The Stock Market's Ominous Cough

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 The Stock Market's Ominous Cough Published Tuesday, May 7, 9:01 p.m. ET week’s 900-point selloff is technically very similar to the 1000-pointer that occurred between February 25 and March 11. Both exceeded two prior lows on the daily chart, generating bearish ‘impulse legs’ in the process. Now, even if the Dow should recover much or most of it in the days ahead, it would not change the troubling fact that two diving feints occurred within such a short time span. This is akin to that ominous cough in the second reel of a Hollywood melodrama. The bull’s vital signs are failing, and for a score of reasons that I’ve written about here, it seems an unlikely time for stocks to get second wind. Even so, I will continue to stick closely to big-picture technicals that. at least theoretically, still give the bull still plenty of room to run. The picture would change dramatically for the worse, however, if the Indoos were to fall a further 757 points, or 2.91%, exceeding 25,208 to the downside. A corresponding drop for the S&P 500 Index would be 163 points, or 5.65%. As for the Nasdaq (QQQ), still trading near last autumn’s record highs, a 17-point drop to 169, or 9.1%, would likely be the death knell for the aging bull. [Click here]( for a free two-week trial subscription that will give you access to all paid features and services of Rick’s Picks, including daily, actionable trading recommendations and a ringside seat in a 24/7 chat room that draws veteran traders from around the world. [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](