Ricks Picks

Bulls Boldly Stand Their Ground While Boeing Gets Shaken Down

EST

Buyers showed bold tenacity Monday, holding the broad averages steady until an extremely volatile Boeing righted itself. The stock, cherished above all others by its institutional sponsors, came under heavy pressure overnight on news that a 737 had gone down in Ethiopia, killing all 157 aboard. This was the second fatal crash of this aircraft in five months, and it triggered a stampede out of Boeing shares that carried into the early minutes of the regular session.

The selloff knocked the Dow for a loop, since Boeing, its most heavily weighted component, opened down 57 points. This helped put the Indoos 240 points in the hole from the get-go, in stark contrast to S&Ps that were up the equivalent of 150 Dow points. By day’s end this divergence had settled heavily in bulls’ favor: the Dow finished up 200 points; Boeing recovered 34 of the 57-points it had initially lost; and the S&Ps gained an impressive 40 points.

“Tech” Stocks

The Wall Street Journal pitched in with some ray-rah twaddle on the front page: Tech Stocks Bolster Global Markets. You could almost overlook that this is simply a narrowing of market leadership to an extreme, and that the geniuses who get paid to throw Other People’s Money at stocks are merely piling into fewer than a dozen high-profile, huge-cap issues.  And not to sound churlish, but ‘tech stocks’ ain’t what they used to be. There was a time when this group might have included companies hard at work building things, producing energy from fusion, canceling gravity — that sort of thing. Instead, today’s list of tech-sector giants is led mainly by glorified advertising agencies and companies that sell stuff on the Internet: Facebook, Google, Tencent Holdings, Amazon, Alibaba and Naspers (a media biggie that is Africa’s largest publicly traded company). Get these stocks going, and investors and the news media could almost forget that the central banks are so fearful of a global recession that they are about to hit the QE panic button.



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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.

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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