Ricks Picks

Why Bulls May Have Trapped Themselves

EST

Monday’s refreshing 767-point plunge in the Dow has put the Fed on the spot sooner rather than later. Investors, the spoiled little brats, lost no time pricing in a 100% chance of a rate cut next month, but they may be trapping themselves in a lose-lose situation. A lot could happen between now and the Open Market Committee’s August meeting. Suppose stocks rally, recovering half or more of what they’ve lost over the last four days? That might generate a feel-good mood on the surface, but also the deeper worry that a rate cut would be less likely. Since stock-market bulls have become more dependent on rate cuts, or at least the promise of them, than on actual good economic news, the bounce in stocks from these levels or perhaps lower could become self-limiting. Alternatively, if stocks continue to fall and the Dow is trading 2,000 points lower when the FOMC next meets, the mood on Wall Street might be too glum to make hay with a dovish announcement.

Selloff  Was Kinda Lame

For the moment, however, stocks are getting the crap pounded out of them in after-hours trading Monday night. Perhaps bears are embarrassed about their failure earlier in the day to deliver the haymaker to the Dow with a satisfying 1000-point kayo. But 767 points? How lame is that? Anyway, with tonight’s promising selloff, they appear to be making amends. Dow Mini-futures have been down as much as 518 points, which if added to the losses they racked up during the regular session comes to a fairly impressive 1,285 points. Apple shares are saying the bottom is still a ways off, however. For an explanation as to why, click here for a Facebook presentation I put out Monday afternoon. You can watch it on Facebook without joining, but here is the same presentation on YouTube if you don’t have a Facebook account.

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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.

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