VRA Investment Update: Textbook Early Bull Market Action. Looking for 25% Move Higher

Good Thursday morning all. Not only was yesterday's huge move higher in stocks a textbook display of a new bull market (with semis up 5%, nasdaq +4%, leading the way higher), but we saw it in the internals as well with an 88% upside volume day for NYSE and near 7:1 advance/decline. No one was buying J Powells hawkish comments…the markets know what’s coming next (rate cuts).

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VRA Investment Update: Is This The Pivot?

VRA Investment Update: Is This The Pivot?

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.

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