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March 23, 2018 | Watch Out If the Dollar Joins the Party!

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.

This might not be the quickly subsiding ripple-on-the-pond that we’ve become so accustomed to over the years. It’s possible something bigger is happening, and if it continues for just a few more days, it could suggest that institutional mindset may be undergoing a sea change.  I am referring to the fact that stocks have fallen hard on a day when bullion and T-Bonds rallied sharply.  This has occurred before, but seldom has it lasted for more than two days.  If it should happen again on Friday, and then again on Monday, look for these trends to gain momentum in the weeks ahead. The scenario would become even more compelling if waxing rallies in bullion and Treasury Bonds are joined by a resurgent U.S. dollar

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March 23rd, 2018

Posted In: Rick's Picks

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