Rick Ackerman’s Technical Forecasts – Thu 2 Aug, 2018

Here’s Why Rick Thinks The Markets Are Overdrawn

Rick Ackerman joins me to outline why he thinks the markets are overdrawn. That being said when looking at the charts he is seeing new highs.

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Rick AckermanCory Fleck
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  1. On August 2, 2018 at 11:03 am,
    Charles says:

    Love Rick’s use of words and analogies comparing current generation iPhones to tangerine colored computers Steve Jobs introduced. My wife picked up one of those from Goodwill not to long ago that she wanted to use as a conversation piece in our living room. Say what?? Also, Rick compared Apple’s stock price as one more brick higher in the wall of worry that might be a brick to far. Awesome stuff!

    • On August 3, 2018 at 3:03 am,
      Excelsior says:

      Agreed. Rick’s and engaging speaker and writer, and it is interesting how little breadth there is in the general stock indexes as all the money has been piled into a handful of names by institutional funds, ETFs, and trend investors now, to where certain companies are shouldering most of the gains in the S&P, Dow, and Nasdaq.

      Charles, when I read you post, I just realized we don’t have a “conversation piece” in our living room. I may pick up this typewriter from the late 1800’s and have a go at it. 🙂


      • On August 3, 2018 at 3:04 am,
        Excelsior says:

        Correction – that should have said: “Rick is an engaging speaker…”

      • On August 4, 2018 at 9:59 am,
        Charles says:

        That’s a real beauty Ex. Needless to say I won’t be sharing that photo with my wife😉👌

  2. On August 2, 2018 at 4:04 pm,
    Tad Barker says:

    Yep. He’s a gent. Good thoughts.