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December 21, 2017 | Boeing’s Little Cough

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.

Elsewhere on the page, I’ve noted some slippage in Boeing shares that has begun from a record-high on Wednesday that nonetheless fell a tad shy of our expectations. Is this that ominous cough in the second reel? We should know soon enough. The weakness is worth watching in any case because just a little bit more of it would start breaching prior lows on the intraday charts that are lined up like ducks in a row. That would be bearish, at least for the short-term, and a potential drag on the broad averages.

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December 21st, 2017

Posted In: Rick's Picks

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