Apple Looks Primed to Lead the Market Higher

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 - [DXY – NYBOT Dollar Index (Last:101.18)]( - [The Yellow Flag Is Out]( - [Yellen’s Idea of a Heated Economy]( - [With AMZN’s Effortless Recovery, the Smart Money Is Ready to Rampage]( - [Bull Trades in Gold, Silver and TLT]( - [Inflation Ahead? Yeah, Sure.]( - [A Tone Change in Long-Term Rates?]( - [Bullion Looks Poised to Leap]( - [Where Have All the Contrarians Gone?]( - [Fade the Non-Farm-Payroll Lunatics]( - [Short Into This Craziness?]( - [Is the Selloff Just Another Fake-Out?]( Rick's Pick for Monday $[AAPL – Apple Computer (Last:148.96)]( Posted Sunday, May 7, at 6:30 p.m. ET With AAPL just inches from achieving the 150.24 rally target we’ve been using to surf the trend, it’s time to examine still-more-bullish scenarios. With last week’s spike higher, the stock broke out above a long-term target at 144.56 (see inset) that was based on a pattern dating back to the start of the bull market in 2009. To project an even higher target, I have simply taken the C-D leg of this pattern and treated it as an ‘extension’ of the completed pattern ([click here]( for chart). It projects to 168.46, implying we are about to see a rally of about 13% from these levels. Judging from the way AAPL speared the 128.91 midpoint resistance, 168.46 seems very likely to be achieved. This is notwithstanding Friday’s stall almost precisely at the 148.71 ‘secondary’ pivot of the extension pattern. Although that could prove to be the end of the bull market in theory, it seems improbable. In any event, you should trade the stock with a confidently bullish bias until such time as 168.46 is hit, using pullbacks to the relevant Hidden Pivot levels shown (i.e., at p or x of the extension pattern) to generate ‘mechanical’ buy signals. Stay tuned to the chat room for guidance in real time when appropriate, since we may be able to convert these signals to ‘camouflage’ entry triggers with the potential to reduce entry risk to literal pennies per share. If you don’t subscribe but would like to join great traders from around the world in the chat room, [click here]( for a free two-week trial subscription. You’ll also receive actionable trading ‘touts’ and invitations to frequent ‘impromptu’ sessions where Rick ‘takes requests'. [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 270646Louisville, CO 80027 [Add us to your address book]( [unsubscribe from this list]( | [update subscription preferences](