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VRA Investing Podcast: VRA System Readings, Market Rotations, and Sector Shifts – Kip Herriage – November 12, 2024

In today's episode, Kip covers a wide range of critical topics, from Nvidia nearing all-time highs to the meteoric rise of Bitcoin now eyeing $100,000. We'll also discuss the impact of political shifts on the markets, particularly ...

Posted On November 12, 20241499
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About This Episode

In today's episode, Kip covers a wide range of critical topics, from Nvidia nearing all-time highs to the meteoric rise of Bitcoin now eyeing $100,000. We'll also discuss the impact of political shifts on the markets, particularly with Trump's influence on the dollar and geopolitical stability. Plus, we'll talk about market dynamics leading up to the next inauguration. Tune into today's podcast to learn more.

Transcript

Don’t look back. The market is closed. Good Tuesday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. Got some big things for you here. But first I got to say, first of all, I apologize. Yesterday, Tyler thankfully covered for me, but a memorial on Veterans Day? I did not mention Veterans Day.

We have a lot of veterans here and I apologize. I did not pay respect to you veterans and Tyler thankfully did for me yesterday. So thank you for your service and, you know, thanks for keeping us safe. And now we got a president that’s actually going to respect the job that you do and have done for us. So thank you again to all our veterans and got a lot to cover today here, folks. Big, big stuff happening. Bullet points real quick. Bitcoin 90,000.

[00:00:45]:
I’ll talk about what we think is going to happen next. We covered this in this morning’s letter. Markets hit as of yesterday’s close, either extreme overbought or extreme overbought on steroids. Very, very heavily overbought. That’s just, that’s not a reason unless you’re a day trader. Otherwise it’s just a reason to use discipline and make sure you don’t make bad decisions buying at these overbought levels. GDX okay, look, what a setup here folks. What a setup.

GDX, we told you a week and a half ago or so that gold had hit extreme overbought on stewards. Again, that’s our most overbought designation. It’s not a sell signal unless you are a very, very short term trader. But again, the last thing you want to do at that level is buy gold. Buy anything instead of a bought. And then of course, the election, everyone’s like, okay, well Trump is number one. He’s going to be better for the U.S. that means a strong dollar, typically not good for the for gold.

You see what’s happened since the dollar is going parabolic. Although now it’s hitting extreme overbought on steroids. So you see where I’m going with this. Another reason the gold went down. Rates have been going up, right? Not typically friendly for gold and the miners. Bitcoin has sucked all of the oxygen out of the room. Again, not friendly, not bullish for gold and the miners. And then geopolitically, these wars are already ending.

Just because he’s been elected, they’re ending. Peace negotiations are taking place. Everyone knows what’s likely to happen next with Russia and Ukraine. In other words, AKA the money laundering operation between these criminal oligarchs among our three countries are, it’s over with, it’s over with. We’re going to go and cut you off at $250 billion or whatever insane amount that we’ve sent overseas to these criminals. Okay? But the fact that Trump’s president again, our geopolitical risks, the risk of war have lessened greatly. So these are all bearish, these are all bearish events for gold and the miners. However, I’m going to share this in tomorrow’s letter.

[00:02:52]:
But if you’re, you know, if you, if you pay attention to the technicals like we do, maybe if you’re on stock charts. Pull up, pull up gdx. Take a look at GDX using our momentum oscillators. It, we call this extreme oversold on steroids. It’s the most oversold you can get. That, that is a, almost touching the 200 day moving average. This is, this is magical. This is when we go, okay, we got a winner here.

No trades or guarantees, but this is as close as it gets because of everything else that connects with it. Right? And again, a dollar being overbought as it is. And I’ll remind everyone, and I’ll share this chart tomorrow too. The dollar rally after Trump got elected in 2016. But look at what happened in 2017. The dollar was a one way ticket lower. It fell from 103, USD fell from 103 to 88. That’s a huge move over in 2017.

Of course that was also a great time to own gold in the miner. So, you know, look, I remind everybody, I have to remind myself of this from time to time. Investments move not based on logic. A lot of the times they move based on external events and people are just positioned wrong. And then traders, that’s looking at what we’re just talking about here, they pile on and the next thing you know, you’ve got an investment that’s a phenomenal long term investment as gold and silver, the miners are. But in the short term you have an investment that turns out looking like dog shit because it’s like, well, what did I miss? What’s going on? What’s changed here? Oh my God, what’s happened? Oh, I made a bad call. No, you didn’t. Gold, silver and the miners have entered a long, long term secular bull market that will continue for many, many years.

[00:04:36]:
I think this is the bull market that takes us at least through 5,000, likely 10,000. A lot of variables at play here. But in the very short term, art has, art has overtaken science, if you will. And so, again, we’ve got some great setups here. There’s also a great setup brewing with the SEM. Again, Tyler talked this yesterday. And I gotta say about Tyler, when I listen to his podcast, again, I’m a little biased here. When I listen to his podcast, I’m telling you straight up, you should really pay attention to what Tyler shares with you.

He spends a lot of time and work into these. He sees things and catches things I miss. And so just know that you’re listening to somebody that’s a professional at his craft. That’s what Tyler’s become with these podcasts and with the work that he does. He wears about 10 hats here. He’s also runs marketing, does all of our website, all of. All of our. All of our partnerships.

We have runs all of those. But he really loves doing this podcast and delivering value. So just know that because he’s been hitting on this rotational theme that’s happening. And I touched on this this morning. These market rotations, like right now the semis are out. So what’s going on? Semi? What’s going on? Something must be wrong. No, there’s nothing wrong. This is a rotational theme and these rotations happen and they’re extraordinarily healthy.

[00:05:54]:
It’s one of the reasons this bull market looks so incre. Reminder, I’ve said this a few times. This is the best bull market of my career. I don’t say that lightly. This is too. This is 1995 to 2000, part two. I didn’t know what was. No one knew what was happening then, except.com stocks were going crazy.

We all thought. This sounds like it looks like a passing fad. What are these companies? What do they do? They don’t make money. How will they make money at this? Facebook is free. How will you make money on it? Unbelievable, right? I could tell you a story that blow you away. I’m not going to waste your time on it now. It’s actually a pretty good story about Facebook. Real quick.

All right. I was speaking at an event in Las Vegas. Packed house, thousand people. And we were talking about these, some of the new companies and whether or not they’re going to work or not. I got to Facebook and I said, and what about Facebook? Look at this valuation. How is it supporting this valuation when they don’t have a revenue stream? Because again, we didn’t know how they were going to monetize eyeballs at that point. Right? How are they going to make money? Because no one done that before. I don’t know how they’re going to make money.

[00:07:08]:
Does anyone in this room believes that Facebook represents great value here? Out of, I don’t know, at least 800 people. I think it was more. It was a packed, packed. It was a packed event. One person right in the middle, about 30 rows back. I saw him raise his hand and I looked around. He looked around like nobody had their hand up. And he slowly put.

I said, no, no, put your hand back up. I said, you know what, you just changed my mind. Facebook, I had to take a fresh look at this because you are the contrarian. You’re the one person that gets it. And then I talked to him after the event. He started explaining to me monetization of eyeballs what he thought that meant. I wish I knew who that guy was. That guy made an amazing call and it changed my approach entirely.

If I let you know, 50 or 60 or 70 people would raise their hand. I thought, you know, they’re wrong. And I got this right. I did not think that after that, right. We were short Facebook. I came home and covered that short. And then, you know, the parabolic move started. But as far as rotational themes, that’s what we have happening now.

[00:08:12]:
And it’s very healthy. It extends bull markets. It’s the way they’re supposed to work. This market is actually, I know a lot of people think this is a bubble market. It ain’t a bubble market. This is legit, straight up, badass bull market early. This is any one of the innovation revolution. I know this, just know that, right? No, anything can go wrong.

I’m not saying stocks are going to keep going up forever. But right now with this setup, I really think this seems, this does not seem like a perfect setup to you. This market we had to shake out today, a little bit, a little bit of pause. But this primary trend we’re in now, that is a melt up bull market. We’ve been saying that for a month. We got that right. One down day doesn’t change that. Maybe four or five would.

But you know, we take it one day at a time. But I think that, I think this is going to be a buy the rumor, sell the news event. And I think it’s going to probably culminate in Trump’s inauguration. I think this bull market could absolutely melt up. And then just whenever, just when the public is getting hyper bullish at Trump’s inauguration. Oh, here we go. He’s in office. I was like, good things he’s going to do.

[00:09:20]:
The market sells off. So obviously we’re going to we’re going to, we’re going to keep, we’re going to keep an eye on that. I’m not making that call now. But wouldn’t that be a perfect. As a lifelong contrarian, I have to tell you that seems like a perfect setup to me. It seems a little obvious, though. Maybe so. Well, again, we’ll play it one.

We’ll take it one day at a time. But back to the semis. The semis have been going down. They have. They’re still. If you look at the chart of the relative strength. Chart, chart, they’re still leading from the lows of August, September. That’s still in place.

The chart pattern has not been damaged whatsoever. The semis have been consolidating for like. I don’t have the chart right in front. It’s been like, like a couple of months. They’ve been, you know, range bound, if you will. That’s what they call it. That’s what the professionals call it, range bound. So there’s no bit, no technical damage done, but they have not been

[00:10:08]:
But I’m going to write this up again in the morning. But now we’re starting to see signs because all the wrong people are getting nervous. All the wrong people are saying, the semis are done. Okay? These are the signs we look for right around the edges. And then it draws your attention in. Okay? Oh, this analyst hates it. Jim Kramer says, sell the semis. I gotta spend a lot of time tonight to find out how much money I need to plow into this group.

Okay? But there’s something else going on with the semis. A lot of fear is starting. There were three or four articles about this yesterday. A lot of fear is starting to build about Trump abandoning the Chips Act. If you remember, in August of 2022, Biden signed the Chips and Science act into law. 280. Matt, it is a magnificent idea right now. It’s the implementation and the way the bill was structured.

That’s where the flaws are. But they rushed it through. Guess whose idea it was? It wasn’t Biden’s. It was Trump’s. That’s one of the reasons it passed so easily. But what also passed with it was the garbage, the pork. And you know it from the description, here’s the description, okay, of the CHIPS and Science Act. It’s meant to bolster US Semiconductor capacity, fund R and D and create regional high tech tubs, hubs and a bigger quote, more inclusive tech workforce.

[00:11:33]:
Those words, more inclusive. Who does that sound like? That sounds like that’s Joe Biden. Right. That he personally probably. Or had someone. He didn’t do much. Of course. I think that’s kind of a scam anyway.

By the way, I don’t buy this. Biden is mentally, I don’t buy it. I think a lot of it’s an act. I think that, I think the debate was probably an act. Now, he’s had a whole career to be an actor. He’s learned a few things, has he not? He doesn’t want to be prosecuted. Okay, that’s, that’s, we understand this. He does.

This is. He didn’t want to lose in a landslide to Trump, so they quietly moved him out. You played the role. You be an actor, we’ll get you. Put Harris in. She’s clueless. She’ll think she’s really going to be president. Of course she’s not.

[00:12:14]:
It’s going to be a landslide. And this way you can, when you retire from your 700 year career, you can go out with your head held high. Yeah, they’ll think you’re being old, but you’re not. Right. You know better. You still got it going on. Do you see him walking on the beach the other day? That’s the phoniest looking thing I’ve ever seen. They would never have let him be film like that.

All of a sudden there’s just somebody watch taking a, taking a film of this. How you buying it again? But I’m the ultimate conspiracy theorist. Okay, so you know what? I see things sometimes where they’re not, but not much. This to me seems like a psyop. And now maybe there’ll be no prosecution. Poor old Joe. Right? He, he didn’t do a good job, but it wasn’t intentional. His son was the bad guy, not him.

And of course, now he can go out saying, I’m one and oh, against Trump. I never lost to Trump. That’s something that heals up. Harris will never be able to do that. Name takes on a new meaning now, doesn’t it? But again, the CHIPS and Science Act, a more inclusive tech workforce. You can imagine the garbage that is in this bill. So that’s my take. I will be amazed if Trump were to try and abandon the CHIPS Act.

[00:13:26]:
First of all, it would require congressional approval. That’s the whole thing. Okay, he don’t want to do that. This was his idea to begin with. He wants it to be in place. But it’s going to have a lot of revisions in it. And I believe those negotiations are going on now, so. And I see some evidence of that I won’t spend your time on that today.

Maybe I’ll write that up at some point. But all the right signs are there that that’s what’s happening. So the people that are fear mongering that the Chips and science act is going to be repealed, I just don’t see. Unless maybe they use that as a stick. Hey, if you don’t make these revisions, we’ll just start over, you know and then okay, well what do you want to change? And you know that’s the ultimate negotiator in Trump. So I think that we’re going to see against rotational market already. You look at the semis on a chart, very healthy. And now we saw something else happen today.

Nvidia was added back as the number one position in sox. SOX is a three time leverage semi etf. A lot of us noticed this about three weeks ago. All of a sudden Nvidia disappeared as a top five, top six holding in soxel. And we’re like, okay, that’s interesting. Well, you know, again that’s how they have a system for rejiggering soxel. And I think it’s, I think it’s a formulaic system. Nvidia went through a period where it didn’t perform.

[00:14:49]:
Remember it got smoked down to a hundred buc bucks below 100. And that’s when Jim Kramer says going to 50. But anyway, he’s an easy target, right? If you want to know why Jim Kramer has blown up everything he touches. It’s karma, baby. The moment that Jim Kramer went on cnb, I was watching it, it was still. And I haven’t watched CNBC since about this time, been four years now. Have not watched the channel once in protest partly if there’s a way they handle the pandemic, you know, Scott Gottlieb having fauci on these criminals that are just spouting the deep state line. Right.

About the pandemic. You know, what a scam, what a complete scam the whole thing was. It did get a lot of money back into the system. It has set up this bull market. Look, I’m not saying it didn’t accomplish some good things, but again, so many people were hurt. Not from dying from the, from the disease, they were killed in hospitals, et cetera. Right. But, but it did so much damage.

Add a lot of debt. Not that debt really matters. It doesn’t. When you have the world’s reserve currency, government debt is largely an illusion. And I’ve been saying this for 30 years, people still don’t Listen to me. But folks, understand this. As long as you have the world’s reserve currency, and we won’t, and we will continue to, it ain’t going nowhere. Debt really doesn’t matter.

[00:16:04]:
You can always print your way out of it. You can come with creative ways. There’s so many. I could do that. And I’m not the insider expert on this. I’m sure they’re using some kind of AI program to teach them how to show them how to do this. Of course, because everything else is going that way. But the point being that, man, I really lost my way.

Now I’m going down all kind of rabbit holes in one conversation. Breaking a lot of walls here. But back to soxel, because the underperformance, Nvidia, it was replaced from one of the top holdings, soxel. And that’s all of a sudden now the performance lag. Well, guess what? As of today, maybe it happened yesterday, I didn’t catch it. But Nvidia, so number one holding in soxhole. And because it’s such a great trading vehicle, we, you know, our cost basis, we have two positions. Our cost basis in SOX, our initial cost position is 11, right? It’s 32 now.

So we’ve done pretty well, made a couple hundred percent. We also took some gains on the way up in the big trade, went to 70. But now it’s pulled back to this area. Now they’ve rejiggered it to put Nvidia back in, of course. Nvidia announces earnings next Wednesday. So you see how this is all coming back. This rotational theme of the mega cap Stocks have been weak compared to the markets broadening Again, rotational themes very healthy. Some great trades setting here, folks.

[00:17:21]:
Just great trade set up here again. GDX as gold now also hits extreme oversold levels. GDX is there, our most oversold designation, setting up for a great trade. And again now we just walked you through with the semis and soxl bitcoin. 90,000 today for the first time now hits big numbers and it falls back. So it’s falling back just now below 88,000. How long would that last? Probably an hour. All right.

Because Tyler covered this again yesterday. But you know, my first, my mentor, Ted Parson, my first mentor, taught me this when I was a youngster. Okay. I think I was 23, 24 when he first said this. It was one of his trading strategies. When stocks go to 90, they go to 100. And it’s almost always the case, like honestly, I can’t remember a time it hasn’t happened. I know they exist.

I just don’t know of it. I know people that trade this, they just, this is their, they look. This is one of their bellwethers. They find it. Amount of stock is hits 90, buy it for trade, go into hundred, make 10% plus. Right. Well today for the first time, Bitcoin is 90,000 again. Correct.

It’s trying to turn off of it now. But guess where bitcoin’s going? Bitcoin’s going to 100,000. Now Tyler and I just talked about this. What, what happens after that? Because again bitcoin’s going to a thousand. Our target from the beginning of this year had been Bitcoin, 100,000 by year end. Had a lot of doubters along the way. Okay, where those doubters have gone, bye bye, haven’t they? Because bitcoin’s going to 100,000 now I think, I think what happens after that, I would be surprised to see a shakeout. It’s a big number but that’s why I think it’s going to get there quick.

[00:19:01]:
I think you’re going to see traders start loading up on this. It’s going to be a one way trip. Everyone’s got a goal to get it to 100 because at a hundred thousand bitcoin has complete legitimacy. People that doubt it will say I was wrong and they will come on board. But I wouldn’t be surprised to see it hit 100 quickly again. I think it’s at, I think in two days and then see it, didn’t see it pull back and then maybe after it moves back through 100 again, then 100 becomes the new base because just know this, bitcoin’s going to a million. This is, we’ve said this for years, this is not new from us. Bitcoin will go to 1 million and then it will keep going up.

We will still be recommending Bitcoin at 1 million. However much money you have in bitcoin, it is not enough. Now I say that but understanding that, you know, discipline and diversification, if you load anyone loads the boat with any one investment, hey, more power to you. It’s your money. But you are taking your financial life in your hands. I would never do that. But my hate, my hats off to those that are doing it. They’re the big winners.

I mean, hallelujah, good for you. I’m 62. I don’t go on anything now. Right. Although we do have a big position in bitcoin and we’re not about to sell it. So Again, that’s the key point I started with here. Markets hit extremely bought. If you love your position, it is not a reason to sell.

[00:20:24]:
It’s a reason to use discipline. Now, if you want to hedge it, that’s another conversation you have. Sell some calls right now. See, now we’re talking about a smart money call. And there’s a reason we don’t do that for those, by the way. We launch Parabolic Options. I’m going all over the place today. We’re launching Parabolic Options tomorrow.

We’ll announce it tomorrow with our current members. It’s a BE Parabolic Options number 21. So just here are the results of our last three programs, including 20, which is now closed in 20. We just wrapped up with 262% gains. 262. So you made 2.6 times your money in the program. In 19 you did a little better even. These are four month programs.

Okay. You made 267% in 19 and in 18. 405%. 405% combined. Anyone that was with us in these three programs that followed us exactly. Made nine times your money in a year. That’s in a year. So we’re launching Parabolic Options this week and I’m knocking on wood because it’s not bragging.

[00:21:33]:
I don’t think it’s bragging to announce a fact. All right? But I do know that the universe does not like braggarts. So that investing gods. That was not me bragging. That’s me stating a fact. Because people that aren’t in Parabolic Options that like to trade options should be in our program. So again, we use the VRA system very disciplined, probably not as disciplined as we could be. We take some big hits.

And every program we have one big hit. You know, it’s like, why do I let these losses? But you know, I. Sometimes I’m a little stubborn. But Tyler’s promised me he will not let that happen again. We are going to have a hard and fast rule at 50% losses and we’re stopped out. That’s just. Got it. You got to make sure you don’t get the 90, 100% losses.

Right? Those, those are harder to come back from. But you know, and we’ve proven that by the way. But anyway, if we use covered calls, and we’ve talked about this, if we were to announce cover to call program, because using the VRA system, it’s really set up perfectly for covered calls. I use these in my own account. Right. I have a position that I don’t Want to sell, I want to turn that into an income producing position. So when it gets extremely robot on our system, we sell covered calls way out of the money. Take advantage of the premium because again, when something spikes up, guess what? Call option spike with it.

[00:22:53]:
You want to take advantage of that. You want the more, sorry, you want the rookies, the inexperienced traders, you want them buying that position for you when you sell it to them. And, and then you want to cover, you know, you never want to get in a position where you lose a position because you didn’t cover it, you know, as it falls or expires in some cases. So anyway, if we were to do that in parabolic 21, I know a lot of people would like that and I know it’d make a lot of people a lot of money. It would help. But I got to tell you something, I, I just, I, I, I’m not a great, I don’t have the patience as a teacher and I’m telling you the questions that would come in because we have great members here but not a lot of experienced options traders that do some of these more difficult, complicated strategies. I just don’t want to explain it to everybody. And I, and, and I would have to because I’m, I, I enjoy answering questions.

One of my favorite things is when people, is when you send questions in. We love your feedback. Thank you, thank you so much for listening and for being with us here. We love what we do. Okay. And we love explaining things. But I’m not a great teacher when I’ve got to spend half my day teaching, you know, and so, you know, maybe one of these days we’ll do it. But anyway, I think, you know, for example, Tesla hit Extreme Robotics yesterday.

Great time to sell some calls when these Bitcoin ETFs have options trading and we’re told that’s going to happen by year end. Then again, another great vehicle for options, for options, selling covered calls. Right. Just as an income strategy. So Anyway, we lost parabolic 21. Look for that email we’ll send out to everybody. Look for that email tomorrow. You want to sign up fairly quickly.

[00:24:32]:
We do limit the size of these programs just because you know, they are time consuming because again we answer almost. We try to answer every email that comes in, every call that we take, texts, DMs and we love doing it, but it is time consuming and I don’t mind working 12, 14 hours a day. That’s kind of my average day. But I also have a life to live. Got an amazing wife. We Get a great lab. I love taking them for long walks. And I love spending some time just by myself doing what I want to do.

So again, that’s why my time management to me is important. And that’s really the reason we don’t, we don’t do other things. We try to stay in our lane, if you will. So this rotational market is setting up some great opportunities. This is the bull market of a lifetime. It’s a generational bull market, at least. And I’ve said it before, I’ll say it again. I think I’ve been called naive, I’ve been called Pollyannish.

I don’t care. I wouldn’t say this if I didn’t believe this. I believe we have an extraordinary, extraordinary period of time ahead of us extending beyond Trump’s four years. And God, God bless this man. God keep this man safe. Okay, so I think that whoever replaces Trump after his four years are up, be that. You got to think it’s J.D. vance, if he wants a job, I think it’d be his, what an amazing guy he is.

[00:25:57]:
Or, you know, maybe, maybe a Ron DeSantis. I would have no problem with either one. But I think J.D. vance is taking that, he’s taking that next step. He’s taken that role. Has he? Hasn’t he? And look, I love them both. I’d be happy with either. But, you know, you know, that’s four years down the road.

But in the meantime, I do think we have an extraordinary. I’m a fork, if you can’t tell. I am. That’s the word. I am euphoric. I believe a lot of rights are getting, a lot of wrongs are going to get righted and praise Jesus Christ for that. There’s so much has happened in this country since 9 11, and I won’t go through that litany and my list of all the things that we’ve been horrifically wronged by, by the deep state, the people that have died, soldiers been killed, the trillions of dollars wasted, or going into pockets of these criminals, okay? That’s where I want justice. I don’t care about the small stuff, care about the big stuff.

I hope Trump does too. I think he does. I think you can do both. I think you can govern and you can lead and you make sure there are investigations, honest investigations, into all this massive criminality by the deep state. Right. Starting with 9 11. That’s what opened my eyes, as you know. Okay, so we got the CPI tomorrow.

[00:27:12]:
That’d be interesting. Again, the markets hit either heavily overbought or extremely bought levels. Look, a pause here would be fantastic. We should all welcome that because you know, melt up bull markets are fantast. But at one point they can reach a dangerous stage where you can do damage. It’s too overbought and then the fall that happens does technical damage and then we don’t, we don’t want all that. Right. We want what we want the last month to continue.

Frankly if I have my wish that if I get it, that’d be it. And I kind of think that’s what’s going to happen. So. All right, that’s enough of my yapping. Let’s talk about this market today. Again a little bit of a shakeout. Dow Jones finished down 382 points. It’s down 910 1% S 500 not nearly as bad.

Down 3 10. Russ 2000. As we wrote this morning, extreme overbought on steroids down 1.8% today. But folks this group is going to go gangbusters. This is going to be one of those runs in small caps. It’s due they’ve yet to hit all time highs. Can you believe it? The all time high is 2021. It almost did it yesterday.

[00:28:18]:
Tyler cover all just a whisker away but couldn’t do it. And now feeling the pain of being extreme overbought on steroids on a very system. But I, I don’t think this dip’s gonna last long at all. So NASDAQ today, what was it? Down just barely down 17 points, not even a tenth of percent. Again this shakeout, it’s not really a shakeout, right? It’s been rotation but again some like semis have been hit harder than others. But again that’s, this is, this is, this is textbook rotation. It just is. What else today? All right, you know I could talk about a lot of unimportant things but let’s just get to the big stuff.

Internals today were not great. 3 to 1 Nasdaq negative. NYSE 4 to 1 negative. Volume, these almost don’t matter but I gotta say them anyway. Volume just slightly negative. By the way for Nasdaq there’s the tell. NYSE was negative by 3 to 1 on volume and we had about. I think I just did the math.

I don’t do it again. I think we had about 150 more stocks hitting a 52 week low than a 52 week high. In our sector watch we had eight sectors finished lower, three finished higher. Led to the downside by materials down 1 1/2% healthcare down 1.4%. I got to tell you, we don’t really do a lot of work in this space because there’s again so much criminality and just human evil that exists in these health care biotech companies like the Moderna’s, like the Pfizers and these, these criminals that profit from them. I mean it’s just the worst of the worst. These are the ones who should go down. So I kind of boycott those like I do with defense stocks.

[00:30:04]:
I just don’t want to, I don’t want to own them. I think karma is important and I, I don’t want to put that bad juju in the universe. I do not touch stocks that, and companies that work in areas I don’t approve of because I think they’re harmful to human beings. And that’s healthcare. And that’s also going to be, by the way, a lot of these food companies, processing companies. I think that that whole industry is in for a world of hurt. And so I just don’t, I want nothing with it. I hope they continue to collapse to the upside today.

I’ll just give you 1, 2. Tech and communication services both up a half a percent today in our commodity watch. Again we talked about this earlier. Gold today done 13 announced at 20s to go for great setups here. Silver up 21 cents an ounce at $30.82 an ounce. Copper down 8 cents a pound at 4.14 a pound. Crude oil down 7 cents at 67.97 a barrel. And finally Bitcoin last trade right at 88,000.

Of course it’s had a ginormous move higher. I covered earlier what’s going to happen. Bitcoin’s going 100,000. All right folks, I always appreciate you listen, hope you had a great day being a better night. We’ll see you back here again tomorrow after the close.

Podcast Newsletter

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Time Stamps

00:00 Trump election reduces geopolitical risks, affects gold.
03:46 Gold, silver, miners in long-term bull market.
06:37 Event questioning Facebook's revenue and valuation model.
10:08 Nervous investors signal opportunity in semiconductors.
13:46 Chips Act stable; market's healthy, changes possible.
19:01 Bitcoin heading towards $1 million legitimacy.
22:15 Covered calls can generate income from stocks.
22:53 Sell to rookies, avoid losses, need patience.
26:13 See you tomorrow for the Close.
29:24 Euphoric about justice for major wrongs.
29:24 Market down; healthcare leads decline, boycotted biotech.

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