Ricks Picks

BA – Boeing Co. (Last:370.16)


It’s clear that no matter how damaging the news, Boeing’s institutional sponsors will continue to do whatever it takes to levitate the stock. Remarkably, BA has rallied 10% into an onslaught of headlines concerning the aircraft manufacturer’s apparent negligence in two 737 collisions that killed 346 people. Will China or some other countries cancel their orders for the 737 Max as a result? Will lawsuits ultimately cost the company many billions of dollars? If so, investors have been acting like they don’t care. But let’s see if they can get past the 402.67 resistance shown in the chart.  It poses a formidable obstacle to the manipulation of the stock, even by the biggest institutional players in the securities world. If they are able exceed this ‘Hidden Pivot’, closing for two consecutive days above it, we would have to concede that BA’s cool, canny handlers are capable of challenging the all-time high at 446.01 recorded on March 1. _______ UPDATE (April 8, 6:55 a.m. ET): The stock has fallen 4.5% overnight — not in remorse over all of those deaths, but because Boeing announced it would cut 737 Max production by 20%. Expect the stock to recover, since this will have no impact on the predictability of earnings, the single most important factor in institutional buyers’ love affair with Boeing._______ UPDATE (Apr 9, 8:49 p.m.): Boeing’s run of bad news is challenging the stock’s mighty sponsors mightily. Even sleazeballs who happen to be Masters of the Universe can only do so much to prop up the stock when news of a 737 production cutback follows headlines concerning the crash. It’s so very nice to see them in the same position Mel Gibson’s William Wallace found himself at the end of Braveheart. Unlike him, though, they’ll figure a way out._______ UPDATE (Apr 10, 11:23 p.m.): I’ve introduced a 314.18 downside target in the chart accompanying today’s “The Morning Line”. The topic is “Boeing Is About to Sink the Dow”. _______ UPDATE (Apr 11, 11:14 a.m.): This morning’s spin-control coup should serves as a reminder of how ingenious and resourceful BA’s handlers are. The stock is in a short-squeeze rally, up as much as $6 and catalyzed by this: A story played above-the-fold on the WSJ break-page bears the headline “Boeing to Solicit Overseas Blessing for 737 Max Fix”.  Reread the investigative piece I’ve linked above and decide for yourself. Regardless of what this “fix” achieves, wouldn’t you still choose Airbus over Boeing just to be safe? ______ UPDATE (Apr 11, 5:37 p.m.): When the intended effects of the feel-good story noted above start to wear off, look for the downtrend to resume in earnest. Here’s a chart that shows a slightly revised target at 316.98.

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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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