Good Thursday morning. Heads up; I’ll be on Wayne Allyn Roots new hit show on Frank Speech (Frank Network) tonight at 7:30 PM EST. Wayne, as many/most reading this know...
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 morning all. From the 10/13 capitulation lows it’s been our view that the equity markets have bottomed and that rates, the US dollar and inflation have all peaked. The action in semis/tech and housing have solidified our views. When the most important market/economic elements of the VRA Investing System… are leading the markets higher…
Read MoreGood 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 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 afternoon all. There’s been a repeating pattern over the last 18 months that’s been as reliable as clockwork; once the broad market indexes hit extreme overbought on our VRA short-term momentum oscillators (stochastics) the markets then reverse lower.
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. Right at 3 months ago we began our planning for the Biden bear market and issuing our VRA Strategy Updates. We sold our VRA leveraged ETF holdings that focused on tech by selling TQQQ (3 x Nasdaq 100 ETF) and selling SOXL (3 x Semi ETF).
Read MoreGood Thursday morning all. A big about-face in the markets yesterday, as another weak smart money hour brought steady selling pressures, with each index finishing right at their lows of the day. Nasdaq has now fallen into correction territory, down 10.7%
Read MoreGood Thursday morning all. After a solid open, following the worst inflation data in the US in almost 40 years, the markets traded listlessly throughout the rest of the day but importantly, the internals do continue to show improvement.It’s not the news that matters most, it’s the markets reaction to that news.
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. 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. 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. 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. 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 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.
Read MoreGood Thursday morning all. Quite the mid-day reversal yesterday, immediately following the Coinbase IPO. Coinbase, which we will own in the VRA Portfolio at some point soon, debuted by popping to $429/share (priced at $250), giving it a first day market cap of $100 billion,
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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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