Energy stocks were under pressure Wednesday as crude-oil prices settled at a two-and-a-half week low and its biggest one-day loss in 6 weeks. Gasoline inventories posted a surprise increase, a counter-seasonal build of 1.5 million barrels in the latest week, along with an increase in U.S. production. The energy sector was the worst performer among the S&P 500 index’s 11 sectors. Shares of International Business Machines were largely responsible for a decline in the Dow industrials. IBM lost about 5%, after posting its 20th consecutive quarter of declining revenue. IBM has an outsize impact because the Dow is price-weighted, meaning the most expensive stocks (rather than the largest companies) have the biggest pull. Monday’s rally was on low volume, a sign of weakness. Yesterday’s selloff saw volume increase. In the U.S. Treasury market, bond yields rose after a rally on Tuesday sent yields to five-month lows.
The Federal Reserve publishes the Beige Book two weeks prior to FOMC monetary policy meetings. The Beige Book gathers anecdotal reports from the 12 Fed districts; not hard economic data, rather observations and remarks. Today’s Beige Book found “a larger number of firms mentioned high turnover rates and more difficulty retaining workers.” Tight labor markets are broadening out wage gains but price pressures remain modest. A couple of districts said that worker shortages and increased labor costs were restraining growth in manufacturing, transportation and construction but overall inflation was modest, the report said. Selling prices rose only slightly. The information suggested somewhat softer readings in non-auto consumer spending and an expansion in the manufacturing sector. Home building accelerated and energy-related businesses reported “improved conditions.” Uncertainty about tax-and-spending policies was one factor mentioned in several districts as a restraint on activity.
Federal Reserve Vice Chairman Stanley Fischer today said there’s been a “benign” foreign market reaction to the central bank’s two rate hikes in four months. Fischer said: “The main reason for the positive market reaction is that foreign output expansions appear more entrenched, and downside risks to those economies noticeably smaller than in recent years.” He pointed out that European unemployment has fallen and China’s economy also is on a more solid footing. He says there’s a chance foreign economies kick into gear enough that U.S. and foreign business conditions become aligned, as they did during the tightening cycles that began in 1999 and 2004. “A gradual and ongoing removal of accommodation seems likely both to maximize the prospects of a continued expansion in the U.S. economy and to mitigate the risk of undesirable spillovers abroad.”
Boston Fed President Eric Rosengren says the Fed should start shrinking its balance sheet relatively soon but do it so slowly that it doesn’t disturb the central bank’s plans to continue to gradually raise short-term interest rates. The Fed amassed $4.5 trillion in Treasury and mortgage-related assets in the wake of the financial crisis as a way to push down long-term rates. Officials believe the balance sheet is still boosting economic conditions. With the economy on more solid footing, the central bank wants to allow the balance sheet to shrink to a more neutral size. Rosengren suggested the Fed should initially retire a small percentage of maturing securities and then very gradually shrink the volume of the securities being reinvested. This confirms that asset purchases are now part of the Fed’s playbook and may be used again in the future; and also that this Fed believes in gradualism; no sudden movements to spook the markets.
The market had another gap opening on Wednesday, for the third day in a row. Monday’s gap up was bought, Tuesday gap down was bought, but Wednesday's gap up was sold. The choppy activity, which has been with us since early March continues. Support in the S&P 500 is at 2336 and 2321 with resistance at the 2385 and 2411.
Gold stocks moved sharply lower over the course of the trading session, dragging the NYSE Arca Gold Bugs Index down by 3.7 percent. The index pulled back further off the nearly two-month closing high it set last Wednesday. The sell-off by gold stocks came amid a decrease by the price of the precious metal, with gold for June delivery sliding $10.70 to $1,283.40 an ounce.
In the bond market, treasuries gave back some ground after ending the previous session notably higher. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.3 basis points to 2.202 percent.
Canadian stocks fell for a second session in a row Wednesday, with losses particularly pronounced in the gold sector. Energy stocks also fell, as crude oil prices plummeted. May WTI oil was down $1.97, or 3.8%, to settle at $50.44/bbl, the lowest since April 12.
BlackRock, the world’s biggest asset manager, reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company’s share price slipped as revenue fell short of analysts’ expectations. BlackRock’s assets grew 22 percent from a year ago to $5.4 trillion, fees for managing those assets and lending out the securities grew by a smaller 12 percent. Investors poured $82.2 billion into its index funds and iShares exchange-traded funds during the first quarter, while its pricier active funds posted $1.8 billion in withdrawals. Blackrock CEO Larry Fink made the media rounds this morning and he certainly sounded happy about the quarterly results, but he was less sanguine about the economy overall. Fink said there are indications that the U.S. economy is slowing as businesses weigh whether the Trump administration will be able to pass tax reform and an infrastructure program quickly.
Morgan Stanley, the sixth-largest U.S. bank, generated $1.7 billion in revenue from bond trading in the first quarter, the most in two years. The figure matched what Morgan Stanley had produced before cutting 25 percent of the business’s staff, showing that the bank can do more with less. The bank also delivered more from bond trading than arch rival Goldman Sachs, a rare feat. Overall, the bank easily beat expectations, reporting a first-quarter profit of $1.8 billion, or $1 per share, up from $1.1 billion, or 55 cents per share, in the year-ago period, and topping estimates of 88 cents per share. Net revenue jumped 25 percent to $9.75 billion.
The major banks have now reported earnings. JPMorgan, Citi, Wells, Bank of America, and Morgan Stanley all beat consensus estimates. You know that game. Banks themselves had steadily walked down analysts’ expectations for almost three weeks leading up to the start of earnings releases, so it shouldn’t have come as a surprise that they magically beat forecasts. A constant theme has been more trading and fewer loans. Citigroup handily beat earnings per share estimates but the bank’s net interest margin actually fell 3% to 2.74%, even though the Fed raised rates and net interest margin was supposed to be expanding. Higher net credit losses at Citi were a weak spot, with consumer banking net credit losses globally up 17% year over year, and up a surprising 33% in North America alone. JPMorgan Chase had a similar EPS beat, topping analysts’ estimates by 8.5%, and had better than expected trading revenue too. But loan growth slowed across all categories.
Wells Fargo beat earnings estimates. While bank officials talked up Wells’ 18 straight quarters of at least $5 billion in revenues and the bank’s ‘highest in the industry’ return on equity and return on assets, it revealed that loan growth fell across the board. Wells had some negative publicity in the quarter – Side bar here: We learned today that the Office of the Comptroller of the Currency, America’s chief federal banking regulator admits it failed to act on numerous “red flags” at Wells Fargo that could have stopped the fake account scandal years earlier. One particularly alarming red flag that went unheeded: In January 2010, the regulator was aware of “700 cases of whistleblower complaints” about Wells Fargo’s sales tactics. The regulator did nothing.
Mortgage lending was down at the nation’s biggest housing lender. Auto lending originations were down 5.5% from the previous quarter and down a whopping 29% from last year’s Q1. At the same time, Wells’ employee count was up by 3700, even after closing almost 30 branches in the first quarter and after cutting 5300 heads as a result of the bank’s account opening scandal.
Under the fluff, here are the trends coming out of the banks’ earnings reports. Consumer and commercial loan demand is falling. Mortgage originations are going in the wrong direction. Auto loans are being pared back by banks themselves because of “heightened credit underwriting standards,” in response to early signs of rising delinquencies, according to Wells Fargo. Net interest margins haven’t expanded with rising rates. And if the banks and the markets are slipping, it might not be too long before the economy starts slipping again.
420, 4:20, or 4/20 (pronounced four-twenty) is a code-term that refers to the consumption of cannabis, especially smoking cannabis around the time 4:20 p.m./a.m. (or 16:20 in some European nations) and smoking and celebrating cannabis on the date April 20 (which is 4/20 in U.S. form). A group of people in San Rafael, California,calling themselves the Waldos because "their chosen hang-out spot was a wall outside the school",used the term in connection with a fall 1971 plan to search for an abandoned cannabis crop that they had learned about,based on a treasure map made by the grower.The Waldos designated the Louis Pasteur statue on the grounds of San Rafael High School as their meeting place, and 4:20 p.m. as their meeting time. The Waldos referred to this plan with the phrase "4:20 Louis". Several failed attempts to find the crop eventually shortened their phrase to simply "4:20", which ultimately evolved into a codeword that the teens used to mean marijuana-smoking in general. Mike Edison says that Steven Hager of High Times was responsible for taking the story about the Waldos to "mind-boggling, cult-like extremes" and "suppressing" all other stories about the origin of the term. Hager wrote "Stoner Smart or Stoner Stupid?" in which he called for 4:20 p.m. to be the socially accepted hour of the day to consume cannabis.He attributes the early spread of the phrase to Grateful Dead followers, who were also linked to the city of San Rafael.
Trading on Thursday may be impacted by reaction to reports on weekly jobless claims, Philadelphia-area manufacturing activity, leading economic indicators and the focus on Marijuana/Cannabis due to 4/20.
MARKET STATS FOR WEDNESDAY, APRIL 19, 2017
The DJ Industrials closed down 118.78 at 20404.50. On March 2 the DJ touched 21169.10, a new bull market high.
The SPX closed down 4.02 at 2338.17. On March 2 the SPX touched 2400.98, a new bull market high. Resistance is 2401, 2411, 2428. Support is 2355, 2336.
The Dow Transports closed up 43.25 at 8976.35. On March 2 it touched 9639.33, a new bull market high.
The Nasdaq Comp closed up 13.56 at 5863.03. On March 21 it traded at 5928.06, a new bull market high.
The Russell 2000 closed up 5.24 at 1367.13. A bull market high was posted on March 2 at 1414.82.
S&P/TSX Composite Index closed down 69.69 at 15552.88 while the S&P/TSX Venture Composite Index closed down 6.27 at 818.87.
The Canadian Dollar via the FXC Exchange Traded Fund closed down .56 at 73.24.
Gold closed down 8.90 at 1281.30. The July 6, 2016 high at 1373.70 is the next big upside target. How do you depress the physical gold price? It's quite easy? you throw $10 trillion paper dollars at it. Not only did global paper gold trading amount reach a new record in 2016, it surpassed the previous year's total by nearly 50%. This is simply amazing when we look around at the staggering amount of insanity taking place in the financial markets.
The XAU Index closed down 2.86 at 86.36.
Silver closed down .13 at 18.35. Still targeting silver into the low to mid 20s possible by this time next year.
Platinum closed down 8.00 at 970.00. Above 1048, I would be looking for at least another $100 to the upside.
Palladium was up 5.00 at 781.00. On March 24, it traded at 819.00, a new bull market high.
Copper closed up .0045 at 2.5335.
Crude Oil closed down 1.97 at 50.44. The recent high is 54.44 from March 1 and retested that high at 53.76 on April 12. I am leaning more to the bear side, but would ultimately need a break under 47.08 to confirm a new downtrend. Oil has hit it’s important resistance level and should be ready for another decline. This seems to coincide with other commodities that also had good rallies the past three weeks. It seems there is a whiff of deflation coming.
Natural Gas closed up .04 at 3.185.
Uranium as posted on https://www.uxc.com/Default.aspx in its last posting:
Bitcoin closed at 1222.42. The bull market high was posted on March 10 at 1325.81. Price data comes from Coindesk.com. GBTC - the Bitcoin Investment Trust - GBTC - closed down .63 at 125.50.
U.S. Treasury Bonds closed down 13/32 at 154 24/32. The bond market seems to confirm the economic weakening as it is getting stronger to the surprise of the vast majority of Wall Street analysts. Just a few months ago, the almost unanimous advice of analysts was that bonds had no place to go but down as interest rates rose because of rising inflation and an improving economy.
The U.S. Dollar Index closed up .311 at 99.81. The recent low is 99.43 on January 31. The recent bull market high is 103.63 from December 28.
The VIX (Volatility Index) closed up .51 at 14.93. A low VIX in the 10-12 range generally is synonymous with extreme and potentially negative bullish sentiment.
Economic News This Week
April Philly Fed Index to be released at 8:30 AM EDT on Thursday is expected to ease to 31.8 from 32.8 in March.
Weekly Jobless Claims to be released at 8:30 AM EDT on Thursday are expected to increase to 240,000 from 234,000 last week.
March Leading Economic Indicators to be released at 10:00 AM EDT on Thursday are expected to increase 0.3% versus a gain of 0.6% in February.
Canadian March Consumer Prices to be released at 8:30 AM EDT on Friday are expected to increase 0.4% versus a gain of 0.02% in February (1.78% year-over-year).
March Existing Home Sales to be released at 10:00 AM EDT on Friday are expected to increase to 5.55 million from 5.48 million in February.
Thursday: American Airlines, BB&T Corp., Bank of New York Mellon, Celestica, DR Horton, Danaher, Dover Industries, E-Trade, Imax, KeyCorp., Mattel, Nucor, PPG Industries, Philip Morris International, Sherwin Williams, Snap-On, Travelers, Verizon, Visa
Friday: General Electric, Honeywell, Kansas City Southern, Schlumberger, Stanley Black & Decker, Sun Trust Banks
Large Asteroid Nicknamed ‘The Rock’ Makes Closest Pass to Earth in 400 Years
The Drone Wars
Drones of all types exist nowadays, from the large US military Reapers to small ones that just carry a camera or an explosive, as done by ISIS. It was just a matter of time before an anti-drone weapon was developed.
Here it is a short story of the ‘anti-drone’ wars, courtesy of zerohedge.com.
China Unveils New Drone-Killing Weapons
While the “Silent Hunter” laser-gun is a more ‘offensive’ weapon, China has stepped up its ‘defense’ too. As PopSci reports, Chinese authorities have developed and rolled out anti-drone “jamming” guns domestically…
The $19,000 drone-jamming gun, one of several owned by the Wuhan police, can shut off drones up to a kilometer away.
At a March 11 soccer game in Wuhan, China, police faced a new kind of threat: drones trespassing near the stadium. Their response was to use a new kind of weapon: an anti-drone gun that jammed the control signals, forcing the trespassing drones to land automatically.
Given China’s role as a global leader in consumer drone and military unmanned aircraft systems (UAS) exports, it only makes sense that China is also developing a range of anti-drone capabilities to stop unauthorized or hostile flying robots from coming over sensitive or vulnerable sites. In the case of Wuhan, the jammer “guns”—known as such not just because they “shoot” but also because they look like an assault rifle—cost approximately $19,000, and can reportedly jam control signals up to a kilometer away (though that figure assumes that the user has exceptional aim). Impressed with its capabilities, Wuhan police intend to buy more.
The weapon is only one example of anti-drone tech. Comparable American jamming rifles, like the Battelle Drone Defender, are already used by Coalition forces in Iraq looking to shut down ISIL quadcopters used for surveillance and grenade attacks.
Meanwhile, some European forces have gone for more novel solutions, like training eagles to attack errant small drones.
OUR VIEW: we can’t wait to have the homeowners’ version, to shoot down the pesky, nosy, and noisy drones with cameras some people send over your backyard. It would be a big seller.
Portland Says Yes to Testing Driverless Cars, Other Cities Will Follow: Mass Adoption When?
Finding driverless-friendly cities that allow car makers to test their technology has been one of the challenges facing the driverless industry.
Today, Portland stepped up to the plate. “The technology is coming,” says Mayor Ted Wheeler. “Either the technology will happen to us, or we are going to shape the playing field.”
Bloomberg reports Portland Opens Its Streets to Self-Driving Cars.
Autonomous vehicles need to drive and drive and drive, vacuuming up hours of real-life encounters on the road to make their algorithms smarter and safer.
But there’s one thing in relatively short supply: cities willing to have test cars on their streets. Portland, Oregon, is trying to change that and be what it says would be the first to issue permits for driverless vehicles, with the goal of getting them on its roads this year.
“The technology is coming,” says Mayor Ted Wheeler. “Either the technology will happen to us, or we are going to shape the playing field.”
The city will solicit proposals from companies working on driverless cars to gauge how they can help Portland reach its goals of reducing carbon emissions and providing equitable service. The city would also consider providing financial support for businesses to test autonomous transit vehicles, such as shuttles or buses, that could potentially connect passengers to its existing transit infrastructure. Wheeler says two years of pilot testing would inform final rules: “If we wait five years, my concern is we are not going to have a say in the matter at all.”
General Motors, Lyft Inc., and Daimler AG were among those that wanted to partner with Portland on autonomous transportation as part of Portland’s submission for the U.S. Department of Transportation Smart City Challenge last year.
If the city’s plan works out, driverless cars can learn more about maneuvering in the rain while dodging Portland’s many modes of transit, from light rail trains and buses, to pedestrians and unicycles.
Most Disruptive Force Since the Internet
Some of my readers think I am obsessed with this topic, and most of those who do, still have their heads buried in the sand believing driverless technology is decades away from happening.
By now it should be crystal clear the nay-sayers are all wet. Driverless is going to happen, in a major way, by 2022 at the latest.
I write about the topic because driverless technology is the most disruptive force since the internet. It will bring about major changes in the car ownership, the way people commute, and the need for insurance.
Accident rates will plunge. The gas station model and the car dealer model will have major changes as well. Instead of buying two cars at $20,000 to $40,000 each, families will share a single car. A growing percentage those who live in major cities will choose to not have a car at all.
Do you subscribe to the Cannabis/Vice Letter?
Love them or hate them, Vice stocks make investors money, which is why most people are in the stock market to begin with. “Sin” stocks—or maybe you prefer the term “vice” better—are generally made up of publicly traded companies that deal with alcohol, arms, sex, tobacco, and gambling. And whether the economy is doing well or not, chances are good that consumers will buy cigarettes, drink alcohol, go to strip clubs, and buy guns. And chances are also really good that Washington is going to maintain its military spending. On top of that, many sin stocks, especially cigarette makers, provide consistent annual dividend growth. That makes sin stocks pretty attractive in a near-zero interest rate environment. Vice stocks can afford to pay out solid dividends because their underlying products don’t cost very much to make. At the same time, they all have high barriers to entry, so competition isn’t exactly fierce. As a result, sin stocks have everything I look for when it comes to stock market investing. They have a resiliency that other stocks lack.
USE THIS LINK AND ENTER THE PROMO CODE 'mtrp2017' to get the special $39 quarterly rate:
Green Leaf Investment Fund to Launch $10.2 Million Regulation A+ Cannabis Real Estate Offering Through CrowdVest’s Platform
Green Leaf Investment Fund, Inc. (GLIF) is pleased to announce that it will be launching our Regulation A+ offering on CrowdVest starting today. The offering will allow Green Leaf to raise up to $10.2 million, with a goal of $5 million set by the company. The offering is up to 21,250,000 shares of common stock, priced at $0.48 per share.
Green Leaf Investment Fund is an early-stage company that intends to provide facilities optimized for the cultivation of cannabis in compliance with U.S. state and local regulations for both medical and recreational use.
The company will purchase undervalued warehouse properties and /or greenhouses in states that currently have cannabis legalization laws in place or are anticipated to in the near future. We will infuse capital into the warehouse building to make it optimal for cannabis growers and then sell and/or lease these specialized properties for large returns.
Interested investors can learn more about the offering by contacting Douglas DiSanti, Chief Executive Officer of Green Leaf Investment Fund, Inc.
Douglas DiSanti, CEO of Green Leaf Investment Fund, said, "Today's IPO markets are clearly broken and only favoring those with the right connections or individuals with large net worths. The SEC has completely changed the game through its recent mandate under Reg. A+, which allows emerging companies to raise funds and allow every day investors to participate in a pre IPO offering." DiSanti continued, "Monster Beverage, Quicksilver and General Growth Partners, to name a few, started out as penny stocks and are now some of the largest companies in their sector."
John Prettitore, CFO, said, "Green Leaf Investment fund will operate as a real estate company offering warehouse and greenhouse properties to cannabis growers. GLIF invests in and develops real estate throughout the U.S., focusing on states that are currently legal for recreational and medical cannabis use. We capitalize the real estate infrastructure for category-leading businesses, such as dispensaries, grows and marijuana infused products, which are scalable and can be leveraged to other growth markets. We leverage the lack of banking, capital, traditional financing and liquidity available to businesses in the Cannabis Industry to generate attractive returns for the Fund."
Patrick O’Donnell, COO, added, “This offering will allow us to acquire properties that we have already identified as viable investments in legal markets. Upon conversion of the IP into a zoned cultivation facility the value of the property appreciates significantly. It is not uncommon to see growers lease these facilities at 4 to 5 times the market rate. Investing in our offering allows you access to a high growth opportunity at the inception of the deal. Our team has transacted billions of dollars in real estate deals and we look forward to providing significant returns to our investors.”
About Green Leaf Investment Fund Inc.
Green Leaf Investment Fund (GLIF) Inc. is an early-stage company that intends to provide facilities optimized for the cultivation, production and distribution of cannabis in compliance with U.S. state and local regulations for both medical and recreational use. GLIF will purchase warehouse or greenhouse properties in states that currently have cannabis legalization laws in place or anticipated to be in place in the near future. GLIF will then lease these properties to cannabis growers on a NNN basis. For more information, please visit www.greenleafinvestmentfund.co
Note to Investors
This press release is for informational purposes. This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 1-A filed approved on July 21, 2016. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We as sume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 1-A approved on July 21, 2016, together with this press release is available on our website, www.greenleafinvestmentfund.
Commercial Real Estate Levered To Cannabis Is Positioned To Bloom
Since January 2014, industrial real estate pricing has begun to soar for sale and lease have increased two to three fold or more. These properties were generally constructed from the 1940s to 1980s and typically lease for around $5.00 per square foot, triple-net and sell for $40.00 to $55.00 per square foot to mainstream companies. Due to the incredible demand and a lack of appropriately located properties, those same properties are now leasing for $15.00 to $18.00 per square foot, triple-net and are selling in the $85.00 per square foot range.
According to the International Cannabis Business, the amount of places to rent/lease versus how many people want to find a commercial real estate spot is completely in favor of the real estate owners and companies that operate in the space. That balance is shifting more and more into the favor of the owner everyday. Not just in Colorado, but in any area where cannabis businesses are allowed to operate.
Founder & CEO
Douglas DiSanti has worked for two major banks; as an underwriter for New York Community Bank he structured and underwrote $1.5 Billion dollars in commercial real estate loans. Mr. DiSanti, has also managed a team of portfolio managers for Santander Bank, a multi-international bank. His own portfolio consisted of 200 commercial real estate loans – in excess of $1 Billion dollars.
Chief Financial Officer
John Prettitore spent the early part of his commercial real estate career as an underwriter for New York Community Bank and during that time underwrote in excess of $1 Billion dollars in commercial real estate loans spread over hundreds of uniquely structured transactions. Mr. Prettitore currently works as a loan originator for People’s United Bank. As such, he has developed a strong relationship with some of the most prominent CRE Brokers.
Chief Operating Officer
Over Patrick O’Donnell’s career he has underwritten over 2.5 Billion dollars of commercial real estate loans for New York Community Bank. He now works for a Suffolk Community Bank as an officer overseeing the lending department. Mr. O'Donnell excels in managing large teams and constructing budgets on a quarterly basis to make sure the bank meets their financial obligations.
Type of Security
Minimum Wire Investment
Selling up to $10,200,000.
VR ANALYSIS AND RESEARCH LLC OWNS SHARES IN GLIF AND IS PROVIDING RESEARCH REPORTS AND OTHER ASSISTANCE TO GLIF.
MY VR FORECASTER - ANNUAL FORECAST MODEL IS NOW ON LINE COVERING MOST OF THE MAJOR MARKETS (GOLD EXAMPLE ABOVE) AND AVAILABLE. YOU CAN SIGN UP FOR A 50% DISCOUNT ($225 vs $450) USING THE FOLLOWING LANDING PAGE: USE THE PROMO CODE 'woc2017vrnews' for all VRTrader.com products except the Cannabis/Vice Letter.
WALL STREET RAW RADIO - APRIL 15, 2017 - WITH HOST MARK LEIBOVIT AND GUESTS SINCLAIR NOE, HENRY WEINGARTEN, DAMION LUPO AND ROB LEVY.
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VR signals are currently available through Metastock, eSignal and TradeStation.
What is a Leibovit Volume Reversal (VR)? You can learn how to use this positive indicator and begin picking your own trades! A Leibovit Volume Reversal ™ is a change from a Rally day to a Reaction day accompanied by a increase of volume or a change from a Reaction day to Rally day accompanied by an in-crease in volume. IT THIS THE MAJOR TOOL I USE THAT TRIGGERS MOST TRADING OPPORTUNITIES.
Leibovit Volume Reversals ™ coming off intermediate lows or highs have greater significance in helping to define those lows or highs and important pivot points in the marketplace.
Here is the June 1, 2016 eSignal Webinar:
Also, check out the following link to sign up for Metastock and watch an introductory video:
And here is a recent (June 1, 2016) webinar I did at TradeStation describing the Leibovit Volume Reversal:
The Volume Reversal ™ is registered trademark and can only be used or quoted after receiving express written permission from VRTrader.com and Mark Leibovit.
I occasionally post a Leibovit VR tutorial demonstrating my use of the VR indicator on the various platforms. Meanwhile, I am available for personal consultation (mentoring) on the use of the VRindicator. Just drop me an firstname.lastname@example.org
Writing a book is an adventure. To begin with it is a toy, an amusement; then it is a mistress, and then a master, and then a tyrant.”
-Winston Churchill (British statesman, 1874-1965)
My book,”The Trader’s Book of Volume”
(published by McGraw-Hill) is available in both in English and now CHINESE!
Here is the link to Amazon.com:
Here is the Trader's Press Link:
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From Yale Hirsch:
“My 1987 Stock Trader’s Almanac was dedicated to THE NEW PROGNOSTICATORS. Mark Leibovit was one of them. I evidently had insight as Timer Digest named Mark the “Number One Market Timer for the 10-year period ending in 2007.” For the 10 years ending 2009, he was #2 intermediate MarketTimer. He is also their #1 Gold Market Timer for 2011. This book should be REQUIRED READING for anyone who trades.”
Don’t hesitate to check out my Twitter, Stocktwits, YouTube channel, Facebook and LinkedIn links below:
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AMERICAN JOURNALISM - LIBERAL BIASES HAVE RESULTED IN THE PRESS SHUNNING FROM THEIR DUTY AS CUSTODIANS OF THE FOURTH ESTATE AND THEY DON'T EVEN CARE! THE BARE TRUTH IS THAT THEY ARE LIARS! THEY ARE NOT JOURNALISTS. THEY ARE BIASED COMMENTATORS! LIKELY SEDITIONISTS! ACCORDING TO STEVE BANNON, DONALD TRUMP'S CHIEF POLITICAL STRATEGIST, "THE MEDIA IS THE OPPOSITION PARTY".
But who needs facts when you have a complicit media eager to advance whatever propaganda is necessary to maintain power?
“Get your facts first, and then you can distort them as much as you please.” - Mark Twain
“A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murderer is less to fear.”
― Marcus Tullius Cicero
Listen to an episode of Dr. Joel Wallach's radio show (really worth it!):
Dead Doctors Don't Lie - The Original 1994 Tape By the 'Superstar of Alternative Medicine' Dr. Joel Wallach. You have got to listen to this. It has been of the most profound factors in my own approach to health and health supplements. If you like what you hear check out my http://WallStreetRawHealth.com
To anger a conservative, lie to him. To anger a liberal, tell him the truth. --- Theodore Roosevelt
BE INSPIRED- WATCH HIGH FLIGHT
This film poem gives me goosebumps and tears, especially knowing that the poet, John Gillespie Magee, Jr., an American Pilot serving in the Royal Canadian Air Force in England, died at 19 years old (December 11, 1941) in a training mid-air collision over Lincolnshire, just three months after writing it. You might all remember this. I am planning of using it at the beginning of my weekly radio show.