Ricks Picks

The Fed Has Turned a Brat Into a Monster

EST

[I will be running this commentary over the weekend so that more people find it. It sounds a bearish theme that I believe will put traders a step ahead of the news for weeks to come. RA]

Powell gives Wall Street a scoop of ice cream, and how do the spoiled little brats react? For starters, by setting the curtains on fire and peeing on the living room carpet. The Dow Industrials plummeted 480 points Wednesday after the Fed announced a 25-basis-point rate cut that had been universally expected. Some gratitude!  It’s safe to say this won’t be the last time investors act like a five-year-old throwing a tantrum as they try to pry another 50 basis points from the Open Market Committee.

Every parent has been through this and knows the consequences of giving in. The correct reaction is to deny the kid his treat or he’ll start demanding one before every meal. The first few times, the kid will stomp his feet, cry, kick and scream. But once a parent gets past the withdrawal stage, things will calm down.

How Far?

Unfortunately, the banksters have done just the opposite, serving up a dollop of ice cream when the stock market is trading at record highs, America is at full employment and GDP growth is stronger than it’s been in a generation. It is unprecedented for the central bank to loosen under such circumstances, but by doing it anyway they have created a monster. How far will stocks have to fall to make Powell & Co. cough up another 50 basis points? We’re about to find out.

Comments on this entry are closed.

John Jay August 1, 2019, 10:44 am

70% algo program trading.

Unlimited funding at the Fed window.

Central Banks trading too

If it all somehow crashes, the Fed will just cover their losses with a “TARP”

“Suddenly, I realized I had made a terrible mistake. I had joined the wrong mob.”

LOL!

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, 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.

Knowledge Base Link