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Timer Digest named Mark Leibovit the "Number One Market Timer for the 10-year period ending in 2007." For the 10 years ending 2009, he was #2 intermediate Market Timer.
He is also their #1 Gold Market timer for 2011.
STOCKS - ACTION ALERT - BULL
The Dow Transports yesterday and the Dow Jones Industrials on Friday have not only broken out above their December 5 highs, but have also broken out above their October 27 highs yesterday as well.
The S&P 500 has cleared the key December 7 high o 1267 (touching 1269.37), but is way shy of its October 27 high (1292) - considerably lagging the Dow Transports and the Dow Industrials. On the negative side, the S&P 400 Midcap and the Russell 2000 are way behind and have not cleared any of the aforementioned highs. Volume was light yesterday as indexes entered their fifth consecutive up day. The market is also a tad overbought. VRtrader Platinum subscribers took profits yesterday with the gameplan of repurchasing after a 10 to 20 point pullback in the S&P 500. Upside potential is still into the 1297 to 1347 range, but I'm unsure if we will see this now or sometime during the first quarter of 2012. My overall bias is for a higher market during 2012, particularly with respect to political considerations. That said, we cannot rule out some serious indigestion along the way. I will continue to assume that this is not an investor's market, only a trader's market, until evidence points more clearly to the positive.
GOLD - ACTION ALERT - NEUTRAL
Rather than flashing a SELL signal for gold and silver, I've elected to sit with a NEUTRAL signal. That said, the burden of proof is clearly on the bulls, especially with the U.S. Dollar Index showing renewed life. Gold will need to clear 1642.70 on volume and then 1655 on volume to reinstate a short-term bull trend. Silver needs to clear 30.33, 33.81 and 35.78 to reinstate its uptrend. I am still impressed by current bearish sentiment and the double-bottom that was formed in the mid 1500s and the successful retest of the 26.00 low in silver when it recently traded at 28.01, but volume patterns have yet to turn positive. It is also clear that the 'powers that be' which includes all of Wall Street and Central Bankers worldwide are working hard to discredit gold and silver to avoid embarrassment for their own misdeeds and skullduggery. Though I am long-term bull (nearly 10 years), the bear cycle which began off the April high in silver and the September high in gold is still the predominant near-term technical reality.
BONDS - ACTION ALERT - NEUTRAL
I remain NEUTRAL on U.S. Treasury bonds, but are short-term toppy here as stocks rally and the 'risk-on' trade is back on. When and if we get a nice 2012 rally in equities, I presume bonds will be forgotten and a significant correction will unfold. Short-term, if the current rally in equities fizzle in January, bonds will again find buyers.
About Mark Leibovit
From Yale Hirsch:
My 1987 Stock Trader's Almanac was dedicated to THE NEW PROGNOSTICATORS.
Mark Leibovit was one of them. I evidently had insight as Timer Digest named Mark the
"Number One Market Timer for the 10-year period ending in 2007."
For the 10 years ending 2009, he was #2 intermediate Market Timer.
He is also their #1 Gold Market timer for 2011.
This book should be REQUIRED READING for anyone who trades.
The above is just a portion of Mark'sVRTrader. Much more analysis contained every day in To subscribe just send an email to
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