Newsletters, Reports, Updates, and Alerts from a Top Market Timer with 44 Years of Experience
Newsletters & Reports
Leibovit Volume Reversal Add-Ons Available At
News & Updates
WELCOME TO LEIBOVIT VR NEWSLETTERS - THURSDAY - APRIL 25, 2024
FOLKS THIS ALL YOU NEEDED TO KNOW! HISTORICALLY A GOOD SIGN THAT WE ARE AT OR NEAR A MARKET TOP = BULLISH MEDIA HEADLINES LIKE THIS. RECALL THE MARCH 10, 2000 TOP HEADLINE IN THE WALL STREET JOURNAL (BELOW) RIGHT AT THE TOP!
I CALL CORRECTLY CALLED A BULL TRAP. WHERE IS CNBC, FOX NEWS, THE WALL STREET JOURNAL ACKNOWLEDGING MY CALL?
WHAT ABOUT MY CALL FOR BLACK SWANS. WE'VE SEEN A FEW. ARE MORE BLACK SWANS ARE UNDERWAY ? - CAN YOU NAME THE ONES WE'VE JUST RECENTLY EXPERIENCED? CAN YOU GUESS WHAT COULD BE COMING? DO YOU KNOW WORLD WAR III IS WELL UNDEREWAY? WHAT ABOUT THE CIVIL WAR THAT HAS BEGUN?
THE VR FORECASTER - ANNUAL FORECAST MODEL
ORDER TODAY AND WE WILL MANUALLY EMAIL YOU THE REPORT BEFORE IT IS POSTED ON THE WEBSITE
HERE IS THE 2023 ANNUAL FORECAST MODEL WITH THE 'RESULTS' SUPERIMPOSED
HERE IS THE 2023 ANNUAL FORECAST MODEL FOR BITCOIN WITH THE 'RESULTS' SUPERIMPOSED
ORDER PAGE
http://tinyurl.com/5f7wb6zs
https://www.howestreet.com/2024/04/stock-markets-appear-to-be-in-correction-territory-mark-leibovit/
NEXT PODCAST RECORDED THURSDAY AFTERNOON
WHO IS MARK LEIBOVIT?
MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.
Mark's extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell's MoneyTalks.
In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.
He was a 'Market Maker' on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms. Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com. He became a member of the Market Technicians Association in 1982.
Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.
His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese. Mark has appeared in speaking engagements and seminars in the U.S. and Canada.
U.S. Stocks Finish Lackluster Session Little Changed
Stocks turned in a lackluster performance during trading on Wednesday following the strong upward move seen to start the week. After moving to the upside early in the session, the major averages spent the day bouncing back and forth across the unchanged line.
The major averages eventually ended the day narrowly mixed. While the Dow edged down 42.77 points or 0.1 percent to 38,460.92, the S&P 500 crept up 1.08 points or less than a tenth of a percent to 5,071.63 and the Nasdaq inched up 16.11 points or 0.1 percent to 15,712.75.
A positive reaction to the latest corporate earnings news initially contributed to an extended rebound on Wall Street following the considerable weakness seen last week.
Shares of Tesla (TSLA) spiked by 12.1 percent even though the electric vehicle maker reported weaker than expected first quarter results.
The surge by Tesla came after CEO Elon Musk said the company plans to start production of a new affordable model by early 2025.
Semiconductor company Texas Instruments (TXN) also saw significant strength after reporting first quarter results that beat expectations on both the top and bottom lines.
Shares of Visa (V) and Mattel (MAT) also moved to the upside after the companies reported better than expected quarterly results.
Buying interest waned shortly after the start of trading, however, with traders still worried about the outlook for interest rates ahead of next week's Federal Reserve meeting.
While the Fed is widely expected to leave interest rates unchanged, traders will be looking for clues about the possibility of future rate cuts.
Later this week, the Commerce Department is due to release a report on personal income and spending that includes readings on inflation said to be preferred by the Fed.
Traders may also have been reluctant to make significant moves ahead of more big-name tech earnings in the coming days.
IBM Corp. (IBM) and Facebook parent Meta Platforms (META) are among the companies due to report their quarterly results after the close of today's trading.
Google parent Alphabet (GOOGL), Intel (INTC) and Microsoft (MSFT) are also among the companies due to report their quarterly results after the close of trading on Thursday.
On the U.S. economic front, the Commerce Department released a report showing new orders for U.S. manufactured durable goods surged by more than expected in the month of March.
The report said durable goods orders soared by 2.6 percent in March after climbing by a downwardly revised 0.7 percent in February.
Economists had expected durable goods orders to spike by 2.3 percent compared to the 1.3 percent jump that had been reported for the previous month.
Excluding a surge in orders for transportation equipment, durable goods orders crept up by 0.2 percent in March after inching up by 0.1 percent in February. Ex-transportation orders were expected to rise by 0.3 percent.
Sector News
Transportation stocks showed a substantial move to the downside on the day, dragging the Dow Jones Transportation Average down by 2.3 percent.
Considerable weakness was also visible among housing stocks, as reflected by the 1.2 percent loss posted by the Philadelphia Housing Sector Index.
Pharmaceutical and retail stocks also saw some weakness, while semiconductor stocks turned in a strong performance following the upbeat results from Texas Instruments.
Reflecting the strength in the semiconductor sector, the Philadelphia Semiconductor Index climbed by 1.1 percent on the day.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Wednesday. Japan's Nikkei 225 Index shot up by 2.4 percent, while China's Shanghai Composite Index advanced by 0.8 percent.
Meanwhile, the major European markets moved modestly lower on the day. While the German DAX Index fell by 0.3 percent, the French CAC 40 Index dipped by 0.2 percent and the U.K.'s FTSE 100 Index edged down by 0.1 percent.
In the bond market, treasuries came under pressure following the advance seen in the previous session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.4 basis points to 4.652 percent.
Looking Ahead
Earnings news may attract attention on Thursday, while traders are also likely to keep an eye on reports on first quarter GDP, weekly jobless claims and pending home sales.
This “Emperor” Has No Clothes -Daily Reckoning
This childhood story is one I remember reading countless times. Who would've known there would be more current day applications to the nude emperor. Probably not good when describing the actions and abilities of the Fed.
by James Rickards
Does the Fed even matter that much to the real economy and investor portfolios?
That’s an important question that doesn’t get nearly enough scrutiny. It’s possible that neither the Fed nor the reporters who cover the Fed want to ask hard questions about what the Fed really does.
Could it be the case that the emperor has no clothes?
Financial journalists often refer to a Goldilocks economy (“not too hot, not too cold, just right!”) as a tribute to the Fed’s finesse in handling rates. It’s also called the “soft landing” scenario because the Fed supposedly tamed inflation without causing a recession.
These narratives have no factual foundations; they’re just stories designed to get you to buy stocks and pump up stock prices.
The truth is the Fed is always behind the curve and doesn’t finesse the economy. And there’s no such thing as a soft landing; the economy does not gradually shift gears. It’s either growing fast or going into recession.
So where does the Fed stand today? Will it start cutting rates as Wall Street keeps (wrongly) predicting? READ MORE
That’s an important question that doesn’t get nearly enough scrutiny. It’s possible that neither the Fed nor the reporters who cover the Fed want to ask hard questions about what the Fed really does.
Could it be the case that the emperor has no clothes?
Financial journalists often refer to a Goldilocks economy (“not too hot, not too cold, just right!”) as a tribute to the Fed’s finesse in handling rates. It’s also called the “soft landing” scenario because the Fed supposedly tamed inflation without causing a recession.
These narratives have no factual foundations; they’re just stories designed to get you to buy stocks and pump up stock prices.
The truth is the Fed is always behind the curve and doesn’t finesse the economy. And there’s no such thing as a soft landing; the economy does not gradually shift gears. It’s either growing fast or going into recession.
So where does the Fed stand today? Will it start cutting rates as Wall Street keeps (wrongly) predicting?
Wall Street Keeps Getting It Wrong
The Fed will not cut rates at its May or June meetings. Wall Street’s been predicting rate cuts for almost two years and they’ve been wrong every time. They’re predicting a June rate cut, and they’ll be wrong again.
A rate cut at the July 31 meeting is possible but is in jeopardy now due to inflation going up again in the latest report. We’ll have three more months of inflation, unemployment and GDP data between now and then.
If the Fed does cut rates in late July, it won’t be for good reasons. It’ll be because the economy has fallen into a recession. But given the boost to U.S. growth from out-of-control government spending in an election year, the recession may be postponed. So don’t count on a July rate cut either.
There’s no Fed meeting in August. The next meeting after that is Sept. 18. The Fed may be ready for a rate cut by then but here’s the problem: The Sept. 18 date is just seven weeks before the election on Nov. 5. The Fed pretends it’s non-political but in fact, it is highly political.
A rate cut in September will be viewed as helping Biden by boosting the economy and hurting Trump. At the same time, Trump is the likely winner based on currently available polling data and trends.
The Fed won’t want to be in the position of appearing to boost Biden and hurt Trump if Trump is going to win. Trump will make the Fed Public Enemy No. 1 and that’s the last thing they want. So the Fed will take a pass in September.
There’s no Fed meeting in October. The next two Fed meetings after that are on Nov. 7 and Dec. 18, both safely after the election. The Fed could cut rates at both meetings. But the Fed has painted itself into a corner on that.
The Fed’s Running out of Time
Beginning at the FOMC meeting on March 20, the Fed promoted the narrative that there would be three rate cuts before the end of the year. If they don’t cut in May, June, July or September (for reasons noted above) and there are no meetings in August or October, then the Fed would have at most two rate cuts this year, in November and December.
In short, the Fed is running out of meetings in which to conduct three rate cuts and may have to settle for two.
The Fed’s reckless promise and the dictates of the calendar are what are driving the stock market. The stock market’s fixated on the Fed, but the Fed doesn’t know what they’re doing. That’s a recipe for volatility and a sharp reversal of the first-quarter gains.
So why doesn’t the Fed just get on with it and start cutting rates in May? They could make an announcement and hire a band to play “Happy Days Are Here Again.”
The Fed thought they had won the battle when inflation dropped from 9.1% (CPI year-over-year) in June 2022 to 3.0% in June 2023. Nice job, Fed. It was when that June 2023 reading came out in July 2023 that the Fed put in one last rate hike, and then stopped dead. Since then, it’s been a countdown to rate cuts.
The problem is that inflation isn’t done. From the 3.0% in June 2023, inflation rose to 3.7% in August, and 3.7% again in September 2023. Inflation fluctuated between 3.1% and 3.4% until recently. March inflation came in at 3.5%, a full 0.3 percentage points higher than in February.
Oil’s up 24% in 4 Months
That’s not all that’s going up. The price of oil was $68.50 per barrel last Dec. 12 and is over $83.00 per barrel today. That’s about a 21% increase in just four months.
That oil price shock hasn’t worked its way through the supply chain yet. It has resulted in some price increases, but more are in the pipeline. This oil price spike will keep inflation at current levels or higher in the months ahead. The Fed is looking for signs that inflation is coming down but they’re not going to get them, as shown in the latest inflation report.
The price of one gallon of regular gasoline (regular, national average) was $3.64 as of yesterday, April 22. It was $3.57 on April 4, $3.55 on April 3, $3.54 on March 28, $3.52 on March 4 and $3.51 on April 4, 2023.
Put differently, gas prices are higher than they were last week, last month and last year.
That’s a bad sign for Biden politically, but it’s a worse sign for the Fed in terms of inflation. That gas price rise isn’t over because the wholesale price of oil is still on the rise. And oil prices affect far more than the price of gas at the pump.
Higher oil prices mean higher transportation costs whether by truck, train, plane or ship since all goods have to be transported to market. That means the price of everything is going up.
Other factors driving inflation from the supply side include the Key Bridge collapse in Baltimore, the closing of the Red Sea/Suez Canal shipping route and continued fallout from Ukraine war sanctions. Some of these supply side constraints may be deflationary in the long run, but they are definitely inflationary in the short run.
Running on Fed Happy Talk
The stock market has been running on Fed Happy Talk. That situation may end abruptly on June 12 if the Fed doesn’t cut rates and signals that rate cuts are not to be expected in the near future and perhaps not before the end of the year.
By then, we may be facing one of the worst economic outcomes possible: recession + inflation = stagflation.
Anyone under the age of 60 probably has no acquaintance with stagflation. The U.S. last experienced this in 1977–1981. I remember that period well. It was great for leveraged holders of hard assets such as gold and real estate.
It was a nightmare for holders of stocks. (The long-term bull market in stocks did not start until August 1982.)
Investors might keep that winning hard asset portfolio allocation in mind as events unfold between now and June.
Billionaire investor Ray Dalio says he's owning gold to hedge the risk of debt and inflation crises -Business Insider
by Jennifer Sor
Ray Dalio is holding onto gold as a buffer against risks stemming from higher inflation and a potential debt crisis hitting the economy.
The billionaire investor and former Bridgewater Associates CEO has pointed to mounting debt balances around the world, with the US debt notching $34 trillion for the first time ever this year. Debt problems have also plagued China, Japan, and European nations — which poses a big risk for the currencies in those nations, he wrote in a post on LinkedIn this week.
"History and logic show that when there are big risks that the debts will either 1) not be paid back or 2) be paid back with money of depreciated value, the debt and the money become unattractive," Dalio wrote on Thursday.
When nations are deeply indebted, central banks are likely to print out more cash to pay off the debt, he noted, which is itself a problem.
"This prevents a big debt squeeze from happening by devaluing the money (i.e., inflation)," Dalio warned. "Gold, on the other hand, is a non-debt-backed form of money. It's like cash, except unlike cash and bonds, which are devalued by risks of default or inflation, gold is supported by risks of debt defaults and inflation."
That's the main reason Dalio says he has gold in his own investment portfolio, he added, calling it a "good diversifier" against the backdrop of high debt levels.
Gold has been on a record-setting run in recent weeks. Investors have been keen to buy the precious metal amid the looming risk of recession and inflation remaining stuck at elevated levels, as well as fears of wider geopolitical turmoil out of the Middle East.
Fed says 1,804 banks and other institutions tapped emergency lending facility -Yahoo! Finance
(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday.
About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report.
The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank and forced financial authorities to stage a rescue of the sector.
The facility lent on collateral without applying the usual haircuts and the loans were made on cheap terms.
The program stopped making new loans on March 11, a year after its creation. At its peak it extended a total of $165 billion in loans, with terms of up to a year. It is expected to close down completely by next March.
The Significance of the Month of April
Courtesy Bill Koenig (watch.org)
· Major wars began in the U.S. in this time frame.
· Major domestic terror events occurred numerous times on April 19.
· Mohammed and Hitler were both born on April 20.
· From 2006 to 2013, and once again in 2014 (and now again in 2024), there were major news items about Iran in April.
The Natural Year
· The sun governs our seasons, which are measured by the solstices and equinoxes. By many accounts, the natural year begins with the vernal equinox on March 20/21. This has been true in agrarian (agriculture/ farming-based) societies for thousands of years. It has also been true in civilizations that worshipped the sun (and established their calendars accordingly).
· As such, it starts the clock on the “opening range” of each natural year.
· If one were to begin a calendar on the vernal equinox (start of spring), the first month of that year would end on April 19/20. It is when the northern half of the earth transitions from seasonal “death” to “life.” In the old days, it was also when “kings went off to war.” (See the biblical account of when David chose not to go off.)
· Anyone who suffers from seasonal affective disorder (SAD) could certainly attest to the psychological aspects of longer days and more sunlight when the shroud of depression lifts and the rays of hope come flooding back into their lives.
· This period — from March 20/21 to April 19/20 — marks a very important transition period, linked to various means of measuring time with physical (natural), celestial (astronomy), metaphysical (astrology) and supernatural (Jewish and Christian commemorations) implications.
· April 19/20 acts like a deadline for determining what to expect in the coming (natural) year. It is a time to watch each year for signs of “change.”
———
Date of infamy for America — April 19 and the days around it
· This “natural year opening range” has diverse — and, seemingly, contradictory —implications. As just explained, it is a time when much of nature comes back to life.
· Paradoxically, it is when man often incites war (and the end of many lives). Nowhere has this remained more constant than in the histories of America and Israel.
· I have explained this concept many times before, but it is also the single most requested compilation of analysis from readers.
· In short, Eric Hadik has termed the date of April 19 (sometimes extending to the days surrounding it) as the “date of infamy” for America.
· Historically, many events that occurred during April 19-20 set the stage for the rest of the year …
———
The following are just a few of the events that have occurred on this date and have impacted/governed America's destiny … beginning with our independence (and incorporating almost every major, decisive war in our history):
· Start of Revolutionary War—April 19, 1775
· Battle of San Jacinto/end of Texas Revolution—April 19-21, 1836
· Start of Mexican-American War—April 25, 1846
· Start of Civil War—April 12, 1861
· Start of Spanish-American War—April 26, 1898
· President Franklin D. Roosevelt announces U.S. will leave gold standard—April 19, 1933
· Bay of Pigs invasion failure—April 17-19, 1961
· End of Vietnam War—April 30, 1975
· Operation Praying Mantis was on April 18, 1988. It was an attack by U.S. naval forces in retaliation for the Iranian mining of the Persian Gulf and the subsequent damage to an American warship. This battle was the largest of five major U.S. surface engagements since the Second World War.
———
The April 19/20 date has pinpointed many events of great ‘civil unrest’ and/or domestic terrorism in the U.S. They include:
· ATF raid on Covenant of the Sword and the Arm of the Lord (CSA)—April 19-21, 1985 (linked to the Oklahoma City bombing a decade later)
· Explosion on the USS Iowa (speculated to be an act of sabotage/suicide, but never proven)—April 19, 1989
· Waco/Branch Davidian raid by FBI/ATF—April 19, 1993
· Oklahoma City Bombing—April 19, 1995
· Columbine High School massacre—April 20, 1999
Additional events:
· Anti-Jewish riots break out in Palestine—April 19, 1936
· USSR performs nuclear test at Semipalitinsk, Eastern Kazakhstan, USSR—April 19, 1985
· Benedict XVI, Cardinal Joseph Ratzinger, becomes the 265th pope—April 19, 2005
· Massive BP Petroleum oil spill in the Gulf of Mexico, began on April 20, 2010
The historical date of infamy for Israel and her enemies – April 20/21
This date has also had a dramatic impact on Israel and Jews. In the last 2,000 years, Jews have had many enemies and many antagonists; but three, in particular, stand out:
· Birth of Rome/Roman Empire
· Islam/Mohammad
· Nazi Germany/Hitler
What do they have in common? They were all born on April 20/21.
· The birth of Rome (by Romulus) is dated as April 21, 753 B.C.
· The birth of Mohammad is dated as April 20, 571 A.D.
· The birth of Adolph Hitler was April 20, 1889.
Additional:
· Israel faced the Great Arab Revolt of April 19, 1936.
· The birth of Iranian Supreme Leader Ali Khamenei on April 19, 1939.
· The Warsaw Ghetto Uprising began April 19, 1943.
· The ascension of Gamal Abdel Nasser in Egypt on April 18, 1954. Nasser was Israel’s lead antagonist for almost two decades. He was responsible for three wars with Israel from 1956–1970. He was also responsible for the first United Arab Republic—in 1958–1961, a concept that could reach a more cohesive realization in the coming years.
To say the least, this has been a very significant period of time for centuries.
The President's Working Group on Financial Markets
known colloquially as the Plunge Protection Team, or "(PPT)" was created by Executive Order 12631,[1] signed on March 18, 1988, by United States President Ronald Reagan.
As established by the executive order, the Working Group has three purposes and functions:
"(a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:
(1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and
(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.
(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.
(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes."
Plunge Protection Team
"Plunge Protection Team" was originally the headline for an article in The Washington Post on February 23, 1997, and has since been used by some as an informal term to refer to the Working Group. Initially, the term was used to express the opinion that the Working Group was being used to prop up the stock markets during downturns.[5 Financial writers for British newspapers The Observer and The Daily Telegraph, along with U.S. Congressman Ron Paul, writers Kevin Phillips (who claims "no personal firsthand knowledge" and John Crudele,[8] have charged the Working Group with going beyond their legal mandate.[failed verification] Charles Biderman, head of TrimTabs Investment Research, which tracks money flow in the equities market, suspected that following the 2008 financial crisis the Federal Reserve or U.S. government was supporting the stock market. He stated that "If the money to boost stock prices did not come from the traditional players, it had to have come from somewhere else" and "Why not support the stock market as well? Moreover, several officials have suggested the government should support stock prices."
In August 2005, Sprott Asset Management released a report that argued that there is little doubt that the PPT intervened to protect the stock market.[10] However, these articles usually refer to the Working Group using moral suasion to attempt to convince banks to buy stock index futures.
Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." Author Kevin Phillips wrote in his 2008 book Bad Money that while he had no interest "in becoming a conspiracy investigator", he nevertheless drew the conclusion that "some kind of high-level decision seems to have been reached in Washington to loosely institutionalize a rescue mechanism for the stock market akin to that pursued...to safeguard major U.S. banks from exposure to domestic and foreign loan and currency crises." Phillips infers that the simplest way for the Working Group to intervene in market plunges would be through buying stock market index futures contracts, either in cooperation with major banks or through trading desks at the U.S. Treasury or Federal Reserve.
What is the Plunge Protection Team?
(PPT) is an informal term for the Working Group on Financial Markets. The working group was created in 1988 by then U.S President Ronald Reagan following the infamous October 1987 Black Monday crash. It was formed to re-establish consumer confidence and take steps to achieve economic and market stability in the aftermath of the market crash. The U.S president consults with the team during times of economic uncertainty and turbulence in the markets.
The Working Group on Financial Markets’ informal name “Plunge Protection Team” was coined and popularized by The Washington Post in 1997.
What does the Plunge Protection Team Do?
The Plunge Protection Team was initially formed to advise the president and regulatory agencies on countering the negative impacts of the stock market crash of 1987. However, the team has continued to report to various presidents since that stock market crash and has met various U.S presidents on important financial matters over the years.
The team was believed to be behind the rally in the stock market shortly after a hefty drop in the Dow Jones Industrial Average (DJIA) on February 05, 2018. As per some market observers, after the plunge, the market made a smart recovery in the following days, which may have been a result of heavy buying by the Plunge Protection Team.
Who is on the plunge protection team?
The PPT several top government economic and financial officials. The Secretary of the Treasury heads the group, while the Chair of the Board of Governors of the Federal Reserve, the Chair of the Commodity Futures Trading Commission, and the Chair of the Securities and Exchange Commission, are also part of the team.
Why is the PPT secretive?
The Plunge Protection Team’s meetings or activities aren’t covered by the media, which gives rise to speculations and conspiracy theories about the team. The probable reason behind the secretive nature of its activities is that it reports only to the president. Some observers opine that the team’s role is not only limited to giving recommendations to the president; rather, the team intervenes in the market and artificially props up stock prices.
Critics claim that the members connive with big banks and profit from stock markets by carrying out trades on different stock exchanges when prices decline. They then artificially prop up the prices as part of their market stabilization efforts and profit from their transactions.
When does/have the PPT meet?
Although very little has come out in the mainstream media about the group’s activities, there have been some instances when the team’s meetings were reported. For example, in 1999, the team proposed to congress to incorporate some changes in the derivatives markets regulations. The last reported meeting of the group, at the time of this writing in June 2022, was in December 2018 when Treasury Secretary Steven Mnuchin headed the teleconference with the group’s members. Representatives from the Federal Deposit Insurance Corporation and the Comptroller of the Currency also attended the meeting.
Before the teleconference that took place on December 24, 2018, the S&P 500 and the DJIA had been under pressure for the whole month. But after Christmas, the DJIA and the S&P 500 both recovered and reversed most of the losses in the next few days. Conspiracy theorists attribute the recovery and gains in the indices to the intervention by the Plunge Protection Team.
Final Thoughts
The Working Group on Financial Markets serves an important function: to advise the president on financial markets and economic affairs. Because the exact nature of the group’s activities or recommendations haven't been made public, some critics of the group blame the group for market intervention and artificially propping up stocks’ prices. However, some market observers believe that the team’s quiet activities are excused as it reports directly to the president.
The Exchange Stabilization Fund protects the FED.
We already know the FED is lying that raising interest rates will reduce price inflation. The Exchange Stabilization Fund (ESF) is an emergency reserve account that can be used by the U.S. Department of Treasury to mitigate instability in various financial sectors, including credit, securities, and foreign exchange markets. The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of 1934.
https://en.wikipedia.org/wiki/
Gold market manipulation: Why, how, and how long? (2021 edition)
https://gata.org/node/20925
https://tinyurl.com/2rd9wv52
OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!
https://www.metastock.com/prod
COME ON, DAD. IT'S TIME TO EAT
DISCLAIMER:
WE ARE NOT FINANCIAL ADVISORS AND DO NOT PROVIDE FINANCIAL ADVICE
The website, LeibovitVRNewsletters.com, is published by LeibovitVRNewsletters LLC.
In using LeibovitVRnewsletters.com (a/k/a LeibovitVRNewsletters LLC) you agree to these Terms & Conditions governing the use of the service. These Terms & Conditions are subject to change without notice. We are publishers and are not registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority.
All stocks and ETFs discussed are HYPOTHETICAL and not actual trades whose actual execution may differ markedly from prices posted on the website and in emails. This may be due internet connectivity, quote delays, data entry errors and other market conditions. Hypothetical or simulated performance results have certain inherent limitations as to liquidity and execution among other variables. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
All investments are subject to risk, which should be considered on an individual basis before making any investment decision. We are not responsible for errors and omissions. These publications are intended solely for information and educational purposes only and the content within is not to be construed, under any circumstances, as an offer to buy or to sell or a solicitation to buy or sell or trade in any commodities or securities named within.
All commentary is provided for educational purposes only. This material is based upon information we consider reliable. However, accuracy is not guaranteed. Subscribers should always do their own investigation before investing in any security. Furthermore, you cannot be assured that your will profit or that any losses can or will be limited. It is important to know that no guarantee of any kind is implied nor possible where projections of future conditions in the markets are attempted.
Stocks and ETFs may be held by principals of LeibovitVRNewsletters LLC whose personal investment decisions including entry and exit points may differ from guidelines posted.
LeibovitVRNewsletters.com cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold LeibovitVRNewsletters.com or any employees liable for trading losses, lost profits or other damages resulting from your use of information on the Site in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold LeibovitVRNewsletters.com and its employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys' fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available to you or to us that may be available under the federal securities laws.
For rights, permissions, subscription and customer service, contact the publisher at mark.vrtrader@gmail.com or call at 928-282-1275 or mail to 10632 N. Scottsdale Road B-426, Scottsdale, AZ 85254.
The Leibovit Volume Reversal, Volume Reversal and Leibovit VR are registered trademarks.
© Copyright 2024. All rights reserved.
LEIBOVIT VR NEWSLETTERS - WEDNESDAY - APRIL 24, 2024
What Is Passover (Pesach)?
Passover 2024 will be celebrated from April 22-30
https://www.chabad.org/holidays/passover/pesach_cdo/aid/871715/jewish/What-Is-Passover-Pesach.htm
FOLKS THIS ALL YOU NEEDED TO KNOW! HISTORICALLY A GOOD SIGN THAT WE ARE AT OR NEAR A MARKET TOP = BULLISH MEDIA HEADLINES LIKE THIS. RECALL THE MARCH 10, 2000 TOP HEADLINE IN THE WALL STREET JOURNAL (BELOW) RIGHT AT THE TOP!
I CALL CORRECTLY CALLED A BULL TRAP. WHERE IS CNBC, FOX NEWS, THE WALL STREET JOURNAL ACKNOWLEDGING MY CALL?
WHAT ABOUT MY CALL FOR BLACK SWANS. WE'VE SEEN A FEW. ARE MORE BLACK SWANS ARE UNDERWAY ? - CAN YOU NAME THE ONES WE'VE JUST RECENTLY EXPERIENCED? CAN YOU GUESS WHAT COULD BE COMING. AGAIN, NO RECOGNITION IN THE FINANCIAL MEDIA. THEY ARE TOO EMBARRASSED.
THE VR FORECASTER - ANNUAL FORECAST MODEL
ORDER TODAY AND WE WILL MANUALLY EMAIL YOU THE REPORT BEFORE IT IS POSTED ON THE WEBSITE
HERE IS THE 2023 ANNUAL FORECAST MODEL WITH THE 'RESULTS' SUPERIMPOSED
HERE IS THE 2023 ANNUAL FORECAST MODEL FOR BITCOIN WITH THE 'RESULTS' SUPERIMPOSED
ORDER PAGE
http://tinyurl.com/5f7wb6zs
https://www.howestreet.com/2024/04/stock-markets-appear-to-be-in-correction-territory-mark-leibovit/
WHO IS MARK LEIBOVIT?
MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.
Mark's extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell's MoneyTalks.
In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.
He was a 'Market Maker' on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms. Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com. He became a member of the Market Technicians Association in 1982.
Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.
His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese. Mark has appeared in speaking engagements and seminars in the U.S. and Canada.
Stocks Close On Firm Note For 2nd Straight Day On Earnings Hopes
U.S. stocks ended on a firm note on Tuesday, extending gains from previous session, with technology shares once again outperforming others, amid optimism about earnings.
A batch of encouraging earnings updates, and slightly easing concerns about the outlook for interest rates helped underpin sentiment.
The major averages all ended notably higher. The Dow settled with a gain of 263.71 points or 0.69 percent at 38,503.69. The S&P 500 climbed 59.95 points or 1.2 percent to 5,070.55, while the Nasdaq gained 245.33 points or 1.59 percent to settle at 15,696.64.
Several technology heavyweights such as Microsoft, Alphabet, Meta Platforms are scheduled to announce their quarterly earnings this week.
Other big names including Boeing, Intel, American Airlines, Chevron and Exxon Mobil are also slated to report their quarterly earnings during the course of this week.
Verizon rallied about 3.5 percent. American Express climbed 2.5 percent, while Caterpillar, Goldman Sachs, Walt Disney, Microsoft, JPMorgan Chase and IBM ended higher by 1.3 to 2 percent.
Netflix, Palo Alto Networks, Nvidia, Illumina, Moderna and Microchip Technology ended sharply higher.
Tesla Inc. reported a few minutes after the closing bell that its total earnings totaled $1.13 billion, or $0.34 per share in the first quarter. This compares with $2.51 billion, or $0.73 per share, in last year's first quarter. Excluding items, Tesla Inc. reported adjusted earnings of $1.54 billion or $0.45 per share for the period.
Globe Life soared 13.5 percent, topping the list of gainers in the S&P 500 index. Danaher and GE Aerospace surged on strong results. Kimberly-Clark and General Motors also ended sharply higher.
Walmart drifted down 2.3 percent. Boeing ended down nearly 1 percent. Invesco and Pepsico also ended sharply lower, with the latter dropping on somewhat disappointing quarterly results.
In economic news, the S&P Global US Composite PMI declined to 50.9 in April from 52.1 in the previous month, signaling only a slight expansion in the country's private sector, which was the softest since December, a preliminary estimate showed.
The S&P Global Flash US Manufacturing PMI fell to a four-month low of 49.9 in April 2024, from 52.0 in March. The reading was expected to come in at 52.0. The S&P Global US Services PMI dropped to a five-month low of 50.9 in April.
A report released by the Commerce Department showed new home sales spiked by 8.8 percent to an annual rate of 693,000 in March after plunging by 5.1 percent to a revised rate of 637,000 in February.
Economists had expected new home sales to rise to an annual rate of 668,000 from the 662,000 originally reported for the previous month.
Building permits fell by 3.7 percent to a seasonally adjusted annual rate of 1.467 million in March 2024, revised from a preliminary estimate of 1.458 million. This follows a 2.3 percent increase in February.
Traders await more economic data this week, including the release of first-quarter U.S. GDP data as well as the core personal-consumption expenditures (PCE) price index, which is the Fed's preferred measure of inflation.
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Tuesday. Japan's Nikkei 225 Index rose by 0.3 percent, while China's Shanghai Composite Index slid by 0.7 percent.
The major European markets closed higher on the day. While the German DAX Index surged 1.55 percent, France's CAC 40 gained 0.81 percent, and the U.K.'s FTSE 100 ended higher by 0.26 percent.
In commodities trading, crude oil futures for June ended higher by $1.46 or 1.78% at $83.36 a barrel. Gold futures for April ended down by $4.50 or about 0.19% at $2,327.70 an ounce.
On the currency front, the U.S. dollar was trading at 154.82 yen compared to the 154.85 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar was at 1.0704, compared to yesterday's $1.0655.
Billionaire investor Ray Dalio says he's owning gold to hedge the risk of debt and inflation crises -Business Insider
by Jennifer Sor
Ray Dalio is holding onto gold as a buffer against risks stemming from higher inflation and a potential debt crisis hitting the economy.
The billionaire investor and former Bridgewater Associates CEO has pointed to mounting debt balances around the world, with the US debt notching $34 trillion for the first time ever this year. Debt problems have also plagued China, Japan, and European nations — which poses a big risk for the currencies in those nations, he wrote in a post on LinkedIn this week.
"History and logic show that when there are big risks that the debts will either 1) not be paid back or 2) be paid back with money of depreciated value, the debt and the money become unattractive," Dalio wrote on Thursday.
When nations are deeply indebted, central banks are likely to print out more cash to pay off the debt, he noted, which is itself a problem.
"This prevents a big debt squeeze from happening by devaluing the money (i.e., inflation)," Dalio warned. "Gold, on the other hand, is a non-debt-backed form of money. It's like cash, except unlike cash and bonds, which are devalued by risks of default or inflation, gold is supported by risks of debt defaults and inflation."
That's the main reason Dalio says he has gold in his own investment portfolio, he added, calling it a "good diversifier" against the backdrop of high debt levels.
Gold has been on a record-setting run in recent weeks. Investors have been keen to buy the precious metal amid the looming risk of recession and inflation remaining stuck at elevated levels, as well as fears of wider geopolitical turmoil out of the Middle East.
Fed says 1,804 banks and other institutions tapped emergency lending facility -Yahoo! Finance
(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday.
About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report.
The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank and forced financial authorities to stage a rescue of the sector.
The facility lent on collateral without applying the usual haircuts and the loans were made on cheap terms.
The program stopped making new loans on March 11, a year after its creation. At its peak it extended a total of $165 billion in loans, with terms of up to a year. It is expected to close down completely by next March.
Former Democrat Comes Out Against the Democratic Agenda
Vince Everett Ellison:
The Democratic party is evilest organization in the history of the world and is presently being controlled by cabala perverts, liars, psychopaths and anti-christian bigots
https://www.armstrongeconomics.com/international-news/politics/former-democrat-comes-out-against-the-democratic-agenda/
The Significance of the Month of April
Courtesy Bill Koenig (watch.org)
· Major wars began in the U.S. in this time frame.
· Major domestic terror events occurred numerous times on April 19.
· Mohammed and Hitler were both born on April 20.
· From 2006 to 2013, and once again in 2014 (and now again in 2024), there were major news items about Iran in April.
The Natural Year
· The sun governs our seasons, which are measured by the solstices and equinoxes. By many accounts, the natural year begins with the vernal equinox on March 20/21. This has been true in agrarian (agriculture/ farming-based) societies for thousands of years. It has also been true in civilizations that worshipped the sun (and established their calendars accordingly).
· As such, it starts the clock on the “opening range” of each natural year.
· If one were to begin a calendar on the vernal equinox (start of spring), the first month of that year would end on April 19/20. It is when the northern half of the earth transitions from seasonal “death” to “life.” In the old days, it was also when “kings went off to war.” (See the biblical account of when David chose not to go off.)
· Anyone who suffers from seasonal affective disorder (SAD) could certainly attest to the psychological aspects of longer days and more sunlight when the shroud of depression lifts and the rays of hope come flooding back into their lives.
· This period — from March 20/21 to April 19/20 — marks a very important transition period, linked to various means of measuring time with physical (natural), celestial (astronomy), metaphysical (astrology) and supernatural (Jewish and Christian commemorations) implications.
· April 19/20 acts like a deadline for determining what to expect in the coming (natural) year. It is a time to watch each year for signs of “change.”
———
Date of infamy for America — April 19 and the days around it
· This “natural year opening range” has diverse — and, seemingly, contradictory —implications. As just explained, it is a time when much of nature comes back to life.
· Paradoxically, it is when man often incites war (and the end of many lives). Nowhere has this remained more constant than in the histories of America and Israel.
· I have explained this concept many times before, but it is also the single most requested compilation of analysis from readers.
· In short, Eric Hadik has termed the date of April 19 (sometimes extending to the days surrounding it) as the “date of infamy” for America.
· Historically, many events that occurred during April 19-20 set the stage for the rest of the year …
———
The following are just a few of the events that have occurred on this date and have impacted/governed America's destiny … beginning with our independence (and incorporating almost every major, decisive war in our history):
· Start of Revolutionary War—April 19, 1775
· Battle of San Jacinto/end of Texas Revolution—April 19-21, 1836
· Start of Mexican-American War—April 25, 1846
· Start of Civil War—April 12, 1861
· Start of Spanish-American War—April 26, 1898
· President Franklin D. Roosevelt announces U.S. will leave gold standard—April 19, 1933
· Bay of Pigs invasion failure—April 17-19, 1961
· End of Vietnam War—April 30, 1975
· Operation Praying Mantis was on April 18, 1988. It was an attack by U.S. naval forces in retaliation for the Iranian mining of the Persian Gulf and the subsequent damage to an American warship. This battle was the largest of five major U.S. surface engagements since the Second World War.
———
The April 19/20 date has pinpointed many events of great ‘civil unrest’ and/or domestic terrorism in the U.S. They include:
· ATF raid on Covenant of the Sword and the Arm of the Lord (CSA)—April 19-21, 1985 (linked to the Oklahoma City bombing a decade later)
· Explosion on the USS Iowa (speculated to be an act of sabotage/suicide, but never proven)—April 19, 1989
· Waco/Branch Davidian raid by FBI/ATF—April 19, 1993
· Oklahoma City Bombing—April 19, 1995
· Columbine High School massacre—April 20, 1999
Additional events:
· Anti-Jewish riots break out in Palestine—April 19, 1936
· USSR performs nuclear test at Semipalitinsk, Eastern Kazakhstan, USSR—April 19, 1985
· Benedict XVI, Cardinal Joseph Ratzinger, becomes the 265th pope—April 19, 2005
· Massive BP Petroleum oil spill in the Gulf of Mexico, began on April 20, 2010
The historical date of infamy for Israel and her enemies – April 20/21
This date has also had a dramatic impact on Israel and Jews. In the last 2,000 years, Jews have had many enemies and many antagonists; but three, in particular, stand out:
· Birth of Rome/Roman Empire
· Islam/Mohammad
· Nazi Germany/Hitler
What do they have in common? They were all born on April 20/21.
· The birth of Rome (by Romulus) is dated as April 21, 753 B.C.
· The birth of Mohammad is dated as April 20, 571 A.D.
· The birth of Adolph Hitler was April 20, 1889.
Additional:
· Israel faced the Great Arab Revolt of April 19, 1936.
· The birth of Iranian Supreme Leader Ali Khamenei on April 19, 1939.
· The Warsaw Ghetto Uprising began April 19, 1943.
· The ascension of Gamal Abdel Nasser in Egypt on April 18, 1954. Nasser was Israel’s lead antagonist for almost two decades. He was responsible for three wars with Israel from 1956–1970. He was also responsible for the first United Arab Republic—in 1958–1961, a concept that could reach a more cohesive realization in the coming years.
To say the least, this has been a very significant period of time for centuries.
The President's Working Group on Financial Markets
known colloquially as the Plunge Protection Team, or "(PPT)" was created by Executive Order 12631,[1] signed on March 18, 1988, by United States President Ronald Reagan.
As established by the executive order, the Working Group has three purposes and functions:
"(a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:
(1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and
(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.
(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.
(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes."
Plunge Protection Team
"Plunge Protection Team" was originally the headline for an article in The Washington Post on February 23, 1997, and has since been used by some as an informal term to refer to the Working Group. Initially, the term was used to express the opinion that the Working Group was being used to prop up the stock markets during downturns.[5 Financial writers for British newspapers The Observer and The Daily Telegraph, along with U.S. Congressman Ron Paul, writers Kevin Phillips (who claims "no personal firsthand knowledge" and John Crudele,[8] have charged the Working Group with going beyond their legal mandate.[failed verification] Charles Biderman, head of TrimTabs Investment Research, which tracks money flow in the equities market, suspected that following the 2008 financial crisis the Federal Reserve or U.S. government was supporting the stock market. He stated that "If the money to boost stock prices did not come from the traditional players, it had to have come from somewhere else" and "Why not support the stock market as well? Moreover, several officials have suggested the government should support stock prices."
In August 2005, Sprott Asset Management released a report that argued that there is little doubt that the PPT intervened to protect the stock market.[10] However, these articles usually refer to the Working Group using moral suasion to attempt to convince banks to buy stock index futures.
Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." Author Kevin Phillips wrote in his 2008 book Bad Money that while he had no interest "in becoming a conspiracy investigator", he nevertheless drew the conclusion that "some kind of high-level decision seems to have been reached in Washington to loosely institutionalize a rescue mechanism for the stock market akin to that pursued...to safeguard major U.S. banks from exposure to domestic and foreign loan and currency crises." Phillips infers that the simplest way for the Working Group to intervene in market plunges would be through buying stock market index futures contracts, either in cooperation with major banks or through trading desks at the U.S. Treasury or Federal Reserve.
What is the Plunge Protection Team?
(PPT) is an informal term for the Working Group on Financial Markets. The working group was created in 1988 by then U.S President Ronald Reagan following the infamous October 1987 Black Monday crash. It was formed to re-establish consumer confidence and take steps to achieve economic and market stability in the aftermath of the market crash. The U.S president consults with the team during times of economic uncertainty and turbulence in the markets.
The Working Group on Financial Markets’ informal name “Plunge Protection Team” was coined and popularized by The Washington Post in 1997.
What does the Plunge Protection Team Do?
The Plunge Protection Team was initially formed to advise the president and regulatory agencies on countering the negative impacts of the stock market crash of 1987. However, the team has continued to report to various presidents since that stock market crash and has met various U.S presidents on important financial matters over the years.
The team was believed to be behind the rally in the stock market shortly after a hefty drop in the Dow Jones Industrial Average (DJIA) on February 05, 2018. As per some market observers, after the plunge, the market made a smart recovery in the following days, which may have been a result of heavy buying by the Plunge Protection Team.
Who is on the plunge protection team?
The PPT several top government economic and financial officials. The Secretary of the Treasury heads the group, while the Chair of the Board of Governors of the Federal Reserve, the Chair of the Commodity Futures Trading Commission, and the Chair of the Securities and Exchange Commission, are also part of the team.
Why is the PPT secretive?
The Plunge Protection Team’s meetings or activities aren’t covered by the media, which gives rise to speculations and conspiracy theories about the team. The probable reason behind the secretive nature of its activities is that it reports only to the president. Some observers opine that the team’s role is not only limited to giving recommendations to the president; rather, the team intervenes in the market and artificially props up stock prices.
Critics claim that the members connive with big banks and profit from stock markets by carrying out trades on different stock exchanges when prices decline. They then artificially prop up the prices as part of their market stabilization efforts and profit from their transactions.
When does/have the PPT meet?
Although very little has come out in the mainstream media about the group’s activities, there have been some instances when the team’s meetings were reported. For example, in 1999, the team proposed to congress to incorporate some changes in the derivatives markets regulations. The last reported meeting of the group, at the time of this writing in June 2022, was in December 2018 when Treasury Secretary Steven Mnuchin headed the teleconference with the group’s members. Representatives from the Federal Deposit Insurance Corporation and the Comptroller of the Currency also attended the meeting.
Before the teleconference that took place on December 24, 2018, the S&P 500 and the DJIA had been under pressure for the whole month. But after Christmas, the DJIA and the S&P 500 both recovered and reversed most of the losses in the next few days. Conspiracy theorists attribute the recovery and gains in the indices to the intervention by the Plunge Protection Team.
Final Thoughts
The Working Group on Financial Markets serves an important function: to advise the president on financial markets and economic affairs. Because the exact nature of the group’s activities or recommendations haven't been made public, some critics of the group blame the group for market intervention and artificially propping up stocks’ prices. However, some market observers believe that the team’s quiet activities are excused as it reports directly to the president.
The Exchange Stabilization Fund protects the FED.
We already know the FED is lying that raising interest rates will reduce price inflation. The Exchange Stabilization Fund (ESF) is an emergency reserve account that can be used by the U.S. Department of Treasury to mitigate instability in various financial sectors, including credit, securities, and foreign exchange markets. The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of 1934.
https://en.wikipedia.org/wiki/
Gold market manipulation: Why, how, and how long? (2021 edition)
https://gata.org/node/20925
https://tinyurl.com/2rd9wv52
OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!
https://www.metastock.com/prod
COME ON, DAD. IT'S TIME TO EAT
DISCLAIMER:
WE ARE NOT FINANCIAL ADVISORS AND DO NOT PROVIDE FINANCIAL ADVICE
The website, LeibovitVRNewsletters.com, is published by LeibovitVRNewsletters LLC.
In using LeibovitVRnewsletters.com (a/k/a LeibovitVRNewsletters LLC) you agree to these Terms & Conditions governing the use of the service. These Terms & Conditions are subject to change without notice. We are publishers and are not registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority.
All stocks and ETFs discussed are HYPOTHETICAL and not actual trades whose actual execution may differ markedly from prices posted on the website and in emails. This may be due internet connectivity, quote delays, data entry errors and other market conditions. Hypothetical or simulated performance results have certain inherent limitations as to liquidity and execution among other variables. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
All investments are subject to risk, which should be considered on an individual basis before making any investment decision. We are not responsible for errors and omissions. These publications are intended solely for information and educational purposes only and the content within is not to be construed, under any circumstances, as an offer to buy or to sell or a solicitation to buy or sell or trade in any commodities or securities named within.
All commentary is provided for educational purposes only. This material is based upon information we consider reliable. However, accuracy is not guaranteed. Subscribers should always do their own investigation before investing in any security. Furthermore, you cannot be assured that your will profit or that any losses can or will be limited. It is important to know that no guarantee of any kind is implied nor possible where projections of future conditions in the markets are attempted.
Stocks and ETFs may be held by principals of LeibovitVRNewsletters LLC whose personal investment decisions including entry and exit points may differ from guidelines posted.
LeibovitVRNewsletters.com cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold LeibovitVRNewsletters.com or any employees liable for trading losses, lost profits or other damages resulting from your use of information on the Site in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold LeibovitVRNewsletters.com and its employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys' fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available to you or to us that may be available under the federal securities laws.
For rights, permissions, subscription and customer service, contact the publisher at mark.vrtrader@gmail.com or call at 928-282-1275 or mail to 10632 N. Scottsdale Road B-426, Scottsdale, AZ 85254.
The Leibovit Volume Reversal, Volume Reversal and Leibovit VR are registered trademarks.
© Copyright 2024. All rights reserved.
[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
LEIBOVIT VR NEWSLETTERS - 'TURNAROUND TUESDAY' - APRIL 23, 2024 - SHORTENED LETTER FOR PASSOVER THIS WEEK
What Is Passover (Pesach)?
Passover 2024 will be celebrated from April 22-30
https://www.chabad.org/holidays/passover/pesach_cdo/aid/871715/jewish/What-Is-Passover-Pesach.htm
FOLKS THIS ALL YOU NEEDED TO KNOW! HISTORICALLY A GOOD SIGN THAT WE ARE AT OR NEAR A MARKET TOP = BULLISH MEDIA HEADLINES LIKE THIS. RECALL THE MARCH 10, 2000 TOP HEADLINE IN THE WALL STREET JOURNAL (BELOW) RIGHT AT THE TOP!
I CALL CORRECTLY CALLED A BULL TRAP. WHERE IS CNBC, FOX NEWS, THE WALL STREET JOURNAL ACKNOWLEDGING MY CALL?
WHAT ABOUT MY CALL FOR BLACK SWANS. WE'VE SEEN A FEW. ARE MORE BLACK SWANS ARE UNDERWAY ? - CAN YOU NAME THE ONES WE'VE JUST RECENTLY EXPERIENCED? CAN YOU GUESS WHAT COULD BE COMING. AGAIN, NO RECOGNITION IN THE FINANCIAL MEDIA. THEY ARE TOO EMBARRASSED.
THE VR FORECASTER - ANNUAL FORECAST MODEL
ORDER TODAY AND WE WILL MANUALLY EMAIL YOU THE REPORT BEFORE IT IS POSTED ON THE WEBSITE
HERE IS THE 2023 ANNUAL FORECAST MODEL WITH THE 'RESULTS' SUPERIMPOSED
HERE IS THE 2023 ANNUAL FORECAST MODEL FOR BITCOIN WITH THE 'RESULTS' SUPERIMPOSED
ORDER PAGE
http://tinyurl.com/5f7wb6zs
https://www.howestreet.com/2024/04/stock-markets-appear-to-be-in-correction-territory-mark-leibovit/
WHO IS MARK LEIBOVIT?
MARK LEIBOVIT is Chief Market Strategist for LEIBOVIT VR NEWSLETTERS a/k/a VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL (TM) methodology and Annual Forecast Model.
Mark's extensive media television profile includes seven years as a consultant ‘Elf’ on “Louis Rukeyser’s Wall Street Week” television program, and over thirty years as a Market Monitor guest for PBS “The Nightly Business Report”. He also has appeared on Fox Business News, CNBC, BNN (Canada), and Bloomberg, and has been interviewed in Barrons, Business Week, Forbes and The Wall Street Journal and Michael Campbell's MoneyTalks.
In the January 2, 2020 edition of TIMER DIGEST MAGAZINE, Mark Leibovit was ranked the #1 U.S. Stock Market Timer and was previously ranked #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.
He was a 'Market Maker' on the Chicago Board Options Exchange and the Midwest Options Exchange and then went on to work in the Research department of two Chicago based brokerage firms. Mr. Leibovit now publishes a series of newsletters at www.LeibovitVRNewsletters.com. He became a member of the Market Technicians Association in 1982.
Mr. Leibovit’s specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. He has historical experience recognizing, bull and bear markets and signaling alerts prior to market crashes. His indicator is currently available on the Metastock platform.
His comprehensive study on Volume Analysis, The Trader’s Book of Volume published by McGraw-Hill is a definitive guide to volume trading. It is now also published in Chinese. Mark has appeared in speaking engagements and seminars in the U.S. and Canada.
U.S. Stocks Close On Bright Note Despite Coming Off Day's Highs
U.S. stocks climbed higher on Monday with those from the technology sector turning in a fine performance, as traders
indulged in some bargain hunting after recent losses. Easing worries about Middle East tensions helped underpin sentiment.
The major averages all closed on a firm note. The Dow ended with a gain of 253.78 points or 0.67 percent at 38,239.98,
more than 200 points off the day's high of 38,447.16. The S&P 500, which climbed to 5,038.84, settled at 5,010.60, gaining
43.37 points or 0.87 percent, while the Nasdaq ended higher by 169.30 points or 1.11 percent at 15,451.31, off the day's
high of 15,539.00.
The market gained amid slightly easing fears of a wider Middle East conflict after Iran and Israel completed 'measured'
counterattacks that were calibrated to avoid any casualties. A bit of bargain hunting is contributing as well to the
market's rise.
Investors awaited a slew of key U.S. economic data this week, including reports on new home sales, durable goods orders
and personal income and spending.
The Commerce Department's personal income and spending report includes readings on inflation said to be preferred by the
Federal Reserve.
Earnings season also starts to pick up steam this week, with Tesla (TSLA), Boeing (BA), IBM (IBM), Caterpillar (CAT),
Honeywell (HON), Alphabet (GOOGL), Intel (INTC), Microsoft (MSFT), Chevron (CVX) and Exxon Mobil (XOM) among the companies
due to report their quarterly results.
Goldman Sachs and JPMorgan Chase climbed 3.3% percent and about 2%, respectively. Procter & Gamble gained 1.5 percent.
Amazon, McDonald, Chevron, Amgen and Walmart gained 1 to 1.5 percent.
Salesforce.com shares gained more than 1 percent after the company backed away from its talks to acquire data-management
software firm Informatica.
Ford Motor rallied more than 6 percent. United Airlines Holdings gained about 5 percent. Nvidia climbed 4.35 percent.
Citigroup, Delta Airlines, Seagate Technology, Moderna and American Airlines also ended sharply higher.
Verizon ended 4.7 percent down. The company, which announced weak profit and slightly higher revenues in its first
quarter, maintained its fiscal 2024 earnings outlook. For 2024, Verizon continues to expect adjusted earnings per share of
$4.50 to $4.70.
Tesla drifted down 3.4 percent, on concerns over gross margins after the company lowered prices in several markets.
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Monday. Japan's
Nikkei 225 Index jumped by 1.0 percent, while Hong Kong's Hang Seng Index surged by 1.8 percent.
The major European markets also moved to the upside on the day. While the U.K.'s FTSE 100 Index shot up by 1.62 percent,
the German DAX Index climbed 0.7 percent and the French CAC 40 Index ended up by 0.22 percent.
In commodities trading, crude oil futures ended down $0.29 at $82.35 a barrel. Gold futures dropped $66.20 or about 2.76
percent, to $2,332.20 an ounce.
On the currency front, the U.S. dollar was up at 154.84 yen versus the 154.64 yen it fetched at the close of New Yourk
trading on Friday. Against the euro, the dollar was at 1.0655, compared to last Friday's $1.0656.
Fed says 1,804 banks and other institutions tapped emergency lending facility -Yahoo! Finance
(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday.
About 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report.
The Bank Term Funding Program, as it was called, was aimed at addressing a liquidity crunch after a run on deposits led to the failures of SVB and Signature Bank and forced financial authorities to stage a rescue of the sector.
The facility lent on collateral without applying the usual haircuts and the loans were made on cheap terms.
The program stopped making new loans on March 11, a year after its creation. At its peak it extended a total of $165 billion in loans, with terms of up to a year. It is expected to close down completely by next March.
Former Democrat Comes Out Against the Democratic Agenda
Vince Everett Ellison:
The Democratic party is evilest organization in the history of the world and is presently being controlled by cabala perverts, liars, psychopaths and anti-christian bigots
https://www.armstrongeconomics.com/international-news/politics/former-democrat-comes-out-against-the-democratic-agenda/
The Significance of the Month of April
Courtesy Bill Koenig (watch.org)
· Major wars began in the U.S. in this time frame.
· Major domestic terror events occurred numerous times on April 19.
· Mohammed and Hitler were both born on April 20.
· From 2006 to 2013, and once again in 2014 (and now again in 2024), there were major news items about Iran in April.
The Natural Year
· The sun governs our seasons, which are measured by the solstices and equinoxes. By many accounts, the natural year begins with the vernal equinox on March 20/21. This has been true in agrarian (agriculture/ farming-based) societies for thousands of years. It has also been true in civilizations that worshipped the sun (and established their calendars accordingly).
· As such, it starts the clock on the “opening range” of each natural year.
· If one were to begin a calendar on the vernal equinox (start of spring), the first month of that year would end on April 19/20. It is when the northern half of the earth transitions from seasonal “death” to “life.” In the old days, it was also when “kings went off to war.” (See the biblical account of when David chose not to go off.)
· Anyone who suffers from seasonal affective disorder (SAD) could certainly attest to the psychological aspects of longer days and more sunlight when the shroud of depression lifts and the rays of hope come flooding back into their lives.
· This period — from March 20/21 to April 19/20 — marks a very important transition period, linked to various means of measuring time with physical (natural), celestial (astronomy), metaphysical (astrology) and supernatural (Jewish and Christian commemorations) implications.
· April 19/20 acts like a deadline for determining what to expect in the coming (natural) year. It is a time to watch each year for signs of “change.”
———
Date of infamy for America — April 19 and the days around it
· This “natural year opening range” has diverse — and, seemingly, contradictory —implications. As just explained, it is a time when much of nature comes back to life.
· Paradoxically, it is when man often incites war (and the end of many lives). Nowhere has this remained more constant than in the histories of America and Israel.
· I have explained this concept many times before, but it is also the single most requested compilation of analysis from readers.
· In short, Eric Hadik has termed the date of April 19 (sometimes extending to the days surrounding it) as the “date of infamy” for America.
· Historically, many events that occurred during April 19-20 set the stage for the rest of the year …
———
The following are just a few of the events that have occurred on this date and have impacted/governed America's destiny … beginning with our independence (and incorporating almost every major, decisive war in our history):
· Start of Revolutionary War—April 19, 1775
· Battle of San Jacinto/end of Texas Revolution—April 19-21, 1836
· Start of Mexican-American War—April 25, 1846
· Start of Civil War—April 12, 1861
· Start of Spanish-American War—April 26, 1898
· President Franklin D. Roosevelt announces U.S. will leave gold standard—April 19, 1933
· Bay of Pigs invasion failure—April 17-19, 1961
· End of Vietnam War—April 30, 1975
· Operation Praying Mantis was on April 18, 1988. It was an attack by U.S. naval forces in retaliation for the Iranian mining of the Persian Gulf and the subsequent damage to an American warship. This battle was the largest of five major U.S. surface engagements since the Second World War.
———
The April 19/20 date has pinpointed many events of great ‘civil unrest’ and/or domestic terrorism in the U.S. They include:
· ATF raid on Covenant of the Sword and the Arm of the Lord (CSA)—April 19-21, 1985 (linked to the Oklahoma City bombing a decade later)
· Explosion on the USS Iowa (speculated to be an act of sabotage/suicide, but never proven)—April 19, 1989
· Waco/Branch Davidian raid by FBI/ATF—April 19, 1993
· Oklahoma City Bombing—April 19, 1995
· Columbine High School massacre—April 20, 1999
Additional events:
· Anti-Jewish riots break out in Palestine—April 19, 1936
· USSR performs nuclear test at Semipalitinsk, Eastern Kazakhstan, USSR—April 19, 1985
· Benedict XVI, Cardinal Joseph Ratzinger, becomes the 265th pope—April 19, 2005
· Massive BP Petroleum oil spill in the Gulf of Mexico, began on April 20, 2010
The historical date of infamy for Israel and her enemies – April 20/21
This date has also had a dramatic impact on Israel and Jews. In the last 2,000 years, Jews have had many enemies and many antagonists; but three, in particular, stand out:
· Birth of Rome/Roman Empire
· Islam/Mohammad
· Nazi Germany/Hitler
What do they have in common? They were all born on April 20/21.
· The birth of Rome (by Romulus) is dated as April 21, 753 B.C.
· The birth of Mohammad is dated as April 20, 571 A.D.
· The birth of Adolph Hitler was April 20, 1889.
Additional:
· Israel faced the Great Arab Revolt of April 19, 1936.
· The birth of Iranian Supreme Leader Ali Khamenei on April 19, 1939.
· The Warsaw Ghetto Uprising began April 19, 1943.
· The ascension of Gamal Abdel Nasser in Egypt on April 18, 1954. Nasser was Israel’s lead antagonist for almost two decades. He was responsible for three wars with Israel from 1956–1970. He was also responsible for the first United Arab Republic—in 1958–1961, a concept that could reach a more cohesive realization in the coming years.
To say the least, this has been a very significant period of time for centuries.
The President's Working Group on Financial Markets
known colloquially as the Plunge Protection Team, or "(PPT)" was created by Executive Order 12631,[1] signed on March 18, 1988, by United States President Ronald Reagan.
As established by the executive order, the Working Group has three purposes and functions:
"(a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:
(1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and
(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.
(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.
(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes."
Plunge Protection Team
"Plunge Protection Team" was originally the headline for an article in The Washington Post on February 23, 1997, and has since been used by some as an informal term to refer to the Working Group. Initially, the term was used to express the opinion that the Working Group was being used to prop up the stock markets during downturns.[5 Financial writers for British newspapers The Observer and The Daily Telegraph, along with U.S. Congressman Ron Paul, writers Kevin Phillips (who claims "no personal firsthand knowledge" and John Crudele,[8] have charged the Working Group with going beyond their legal mandate.[failed verification] Charles Biderman, head of TrimTabs Investment Research, which tracks money flow in the equities market, suspected that following the 2008 financial crisis the Federal Reserve or U.S. government was supporting the stock market. He stated that "If the money to boost stock prices did not come from the traditional players, it had to have come from somewhere else" and "Why not support the stock market as well? Moreover, several officials have suggested the government should support stock prices."
In August 2005, Sprott Asset Management released a report that argued that there is little doubt that the PPT intervened to protect the stock market.[10] However, these articles usually refer to the Working Group using moral suasion to attempt to convince banks to buy stock index futures.
Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." Author Kevin Phillips wrote in his 2008 book Bad Money that while he had no interest "in becoming a conspiracy investigator", he nevertheless drew the conclusion that "some kind of high-level decision seems to have been reached in Washington to loosely institutionalize a rescue mechanism for the stock market akin to that pursued...to safeguard major U.S. banks from exposure to domestic and foreign loan and currency crises." Phillips infers that the simplest way for the Working Group to intervene in market plunges would be through buying stock market index futures contracts, either in cooperation with major banks or through trading desks at the U.S. Treasury or Federal Reserve.
What is the Plunge Protection Team?
(PPT) is an informal term for the Working Group on Financial Markets. The working group was created in 1988 by then U.S President Ronald Reagan following the infamous October 1987 Black Monday crash. It was formed to re-establish consumer confidence and take steps to achieve economic and market stability in the aftermath of the market crash. The U.S president consults with the team during times of economic uncertainty and turbulence in the markets.
The Working Group on Financial Markets’ informal name “Plunge Protection Team” was coined and popularized by The Washington Post in 1997.
What does the Plunge Protection Team Do?
The Plunge Protection Team was initially formed to advise the president and regulatory agencies on countering the negative impacts of the stock market crash of 1987. However, the team has continued to report to various presidents since that stock market crash and has met various U.S presidents on important financial matters over the years.
The team was believed to be behind the rally in the stock market shortly after a hefty drop in the Dow Jones Industrial Average (DJIA) on February 05, 2018. As per some market observers, after the plunge, the market made a smart recovery in the following days, which may have been a result of heavy buying by the Plunge Protection Team.
Who is on the plunge protection team?
The PPT several top government economic and financial officials. The Secretary of the Treasury heads the group, while the Chair of the Board of Governors of the Federal Reserve, the Chair of the Commodity Futures Trading Commission, and the Chair of the Securities and Exchange Commission, are also part of the team.
Why is the PPT secretive?
The Plunge Protection Team’s meetings or activities aren’t covered by the media, which gives rise to speculations and conspiracy theories about the team. The probable reason behind the secretive nature of its activities is that it reports only to the president. Some observers opine that the team’s role is not only limited to giving recommendations to the president; rather, the team intervenes in the market and artificially props up stock prices.
Critics claim that the members connive with big banks and profit from stock markets by carrying out trades on different stock exchanges when prices decline. They then artificially prop up the prices as part of their market stabilization efforts and profit from their transactions.
When does/have the PPT meet?
Although very little has come out in the mainstream media about the group’s activities, there have been some instances when the team’s meetings were reported. For example, in 1999, the team proposed to congress to incorporate some changes in the derivatives markets regulations. The last reported meeting of the group, at the time of this writing in June 2022, was in December 2018 when Treasury Secretary Steven Mnuchin headed the teleconference with the group’s members. Representatives from the Federal Deposit Insurance Corporation and the Comptroller of the Currency also attended the meeting.
Before the teleconference that took place on December 24, 2018, the S&P 500 and the DJIA had been under pressure for the whole month. But after Christmas, the DJIA and the S&P 500 both recovered and reversed most of the losses in the next few days. Conspiracy theorists attribute the recovery and gains in the indices to the intervention by the Plunge Protection Team.
Final Thoughts
The Working Group on Financial Markets serves an important function: to advise the president on financial markets and economic affairs. Because the exact nature of the group’s activities or recommendations haven't been made public, some critics of the group blame the group for market intervention and artificially propping up stocks’ prices. However, some market observers believe that the team’s quiet activities are excused as it reports directly to the president.
The Exchange Stabilization Fund protects the FED.
We already know the FED is lying that raising interest rates will reduce price inflation. The Exchange Stabilization Fund (ESF) is an emergency reserve account that can be used by the U.S. Department of Treasury to mitigate instability in various financial sectors, including credit, securities, and foreign exchange markets. The U.S. Exchange Stabilization Fund was established at the Treasury Department by a provision in the Gold Reserve Act of 1934.
https://en.wikipedia.org/wiki/
Gold market manipulation: Why, how, and how long? (2021 edition)
https://gata.org/node/20925
https://tinyurl.com/2rd9wv52
OPPORTUNITY TO ACCESS MARK LEIBOVIT'S PROPRIETARY VOLUME REVERSAL INDICATOR - THIS IS THE ONLY PLACE TO DO IT!
https://www.metastock.com/prod
COME ON, DAD. IT'S TIME TO EAT
DISCLAIMER:
WE ARE NOT FINANCIAL ADVISORS AND DO NOT PROVIDE FINANCIAL ADVICE
The website, LeibovitVRNewsletters.com, is published by LeibovitVRNewsletters LLC.
In using LeibovitVRnewsletters.com (a/k/a LeibovitVRNewsletters LLC) you agree to these Terms & Conditions governing the use of the service. These Terms & Conditions are subject to change without notice. We are publishers and are not registered as a broker-dealer or investment adviser either with the U.S. Securities and Exchange Commission or with any state securities authority.
All stocks and ETFs discussed are HYPOTHETICAL and not actual trades whose actual execution may differ markedly from prices posted on the website and in emails. This may be due internet connectivity, quote delays, data entry errors and other market conditions. Hypothetical or simulated performance results have certain inherent limitations as to liquidity and execution among other variables. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE FORECASTING ACCURACY OR PROFITABLE TRADING RESULTS.
All investments are subject to risk, which should be considered on an individual basis before making any investment decision. We are not responsible for errors and omissions. These publications are intended solely for information and educational purposes only and the content within is not to be construed, under any circumstances, as an offer to buy or to sell or a solicitation to buy or sell or trade in any commodities or securities named within.
All commentary is provided for educational purposes only. This material is based upon information we consider reliable. However, accuracy is not guaranteed. Subscribers should always do their own investigation before investing in any security. Furthermore, you cannot be assured that your will profit or that any losses can or will be limited. It is important to know that no guarantee of any kind is implied nor possible where projections of future conditions in the markets are attempted.
Stocks and ETFs may be held by principals of LeibovitVRNewsletters LLC whose personal investment decisions including entry and exit points may differ from guidelines posted.
LeibovitVRNewsletters.com cannot and do not assess, verify or guarantee the suitability or profitability of any particular investment. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. As an express condition of using this service and anytime after ending the service, you agree not to hold LeibovitVRNewsletters.com or any employees liable for trading losses, lost profits or other damages resulting from your use of information on the Site in any form (Web-based, email-based, or downloadable software), and you agree to indemnify and hold LeibovitVRNewsletters.com and its employees harmless from and against any and all claims, losses, liabilities, costs, and expenses (including but not limited to attorneys' fees) arising from your violation of this agreement. This paragraph is not intended to limit rights available to you or to us that may be available under the federal securities laws.
For rights, permissions, subscription and customer service, contact the publisher at mark.vrtrader@gmail.com or call at 928-282-1275 or mail to 10632 N. Scottsdale Road B-426, Scottsdale, AZ 85254.
The Leibovit Volume Reversal, Volume Reversal and Leibovit VR are registered trademarks.
© Copyright 2024. All rights reserved.