Vertical Research Advisory
Newsletter

VRA Letter: Update from the Road. Market Internals Solid. Golds Move Just Getting Started.

Good Tuesday morning. As those that know me well can attest, one of my least favorite things is being away from home base during the trading week.  By watching the markets closely, daily, you develop a feel for the markets. Long ...

Posted On April 09, 20243 MIN Read
Share:
vra-default-img

Good Tuesday morning. As those that know me well can attest, one of my least favorite things is being away from home base during the trading week. 
By watching the markets closely, daily, you develop a feel for the markets. Long time traders will know what I’m talking about. 

So, whenever I’m on the road for a few days, there are basic indicators that we check…from the VRA Investing System…that keep us focused on what matters most. 

Here’s one of those key indicators. Below are today’s market internals. This snapshot was taken with the Dow -200 points and Nasdaq -75. 

What we see below are solid positives across the board, from advance/decline, to 52 week high/lows, to up/down volume. 

If you’re bearish, these readings are exactly the opposite of what you want to see…certainly with the markets showing some weakness.  

  

Gold continues to hit fresh ATH’s. Last $2365/oz. Seems that everyone is trying to find reasons for this move, so I’ll keep it simple. 

Gold is...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

May 20, 2024
verage Gain of 97.49% From Bear Market Lows. VRA Investing System; Strategy Update. Breaking Out; Miners, Energy, China Tech. Tesla.

Good Monday morning. From the end of the bear market on 10/13/22, capitulation lows that we called on the day... VRA Portfolio gains from the 10/13/22 lows: - Total portfolio gain: 2144.75% - Average Gain Per Position 97.49% Complacency is the enemy of winning…we’re staying locked in.  This continues to be the best investing/trading market […]

May 17, 2024
VRA Letter: Dow Jones Hits 40K. VRA Investing System Analysis. Here Comes NVDA. Latest From Bryan Rich. VRA Quick Hitters; Trump, Miners, BTC.

Good Friday morning. Outside of the Dow Jones hitting 40K for the first time, yesterday was a quiet day, coming off of Wednesdays ATH’s in each major index. Only the Russell 2000…not considered to be a major index by most…still sits 14% below its ATH from November 2021. And yes, we’re hitting extreme overbought levels […]

May 16, 2024
VRA Letter: Fox Biz. VRA Quick Hitters; Don’t Fight the Tape/Fed. Set-up into NVDA Earnings Next Week. Our Proactive Approach. Miners Breaking Out. Bitcoin and Vanguard.

Good Thursday morning. It’s always great being on with Charles Payne. There aren’t many smart-money “talking heads”, but Charles is one of them. The reality is that the vast majority of media personalities know that “fear sells” so they pander to worst-case scenarios, regardless of what the data and markets are telling us. This is […]

May 15, 2024
VRA Letter: April CPI; Lowest Inflation in >3 Years. Direct Evidence; Markets Discounting Falling Inflation & Rates. Pounding the Table on PM’s/Miners

Good Wednesday morning. Heads up: I’m scheduled to be on Fox Business with the always locked-in Charles Payne and his excellent show "Making Money” in the 2 PM EST hour. Hope you can join us! Following yesterdays tame PPI, featuring a sharp downward revision in the March PPI from 0.2% to –0.1% the markets responded with a […]

May 14, 2024
VRA Letter: Tame PPI Sets the Stage for Tomorrows CPI. Interest Rate Sensitives Point to Lower Rates. Must Own; Precious Metals/Miners. Meme Stock Craze, Again. Latest from Uber-Bull Rich Ross.

Good Tuesday morning. As we covered yesterday it’s a big week for the inflation narrative. This morning we learned that the PPI came in a bit hot, even as it matched y/y estimates of 2.2% inflation, the monthly read of PPI (ex food and energy) came in at .5% vs estimates of .3%. Importantly…and this […]