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March 7, 2018 | Watch Boeing for Market Clues

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 stock market’s nervous ups and downs on Wednesday left little room for a confident call, even on the short-term trend. However, in the current batch of touts I’ve singled out Boeing as the stock most likely to lead the broad averages higher if the week is to finish on an upswing. Although I’ve saved my detailed analysis for paid subscribers, I’ll note for the benefit of casual followers of Rick’s Picks that a two-day close above 348.80 would probably carry the week not only for Boeing, but for the stock market as a whole.  BA closed on Tuesday at 347.06, exactly $1.74 from my bullish trigger point.

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March 7th, 2018

Posted In: Rick's Picks

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