Plans to buy a home in the next six months have fallen to their lowest level in more than two years, according to a Zillow report published Tuesday. There were other worrisome signs in residential real estate. For one, sales of existing homes have fallen to the slowest pace since September; and for two, new homes are selling at the lowest level since October 2017. Read the whole story here. Will Wall Street continue to shrug off the darkening picture in housing? Probably yes, provided enough investors are worried about it. If you’re looking for a better reason to be bullish, imagine how the stock market would react to news of a thaw between the U.S. and China over tariffs. If it happens and shares surge, shorting into the rally would be a bear’s dream come true, as far as we’re concerned. Will we be so lucky, or will stocks collapse without warning from current levels? We may be about to find out.
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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.
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