Don’t look back because the market is closed. Good Thursday afternoon everyone. Kip Herriage here with the daily VRA Investing podcast. Hope you had a great day today. A lot talking about here. Let me start off by saying this will be a fun podcast. I think first of all, I’ll be on with Wayne Allen Root tonight on Real America’s Voice on his show the Root reaction in the 10pm Eastern Time hour. I hope you can join us.
Looking forward to congratulating Wayne publicly for all his great work and helping to get Trump elected. Not many people worked harder than Wayne did or were more effective in doing so. Of course, Trump also won Nevada, Wayne State. Wayne played a major role in that. He is Mr. Relentless. He’s also Mr. Maga.
So that’ll be, that’ll be fun. One of these days I’ll have to publish the thousands of pages of text that Wayne and I had back and forth over the years. We’ve had some amazing debates. We are so in agreement on so many things and on some of the other things we just don’t agree. But this is, this is, this is, it’s all high level stuff, you know, and it sharpens your iron. Sharpen sharpens iron, I believe. And he’s a very smart guy. He sees things I don’t see and vice versa, I think.
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And so looking forward to be on tonight. A lot of good things to talk about about the future and how bright it is. So I hope you enjoy us tonight. Also announcing today we launched it to the public Parabolic Options program. Number 21 is our ninth year of using Parabolic Options. And over the last three programs, which is we’ve one every four months. So over the last year, the last three programs we have gains of 900, I think it’s 934%. So you made 9.3 times your money in one year with Parabolic Options just following exactly what we recommend.
If you didn’t get that email, that means you’re not on our blog list or you’re not a VRE member or by some other means. But you can see it there on our blog@kipherage.my blog@kipherage.com and if you again reach out to us if you don’t have it and you have an interest, we’ll keep an open open until Saturday and then we’ll launch. We may have first trades tomorrow, most likely on Monday. I don’t like buying on Fridays, most likely our first trades on Monday. And there’s some great setups. There are some great Setups that are lurking here. If you join us on Tuesday, it’s in our letter and our podcast. We told you that the markets had reached extreme overvault levels.
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Again, we are in the Trump train, the Trump bull market. You know, we called a melt up bull market a month ago and as we expected front running of a Trump presidency. We got that right. We told you after he got elected the markets would roar. They did and it’s just overbought. This is healthy technical action. Know that we need the hot money, the weekends that bought in at the very end of this. That was Tuesday to exit and now that’s happening.
So some great looking setups here. And there are a couple of setups that have just been languishing again. One with the miners in gold. We spent a lot of time, time. We’ve made a lot of money in this group over the years. Okay, maybe there’s somebody in the country that’s made more money in this group than we have. I’d be surprised if that’s the case at least over the last 20 plus years since first recommending gold, silver, the miners in 2003. And we’ve never taken our recommendations off of gold and silver and that’s, that saved us.
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That’s done well investing in gold and silver instead of fiat currency, keeping your savings. The numbers are stunning, right? So but again, as a trading vehicle they’re also fantastic. And I will be sharing an updated chart in the morning about exactly what’s happened with gdx, the gold miner etf. Because folks, it is hitting now at this this morning. It hit the, the most perfect buy signal that we have on the VRA system. The it could not be more perfect, doesn’t mean it’s guaranteed trade. But these are very high probability trades. Extreme oversold on steroids, our most oversold designation, hitting exactly the 200 day moving average.
Just as the dollar is hitting extreme overbought on steroids. As rates are hitting extreme overbought on steroids. This is a great looking setup here for account because these are counter moves, right? The primary trend is what we love to invest in. That’s the primary trend. The counter as strong as the dollar’s been, it has gone parabolic. Look at a two, three year chart. That’s still a cat. We’re still in a bear market from two years ago.
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Again, if you look at one year chart you say kip, what are you talking about? But again, this is exactly what happened when Trump got elected in 2016. The dollar soared, gold got weak, the miners got weak. And then once Trump was elected, people realized Trump doesn’t want a strong dollar because Trump knows what that means for global trade. And so he then pounded the table for a low dollar. And that’s exactly what happened. The dollar got hammered in Trump’s first year in office and we just again, that’s what he wanted. And then we hit big bull markets in gold and the miners. So again we had some great setups to percolating here.
Also in the semis I share I wouldn’t cover this now since we’re on the topic the semis semiconductors. We shared this chart for our members this morning. I said I’d cover the podcast. Pull up that chart if you have this morning’s letter. If not, I’m gonna go through this fairly quickly. I’ve got to do an interview here in about an hour so I need to get ready for that interview. TV interview. But smh, the semi ETF went back.
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I shared a two year chart. Here’s bottom line. We are now hitting on the very system. This is now going to be the eighth time that this has happened in two years as the semis have led this move higher. So I was leading both directions. They’ve been weak of late and but they’ve, you know, again they soared over the last two years and they’ve been given some back for various reasons. Rumors that Trump’s going to get rid of the the CHIPS act. Chip and Science act.
He’s not. There’s been a specific weakness like super microcomputer. SMCI has been unbelievably weak since being added the SPF hundred. I don’t think there’s been a stock that’s done worse after it was added to the SPF 100. And there some other again individual stories but know this Nvidia reports earnings a week from yesterday. Okay. Next Wednesday. And we won’t have an AI boom without a semiconductor boom.
So these trades get very crowded and then they’re dangerous to be in and then they shake out. The weekends disappear like they have with Tesla. They’ll cover that more in a second as well once these big moves happen and the weekends realize that, okay, I bought it at the top and they start selling these the hot money leads. Now you’re looking back. Now we look at the primary trend and that’s what we see in smh. SMH now pulling back to a strong area of support. Number one, number two on each of our momentum oscillators that we track for SMH RSI money flow and Stochastics. And all three now hitting the most oversold levels that they have hit.
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And it’s happened now that this is the ninth time this has happened since the bull market began in October of 2022. In the previous eight times this exact setup happened, all eight times marked the bottom for the semis. And that’s what happened today. So we’ll share, we’ll get into that again more tomorrow with specific recommendations. But again, there’s some great trades percolating here and that’s a couple of them. The miners and the semis Tesla mentioned. Tesla second ago. Tesla down big today.
Again, weak hands, hot money leaving Tesla right now down 6% to 310. Of course it went parabolic after the Trump was elected and it will continue to move higher. So you look for these pullbacks as buying opportunities. And news broke today that the $775,00 tax credit for electric vehicles for EVs was going bye bye. Now if you know Elon Musk and Tesla Doll, they’re the reason they want this to go bye bye because they know what it means for the competition. People don’t buy teslas for the $7,500 tax credit. That might be one of the reasons, but that’s not the reason. And so, and Musk knows that.
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He also knows they are bringing down the cost of EVs so incredibly. I mean over the next, by mid next year and probably first quarter next year, you’re going to see the price drops. And the new, the new Tesla vehicle, the Cyber Cab, the new, the new cheap Tesla that they’re bringing out, going mid 25, 20, 25,000 to $30,000 vehicle. There will be no U.S. competition that can compete with this. So Tesla being down 6% today again, now we’re setting up for another great buying opportunity. And what we believe, and we said this now for a long time, is the number one stock to own for the innovation revolution. This morning I wrote this up and I want to spend a few minutes on this because it is important.
I wrote up the, you know, look, we call the bottom, the exact bottom on October 13, 2022. We call it within 30 minutes on the podcast, wrote it up the next morning, pounded the table and some very specific buy recommendations. Maybe other people called the bottom. I don’t know, don’t know who they were. I know we did. What a top three capitulation and buying opportunity of my career. As we said on the day, we also wrote a book, the Big Bribe that was published in August of 2022. Where we told you that we were going to have a melt up bull market, red pilled melt up bull market because of our five megatrends.
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And so I wrote that this morning. We got called all kinds of names when I we wrote that. We spent a year writing it and researching it and then we put it out. We were just laughed at by a lot of people. We kept those emails. I shared a couple of comments this morning from those literally people. How can you expect investors to take you seriously with these roaring 2020 forecasts when the markets. We’re in a brutal bear market.
Ha. You know, people just laughing at us, right? But we stuck by our be stuck by our research because we knew it was solid, we knew it was good and we knew it was a deeply contrarian trade. So we saw literally no one else predicting what we did in August of 2022. And so again we had people, we had, we had people positioned just right. And then, you know, Wayne was nice enough to have you on the show to talk with the Big Bribe. That’s when Charles Payne found out about it. Charles Payne had me on his show for the first time to talk about the Big Bribe. And then it really started, you know, to get some legs.
And a lot of you are here because of that. So thank you for joining. Hopefully it’s paid off for you as well. And so what I published this morning or wrote this morning is that now it’s time for an addendum to the Big Bribe. And what we’re going to spend a lot of time on this going forward. No one else is talking about this, folks. This is again something else that we think is a mega trend that no one else is talking about. We there are three powerful megatrends converging right now that we believe will result in, in the greatest level of economic growth in the most powerful bull market the world has ever seen.
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Right. I’m 62 years old. I’ve done this 40 years, right? Hyperbole. And I may sound like it because I’m excitable person, right? So it may sound like I’m hyperbolic. Trust me when I tell you I don’t say these words lightly. We think massive wealth and wealth generation and prosperity are going to be built in the next two, potentially two to three decades. Yet world record is saying it’s roaring 2000-20s to at least 2030. Folks.
It’s going longer than that is because Trump. It’s the combination of this and this is what we’re going to get into more. It’s a combination of the Trump Doctrine, the Trump Economic miracle and the innovation revolution. This combination is going to create across the US and the world, a global wealth creation, wealth creation cycle of stunning proportions. People that act on this now will not only be in a position to profit from it, but to help others as well. Building businesses, understanding what’s happening, getting ahead of these trends. That’s where the money is made and that’s what we’re going to be talking about here. The Trump Doctrine very simply is get the people back through government.
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No, we’re not going to be a communist country. That ship has sailed. That’s what Trump has insured here. Because it ain’t going to be just Trump. It’s going to be who follows Trump. We could have after, you know, whether it’s J.D. vance or Ron DeSantis in four years, unless Trump’s given another four years, he does deserve it. He had a term ripped from him.
But that’s probably not going to happen. It worked for fdr, probably not for Trump. I don’t think he really has that. I don’t think he has that desire. Number one, it’ll be by that time the US Government will be in much different hands even than it is today. A lot of these Republican rhinos are going also going bye bye. Good riddance to you in the very near term. Again, we’re already targeting the midterms in two years.
A lot of senators up that are going bye bye as well, some in my own state, namely John Cornyn. But thank God he didn’t become a Geordie leader. What a, what a rhino scumbag. Seriously. He’s my senator, I can say that. But it’s giving the people back to power. The government is ours. Right.
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We hire these people to work for us. Right. We don’t hire them so they can go become vastly wealthy like the, like the Pelosi’s, etcetera of the world. And probably 80% of politicians now are in it for them, for the money. And again, this is something that’s going to change. People will start getting back into government because they’re good people. They want to give back. We’re going to install term limits.
This is going to be a completely going to be a revolution. It’s going to be a revolution in the United States. So it’s a combination of that, the Trump Doctrine, the Trump economic miracle we’ve talked about a lot. I was the one that named it. I named the Trump economic miracle in 2016 in my book, the Big Bribe. Excuse me, the book, that book was called crash Proof Prosperity Becoming wealthy in the Age of Trump. And it’s a combination of Trump’s tax cuts, deregulation and tariffs. And again, giving the people back the power which is now going to happen in this term.
Add to that the innovation revolution. Again, this is long term technological revolution where just we’re going to be blown away by what’s going to happen. You’re already starting to see that now, right? And so it’s that combination because what it’s also going to do, it’s going to force global governments to follow our lead. If they don’t, they will be left in our dust and they will shrivel and die because we will rule the world. Economic power happens to do that. We have the military might, hopefully they won’t be used anymore, but again, the stick will be there. So it’s that combination that we’re excited about and it’s just getting started now. And yeah, you know, look, we’ve said it many times.
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We just had the worst after 9, 11, the worst two decades in American history. What we do for at least a couple of great decades, we think we are, we’re putting that in the universe. We have been for some time. We couldn’t be more excited about the future. Again, thank God for Trump being elected. By the way, one of our big broad megatrends was the millennial generation. If you’ve noticed, Vivek, Stephen Miller, these are all cabinet people. Leah Stefanik, JD Vance, Matt Gaetz.
Oh please let him be AG Tulsi Gabbard. These are all millennials. It’s not that just millennials had the economic and financial power to lead, which they are now doing. They have the intellectual power as well. We’ve been telling you the millennial generations has been shit on for far too long. They didn’t deserve the bad rep they got. And now here is the evidence directly in front of us just coming to the fore. So again, so many things to be excited about.
Right. We got to keep, keep working. It’s not going to be easy and it won’t be a straight up bull market, although it economy these, these. We’re gonna have some amazing runs here, folks. We it’s 95 to 2000. That’s what happened then. So just get ready. And these shakeouts I think will not last very long.
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Saw a bit of a shakeout today. Again, again, we told you on Tuesday, market stream robot now we had weakness yesterday and today. Dow Jones today finished down 200 points, down half percent. SPF 100 down 6, 10 to 1% about the same. Rose 2000, down 1.4%. Again, small Caspian going parabolic. Now pulling back. Also hit extreme overbought on steroids.
They really did. They hit our most overbought designation, which is why, and we’re along this group, we said stop buying it. But again, these shakeouts will not last long. Nasdaq today down 123, down 6/10 1%. And, but anyway, that’s that, that’s essentially what happened in the market today. Next up, let’s take a look at the internals. Not good, not horrible. Not even 2 to 1 negative.
Quick, quick refresh. Nasdaq was 2 to 1 negative. Advanced decline. Apologies for that. NYSE 1.7 to 1 negative. Volume today, positive for Nasdaq by about $400 million. For the trading NYSE, negative by 1 1/2 to 1. Again, that’s on volume.
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52 highs, lows came in about even today. Again, this is a, this is the pause that refreshes. This is getting the hot money out. This is healthy. This rotational action we’ve seen. And now this pause at extreme overbought levels is extraordinarily healthy. It’s exactly what you want to see. It’s what extends bull markets.
And we should all thank God that it’s happening because otherwise we’d melt up. That wouldn’t be healthy. Then we’d have real damage done on the downside. And we do not expect that here at all. Remember, we’re in the best three months of the year. Number one, this is still the trouble market. Number two, and so it’s a great time to be involved in the markets and we want to get the hot money out. Right? Let’s go and have that now.
Especially in stocks like Tesla, Bitcoin seeing the same thing. A little hot money leaving today. It tends to happen together, doesn’t it? Bitcoin back to 88,000 after 93 and change yesterday, again, it’s going to 100. Then it’s going to 200. There’s going to, you know, we, you know the drill. It’s always a good time to buy Bitcoin. But it did also hit extreme or ball, by the way, in our, in our sector watch today. Not very pretty here.
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Not a lot of damage done, but not. But not pretty. We had nine sectors finished lower, two finished higher. Led the downside by industrials down 1 1/2 percent. Same with consumer discretion and health care. Energy was up 110 to 1%. Tech also higher on the day by just 1 10th of 1%. Now, commodity watch again.
Talked about this a minute ago, so let’s just. I won’t cover it again. Gold down 60 bucks announced at 2570. Silver down 11 cents an ounce at 30. 55. Copper down 4 cents a pound at 407. Crude oil up 21 cents a barrel today at 68.64. And finally today, bitcoin is last trade.
Give you exactly 88,000 on the button. All right, folks, that’s all we have time for today. Hope you had a great day and even better night. We’ll see back here again tomorrow after the close.