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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 […]
VRA Letter: Semis Leading; Textbook Bull Market Action. NVDA, TSLA, SMR. Latest From Rich Ross. Vista Gold Zoom.
Good Wednesday morning. Another strong day yesterday, especially in the indexes and sectors that matter most (semis & tech). Below in this relative strength chart we see that from (exactly) the markets lows of 4/7, the semis (SMH) have led the market higher (S&P 500). This is textbook bull market action. From the birth of QE (2008/2009), […]