VRA Investment Update: Overbought Conditions Wearing Off. Year of the Bull Market. The One Group That MUST Be Owned.

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VRA Investment Update: Overbought Conditions Wearing Off. Year of the Bull Market. The One Group That MUST Be Owned.

Over the last 3 trading sessions the Dow Jones has lost close to 1300 points, giving up its gains to date for 2023. If our read is right on the markets for this year, this is about the time when we should begin to see reversal action higher. Headed into last Friday the rubber band simply stretched too far…we hit extreme overbought…as the move higher from the 10/13/22 capitulation lows took the markets to extended readings.

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VRA Investment Update: From the 10/13 Capitulation Lows and Birth of a New Bull Market to 'Overbought". Repeating Pattern Buy Signals.

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VRA Investment Update: From the 10/13 Capitulation Lows and Birth of a New Bull Market to 'Overbought". Repeating Pattern Buy Signals.

Good Friday morning all. From the 10/13/22 capitulation lows we’ve been witness to a textbook “new bull market”. It’s only just the beginning of a new bull market…one that should last years…just know that we have hit heavily overbought readings on the VRA Investing System (more on this later):

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VRA Investment Update: Jobs Beat, Markets Like It. Inversions Predicting Fed Pivot. US Consumer Strong. Housing Boom Still Ahead. The Clinton Pivot?

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VRA Investment Update: Jobs Beat, Markets Like It. Inversions Predicting Fed Pivot. US Consumer Strong. Housing Boom Still Ahead. The Clinton Pivot?

Following yesterday’s hot ADP jobs report we just learned that 223,000 jobs were created in the month of December, beating estimates in the 203,000 range, with the official unemployment rate falling to 3.5% from last months 3.7% (as more people enter the labor force and the Labor Force Participation Rate falls).  

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