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Dog-Bites-Man News Drives Short-Covering Frenzy


I’d expected the looming decision concerning Kavanaugh’s Supreme Court appointment to weigh on stocks in the days ahead, but Wall Street evidently couldn’t care less. The Dow was up nearly 200 points, taking its inspiration from headlines concerning Tesla (Musk has been ousted as chairman by regulators but will continue to run the company as CEO);  GE (a new CEO, Larry Culp, has been chosen); and NAFTA (as expected, Canada has joined the agreement). None of these events could be described as world-shaking, but that doesn’t mean DaBoyz cannot use them opportunistically, as they so often do with dog-bites-man news, to goad bears into a short-covering panic such as we saw on Monday. I expect the rally to continue for perhaps another day or two, given the bullish look of some key charts, including ones for AMZN and the E-Mini S&Ps. I still regard the bull market as overextended and filled with dangerous bravado, considering that America will undergo a wrenching change both politically and economically if Trump loses his majority support on Capitol Hill on November 6. He is in fact likely to be impeached if that happens, reversing the nation’s fortunes in ways that investors could no longer ignore.

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Seminar Information page.

Tuesday, June 11, 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, June 11. Click below to register or get more information.

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