https://www.howestreet.com/2024/11/even-with-trump-stock-markets-will-make-corrections-mark-leibovit/

NEXT PODCAST THURSDAY EVENING

Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.

~ Ayn Rand

The stock market has been charging along for months.  Perhaps not for long. Tom DeMark, an award-winning technical analyst who has advised investors including Paul Tudor Jones, Leon Cooperman and Steven A. Cohen, says that a top is likely imminent.  To the best of my knowledge he still lives and works here in Paradise Valley, AZ.  DeMark focuses on trend exhaustion and his mantra is that markets top on good news and bottom on bad news. In particular he focuses on a string of 9 and 13 daily or weekly moves, which don’t have to be consecutive but do have to be better, or worse, than four sessions ago in the 9 model and two  sessions ago in the 13 model.   In an email to MarketWatch, DeMark says the Dow Jones Industrial Average, from its Dec. 1914 low to its Sept. 1929 high, rallied 624%. From the 2009 low to this week’s high, the Dow has rallied 587%.  He says the Dow has recorded similar daily, weekly, and monthly price profiles to that of the earlier period.

ARE YOUR PREPARED FOR THE ESCALATION OF WORLD WAR III? – NEOCONS IN THE DEMOCRATIC PARTY ARE TRIGGER HAPPY AS A RESULT OF THEIR MENTAL ILLNESS

And the U.S. media is equally contaminated with this mental illness.  We can only hope and pray rational heads ultimately prevail, but mental illness is not cured overnight.

According to Martin Armstrong:

“Russia has begun mass production of mobile nuclear bunkers. This is in response to Ukraine’s use of Western US and British missiles to attack deep inside Russia to destroy its conventional capability so NATO can launch an invasion by March/April 2025.

This has coincided with Mr Putin’s change of Russia’s doctrine to lower the threshold for using nuclear weapons to include the use of conventional weapons by Ukraine. Russia’s defense ministry said Ukraine attacked an ammunition stockpile in the Bryansk region using missiles supplied by the US military’s MGM-140 Army Tactical Missile System (ATACMS).

Russia has also ordered the production of its mobile nuclear bunkers to protect citizens. They are shelters capable of protecting people from the light radiation of a nuclear explosion and radioactive contamination of the surrounding environment. These are known as “KUB-M” and will protect 54 people for 48 hours from the air shock wave and light radiation of a nuclear explosion; penetrating radiation and radioactive contamination of the area; high-explosive and fragmentation effects of conventional weapons; falling debris from building structures; dangerous chemicals; fires. Unlike traditional, stationary bunkers, mobile bunkers are built to be easily moved from one location to another, often on vehicles or trailers. They can be equipped with advanced shielding, air filtration systems, and other necessary survival equipment to withstand the harsh conditions of a nuclear event”

The markets:

After seeing weakness throughout much of the session, stocks recovered in the latter part of the trading day on Wednesday. The major averages climbed well
off their worst levels before eventually ending the session narrowly mixed.

The Dow ended the day up 139.53 points or 0.3 percent at 43,408.47, while the S&P 500 closed little changed, up just 0.13 points at 5,917.11.

The tech-heavy Nasdaq closed down 21.32 points or 0.1 percent at 18,966.14 but staged a notable recovery attempt after tumbling by as much as 1.4 percent.

The roughly flat close by the major averages came as traders looked ahead to the release of quarterly results from AI darling Nvidia (NVDA) after the
close of today’s trading.

Nvidia, which has recently been a major market leader, fluctuated over the course of the session before closing down 0.8 percent.

“Demand for Nvidia’s products and services is unlikely to be a problem, it’s more about the fine detail on the new Blackwell chip and any commentary on
boosting supplies in 2025,” said Dan Coatsworth, investment analyst at AJ Bell.

“Nvidia is forecast to report $0.746 earnings per share on $33.09 billion of revenue,” he added, “But beating those figures may not be enough to put the
share price back on an upwards path. Nvidia will also need to reassure on Blackwell and outline the reasons why the AI super-craze will stay intact for
2025, 2026 and beyond.”

The volatility seen late in the session also came as trading activity was somewhat subdued amid a lack of major U.S. economic data.

Traders may also have been reluctant to make more significant moves as they kept an eye on developments overseas amid escalating tensions between Ukraine
and Russia.

Sector News

Biotechnology stocks showed a strong move to the upside on the day, driving the NYSE Arca Biotechnology Index up by 1.8 percent. The index continued to
regain ground after hitting a three-month closing low on Monday.

An increase by the price of crude oil also contributed to strength among oil service stocks, while healthcare and pharmaceutical stocks also turned in
strong performances.

Meanwhile, notable weakness remained visible among computer hardware stocks, with the NYSE Arca Computer Hardware Index falling by 1.3 percent after
surging over the two previous sessions. A sharp pullback by shares of Super Micro Computer (SMCI) weighed on the sector.

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
dipped by 0.2 percent, while China’s Shanghai Composite Index climbed by 0.7 percent.

Meanwhile, the major European markets all moved to the downside on the day. While the French CAC 40 Index fell by 0.4 percent, the German DAX Index
slipped by 0.3 percent and the U.K.’s FTSE 100 Index edged down by 0.2 percent.

In the bond market, treasuries climbed off their worst levels after an early pullback but remained in the red. As a result, the yield on the benchmark
ten-year note, which moves opposite of its price, rose 2.7 basis points to 4.406 percent.

Looking Ahead

Trading on Thursday is likely to be driven by reaction to Nvidia’s quarterly results, while reports on weekly jobless claims and existing home sales may
also attract some attention.

 

https://tinyurl.com/j6rj4327

https://www.currentmarketvaluation.com/models/buffett-indicator.php

DOLLAR

CRYPTO

NEXT FOMC MEETING:

DEC 18

OPPORTUNITY TO ACCESS MARK LEIBOVIT’S PROPRIETARY VOLUME REVERSAL INDICATOR – THIS IS THE ONLY PLACE TO DO IT!

https://www.metastock.com/products/thirdparty/?3PC-ADD-VRIS

Yes, that’s a cartoon of me.  Louis Rukeyser had us dressed up in ‘elf’ costumes on the screen broadcast each week.  I’ve dated myself. That occurred for me between 1988-1996.  Lou didn’t like any bearish comments, so myself and other elves got dumped in 1996.  

WHO am I?

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.

From Martin Armstrong

Biden Authorizes Starting World War III Before Trump Takes Office

I have been warning that our Computer has projected that war will continue and that the Neocons are traitors to the people of the United States and a
threat to the entire world. Biden, the senile one, will sign anything put in front of him, and he is incompetent to be president. For that matter, so is
Kamala. Both threaten the National Security of our nation and the world. Putin is justified to start attacking the United States directly. Since he knows
Trump is coming, he will try to sit on his hands. God help us if the Russian Neocons overthrow Putin. There will be no stopping this.

 

FDA-Approved Doesn’t Mean Safe for Your Family

Grant Williams’ documentary examining gold price manipulation is posted at YouTube

An hour-long documentary program produced in 2018 by financial letter writer Grant Williams for his Real Vision internet site concentrates on gold price
manipulation and was posted Friday in the clear at YouTube.

The program is Part 2 of “Gold: The Story of Man’s 6,000 Year Obsession,” and it’s still compelling for incisive comments from some major figures in the
gold world, including Brent Cook, Dan Oliver, Egon von Greyerz, Jim Rickards, Luke Gromen, Ned Naylor-Leyland, Rick Rule, Ronald-Peter Stoeferle, Ross
Beaty, Ross Norman, Simon Mikhailovich, and Bernhard Schnellmann.

It can be seen at YouTube here:

https://tinyurl.com/k4vnpjmu

The Walt Disney Company has been criticized (MYSELF INCLUDED) for its “woke” content and has faced backlash from conservative politicians and social media voices. Some of the criticisms include:

  • Donations to LGBTQIA+ organizations

    Some shareholders have argued that Disney’s donations to organizations that serve the LGBTQIA+ community are “extreme pursuits” that ignore the beliefs of most Americans.

  • Inclusion of LGBTQ+ characters

    Some critics have taken issue with Disney’s inclusion of LGBTQ+ characters and elements in stories, such as a same-sex kiss in Lightyear and a nonbinary character in Elemental.

  • Black Ariel in Little Mermaid

    Some critics have taken issue with the inclusion of a Black Ariel in the recent Little Mermaid.

  • Economic and reputational consequences

    Some claim that Disney’s “woke virtue signaling” has had economic and reputational consequences, with Disney’s market cap falling nearly 40% since February 2021.

In response to these criticisms, Disney CEO Bob Iger has said that:

  • Disney’s biggest priority is entertaining audiences

  • Disney is focused on the future, not the past

  • Disney needs to be more sensitive to the interest of a broad audience

  • Disney’s primary mission is to entertain and then have a positive impact on the world through entertainment

I USE JOEL WALLACH’S SUPPLEMENTS EVERY DAY.  MAY AGAIN PROVIDE A LINK TO PURCHASE THEM HERE

COME ON, DAD. IT’S TIME TO EAT

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