Hard to Believe, but the Dow Has Tripped a 'Buy' Signal

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 Monday Uh-Oh! The Indoos Have Tripped a 'Buy' Published Sunday, Nov 18, 6:30 p.m. ET The Dow Industrials tripped a ‘mechanical’ buy signal with last week’s dip to the green line (see inset). The bullish Hidden Pivot pattern is not perfect for proprietary reasons that I won’t go into here, but suffice it to say, if this were the five-minute chart of some garden-variety stock, there would have been little reason to fear loading up the truck when the Indoos bottomed last Thursday. Yes, it’s difficult to be so blandly objective about the chart shown, because it is not some rinky-dink stock we are looking at; rather, it is a momentous chart whose ups and downs could foreshadow the health of the global economy over the next five years. What’s Wrong with This Picture? There are caveats, to be sure. Using the same fearless rules that govern the charts of stocks we don’t much care about, key resistance lies at the red line, 25559. But once decisively above it, at around 26,000, the blue chip average would become an even-odds bet to test the all-time high. There are a half-dozen powerful reasons why this ‘shouldn’t’ happen, including the nascent collapse of two key U.S. economic sectors: housing and autos. There’s also a growing likelihood that China’s economic downturn and a slowdown in Germany are about to spread to the rest of the world. A tariff deal with China would almost certainly reverse the bearish tide in stocks, at least for a while. But if there is no deal, it’s hard to imagine Wall Street summoning the energy for a last hurrah, let alone a sustained move into the ionosphere. If you don’t subscribe but want a peak behind the headlines, [click here]( for a free two-week trial to Rick’s Picks. It will give you instant access to all features and services, including a 24/7 chat room where great traders from around the world share ideas that can help you profit. [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. The return email address is not monitored for reply. 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]( [unsubscribe from this list]( | [update subscription preferences](