November 21, 2017 | How High to Set Your Sights…

Taken together, my latest updates for VXX, AMZN and AAPL imply that the bull market is likely to achieve significantly higher prices over the next 6-10 weeks. VXX has broken down and seems bound for depths that would have been almost unimaginable a year ago. If this volatility-tracking trading vehicle reaches the 216.32 target we’ve been using more than a month, it suggests a correspondingly enormous rally — with no significant corrections — in the broad averages. My new rally targets for AAPL and AMZN are ambitious, but not quite fantastic. Check them out if you want to see what is possible as 2017 draws to an end. (Note: Updates for Wednesday were prepared during market hours rather than after the close as is customary, since I’ll be traveling to Colorado later today to reunite with my sons for Thanksgiving.)
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Rick Ackerman November 21st, 2017
Posted In: Rick's Picks
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