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March 20, 2017 | AMZN Poised to Lead Stocks Higher

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.

Once again, I’d suggest that you pay close attention to AMZN, since it is arguably the most important stock-market bellwether of them all. My latest tout identifies a target at $899 that is a healthy leap above targets in the $870s that we’ve been using since autumn. It would take just a small push of perhaps $5-$7 to make the stock an odds-on bet to reach $899. If this is about to happen, it’s likely the broad averages will be moving higher as well.  Note: If you don’t subscribe but would like a look at my current forecast and chart for the stock, and many others, click here for a free two-week trial subscription.  That will also get you into the Rick’s Picks chat room, as well as invitations to any real-time impromptu requests sessions held in the days and weeks ahead.

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March 20th, 2017

Posted In: Rick's Picks

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