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: 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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