Ricks Picks

The Stock Market’s Ominous Cough

EST

This week’s 900-point selloff is technically very similar to the 1000-pointer that occurred between February 25 and March 11. Both exceeded two prior lows on the daily chart, generating bearish ‘impulse legs’ in the process. Now, even if the Dow should recover much or most of it in the days ahead, it would not change the troubling fact that two diving feints occurred within such a short time span. This is akin to that ominous cough in the second reel of a Hollywood melodrama. The bull’s vital signs are failing, and, for a score of reasons that I’ve written about here,  it seems an unlikely time for stocks to get second wind. Even so, I will continue to stick closely to big-picture technicals that, at least theoretically, still give the bull plenty of room to run. The picture would change dramatically for the worse, however, if the Indoos were to fall a further 757 points, or 2.91%, exceeding 25,208 to the downside. A corresponding drop for the S&P 500 Index would be 163 points, or  5.65%. As for the Nasdaq (QQQ), still trading near last autumn’s record highs, a 17-point drop to 169, or 9.1%, would likely be the death knell for the aging bull.



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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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