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VRA Letter: Overbought Pause? Why We Own Inflationary Assets. Japan & Black Swan Risks. Gold & Gold Miners on the Move. Rich Ross; NVDA, TSLA. GameStop.
Good Wednesday morning. As overbought as the market may be, with the amount of institutional money being forced to play catch-up we continue see dips as being short-lived. The biggest issue short term is overconfidence in the options market, as the put/call ratio continues in the mid-high 60’s, as seen below from yesterdays trading. Excessive […]
VRA Letter: Retail Investors & Textbook Bull Market Action. Rich Ross on “Making Money; NVDA, TSLA. ECB Warns of an Epic Short Squeeze in Gold. Xtract
Good Tuesday morning. In yesterday’s Letter we explained why Moody’s downgrade of US debt would be a non-event (short-medium term) for the market and another buying opportunity, but even we were surprised by how minor the pause was. The markets came roaring back from 1% to 1.5% losses to close higher across the board. Textbook bull […]
VRA Letter: The US Loses its Last AAA Rating. The Reality of the Downgrade. Sector Focus; Gold & Gold Miners
Good Monday morning. After the close on Friday Moodys downgraded US debt, meaning that the US has now lost its AAA credit rating from each of the three major rating services. Does this matter? First, this was not a surprise as Moodys telegraphed this move months ago. In the short to medium term, it matters little. Futures are […]
VRA Letter: Textbook Bull Market Action. Pre-tariff Investor Mindset Returns. Prepare for (much) Lower Rates. Quick Hitters. Fox Business.
Good Friday morning. Another repeating pattern day yesterday, as a lower open was once again met with strong mid-day buying. As short-term overbought as we may be, the market doesn’t seem to care. Textbook bull market action continues. The train looks to have left the station and it likely won’t stop until we hit ATHs […]
VRA Letter: “Making Money” @ 2pm est. ST Overbought with Another “Breadth Thrust” Buy Signal. FIFO. News: Snowline Gold, Xtract One, Galaxy Dig, Lost
Good Thursday morning. Heads up: I'll be on Fox Business “Making Money” with the excellent Charles Payne in the 2PM EST hour. Hope you can join us! We have a lot to get to this morning…breaking news on several VRA holdings…but first, the market. Market Update The VRA System sits at 8/12 screens bullish, a full-on buy […]