From the desk of top market timer Mark Leibovit:
Eight Negative Leibovit Volume Reversals (VRs) (tm) posted beginning on June 24 clearly signaled distribution in the marketplace. Declining peaks since June 24 also helped confirm the pattern. Please note that in all but one instance a declining 5/3/3/ stochastic confirmed this pattern. Here in this video we are looking at first the daily chart of the DIA and then peruse the weekly chart which provided further downside confirmation. The DIA has been trading under both its 50 and 200 day moving averages since August 3 and is now in free fall. In the weekly chart, the 200 week moving average is the next line of defense and it currently stands at 15,400 in the DJ. Bears are rejoicing and now being vindicated but that is not surprising as warnings for a big correction and/or bear cycle began with a negative 'January Barometer' eight months ago.
View the training video here:
MetaStock Business Development
Monday, August 24, 2015
Wednesday, 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%.