Monday, June 8, 2015

VERIZON AND FOR FEYE - FIRE-EYE - JUNE 8, 2015 LEIBOVIT VR TUTORIAL ON METASTOCK

From the Desk of Top Market Timer--  Mark Leibovit

Verizon (VZ) posted clear Leibovit Negative VR signals ahead of the current sell-off, most notably May 5 and May 15. - both confirmed by a declining 5/3/3 stochastic.  The Positive VR signal on May 8 was a bad signal and was quickly negated by the lack of upside follow-through and more than offset by the potential profit of the Negative VR signals. As you know, VZ has been declining tied to the story that either they will acquire DISH NETWORK or that T-MOBILE and DISH would merge hurting VZ's business.

Fire-Eye (FEYE) has been under steady accumulation since April 7.  Please note the eight Leibovit Positive VR signals and only one valid Leibovit Negative VR signal (on April 17 tied to a declining 5/3/3/ stochastic). The Leibovit Negative VR  May 12 was negated by a rising 5/3/3/ stochastic. FEYE along with CUDA and PANW have been rallying on the Chinese cybersecurity breach that actually occurred in December and which we only told about this week.  Another government coverup?  Obama's administration is expert at these coverups, aren't they?  But, the big issue is that we're at war with China. Too bad for Walmart if this accelerates. Maybe that's why Walmart has been declining.


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