https://www.howestreet.com/2024/10/just-a-handful-of-stocks-boosting-dow-higher-mark-leibovit/

TERRIFIC MARTIN ARMSTRONG INTERVIEW ON TRACK 3

https://www.howestreet.com/2024/10/silver-gold-uranium-us-civil-war-real-estate-martin-armstrong-hilliard-macbeth-ross-clark-this-week-in-money/

BULL TRAP CONDITION CONTINUES TO EXIST DESPITE WHAT YOU HEAR IN THE MEDIA

DANGER DANGER WILL ROBINSON

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

Dow Gives Back Ground But Nasdaq Closes In Positive Territory

Following recent strength on Wall Street, the major U.S. stock indexes turned in a mixed performance during trading on Monday. While the Dow showed a notable pullback, the tech-heavy Nasdaq managed to end the day in positive territory.

The Dow slid 344.31 points or 0.8 percent to 42,931.60 and the S&P 500 dipped 10.69 points or 0.2 percent to 5,853.98, but the Nasdaq rose 50.45 points or 0.3 percent to 18,540.01.

The pullback by the Dow partly reflected significant declines by American Express (AXP), Merck (MRK) and Travelers (TRV).

The blue chip index gave back ground after reaching a record closing high last Friday, as some traders cashed in on the recent strength.

Meanwhile, the Nasdaq fluctuated over the course of the session before eventually ending the day at its best closing level since setting a record closing high in July.

Overall trading activity was relatively subdued, as traders looked ahead to the release of a slew of corporate earnings news from big-name companies.

3M (MMM), General Motors (GM), Verizon (VZ), Boeing (BA), Coca-Cola (KO), IBM Corp. (IBM), Tesla (TSLA) and UPS (UPS) are among the companies due to report their quarterly results this week.

Reports on durable goods orders and new and existing home sales are also likely to attract attention in the coming days along with the Federal Reserve’s Beige Book.

The Conference Board released a report this morning showing its reading on leading U.S. economic indicators fell by more than expected in the month of September.

The report said the leading economic index slid by 0.5 percent in September after falling by a revised 0.3 percent in August.

Economists had expected the leading economic index to decrease by 0.3 percent compared to the 0.2 percent dip originally reported for the previous month.

Sector News

Housing stocks saw substantial weakness on the day, with the Philadelphia Housing Sector Index plunging by 3.0 percent after ending last Friday’s trading at a record closing high.

Considerable weakness was also visible among commercial real estate stocks, as reflected by the 2.0 percent slumped by the Dow Jones U.S. Real Estate Index.

Telecom, banking and pharmaceutical stocks also saw significant weakness, while airline stocks showed a strong move to the upside.

Other Markets

In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Monday. Japan’s Nikkei 225 Index edged down by 0.1 percent, while China’s Shanghai Composite Index rose by 0.2 percent.

Meanwhile, the major European markets have all moved to the downside on the day. While the U.K.’s FTSE 100 Index fell by 0.5 percent, the German DAX Index and the French CAC 40 Index both slumped by 1.0 percent.

In the bond market, treasuries moved sharply lower over the course of the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, surged 10.9 basis points to a two-month closing high of 4.182 percent.

Looking Ahead

Amid a lack of major U.S. economic data, trading on Tuesday may be impacted by reaction to the latest corporate earnings news.

3M, Comcast (CMCSA), General Motors, Lockheed Martin (LMT), and Verizon are among the companies due to report their quarterly results before the start of trading.

 

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ELON MUSK’S AUTONOMOUS ASSISTANT

https://tinyurl.com/pku6hysk

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.

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

RFK Jr. Shreds Democrats for Abandoning Democracy

https://tinyurl.com/24sh92xa

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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