Rick Ackerman’s Technical Forecasts – Wed 27 Nov, 2019

Rick is putting some shorts on the E-Mini S&P

Rick Ackerman joins me today to share a recent trade he is taking going short on the S&P. While he does not think this will be “the mother of all tops” but for how far the market has run without any sort of correction he thinks now is the time. We also discuss the VIX which continues to trend lower and the speculators build on there historic level of shorts.

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Comments:
  1. On November 27, 2019 at 12:48 pm,
    Ryan Walker says:

    While I’m not shorting the S&P, I did move to the sidelines today. Stretched too far above the moving average. Thanks Rick.

    • On November 27, 2019 at 1:06 pm,
      paul says:

      Good job. Much better than Gary Shilling who told investors to short the S&P 500 back when it was down around 2895. Anyone who took his advice lost over 8% so far.

      https://www.youtube.com/watch?v=bL1EuhFS_u4

  2. On November 27, 2019 at 6:11 pm,
    markedtofuture says:

    Margin Call Chaos: Hong Kong Stock Plummets 75% In Minutes

    https://www.zerohedge.com/markets/margin-call-chaos-hong-kong-stock-plummets-75-minutes

  3. On November 27, 2019 at 6:17 pm,
    markedtofuture says:

    Paul Pelosi, Jr. faces allegations of abuse, fraud

    https://www.youtube.com/watch?time_continue=5&v=gMCgw4XvvbE