Ricks Picks

The Case for New All-Time Highs

EST

The rally that powered stocks to record gains in January went flat last week, but for a bullish reason: sustainability. DaBoyz are in no great hurry to pretty up the illusion that new all-time highs are possible. With no time constraints, they’ve adopted a go-slow approach that investors and pundits can buy into. Keep in mind that if the Masters of the Universe are very successful at keeping this deception alive — by no means a given at the moment — a stock market with plenty of good reasons to fall could instead keep climbing.

This will always be possible, since it is not the health of the economy that drives the markets, but the other way around. Purely cyclical forces cause stocks to rise and fall, often mysteriously. When shares are rising — manifestly for no good reason — this energizes and lubricates the gears that make the economy hum. The effect is mainly psychological: a change in attitude and perceptions caused by rising stocks that eventually brings a moribund economy back to life.

1 comment… add one
Lee February 10, 2019, 6:04 pm

It’s not even about getting to new highs yet although that’s a sure thing eventually. For now, all the bulls have to do is exceed the Dec 3 high by a penny on most charts and it’s a bullish cup formation. Should be like cake with the breadth numbers we’re seeing.

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Tuesday, March 5, 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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