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Stocks Go Comatose Ahead of ‘Big’ News from Fed

EST

If things weren’t slow enough already on Wall Street due to summer doldrums before summer has even begun, the announcement coming Wednesday from the Fed has made stocks go comatose ahead of the “news”. Expect Monday’s dirge to continue until the Big Event at 2:00 p.m. EDT. Powell & Co. has been in such a dither lately that anything he says will be greeted with surprise.  We won’t hazard a guess as to which direction stocks will move. [Late-breaking bulletin: Stocks are lunatick-ing vertically at the moment (9:51 a.m. Tuesday) caught in a violent short squeeze ahead of tomorrow’s momentous news.  Ironic that the rally should seriously undermine whatever flimsy rationale the Fed can concoct for easing.]

Although everyone knows the central bank determines when to ease or tighten based on what the stock market is doing, the pretense of using sophisticated tools to shape monetary policy is a silly game with rules that investors dare not flout. The first is “Don’t fight the Fed.” It is at times like this, however, that monetary policy is so muddled and convoluted that it’s difficult for investors to know whether or not they’re in harmony with monetary policy. Sit back, enjoy the show, have few laughs as the alchemists do their stupid thing, and you won’t be far out-of-sync.



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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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