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February 28, 2018 | Watch the Dollar!

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 Dollar Index will break out if it trades above 91.00 — just 36 cents above Wednesday’s close.  This could hold very significant implications for…everything: stocks, bonds, bullion, you name it. DXY’s bear market has yet to breach the 88.29 target I drum-rolled here months ago. When it made a secondary bottom at 88.25 a couple of weeks ago, I suggested ignoring it, since the breach was not technically significant. Subscribers interested in a more complete technical picture should view the recording of today’s tutorial session. Click here to access it.

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February 28th, 2018

Posted In: Rick's Picks

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