Good 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. Rather ugly day yesterday with a sell-off throughout the smart money hour into the close. And it was the 3rd day in a row with negative A/D for NYSE. It’s been a couple months since we’ve seen that. Weak internals across the board; 2:1 losses in both A/D and volume.
Read MoreGood Thursday morning all. Yesterdays trading…actually the last 2 days of trading…have served as an important reminder that until we break the pattern of market sell-offs/pauses that’s been in place from March (once reaching extreme OB on VRA System momentum oscillators), we must continue to respect this pattern.
Read MoreGood Thursday morning all. Yesterday brought massive intraday reversals higher, with the Dow Jones gaining 560 points off the lows to finish +102. Seeing follow through this AM with Dow futures + 280. Real fear started coming into the market yesterday morning. Music to a contrarians ears.
Read MoreGood Thursday morning all. It has been a mixed week for our markets as higher interest rates and our leadership tech/growth stocks tend not to be besties. As we are wrapping up the worst 30 day period for the markets but also as we prepare to enter the best 7 months for the markets (October- May, going back some 70 years) …
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. Not only was yesterday a big up day across the board, with gains of 1% to 1.5% in each of our broad market indexes (small caps led the way, +1.51%. Importantly we had confirmation from the internals, namely in NYSE up-volume,
Read MoreGood Friday morning all. Some interesting data here; for the last 6 months the markets have sold off into today’s options expiration, with those Friday lows marking THE lows into months end. And here’s MORE bullishly compelling data from our investor sentiment surveys.
Read MoreGood Thursday morning all. As we welcome new VRA Members it’s important that we’re all on the same page. That means understanding the VRA Investing System, ensuring that we are positioned to crush Mr. Market. As we begin trading today, the VRA System sits at 9/12 Screens Bullish.
Read MoreGood Thursday morning all. Yesterday marked the 51st record close in S&P 500 this year and another ATH in Nasdaq, as it holds above the 15,000 plateau. And our internals put up another positive day…that’s 4 in a row, which hasn’t happened in several weeks.
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. As we have covered in previous updates, as bad as J Powells track record is (once his pressers begin the markets immediately start to tank), JP actually scored a win yesterday. When he began speaking the Dow was -309 and Nasdaq -104, but by the close the Dow was -265…
Read MoreGood Friday morning all. Yesterday's trading brought fresh ATH in the S&P 500 with the Dow and Russell 2000 less than 1% from ATH and Nasdaq starting this AM at 1.3% from ATH. And while yesterday's internals were nothing to write home about (meme wars), we continue to like what we see as the semis
Read MoreGood Thursday morning all. This feels as much like a goldilocks market as I can remember. You know the reasons we’re bullish…the reasons we’ve been aggressively bullish for the last 14 months…but its primarily about two issues. These are the most important two issues of any bull or bear market;
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”.
Read MoreGood Thursday morning and welcome to the first trading week of May. As we have covered in these pages each year, from 2003 on, May to October are the markets worst 6 months of the year with >90% of all stock market gains occurring from November to April.
Read MoreGood Friday morning all. Following a solid intraday reversal higher into the close that sent multiple indexes and sectors to ATH (including SPX, Nasdaq, Housing and Transports) the Dow Jones is giving back 2/3’s of yesterday's gains this AM. Earnings continue to destroy their comps of Q1 2020.
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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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