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For Investors, It’s Better to Look Bad than to Feel Good

EST

Investors are showing acute symptoms of Mad Sheep’s Disease, so obsessed are they with Fed monetary policy. To judge from the stock market’s weakness on Monday, Wall Street is now 100% dependent on stimulus from the Fed, or at least regular hints of it, to keep the ten-year-old bull market going. Consider Friday’s report that the U.S. economy added 224,000 jobs in June. Although that is well below peak levels, it suggests that hiring is continuing at a healthy pace even as the economy cools. Ordinarily that sort of news might be expected to hold stocks buoyant. In this case, however, it produced only a knee-jerk selloff because it ostensibly reduced the odds of Fed easing before August.

Kowtowing to Wall Street’s Greed

Recently, even the most dovish banksters have struggled to concoct a plausible reason for loosening, given that the stock market is trading near record highs. But the easy-money mob has grown so shrill and persistent lately that Powell was ready to gun the supply of funny money for no good reason. Now with hiring strong and steady, the Fed must feel positively embarrassed about having to kowtow to Wall Street’s naked greed. (Don’t worry, all you sheeples, that won’t stop them from doing the wrong thing.) In the meantime, we should expect the stock market to act out the terminally afflicted logic of chronic Fed-itis. To borrow Ricardo Montalban’s famous phrase, as far as investors are concerned, it is better to look bad than feel good.

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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.

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