Webinar

030718 The Weekly Wednesday Real-Time Tutorial Session from Rick Ackerman on Vimeo.

Toward the end of this session we dog-tailed Boeing, mainly to see whether we could get in and out of a $350 stock without getting dinged too badly. BA was in hurt-cripple-and-maim mode, so our efforts to master it, if only briefly, are instructive. As Boeing rose for about 7-10 minutes, we looked mainly for camouflage and mechanical set-ups, although not for buy-stop entries, since this critter is too squirrelly for them to work. All of our ‘mechanical’ entries did, however, and that is why you should check out this recording, especially the final 15 minutes.

We found two trade set-ups on a morning when the markets had gone bonkers before the opening because of an unexpected jump in the CPI. Stocks reversed very sharply after the initial hysteria subsided, allowing us to find extraordinary opportunities in Crude Oil and the E-Mini S&Ps. By day’s end, rallies in each went on to produce excellent outcomes. You will be surprised at how very little was risked initiating these two trades – one using a ‘counterintuitive’ set-up; the other, ‘camouflage’.

We pored over possible entry set-ups in the E-Mini S&Ps, but it is the ‘camouflage’ set-up in March Crude that you’ll want to check out. The material is contained in the second half of this session. It explains how to get around crude’s propensity to behave less precisely than most other futures contracts in fulfilling Hidden Pivot targets. The workaround is relatively simple and accessible to anyone with a rudimentary understanding of the ‘camo’ trade.

This lesson was an un-themed smorgasbord, with cheese, crackers, fried duck’s feet, lutefisk and Rocky Mountain oysters. Some who attended called it a “great session” in the chat room. See for yourself. We did not identify any trades that could be attempted in real time, but as always, “doing nothing” provided a learning experience.

Rick starts about 1 minute into the video The market was in do-nothing mode, having failed to follow through on an opening-hour selloff but not strong enough to run 'er up bears' old wazoo. Despite this, we avoided tedium with a look at crude oil's charts that suggests much higher prices are coming. This came as a surprise to me, but you can decide for yourself whether the technical logic to support this conclusion is persusaive.

We found some enticing opportunities during this session, although none that allowed us to pull the trigger in real time. We also further refined the rules for 'mechanical' entries, a tactic we've been using with increasing frequency over the last several months. See how easily it worked to set up trades in the E-Mini S&Ps, February Gold and AMZN. There are subtleties here that will be new to most webinar grads.

The markets were predictably sluggish as stocks surfed the thermals of a holiday-packed week. Even so, we had time to advance the state of Hidden Pivotry with some finely nuanced observations centered on the E-Mini S&Ps in particular. The result was the formulation of a new and potentially very useful rule for setting up ‘mechanical’ trades. That’s why this lesson is a must-view for any Pivoteer who missed the live class.

We went off the beaten path during this session, setting up an option calendar spread in DIA designed to leverage a compelling rally target at 251.01. I described this tactic in an article I wrote years ago for Stocks, Futures & Options magazine, but this recording summarizes the material visually in just a few minutes. We also looked for day-trading opportunities in the E-Mini S&Ps, Boeing, Bitcoin and Amazon.