For Devout Permabears, Here's a Novel Idea...

Today's updates from Rick's Picks. You are receiving this email because you signed up for daily updates at www.rickackerman.com Is this email not displaying correctly? [View it in your browser](. [Follow on Twitter]( [Forward to a Friend]( The Hidden Pivot Seminar "Trading success is only six hours away." Learn Rick Ackerman's risk-averse Hidden Pivot Method and never trade the old way again. -------------------------------- “...I am pinching myself to be sure I am not dreaming. I am more confident every day with the HP approach. I am making money... I am able to escape the screen if I so wish. I do not end the day stressed and hyperactive. Impressed? I am absolutely knocked out - just wish I had found the site years ago. Best wishes, long may you continue.”- David Ivory --------------------------------------------------------------- - [North Korea Is on Investors’ Radar]( - [How Long Can Mr. Market Waffle?]( - [One-Decision]( Are Too Enticing to Shun for Long]( - [Over-Under Bet for a Holiday-Shortened Week]( - [‘Seasonality’ Takes a Licking]( - [Pre-Holiday Hijinx]( - [Is ‘Matt’s Curse’ About to Doom Stocks?]( - [Nasdaq Produces a Rare Profit for Shorts]( - [AMZN Glowers at Bears]( Rick's Pick for Thursday A Novel Idea for the Devout Permabear Published Wednesday, May 30, 8:15 p.m.. EDT There should little that is unfamiliar in today’s chart, which we’ve considered dozens of times since stocks broke sharply lower in February. Punctuated by occasional, wild price swings, stocks have been grinding along ever since, meting out growing dollops of frustration to any trader, investor or forecaster who would seek to benefit from the ongoing drama (or, mostly, lack thereof). Today, however, I want to share one simple observation that is as straightforward and free from emotional bias as I can make it. To wit, the S&P 500 (using the E-Mini S&Ps as a vehicle) became a ‘mechanical’ buy when it fell to the green line on March 22. That is bullish, plain and simple. The ‘mechanical’ trade implied is a specialty of Rick’s Picks because it has worked so consistently for subscribers. Without going into the proprietary details of why the ‘mechanical’ buy shown is such a beautiful specimen, I’ll say only that it leaves little room for doubting bulls, let alone for permabearish skeptics like myself. A key feature of such set-ups is that they excel at handling the scary, second-wave dive that so frequently interrupts otherwise very-bullish-looking charts. In this case, the all-but-obligatory dive took the E-Minis down by nearly 10% in March, narrowly missing a theoretical stop-loss that would have triggered just beneath 2532.50, the pattern’s point ‘C’ low. ‘Mechanical’ Indicator Unintimidated A very similar pattern has replicated itself many times in other stocks — all instances where presumably even the most steadfast bulls would have thought twice about sticking around. The most persuasive instances of recent note came in CRISPR Therapeutics, as well as in some of the more popular bitcoin trading vehicles before they went brain-dead. Bottom line: The E-mini S&Ps are not only on a long-term buy signal, they look likely to achieve the 2995.25 target. This seems incredible to me for economic reasons I have explained in detail several times. I expect the U.S. to be in recession before the year ends. But to be as objective about it as I can, I must concede that the chart shown seems to know nothing of this, nor to care. If you don’t subscribe but want to join in the fun, [click here]( for a two-week free trial to Rick’s Picks, including access to a 24/7 chat room that draws great traders from around the world. [follow on Twitter]( || [forward to a friend]( Copyright © 2018 Hidden Pivot Enterprises, All rights reserved. You're receiving this email because you requested that our Daily Commentary be emailed to you. If you don't wish to receive further mailings, please use the unsubscribe link at the bottom of this message. Our mailing address is: Hidden Pivot Enterprises PO Box 270646Louisville, CO 80027 [Add us to your address book](//Com.us1.list-manage.com/vcard?u=822f57272edf2c46e4f77a7be&id=ca89ff5d33) [unsubscribe from this list]( | [update subscription preferences](