Wednesday, August 12, 2015

Mark Leibovit Video Tutorial For Yum - August 12, 2015


From the Desk of Top Market Timer, Mark Leibovit

LEIBOVIT VR TUTORIAL FOR YUM ON METASTOCK - AUGUST 12, 2015

Seven Leibovit Negative Volume Reversals (VRs) have been formed in YUM BRANDS (YUM) since late June defining a clear and profitable downtrend. Yum Brands, the owner of the KFC and Taco Bell chains, was among the biggest decliners in the S&P 500 on Tuesday.  The fast-food company gets more than half of its sales from China. The company said last month that it was expecting a strong second-half of the year in China. Yum fell $4.28, or 4.9 percent, to $83.54.

A Leibovit Negative VR  accompanied by a declining 5/3/3 stochastic provided traders with a great opportunity to profit ahead of the announcement that China had devalued the Yuan by 2%.





Happy Trading, 

Jeff Gibby

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