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April 11, 2019 | It Will All Come Down to Boeing

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.

Shares of Apple and Amazon have stalled, implying that institutional sponsors of these two very important stocks may need a rest before they can lead the next charge higher. ‘Freaky’ Friday would be a good day to take such a crazy leap, except that the broad averages looked too punk on Thursday to deliver one. Moreover, Boeing, which will be driving the Dow’s ups and downs for a while,  may have gotten as much mileage as it’s going to get from a well-spun news story about how the company will seek the approval of some of its biggest sovereign customers for planned safety changes in the 737 Max. The stock’s strong short-covering rally was showing signs of getting second wind after the close, but in any event, the Dow is not going anywhere without Boeing’s leadership.

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April 11th, 2019

Posted In: Rick's Picks

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