Ricks Picks

Tariff Fears? Get Ready to Buy the News

EST

The tariff war has been weighing on the stock market lately, but don’t be surprised if shares take a lunatic leap as soon as it blows over. My hunch is that regardless of how the dispute with China settles — or perhaps doesn’t — the mindless priorities of the market’s institutional sponsors will remain unchanged. They earn their bread-and-butter the old-fashioned way, after all, throwing Other People’s Money at stocks supported without limit by “research.” So what difference does it make, then, if higher tariffs suck a few hundred billion dollars from a ten-trillion-dollar shell game? With the Fed continuing to supply more or less unlimited credit, it’s not as though the entire sum can’t be magically replaced before it is even missed.

The real economy will get hurt, for sure, but who cares? Who would even know it, assuming the news media, economists and Wall Street’s spin doctors continue to direct our focus toward unemployment numbers that are likely to remain rosy in the months ahead. The stock market doesn’t need an assist from any source so stiff and mundane as “the economy”. It runs purely on financial fuel, and that’s why, for all of the hullabaloo about onerous new tariffs, the outcome of the negotiations will cease to have an effect on stocks a week from now, if that long. Sell the rumor, buy the news.

Comments on this entry are closed.

Thomas White May 10, 2019, 1:19 am

A few questions, if I may… (1) While it is surely true that the “institutional sponsors” enjoy throwing Other People’s Money around, would you agree that, in general, these scumbags can make a ton more money (bonuses, etc.) when, despite the reality of things, they successfully manipulate the market upward? (2) If the influence of the tariffs will be nearly nil in a week, as you presage, why not begin loading up now before the premarket “news” prompts everything to gap up big at the opening?

&&&&&&

Not sure what you’re asking, Thomas, since I already answered your questions explicitly on this page. Concerning the coming resurgence of stocks, I put out a 3095 target for the S&P 500 a couple of weeks ago. It is currently trading for 2870, so that would equate to an 8% rally. RA



Hidden Pivot Graduate
Help Page


Click here
for a help page needed as a Hidden Pivot Graduate.

Keep Your
Skills Current


Click here
for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge

Login



Start a Subscription
Lost my password

Seminar Information page.

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.

Knowledge Base Link
Show Buttons
Hide Buttons