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March 13, 2018 | A Tone-Change on Wall Street?

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 hung out the yellow flag because the E-Mini S&Ps reversed on Tuesday without having achieved a clear-as-day rally target.  Bellwethers AMZN and BA have also turned lower after failing to reach ostensibly easy targets. Add in the fact that T-Bonds and T-Notes are in unaccustomed rallies, and there’s enough evidence to suggest we should be alert to a possible tone-change on Wall Street.  Things will grow even more interesting if April Gold pushes past two bullish benchmarks noted in the current tout.

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March 13th, 2018

Posted In: Rick's Picks

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