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VRA Alert: Sold SOXL. Profit of 46%. VRA Portfolio Heads up: NAIL

Good Thursday morning. VRA Alert: We were stopped out of our (new) position in SOXL (3 x Semi ETF) @ $50.00, giving us a 5-week profit of 46%.  - We continue to hold our original position in SOXL (from Q3 2022), where we are lon ...

Posted On May 30, 20242 MIN Read
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Good Thursday morning. VRA Alert:

We were stopped out of our (new) position in SOXL (3 x Semi ETF) @ $50.00, giving us a 5-week profit of 46%. 

- We continue to hold our original position in SOXL (from Q3 2022), where we are long at $11.05.

- Should we get the opportunity to add another full position size in SOXL (via VRA System readings) we will absolutely look to make that move.

VRA Portfolio Heads Up; NAIL ($103.00)

We are nearing the next great buying opportunity in NAIL (3 x Housing ETF). Last December we took profits of 201% in NAIL and have been patiently waiting to go long housing stocks again, via one of our favorite leveraged ETF’s.

Below we see that XHB (non-leveraged Housing ETF, for charting purposes) is putting in a constructive chart pattern, featuring higher lows and a retest of the 100 dma, a level that’s served as a floor.

At the same time, on VRA System readings, XHB is beginning to hit oversold levels that interest us…we doubt that we’ll reach e...

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