Rick's Pick for Tuesday:  GM's Chart Suggests U.S. Economy Will Keep on Truckin'

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 Recent Commentary - [Click to read With a Fed-less Week Ahead, Markets Will Be on Their Own’] - [Click to read Doug Behnfield's 'Thoughts on the News'] - [Click to read Monster Moves in GOOG and AMZN] - [Click to read Charlatans Team Up with Wack-Jobs to Goose Bullion] - [Click to read Yellen Blather Should Perk Things Up....for a Few Minutes] - [Click to read Dreary and Directionless] - [Click to read It's 'Game On' Again for the Fed] - [Click to read The Yellow Flag Is Out] - [Click to read A Minor Breakdown in Gold?] - [Click to read The Seductions of a 50-50 Bet] Rick's Pick for Tuesday GM's Chart Suggests No U.S. Slowdown Posted Monday, January 16 at 6:30 p.m..ET Investors who have been betting heavily on Trump since the election may be starting to wonder whether the stock market has overshot the bounds of their initial optimism. To be sure, this is an insubstantial brick in the proverbial wall of worry that is said to keep bull markets alive. But are the broad averages about to take a Wile E. Coyote plunge from record heights? Whatever happens, with the stall at these levels about to enter its sixth week, something’s got to give. Will shares pull back in order to get a running start for a leap to new highs? Or will the pullback instead turn out to be the start of a bear market? These are the two possibilities that seem most compelling at the moment. A third — that bulls will go on another rampage without a significant retracement, is highly unlikely in my view. You can see this in the chart, which cries out for a selloff painful enough to disabuse investors of the notion that there’s easy money to be made by simply sticking with an obvious and powerful trend. Housing-Sector Risk As to the possibility that the selloff would prove to be more than a mere correction, there are indeed reasons for caution. Chief among them is the possibility that the slowdown in the housing sector evident in Q4 will worsen, possibly enough to drag the economy into recession. Auto manufacturers will be feeling the pinch of higher interest rates as well, although you wouldn’t know it from examining their charts. The one shown makes a strong technical case that GM shares will be trading 28% higher in six to nine months. If so, Trump will have succeeded beyond the most bullish hopes of those who voted for him, if not beyond his own expectations. You can get Rick's Picks free for two weeks by [clicking here]. You'll gain access not only to daily trading touts and a 'Scoreboard' updated round-the-clock with tradable ideas, but also to a 24/7 chat room that draws veteran traders from around the world. [follow on Twitter] || [forward to a friend] Copyright © 2017 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 270646 Louisville, CO 80027 [Add us to your address book] [unsubscribe from this list] | [update subscription preferences]