Ricks Picks

AAPL Locomotive Has Plenty of Steam Left


AAPL buyers are in hyperdrive, capable of dragging the broad averages higher not only in the days ahead, but quite possibly until New Year’s. The stock is bound most immediately for the 187.42 target shown (see inset), but any higher  would put an alternative target at 188.95 in play. These targets are useful for trading purposes, but also for analysis. A decisive move past the lower number would put the higher in play. If it too is exceeded, that would be a sign that the uptrend is likely to continue, possibly after a tradeable retracement. As I have emphasized here repeatedly, as long as AAPL is moving higher the broad averages will continue to do so as well. That is why we should pay very close attention to the way the stock interacts with the two Hidden Pivot resistance points noted above.

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John Jay December 4, 2018, 10:07 am

Laisser les têtes riches rouler
Rendre la France grande encore!

John Jay December 4, 2018, 10:00 am

I will be waiting with hopeful anticipation to see what happens in France this coming Sunday!
The “Yellow Vests” are promising a symbolic “Second Storming of (long gone) Bastille”
And it’s about time too!

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Tuesday, August 20, 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.

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