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March 9, 2017 | Stocks Flubbed a Bullish Cue

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.

The broad averages barely blipped this week on very bullish employment news, suggesting that the moderate weakness we’ve seen in recent days is likely to continue or perhaps even snowball. We took a small put position that paid off for some subscribers, but we’ll be looking to do it again ahead of next week. Stay tuned to the chat room and The Scoreboard intraday, since that’s where tradable ideas in real time are likely to surface.

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March 9th, 2017

Posted In: Rick's Picks

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