VRA Investment Update: Shades of 12/2018. End The Fed. Stock Traders Almanac; Seasonally Bullish.

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VRA Investment Update: Shades of 12/2018. End The Fed. Stock Traders Almanac; Seasonally Bullish.

J Powell came heavy Wednesday, raising rates as expected by .50%, but hawkish without question, targeting a peak rate of 5.1%. While the Fed broadly likes what they see regarding inflationary trends, their big concern is employment, specifically wage pressure/inflation. This is what has the equity markets concerned…will the Fed break something again…this time the jobs market.

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VRA Investment Update: Preparing for A Sharp Move Higher. Why the 200 Day Moving Average Matters So Much

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VRA Investment Update: Preparing for A Sharp Move Higher. Why the 200 Day Moving Average Matters So Much

Good Thursday afternoon all. The markets look to be setting up for a catapult move higher into year end.  The technicals are forming around the 200 dma (after a near parabolic move higher post the 10/13 capitulation into heavily overbought readings), in what looks to me to be a classic consolidation pattern in advance of both the santa claus rally and January effect bullish time frames.

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

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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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