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: 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: The Bear Market Rally We've Been Waiting For. Welcome to Unlimited QE.

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VRA Investment Update: The Bear Market Rally We've Been Waiting For. Welcome to Unlimited QE.

Good Friday morning all. Another big market comeback yesterday, featuring a Dow Jones that rallied from -350 to close +162, led once again by Nasdaq (+1.4%) and Semis (1.7%) and our new repeating pattern of MUCH better internals. This bear market rally looks and feels like it has the potential to be the first big one that we’ve had to date.

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VRA Investment Update: Q2; JP Morgan Misses, Taiwan Semi Beats. Team Lockstep. "Quite Frankly" Interview.

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Good Thursday afternoon all. Yesterday's recovery move higher, on the backs of that horrendous CPI report, was intriguing. Yes, each index finished lower but “well” off of their lows as the semis actually finished up nearly 1% with internals that were only slightly negative.

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VRA Investment Update: Solid Week That Should Lead to a Powerful Short-Squeeze. Everything is So Bearish That We Must Be Bullish.

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VRA Investment Update: Solid Week That Should Lead to a Powerful Short-Squeeze. Everything is So Bearish That We Must Be Bullish.

Good 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.

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