DaBoyz Goose AAPL to Fool the Hoi-Polloi

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 Wednesday DaBoyz Goose AAPL To Fool the Hoi-Polloi Published Tuesday, Jan 29, 9:15 p.m..ET Yesterday’s commentary suggested keeping a close eye on AAPL because the stock has looked so awful lately. When you catch yourself thinking a stock has nowhere to go but down, that’s when you should prepare for it to explode. Which is exactly what Apple shares did tonight, on news that the company’s earnings have “stabilized”. This morsel of fake news did the job it was designed to do, triggering a short-squeeze after the close that has pushed AAPL to 164.85 — more than $10 above its intraday low. This works out to a gain of around a billion dollars. It’s safe to say that nearly all of it went into the hands of institutional thimble-riggers who have sought the perfect opportunity to unload shares ahead of the stock’s eventual plunge below $100. I won’t rehash all of the problems that have caused AAPL to fall from $233 in early October to a bear-market low so far of $142. Suffice it to say, the company has no new killer products or apps to offer consumers, and their exorbitantly overpriced iPhones — up to $1500 for the latest model — will face increasingly aggressive competition from Asian manufacturers. A U.S. recession would deliver the coup de grace, turning what until recently had been the world’s most valuable company into a salvage case. Fool’s Gold But any such day of reckoning has been postponed by tonight’s rocket rally. It easily exceeded a prior peak at 162.11 where I’d said the technical picture would turn from full-on bearish to moderately bullish. It will also turn the FAANGs and a few other lunatic stocks feisty enough to push the broad averages higher, perhaps significantly so, for at least the next few days. At some level, a bear market that had started to look like a given will begin to sparkle like cave wall salted with fool’s gold. As is our wont, however, we’ll continue to insist that the rally is a hoax while acknowledging that with enough pyrite, it could conceivably mutate into the real McCoy. DaBoyz are that clever, and we should never doubt their ability to manipulate stocks so that everything that seemed to be weighing on the market just a week or two ago will become a vague memory. If you want a closer look at Rick’s Picks, [click here]( to sign up at the top of the home page for a free two-week trial subscription -- no credit card needed. Drop by the 24/7 chat room first — and be sure to say hello when you arrive! [follow on Twitter]( || [forward to a friend]( Copyright © 2019 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](