VRA Weekly Update: The Bottoming Process. VRA Investing System Remains 10 of 12 Screens Bullish.
/Good Thursday morning all. Dow Jones -825 as I write. Classic signs of the bottoming process continue. Remember, as the news of the “corona-Bernie-Get Trump virus” appears to only get worse, markets will only move higher. Tyler covered the specifics of exactly this in our podcast yesterday (vrainsider.com/podcast). Two steps forward, one step back. Rinse and repeat. During the bottoming and reversal process, buying lower opens might just be the best trades of my 35 career. Panic selling with blood in the streets.
Here’s my video from Tuesday night, as Biden was gaining steam…the BernieVaccine may have just been FDA fast tracked.
And here’s an interesting chart from Twitter friend Tom McLellen last night. As you can see, he’s picked up our theme that this decline was very much about Bernie (from my recent vid).
Yesterdays +1173 move higher in the Dow was pitch perfect. Our leaders? Surprise surprise, the same leadership groups from the 12/14/18 capitulation lows; Semi’s and Housing, both up close to 5% yesterday. Both test 200 dma and both well back above these important levels. Maybe most importantly? #NOT RECESSIONARY
This happened on Monday too. Even as the Dow was up 1000+ points both days, check out yesterdays put call ratio. Crazy elevated all day…closing at a rather remarkable 1.25. The smart money has this event at the top of their list.
You know our views on the MSM. Never in my lifetime have we seen worse propaganda fear mongering than today. And so many buy into the crazy. Today, the bond gurus are losing their shit over Fed rate cuts. Armageddon, don’t ya know. Here, we’ve been forecasting a 1% 10 year for close to 2 years..calling for aggressive Fed rate cuts. It’s just gravity and supply and demand…and it will continue.
PM’S and miners are acting just as they should. Signaling reflationary buying. Gold is up a big $14 this morning. Keep buying VRA Portfolio mining stocks. Keep buying “physical” PM’s.
Finally, for this morning, we are opening Parabolic Options #10 for the final 2 months of the program. If you would like more details please email us at support@vrainsider.com. Here is every closed trade for Parabolic going back to last June (Parabolic 8, 9 and 10). Net gains of 1533%.
Total: Net profits of +1533% (Net gains/losses on all closed positions), or +52.8% profit per trade with a +72% success rate (average holding period of 12 days).
Until next time, thanks again for reading…
Kip
Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 15/17 years.
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