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The stock market hasn’t been much fun to trade
in a while, but that could change today as the broad averages approach some
potentially important rally targets of ours. Want to know exactly where these
targets lie but don’t subscribe? Click here for
a free trial subscription that will give you access to our proprietary
numbers. One of them foresaw a 600-point rally in the Dow that is nearly
complete. The other is a bullish target for the E-Mini S&Ps that smacked
us in the eye yesterday with its clarity. There are also two bank
stocks whose deft handlers appear to be setting up suckers for the kill.
These financial biggies are household names, but because they are in the
thick of Europe’s bailout hoax, they are destined to go down with the
ship. Under the circumstances, the hysterical, short-squeeze rallies that
have driven their shares steeply higher may be ready to seven-out.
 
We’ve been itching for months to find a good
place to short this market. As many of you who trade will already know,
except for a delightful, breath-of-spring plunge in late October/early
November, it’s been a tiresome, uphill slog for patient bears. Now,
although we can’t guarantee that the Hidden Pivot targets about to be
hit are going to stop the bull dead in its tracks, we’re optimistic
that they will provide an exceptional opportunity to get short. There are
umpteen ways to do this, but we’ll probably concentrate on index
futures and put options on certain equity trading vehicles. If you’re
not familiar with the “camouflage” technique we use to help
alleviate the stress of initiating a trade, you may be surprised at how easy
it is.
‘Unmained’
This won’t be the first time we’ve laid out shorts in a market
that was steaming relentlessly higher. Although the odds will always be
against trying to catch the Mother of All Tops exactly, Rick’s Picks
subscribers know that it’s possible to at least attempt it without
getting maimed. Or even dinged. However, because we are wary of the
watched-pot phenomenon, we will not divulge our specific rally targets in
this commentary. We also don’t want to jinx the numbers by drum-rolling
them too loudly. But if you’re interested in seeing how close we
actually get to calling a/the top, simply click on the link above for a
no-risk trial to Rick’s Picks. You’ll have access to all of our
services and features, including a 24/7 chat room that draws traders from
around the world.
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