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July 13, 2017 | Friday Possibilities

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 made scant progress on Thursday, perhaps because AMZN, the only stock that matters, was in what has so far been a mild correction. I have a bullish target outstanding in the stock that lies about 17 points above. Expect a bullish finale to the week if AMZN gets traction and heads toward the target at 1016. Once above it AMZN would be a good bet for a run-up to 1083.

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July 13th, 2017

Posted In: Rick's Picks

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