A Test of Market Highs Likely Ahead….

Posted by Mark Leibovit - VR Trader

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……..But ‘Sell May And Go Away’ Risks Still Exist!

AS JULY TENDS TO BE SKEWED HISTORICALLY POSITIVE. AND, WE HAVE NOW MANAGED TO CLOSE ABOVE THAT WIDELY FOLLOWED 50 DAY MOVING AVERAGE. HOW FAR AND HOW HIGH IS THE BIG QUESTION NOW, AS WE’RE STILL IN A THEORETICAL CHOPPY PERIOD (REMEMBER, ‘SELL MAY AND GO AWAY!). HAVE TO TAKE IT A DAY OR WEEK AT A TIME. NEW HIGHS? VERY POSSIBLE, BUT THAT DOES NOT PRECLUDE ANOTHER SELL-OFF LATER. TRYING TO RIDE THE WAVE IN THE MEANTIME.

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 About Mark Leibovit

Mark Leibovit, CIMA, is Chief Market Strategist for VRTrader.Com. His technical expertise is in overall market timing and stock selection based upon his proprietary VOLUME REVERSAL ™ methodology and Annual Forecast Model.

He began his, thus far, 35 year career in the financial industry as a market maker on the Chicago Board Options Exchange where he made a market in such issues as Newmont Mining and later continuing on to serve as Director of Research at Rodman and Renshaw. He is both a Certified Investment Management Analyst (CIMA) and Accredited Investment Fiduciary (AIF) and is also a member of the Market Technicians Association (MTA) and the CFA Institute. Mr. Leibovit’s extensive media profile includes seven years as a consultant ‘Elf’ on Louis Rukeyser’s WALL STREET WEEK television program and over thirty years as a ‘Market Monitor’ guest for PBS’ THE NIGHTLY BUSINESS REPORT. His specialty is Volume Analysis and his proprietary Leibovit Volume Reversal Indicator is well known for forecasting accurate signals of trend direction and reversals in the equity, metals and futures markets. His comprehensive study on Volume Analysis , ‘The Traders Book of Volume’ was recently released by McGraw-Hill. Mr. Leibovit is currently Timer Digest’s #2 Gold Market Timer for 2011 and has also been named the #1 Gold Market Timer for the 5 year period ending in 2010. And, he was named the #1 Intermediate Market Timer for the 10-year period ending in 2007.

Past performance does not guarantee future results.