I’ll continue to train a spotlight on AAPL because it is the stock that matters most. If it is falling, the broad averages will be weak; and if it is rising, stocks will be held buoyant. On Monday, it almost looked as though the two were headed in opposite directions. At the opening bell, AAPL gapped $3.50 beneath Friday’s final sale and couldn’t sustain even a small bounce. But even as it was getting pounded, the Dow rallied from down 100 points to within 22 points of unchanged. It didn’t take long for the Indoos to get in bearish gear, however, and they fell for the rest of the day, more or less synchronized to AAPL’s small ups and and large downs. I expect AAPL to go even lower in the days ahead. Most immediately, there’s a target that lies $3.00 beneath Monday’s 185.85 close. But if that Hidden Pivot support is decisively breached it will open a path down to as low as 170.78 over the near term. All eyes will be on the stock whatever it does, but keep my targets in mind if you want a more accurate sense of where the turns are most likely to occur.
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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.
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