March 27, 2018 | An Easy Way to Stay in Rhythm with the Stock Market

Old-time slot machines could be gamed to pay off more frequently than usual by using a technique called “rhythming.” As described by gambling legend John Scarne, it entailed playing two slot machines simultaneously. We’re doing something similar by “rhythming” AMZN’s ups and downs alongside price action in the broad averages. The result is a system that has been remarkably accurate in predicting key turning points. Check out the AMZN tout below to see how well it worked on Tuesday, when the stock sold off $94 after coming within 66 cents of a crystal-clear Hidden Pivot target e-mailed to subscribers the night before. AMZN has turned out to be the most important stock in fund managers’ portfolios, continuing upward even when some other must-own shares — notably Boeing and Apple — have begun to falter. Now, watching AMZN alone, we can be confident the broad averages will hold up as long as the stock is buoyant. Conversely, on days like Tuesday, when Amazon shares are dropping like a cinder block, we can safely assume that broad averages will plummet as well, ending the day near their lows.
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Rick Ackerman March 27th, 2018
Posted In: Rick's Picks
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