Feisty Dollar Refuses to Pull Back

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 A Feisty Dollar Refuses to Correct Published Monday, May 8, 5:59 p.m.. EDT The Dollar Index has rallied for three weeks without a significant correction, raising the odds that April’s 89.23 low could turn out to be a very important one. Notice as well that the dollar’s romp has exceeded numerous prior peaks, including no fewer than one ‘internal’ and two ‘externals’ labeled in the chart. From a ‘Hidden Pivot’ perspective, this defines the rally as a powerful ‘impulse leg’ — i.e., one with the presumptive moxie to generate another once the inevitable correction has run its course. The technical implications would be even more significant if buyers are able to push this vehicle past yet another ‘external’ peak without correcting along the way. The number to watch is 94.22, where DXY apexed in December. I’m monitoring the dollar’s vital signs closely; for if the bull market begun in March 2008 has resumed, then, as I wrote here earlier, “everything is about to change — and I mean everything. A strong dollar would surely flatten exports, raising trade-war paranoia to a shrill crescendo. But the main effect would be deflationary in that it would tighten the noose around the throats of all who owe dollars. Could the stock market move higher in such an environment? Stranger things have happened, but it seems most improbable.” If you don’t subscribe but want to join in the fun, [click here]( for a two-week free trial to Rick’s Picks, including access to a 24/7 chat room that draws great traders from around the world. [follow on Twitter]( || [forward to a friend]( Copyright © 2018 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](//Com.us1.list-manage.com/vcard?u=822f57272edf2c46e4f77a7be&id=ca89ff5d33) [unsubscribe from this list]( | [update subscription preferences](