Ricks Picks

DJIA – Dow Industrial Average (Last:27,334)


Here are three numbers to jot down to get an accurate and potentially useful ‘read’ on the aging bull market: 27,436, 28,738 and 33,161. These are ‘Hidden Pivot’ resistance targets for the Dow Industrials, and any one of them could stop the bull in its tracks. Each is a good place to attempt getting short with a tight stop-loss, but if the stop gets pulped, assume that the next-higher target is in play.  And if the Indoos should hit 29,000 (or so) and then plummet to the green line (24,5740), treat that not as a sign that the long-awaited bear has finally arrived, but as a great buying opportunity. Above 33,161, I have no additional targets to offer. That would be the bull’s final charge, as far as I’m concerned, and the best opportunity to get short that we might see in a very long while.

Why should you trust these numbers? For one, if you’ve followed Rick’s Picks for any length of time, you’ll know that the big-picture forecasts — for T-Bonds, gold, the U.S. dollar, interest rates,  inflation (or lack of, actually)  and major stock averages — have gotten it mostly right.  (But not always, as those of you still waiting for crude to hit $28 a barrel would be ready to attest.)  Another reason is that these sunny numbers come not from a hopped up permabull who thinks that decade-old rally will go on forever; rather, they are from someone who could give you a dozen good reasons why the Dow should be trading at 10,000 now, not heading toward 30,000 as would appear to be the case. _______ UPDATE (Jul 16, 8:30 p.m.): Tuesday’s high came within an inch of our longstanding target at 27,436, the first of three important stair-step Hidden Pivots. Let’s see how buyers handle it before we reassess the strength of the trend.

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Seminar Information page.

Tuesday, October 15, 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, October 15. Click below to register or get more information.

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