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December 25, 2017 | Get Ready for…Nothing

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.

I will update my touts as warranted this week, but I’m not expecting anything remotely significant or interesting to happen on Wall Street between now and New Year’s Day. Stocks are liable to waft higher because that is what they’ve been doing for almost nine years. If the uptrend does in fact continue, you can use the modest rally target at 2710.25 that has obtained in the E-Mini S&Ps for the last week or so. I will not be putting out additional trades in bitcoin, at least for the next few days, because tracking its rabid histrionics has left me with a touch of cryptocurrency fatigue. However, for the record, I’ll note that of the five bitcoin trades I’ve offered so far, four have been solidly profitable, with just one small loss of around $400. All of the trades were initiated by way of explicit, timely, guidance that appeared on this page as well as at FXStreet.com, a web site with a global following of currency traders.

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December 25th, 2017

Posted In: Rick's Picks

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