Ricks Picks

No Chance This Rally Is the Real Deal, Right?


So why didn’t Friday’s short-covering panic produce another thousand-point blowout for the Dow? Buyers just didn’t seem to have it in them. Instead, Wall Street had to settle for a less-than-dazzling 747-pointer that could have impressed only Jim Cramer and a few other market cheerleaders who get paid to tout bear rallies like they were the real thing. How do we ‘know’ it’s a bear rally? Because, is why! Who in their right mind could believe that even the most urgent short-covering could redeem this hoax with a move to new-record highs?

Of course, for a smug permabear to even pose that question in a headline is to invite trouble. Yes, housing and autos are in the dumper, corporate earnings have peaked, AAPL is no longer capable of an up-yours wilding spree and the Fed has tightened one time too many. But there are a couple of ‘what ifs’ that could conceivably put bulls back in the game. Suppose, for example, that China, whose economy is starting to spiral downward, were to give Trump the trade deal he wants? And then suppose the Fed, remorseful over its last, incredibly stupid rate hike, were to announce QE5? Then what?

Game-Changing Headlines

Well, for starters the Dow could surely squeeze a quick 1500 points from those two headlines, especially if they came back-to-back. That would leave the blue chip average an inch shy of 25,000, sitting just above a 24828 ‘external’ peak recorded December 12. Now take a good look at the chart (inset). Would you want to get in the way of bulls at those heights, just as they were starting to feel their oats?  That’s what I thought. Admittedly, the two prayed-for headlines are unlikely to materialize just because the stock market needs them. But it’s not out of the question, especially with a President whose luck has been pretty good.

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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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