Monday, December 7, 2015

LEIBOVIT VOLUME REVERSAL TUTORIAL ON METASTOCK FOR UUP AND SGOL - DEC 7 2015

From the desk of Mark Leibovit,

A Positive Leibovit Volume Reversal on November 3 in SGOL - the ETFS PHYSICAL SWISS GOLD ETF (Daily chart) combined with a rising 5/3/3 stochastic set the stage for Friday's big rally that posted a second day of increasing volume. SGOL. The downside gap of 107.75 formed back on November 16 should now be filled. SGOL closed at 106.05. Of course, it could go further than that, perhaps up the 50 day moving average which now stands at 109.29.   On the weekly chart, SGOL posted an upside 'Key Reversal' pattern, but unfortunately not on increasing volume. Still, the pattern is bullish.

A Negative Leibovit Volume Reversal was formed in UUP  in the Daily chart (Powershares U.S. Dollar Index) on November 3 accompanied by a declining 5/3/3 stochastic.  Though UUP held its 50 day moving average for this go-around, it appears the trend has now turned lower in the U.S. Dollar confirmed by the 'Key Reversal' on increasing volume in the Weekly chart.

All are shown in the accompanying video.



Happy Trading!

These products are not a recommendation to buy or sell, but rather a guideline to interpreting the specified analysis methods. Only investors who are aware of the risks inherent in securities trading should use this information. MetaStock in no way endorses the products and services advertised and accept no liability whatsoever for any loss arising from any use of these products or their contents.
Post a Comment