FOR THOSE WHO ARE INTERESTED IN BARRETT-JACKSON CAR AUCTIONS – THE BIG ONE IS GOING ON NOW IN SCOTTSDALE, AZ: HERE IS THE LINK
https://www.barrett-jackson.com/Live/Streaming/Video/b3d7796a-599e-49c9-b10f-2235e5c8deac/BLOCK
Why am I showing the stock market during World War II? Well, we’ve entered World War III (different type of war, maybe), but sometimes patterns rhyme. Looks like the ‘power that be’ knew about the Japanese attack well in advance as the market declined into December 7. Interesting.
Stocks showed a strong move to the upside in early trading on Wednesday but gave back ground over the course of
the session. The major averages pulled back well off their highs of the session in afternoon trading, with the
Dow sliding into negative territory.
The major averages eventually ended the session mixed. While the Nasdaq rose 55.98 points or 0.4 percent to
15,481.92 and the S&P 500 inched up 3.95 points or 0.1 percent to 4,868.55, the Dow fell 99.06 points or 0.3
percent to 37,806.39.
Despite the afternoon pullback, the S&P 500 crept up to a new record closing high and the Nasdaq reached its
best closing level in over two years.
Technology stocks helped lead the way higher in early trading on Wall Street, with shares of Netflix (NFLX)
soaring by 10.7 percent on the day.
Netflix rallied after the streaming giant reported better than expected fourth quarter revenues on stronger than
expected subscriber growth.
Dutch chip equipment maker ASML (ASML) also spiked by 8.9 percent after reporting better than expected fourth
quarter results.
The strong results added to optimism about earnings from other tech companies, with IBM Corp. (IBM) among the
companies releasing their quarter results after the close of today’s trading.
Buying interest waned over the course of the session, however, potentially reflecting renewed interest rate
concerns amid a rebound by treasury yields.
Yields moved lower early in the session but showed a significant turnaround as the day progressed following some
upbeat U.S. economic data and a disappointing five-year note auction.
Sector News
Despite the pullback by the broader markets, oil service stocks continue to see substantial strength resulting
in a 3.1 percent spike by the Philadelphia Oil Service Index.
The rally by oil service stocks came as the price of crude oil for March delivery climbing $0.72 to $75.09 a
barrel following the release of a report showing a much bigger than expected weekly decrease in crude oil
inventories.
Significant strength also remained visible among semiconductor stocks, as reflected by the 1.5 percent gain
posted by the Philadelphia Semiconductor Index. The index reached a new record closing high.
While ASML led the sector higher, Advanced Micro Devices (AMD) also posted a standout gain after New Street
Research upgraded its rating on the chip maker’s stock to Buy from Neutral.
Meanwhile, gold stocks moved sharply lower amid a decrease by the price of the precious metal, dragging the NYSE
Arca Gold Bugs Index down by 3.0 percent.
Telecom stocks also came under pressure over the course of the session, with the NYSE Arca North American
Telecom Index slumping by 2.1 percent.
Industry giant AT&T (T) tumbled by 3.0 after reporting weaker than expected first quarter earnings and
forecasting 2024 earnings below analyst estimates.
Interest rate-sensitive utilities, housing and commercial real estate stocks also moved to the downside amid the
rebound by treasury yields.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading
on Wednesday. Japan’s Nikkei 225 Index slid by 0.8 percent, while Hong Kong’s Hang Seng Index surged by 3.6
percent.
Meanwhile, the major European markets all moved to the upside on the day. While the German DAX Index jumped by
1.6 percent, the French CAC 40 Index advanced by 0.9 percent and the U.K.’s FTSE 100 Index climbed by 0.6
percent.
In the bond market, treasuries came under pressure over the course of the session after seeing initial strength.
Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose 3.6 basis points
to 4.178 percent after hitting a low of 4.086 percent.
Looking Ahead
While earnings news may continue to impact trading on Thursday, traders are also likely to keep an eye on a slew
of U.S. economic data, including reports on weekly jobless claims, durable goods orders and fourth quarter GDP.
FOMC MEETINGS 2024
JAN 31
MARCH 20
MAY 1
JUNE 12
JULY 31
SEPT 18
NOV 7
DEC 18
https://www.history.com/news/
1952 was the year America caught flying-saucer fever.
So when a rash of strange sightings was reported in the skies over Washington D.C. that summer, the press and the public demanded answers. Were these unexplained radar blips, crafts that in some cases outran jets, part of a nuclear-armed Soviet invasion—a very real threat at the height of the Red Scare? Or were they evidence of something far more mysterious?
The Washington, D.C. sightings of July 1952, also known as “the Big Flap,” hold a special place in the history of unidentified flying objects. Major American newspapers were reporting multiple credible sightings by civilian and military radar operators and pilots—so many that a special intelligence unit of the U.S. Air Force was sent in to investigate. What they found—or didn’t find—along with the Air Force’s official explanation, fueled some of the earliest conspiracy theories about a government plot to hide evidence of alien life.
http://tinyurl.com/53kjcxa6
NEXT PODCAST POSTED THURSDAY EVENING
https://www.howestreet.com/2024/01/groundhog-day-effect-mark-leibovit/
CRYPTO UPDATE AS OF JANUARY 24, 2024:
BITCOIN WILL EASILY SEE A PUSH TOWARD $100,000 (MAYBE CONSERVATIVE) IN THE NEXT COUPLE OF YEARS! ETFS BELOW OFFER THE OPPORTUNITY TO PARTICIPATE BUT USE DOLLAR-COST AVERAGING!
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 2023. All rights reserved.
