A Bell Rings to Announce The Top

EST

Morgan Stanley is out with a scary forecast for August, warning of the biggest stock-market drop since supposed inflation fears caused shares to plummet in February. This time, the thinking goes, market participants have simply run out of good news to look forward to. For one, there’s a strong chance corporate earnings have peaked. Still worse is that FAANG leadership has failed with the recent plunge in Netflix and Facebook following mildly disappointing Q2 reports. Even AMZN, whose numbers did not disappoint, was unable to hold onto gains racked up seconds after the good news hit the tape.

Free Money! Come and Get It!

If there is reason for optimism, it comes from the old stock-market adage, ‘They don’t ring a bell at the top’. For make no mistake, that is exactly what Morgan Stanley would be doing if stocks are about to cascade. A contrarian would look for some scenario to make the geniuses at Morgan look foolish, since, if they are right, it would mean all of us are about to make easy bucks in the weeks ahead with put options that explode to ten times their purchase price. Nearly everyone I talk to is at least as bearish as the analysts at Morgan. Is it possible we’re all about to nail the top?  In any event, it would be a relief to see the broad averages head-fake one last time before diving into the bowels of hell. How else are we going to be caught with our pants down, which is how every bear market begins?  A possibility springs to mind: Monday’s moderate weakness turns into an avalanche this very evening or early Tuesday. That would work. Show of hands: How many of you bought a bushel basket of put options ahead of the closing bell?

Comments on this entry are closed.

Iro Noiro August 1, 2018, 1:45 am

When “they” say, ‘the market is going to go down’, it just always wants to keep going up. One thing I have learned so far is that the majority has to be wrong… in order for the market conditions to be just right… for a supreme trade.

Iro Noiro August 1, 2018, 12:54 am

ES 20 contracts (paper trade)
Entry @ 2815.50
Stop @ 2811.50
Target @ 2890
Let’s see how this one turns out. Swinging for the fences on this one.



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

Login



Start a Subscription
Lost my password

Seminar Information page.

Tuesday, November 13, 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, November 13. Click below to register or get more information.

Knowledge Base Link
Show Buttons
Hide Buttons