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May 21, 2018 | Your Daily Scandal Sheet!

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 become more bluntly opinionated in these pages lately because following the markets from a purely technical perspective has become almost too boring to care about. Gurus by nature are wont to predict that ‘something’ is about to happen. However, long stretches of tedium, including such innumerable, senseless rallies to nowhere as we’ve seen in recent weeks, mock my efforts. But I cannot tell you to expect anything like a collapse, if for no other reason than that it is simply not in Amazon’s chart.  The stock is the best proxy we have for the mindset of institutional ‘investors’, who show no sign whatsoever of being ready to pull the plug.

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May 21st, 2018

Posted In: Rick's Picks

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