The short-covering move higher to start the week marked the best start to a 4th quarter since 1938. The move may have been fueled by short covering and the extreme oversold (on steroid) conditions that we’ve been pointing out.
Read MoreGood Thursday morning all. I’ll be on with our great friend Wayne Allyn Root tonight on the Wayne Root Show at 8:30 PM EST. Listen in on USARadio.com or via Wayne’s site; RootForAmerica.com. We’ll be talking about this (bear) market and the soon to be extreme oversold conditions…
Read MoreGood Thursday morning all. Following last Friday's jobs report the markets moved sharply higher, only to give up all of its gains and then close lower by 1% across the board on concerns that Russia would cut off European gas supplies (which happened).
Read MoreGood Thursday afternoon all. The Fed minutes from the July meeting are out and, surprise surprise, they show a Fed with multiple members expressing concerns about tightening rates too much. Good. That means they are actually following the data,
Read MoreGood Thursday morning all, Q2 GDP — Recession in the US Second quarter GDP just came in at a negative .9%, meaning back to back negative quarters and the technical definition of a recession. First, I owe Wayne Root a Las Vegas dinner.
Read MoreGood Friday morning all. Another big market comeback yesterday, featuring a Dow Jones that rallied from -350 to close +162, led once again by Nasdaq (+1.4%) and Semis (1.7%) and our new repeating pattern of MUCH better internals. This bear market rally looks and feels like it has the potential to be the first big one that we’ve had to date.
Read MoreGood Thursday afternoon all. Yesterday's recovery move higher, on the backs of that horrendous CPI report, was intriguing. Yes, each index finished lower but “well” off of their lows as the semis actually finished up nearly 1% with internals that were only slightly negative.
Read MoreGood Thursday morning all. Tuesdays afternoon comeback was impressive (coming off of a near no-bid open…real fear) led by Nasdaq’s 400 point swing higher, and we got a glimpse of that yesterday as the Dow went from -150 to +220 in less than an hour, marking back-to-back afternoon reversals higher.
Read MoreGood Friday morning all. It’s been a solid week for the markets, one that we believe is setting the stage for a strong move into end of month and possibly a mirror image of the first half of 2022. The economy is slowing, inflation is peaking, yields are topping and investors are too bearish.
Read MoreGood Friday afternoon all. Before we get to the markets, which has both a crash scenario along with some of their most oversold levels we’ve ever seen, we’re beginning this morning with “Team Lockstep”. Here’s todays VRA VidCast covering this topic:
Read MoreGood Thursday afternoon all. There’s been a repeating pattern over the last 18 months that’s been as reliable as clockwork; once the broad market indexes hit extreme overbought on our VRA short-term momentum oscillators (stochastics) the markets then reverse lower.
Read MoreGood Thursday morning all. Yesterdays action at the open was solid, only to be met by a warning from JP Morgan CEO Jamie Dimon that the US economy was potentially facing a “hurricane” going forward. When Dimon speaks investors listen and the big open turned into big losses by midday.
Read MoreGood Thursday morning all. Right at 3 months ago we began our planning for the Biden bear market and issuing our VRA Strategy Updates. We sold our VRA leveraged ETF holdings that focused on tech by selling TQQQ (3 x Nasdaq 100 ETF) and selling SOXL (3 x Semi ETF).
Read MoreGood Thursday morning all. Multiple bases to cover this AM. Yesterdays disastrous trading (on the backs of Target/Walmart/Wall Street waking up to the fact that inflation is at least as high as it was some 40 years ago), had the feeling of a weight so heavy that we couldn’t even have a single mini-rally…
Read MoreGood Thursday morning all. Quick note: we’re getting an increasing number of emails alerting us to the fact that you aren’t getting our VRA Letters and VRA Podcast Alerts. You know the drill; censorship comes in many forms. As always, please check your spam folder. Obviously, alert us.
Read MoreGood Thursday morning all. As Tyler covered in detail on yesterdays VRA Investing Podcast (sign up for alerts @ vrainsider.com/podcast), something interesting could be brewing to restore our (short term) faith in the markets. Even as Nasdaq (-1.2%), on the back of the Netflix implosion was hit yesterday the internals actually showed improvement.
Read MoreGood Thursday morning all. Don’t Forget: The markets are closed tomorrow for Good Friday. Two big developments: last night the AAII Investor Sentiment Survey came in at just 15.8% bulls, one of the 5–6 lowest readings on record. I’ve voted in this survey since the late 1980’s and yes, I voted bearish for this weeks survey.
Read MoreGood Thursday morning all. We just put out a VRA Alert to our member’s that we wanted to share here. Is The Gold, Silver and Miner Massive Bull Market of 2003–2011 About to Repeat? To understand why gold/silver may double over the next 3–5 yrs, with the miners jumping 300% to 500% in price,
Read MoreGood Thursday morning all. As we start trading today the VRA Portfolio is up 17.6% in 2022. That compares to losses of 10-14% in our broad markets. Folks, this feels like on of those years for our stocks. I remember this feeling, similar to the years we’ve put up 100-200% + net gains.
Read MoreGood Friday morning all.
While everyone was panicking yesterday morning, we were buyers. We never forget the people in our lives that made the biggest impressions. Professionally, that’s my first mentor Ted Parsons (RIP Ted). Ted’s mentor worked on Wall Street during the crash….
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"Kip's VRA financial newsletter is a MUST read for every saavy investor in this country. Disregard it at your own peril. His mantra is my mantra. Kip Herriage's newsletter is my financial Bible."
--Wayne Allyn Root
2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"
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