Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched ‘fear indicator’ has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatility Index settled at 15.94 on Monday, just a dime lower than where it was when the rally started to accelerate toward the end of last week. Although the first two days of the move had brought the ‘fear indicator’ down somewhat, its failure to budge since then is unusual. Contrarians might argue that this is bullish since it suggests that buyers are holding firepower in reserve. But it’s also possible the VIX has simply got it right and that it has good reason to act worried. Whatever the case, skepticism alone cannot continue to power stocks higher indefinitely. When the last bear has been squeezed bloodless, look out below!
Comments on this entry are closed.
Click here for a special deal for graduates of the Hidden Pivot Course who want to stay on the cutting edge
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.
Apple Sucks, but It’s Still Going to at Least $242
On Wall Street, It’s ‘Toga! Toga!’
Missile Attack on Saudis Poses Trump’s First Serious Test
Whistling Past the Autumn Equinox
Beware of ‘Falling Piano’ in Gold
A WeWork Flop Could De-Fang the FAANGs
Is Dow ‘Magnetic Effect’ About to Kick In?
The Tariff-War Gift That Keeps on Giving
Stocks Unlikely to Waltz Though September