers of every stripe, including even McDonald’s, are struggling to keep profit margins from falling to zero. These things together may not add up to a hill of beans for portfolio managers who make their living throwing OPM at fewer than a dozen stocks, but those of us who have actual skin in the game can read the signs and prepare for a day of reckoning that is as certain as tomorrow’s sunrise.

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Seminar Information page.

Tuesday, March 5, 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, March 5. Click below to register or get more information.

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