Ricks Picks

BA – Boeing Co. (Last:353.96)


Boeing has conspicuously failed to hit an ‘easy’ rally target at 387.54, suggesting that all the deft spin control in the world may not be enough to coax the stock high enough to suck in the rubes. The rally target will remain viable nonetheless until such time as 373.68 is exceeded to the  downside. This seems likely, as does a test of structural support near 362 where sellers have been repelled twice since the fatal March 11 crash of a 737 Max._______ UPDATE (Apr 23, 10:25 p.m.): A failed salvage operation threatens to send the stock down to 349.59, a Hidden Pivot support that will be in play if sellers breach the 367.12 midpoint pivot shown here. _______ UPDATE (Apr 25, 9:05): The public relations con-game that’s keeping Boeing afloat has grown too tiresome to watch, so I’m ‘de-listing’ the stock for now.  I’ve set screen alerts above $400 and below $360 to wake me if something interesting happens._______ UPDATE (May 13, 11:53 a.m.): BA has finally broken down

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Seminar Information page.

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.

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, August 20. Click below to register or get more information.

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