Good Thursday morning all. A major investing theme, as taught to me in my 20’s by both of my mentors (Ted Parsons and Mike Metz, RIP gentlemen) goes like this;
Read MoreAs our markets complete their overbought “pause”, we believe seasonality is playing a major role as the second half of February is historically weak. It’s actually one of the worst two weeks periods of the year.
But soon, our overbought sell-off will be behind us. Based on VRA System readings, by weeks end we should be hitting oversold levels that typically mark reversals higher, especially near the birth of new bull markets.
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.
Read MoreGood Friday morning all. After Wednesday’s 2–3% ramp higher (S&P 500, Nasdaq, R2K) it sure felt like the lows were in as we had a 90% up-volume day in NYSE with 7:1 advance/decline and as S&P 500 put in an outside day (technical buy signal).
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, 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. 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 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. 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….
Read MoreGood Thursday morning all. Back to back excellent days, with strong smart money hours and market internals to match. In addition, tech/semis are leading the way, with seasonally bullish small caps charging higher. If you’re a market timer, these are the short term, heavily bullish signals you look for.
Read MoreGood Friday morning all and hope everyone in the states had a great Thanksgiving. Half day of trading in the US today. We went to bed last night with Dow futures -300 on fears of a new CV variant out of South Africa (uh-huh) and we woke up to losses of -800.
Read MoreGood Thursday morning all.
Following yesterday's ramp higher US markets (DJ, SPX) are sporting gains of 40% from their 3/23 lows, with internals that continue to point to strength but also with our markets hitting extreme overbought.
Read MoreGood Thursday morning all. Another poor jobs report (ADP) took the Dow down 323 points yesterday. Like the Obama economy, we should get used to reports like this. Soon, and take this to the bank, they’ll be manipulated to start looking better, with part time…
Read MoreGood Thursday morning all. Excellent day in the Dow Jones yesterday (+210…we love both the Dow and R2K charts here) but slow summer-like day elsewhere. ATH’s once again in S&P 500 and we’ve now had back-to-back-to-back days with ATH’s in the semis as SMH put up a bit of a furious rally…
Read MoreGood Thursday morning all. Yesterday may have been a quiet day on the surface, but like ducks on the water it was a much different story below the water line. We’ve just had back to back days with fresh ATH’s in Nasdaq and Q’s (Nasdaq 100), the semis led the way higher (they’ll hit ATH’s soon),
Read MoreGood Thursday morning all. China’s warnings about “unreasonable commodity price rises” and their latest verbal attacks against crypto’s/Bitcoin resulted in an “everything must go” sell-off yesterday morning. From stocks, bonds, commodities to cryptos,
Read MoreGood Thursday morning all. Another “must watch” monthly economic report was out yesterday as the April CPI came in hot at 0.8% vs consensus estimate of 0.2%. But let’s be real…like the April jobs report, none of these monthly reports are actually “must watch”.
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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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