Mark Leibovit  – STOCKS – ACTION ALERT – SELL (Looking to Buy In A Month or Two)

What’s interesting is that the year to date has been the best start in stock indices since 1998 according to Dow Jones Newswires. As of the close today this is the 45th consecutive day without a triple digit decline. A canary in the coal mine? Today is ‘Turnaround Tuesday’, so with markets down a bit yesterday perhaps we can stage a rally today. But wait! Tomorrow is ‘Weird Wollie Wednesday’ and often either tomorrow or Thursday, according to the lore, there should be a shakeout ahead of a week from Friday’s Options Expiration. Is all of this just noise? Well, maybe not. We’re approaching that time of year when the markets often experience some form of indigestion. Yesterday, though the volume was NOT excessive, nevertheless we did volume increase to the downside. Benjamin Netanyahu spoke last night (covered sole on Fox News) before the American Israel Public Affairs Committee (AIPAC) and warned that time is running out for Iran. Folks, brace yourself. Sometime before now and the end of May, we’re likely to see a full scale confrontation unfold as the Mayans watch from the heavens. Would this be a good time to be in the marketplace? Markets don’t like uncertainty. I think the answer is no. The 50 and 200 day moving averages in the S&P 500 current sit at roughly 1323 and 1270. These are the next two potential downside targets if the S&P 500 cannot post a new high between now and the first of April. Apple, Inc. took a bit of a nosedive today. If Apple can’t rally (and it was about the only big stock doing so), the writing may be on the wall. Think about it. I can’t imagine one mutual fund, one institution, one endowment or one growth portfolio not owning Apple. Everyone now owns it, but where are the buyers should these folks decide to sell? I have avoided Apple because it is technically way, way too, extended and would only arouse my interest if it sold off back into the low to mid 400s – maybe lower. I’ve changed my mind. Time to flip to a SELL signal. Let’s see where the market is come the beginning of April or even perhaps the end of May. If the market rallies a bit higher first and you decide not to sell here, I would use that strength to lighten up. Now is a time to step aside and watch from the sidelines. I still believe there could be another big rally, but let’s revisit this market in a month or two. I am going to cash! – Mark Leibovit – for a VRTrader TRIAL SIGNUP go HERE

Four Cycle Turns Warn of a Stock Market Top in March 2012

There is a lot of cycle evidence that suggests a top is coming in March 2012. How significant a top is hard to say, but the odds are the coming decline will be at least in the 10 percent area. If this coming top is the top of Grand Supercycle degree wave {III}, then stocks will begin a decline that could retrace 50 percent or more of the market over the next several years, with large chunks of decline occurring incrementally, followed by normal 40 to 60 percent retracements as stocks work toward significantly lower levels. This weekend we will present this cycle evidence, which we believe is compelling.

First of all, the last phi mate turn date was in December, which led to a two month rally of significance. It was a major phi mate turn. March 7th is the next phi mate date, and the only phi mate turn date since that December turn. It also is a major phi mate turn, meaning its phi mate, its partner date, was also a major turn.

….read & view more charts HERE