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October 2, 2017 | October, and We’re All Quite Bullish, Right?

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.

Are we unanimously agreed that, on any given day, odds are quite good that the stock market will continue to move higher? It sure feels that way, regardless of whether one is a hardcore bull or a diehard permabear. But that’s the way we’re supposed to feel come October, right? If you are among the latter, check out my touts below for the E-Mini S&Ps and VXX, since they offer a ray of hope in the form of Hidden Pivot targets capable of reversing the trend.

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October 2nd, 2017

Posted In: Rick's Picks

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