BULL TRAP STILL UNDERWAY
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/2024/02/stock-market-way-too-focused-on-interest-rates-mark-leibovit/
U.S. Stocks Turning In Lackluster Performance Following Last Week’s Strength
Stocks have shown a lack of direction over the course of morning trading on Monday, with the major averages bouncing back and forth across the unchanged line following the strong upward move seen last week.
Currently, the major averages are posting modest gains. The Dow is up 69.18 points or 0.2 percent at 39,200.71, the Nasdaq is up 30.73 points or 0.2 percent at 16,027.55 and the S&P 500 is up 1.53 points or less than a tenth of a percent at 5,090.33.
The choppy trading on Wall Street comes as traders seem be reluctant to make significant moves as they digest last week’s gains, which lifted the Dow and S&P 500 to new record highs.
The tech-heavy Nasdaq has also reached its best levels in well over two years but has encountered some resistance around its November 2021 highs.
Traders may also be sticking to sidelines ahead of the release of some key economic data later this week, including a closely watched inflation reading.
The Commerce Department’s report on personal income and spending, which is scheduled to be released on Thursday, includes a reading on consumer price inflation said to be preferred by the Federal Reserve.
The inflation data could have a notable impact on the outlook for interest rates, as Fed officials have said they need greater confidence inflation is slowing before cutting rates.
Reports on durable goods orders, consumer confidence, weekly jobless claims and manufacturing activity are also likely to attract attention in the coming days.
The Commerce Department released a report this morning showing a continued rebound in new home sales in the U.S. in the month of January, although the increase fell short of economist estimates.
The report said new home sales climbed 1.5 percent to an annual rate of 661,000 in January after surging by 7.3 percent to a revised rate of 651,000 in December.
With the increase, new home sales continued to regain ground after hitting their lowest level in a year in November.
However, economists had expected new home sales to jump by 2.4 percent to a rate of 680,000 from the 664,000 originally reported for the previous month.
Sector News
Most of the major sectors are showing only modest moves on the day, contributing to the lackluster performance by the broader markets.
Gold stocks have shown a significant move to the downside, however, with the NYSE Arca Gold Bugs Index slumping by 1.9 percent.
The weakness among gold stocks comes amid a pullback by the price of the precious metal, as gold for April delivery is falling $13.60 to $2,035.80 an ounce.
Considerable weakness is also visible among utilities stocks, as reflected by the 1.6 percent loss being posted by the Dow Jones Utility Average.
On the other hand, semiconductor stocks have shown a strong move to the upside, driving the Philadelphia Semiconductor Index up by 1.1 percent.
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 rose by 0.4 percent, while China’s Shanghai Composite Index slumped by 0.9 percent.
The major European markets are also mixed on the day. While the German DAX Index is up by 0.2 percent, the U.K.’s FTSE 100 Index is down by 0.1 percent and the French CAC 40 Index is down by 0.3 percent.
In the bond market, treasuries are giving back ground after moving notably higher last Friday. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, is up by 2.2 basis points at 4.282 percent.
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]