https://www.howestreet.com/2024/05/is-it-time-to-sell-in-may-mark-leibovit/
DO YOU THINK ALL THE RECENT NATURAL DISASTERS ARE COINCIDENCES? MAYBE NOT IF YOU READ THE WORK OF BILL KOENIG.
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
Panting dogs, panting dogs! Waiting for Nvidia on Wednesday! What a joke!
The world is at war, inflation is not being tamed, a bill has been entered into Congress to abolish the Federal Reserve, Leftists (I have stronger words) are working hard to take down our country, banks are still in trouble, unimaginable taxes are being proposed, gold and commodities are rallying for a reason, our borders are being invaded and rioting is spreading across the country sponsored by the likes of George Soros.
Nasdaq Reaches New Record Closing High But Dow Gives Back Ground
After an early advance, the major U.S. stock indexes moved in opposite directions over the course of the trading session on Monday.
The tech-heavy Nasdaq added to last week’s strong gains, reaching a new record closing high, while the Dow gave back ground after closing above 40,000 for the first time last Friday.
The Nasdaq ended the day up 108.91 points or 0.7 percent at 16,794.87. The S&P 500 also crept up 4.86 points or 0.1 percent to 5,308.13, but the Dow fell 196.82 points or 0.5 percent at 39,806.77.
The advance by the Nasdaq reflected strength in the tech sector, with semiconductor stocks turning in a particularly strong performance on the day.
Reflecting the strength among semiconductor stocks, the Philadelphia Semiconductor Index jumped by 2.2 percent to a two-month closing high.
Chipmaker Micron Technology (MU) helped lead the way higher, surging by 3.0 percent after Morgan Stanley upgraded its rating on the company’s stock to Equal Weight from Underweight.
Ai darling Nvidia (NVDA) also shot up by 2.5 percent ahead of the release of its fiscal first quarter results after the close of trading on Wednesday.
Gold stocks also saw notable strength on the day, as the price of the precious metal reached a new record high, while banking stocks and telecom stocks moved to the downside.
A steep drop by shares of JPMorgan Chase (JPM) weighed on the Dow, with the financial giant tumbling by 4.5 percent after ending last Friday’s trading at a record closing high.
The pullback by JPMorgan came after CEO Jamie Dimon implied during remarks at the company’s annual investor day that he may retire in fewer than five years.
Overall trading remained somewhat subdued, however, as traders seemed reluctant to make more significant bets amid a lack of major U.S. economic data on the day.
The economic calendar remains relatively quiet throughout the week, although reports on durable goods orders and new and existing home sales may attract some attention along with the minutes of the latest Fed meeting.
Other Markets
In overseas trading, stock markets across the Asia-Pacific region moved mostly higher during trading on Monday. Japan’s Nikkei 225 Index advanced by 0.7 percent, while China’s Shanghai Composite Index rose by 0.5 percent.
The major European markets also moved to the upside on the day. While the U.K.’s FTSE 100 Index inched up by 0.1 percent, the German DAX Index and the French CAC 40 Index both climbed by 0.4 percent.
In the bond market, treasuries saw modest weakness, extending the pullback seen over the two previous sessions. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, inched up 1.7 basis points to 4.437 percent.
Looking Ahead
Amid another quiet day in terms of U.S. economic data, trading on Tuesday may be impacted by reaction to remarks by several Fed officials.
Tuls Gabbard’s presentation to CPAC earlier this year. Fantastic!
My question is who allowed all the cockroaches into our government?
https://www.c-span.org/video/?533732-2/tulsi-gabbard-speaks-cpac
Wayne Root believes the ‘real’ President Obama will arrange for his wife to be the next Democratic nominee, not Biden
https://rootforamerica.com/get-ready-for-michelle-obama/
Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian were killed in a helicopter crash on Sunday, confirmed Iranian state media. The incident occurred in the northwestern East Azerbaijan province.
Also among the deceased were Mohammad Ali Ale-Hashem, the regime’s representative in East Azerbaijan, Malek Rahmati, the province’s governor, as well as the helicopter’s pilot and co-pilot. The group was returning from the inauguration of a jointly built dam on the Aras River by Iran and Azerbaijan.
We know the U.S. government leaders ares insane – all suffering from mental illness:
The United States on Monday offered its condolences over the deaths of Iranian President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian, and the other members of their delegation killed in a helicopter crash over the weekend.
“As Iran selects a new president, we reaffirm our support for the Iranian people and their struggle for human rights and fundamental freedoms,” US State Department spokesperson Matthew Miller said in a statement, in an apparent swipe at the rights record of the deceased.
Explaining the decision to offer official condolences in a subsequent briefing, Miller said the US does not want to see anyone die under such circumstances.
It’s okay they attack our armed forces around the world, sponsor terrorism in the Mideast and seek to use a nuclear weapon to destroy us and Israel!
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
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OPPORTUNITY TO ACCESS MARK LEIBOVIT’S PROPRIETARY VOLUME REVERSAL INDICATOR – THIS IS THE ONLY PLACE TO DO IT!
https://www.metastock.com/prod
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!
COME ON, DAD. IT’S TIME TO EAT
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