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February 12, 2018 | What the E-Mini S&Ps, Boeing and Amazon Can Tell Us

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’ve provided some precise benchmarks that could help us determine whether the bull market is merely correcting or …over. To follow along diligently, check out my latest tout for the E-Mini S&Ps as well as tonights’ updates for AMZN and BA. If all three trading vehicles synch up in bullish fashion, you can be confident that the go-ahead signal is valid. Alternatively, if they all relapse and crush downside Hidden Pivot targets, that would hold bearish implications for the stock market as a whole. No matter what happens I will continue to monitor their vital signs, and those of other key stocks, on the lesser charts. Realize that no BIG change can possibly occur, technically speaking, without becoming manifest initially on the intraday charts.

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February 12th, 2018

Posted In: Rick's Picks

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