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December 14, 2016 | Stocks, T-Bonds at a Tipping Point

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

Tuesday’s close was a cliffhanger of sorts, since the E-Mini S&P futures had slightly exceeded a major Hidden Pivot rally target before the session ended. Such is the clarity of the target that even the mere three-point overshoot that has occurred so far has tipped the odds in favor of bulls over the near term.  And if the December E-Mini S&Ps were to close above the 2270.00 target for two more days, that would suggest buyers will continue to romp into year’s end.  T-Bond futures are at a tipping point as well, stalled at a price equating to a 3.163% yield.  Any higher and we could see a further surge to as high as 3.409% in the next 4-7 weeks.

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December 14th, 2016

Posted In: Rick's Picks

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