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January 1, 2018 | A Pregnant Pause

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 bull market acted like it was in labor when 2017 ended, with numerous popular trading vehicles that we track lying just shy of potentially important rally targets. Since we never pretend to have a crystal ball, we’ll have to see what the week brings.  Will the shares of Boeing, Amazon, Apple shake off their year-end blahs and do what we’ve expect of them for weeks and months? Probably yes, considering that the bull has been charging higher for nearly nine years. We’ll know soon enough.

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January 1st, 2018

Posted In: Rick's Picks

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