Ricks Picks

How AMZN Could Juice the Market


Could AMZN goad the broad averages toward new record highs without any help from AAPL? We may find out soon whether such manipulative ‘triage’ is possible if the stock pushes past the trendline shown in the chart. It comes in around 1730 and could be hit by week’s end if buyers maintain the steep trajectory that has obtained since Dec 24. The stock has risen nearly 30% since then and seems capable of wilding sprees even when the shares of Apple, long our number one bellwether, look like hell.

There are two important peaks below the trendline, and a rally exceeding them would be setting up a more likely assault on it.  You can be certain in any case that the Masters of the Universe are planning to short-squeeze AMZN for all it’s worth. As we’ve seen in the past, it doesn’t take much leadership to keep the broad averages buoyant — only a FAANG stock with a mind to ignore or forget bad news. Such forgetfulness could conceivably help rejuvenate the shares of Apple and Facebook, which have gotten nothing but bad press over the last several months. Whatever happens, we should put aside doubts that stocks are capable of shrugging off an incipient recession and doing something really nutty. At the same time, we should remember that any bear rally worthy of the name is going to do whatever it takes to convince us it’s capable of achieving new all-time highs.

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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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