Frustrated Bear? ​A Temporary Top Is Near

The Morning Line [Published Sunday, June 18, at 7:30 p.m. EDT]( Frustrated Bear? A Temporary Top Is Near When will the rampaging bull run out of steam? A good question, considering how Wall Street has been flouting a slew of good reasons for the broad averages to be at multiyear lows rather than revving up for a shot at new record highs. Two destructive juggernauts in particular are bearing down on the economy with such force that only investors in a far-gone state of madness could contrive to ignore them. For one, an epic collapse in commercial real estate is well under way that will flatten the economy for decades. And for two, the most extreme yield-curve inversion on record is predicting a commensurately extreme recession. Under the circumstances, it would seem logical for traders to short into the stock market's showy display of false strength. So far, however, this strategy has brought only pain, along with the sight of stubborn bears being carried out in body bags. "This is starting to get out of hand," remarked a bruised and battered Rick's Picks subscriber in the chat room the other day. "What's the latest [Hidden Pivot] for a topping call. At least an intermediate top?" You can access my precisely detailed response [by clicking here]( but the bottom line is this: Two bellwether stocks have at least somewhat higher to go before they, and presumably the entire stock market, are ready to keel over from exhaustion. A Setback, Then Higher Specifically, MSFT has a 5% rally ahead of it before it reaches a potentially important top, and AAPL an additional 3.6%. These figures are based on Friday's close and differ slightly from the ones given in the recording, a tech analysis session that includes some nifty tricks you can try yourself with put and call options. The precise price targets for the two stocks lie, respectively, at 360.02 and 191.73. Jot these numbers down if you trade the stocks, because both are capable of stopping the running of the bulls in its tracks. But only temporarily, I should warn you. That much is clear in the long-term Microsoft chart above. Although the imminent selloff could be brutal, I expect the broad averages to come roaring back to challenge the lofty highs recorded at the beginning of 2022. That's why I would suggest taking partial profits early and often as stocks recede from the rally targets as we should expect. [View Post on the Rick's Picks WebsiteÂ]( Here's How to Jump In... Not sure of the best way to get started? Follow these simple steps to become a consistently profitable trader. Step #1Learn The Basics for FREE! [Impulse Leg Toolkit]( ... [Butterfly Spread Strategy]( [Fundamentals of the Hidden Pivot]( Step #2 Get Rick's Trade Recommendations [Free, Timely Touts]( ... ['Requests' Sessions]( [Free Trial Subscription]( [Select a Subscription Plan]( Step #3Learn to Use the Hidden Pivot System Yourself [Fundamentals]( ['Mechanical' Trade Set-Ups]( [']( Trade Set-Ups]( [The Basics, Plus All Six Trade Set-Ups]( [Start My Subscription]( Copyright © 2019+ Hidden Pivot Enterprises, All rights reserved. Disclaimer - This email is for information purposes only and should not be considered personalized advice or a solicitation to buy or sell any securities.   [Unsubscribe]( Rick's Picks - Hidden Pivot Enterprises PO Box 270646 Louisville, Colorado 80027 United States