VRA Letter: 22 ATH’s in Nasdaq, 32 ATH’s in S&P 500; a Contrarians Delight. Housing Signaling Fed Rate Cuts (NAIL). Tesla, Xtract One, Rich Ross. - Vertical Research Advisory

Log in Join Now

VRA Letter: 22 ATH’s in Nasdaq, 32 ATH’s in S&P 500; a Contrarians Delight. Housing Signaling Fed Rate Cuts (NAIL). Tesla, Xtract One, Rich Ross.

Good Wednesday morning. US markets will close today at 1PM EST and all day tomorrow for the July 4th holiday. We may or may not have a letter on Friday as we’ll be on the road, but with the all-important June employment report s ...

Posted On July 03, 20245 MIN Read

vra-default-img

Good Wednesday morning. US markets will close today at 1PM EST and all day tomorrow for the July 4th holiday. We may or may not have a letter on Friday as we’ll be on the road, but with the all-important June employment report set for 8:30 EST that morning, we may get something brief out.

Another strong day yesterday featuring a bullish smart money hour, with US indexes closing at their highs of the day (tell). Essentially textbook, with the semis leading (+1%) Nasdaq higher, and the broad markets following close behind. The internals also improved, as did our sector watch, with 9 of 11 S&P 500 sectors higher on the day.

Meanwhile, if you’re a contrarian, this is the kind of stuff that makes you salivate to own stocks. Nasdaq just had its 22nd record close of 2024, as the S&P 500 logged its 32nd ATH of the year, while at the same time the Fear & Greed Index sits at 50 (neutral sentiment reading).

Fed Chair J Powell spoke at a confab of global central banker...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

May 08, 2026

VRA Letter: More Strong Jobs Data. Pre-Alerts on SMR & CWEB. No, Economic Growth Does NOT Cause Inflation.

Good Friday morning. Breaking: the jobs report for April is in and it’s another beat to the upside. 117,000 jobs were created, beating the estimate of 65,000, with private payrolls almost doubling previous estimates. The unemployment rate stays unchanged at 4.3%. For a comp, take a look north at our neighbor Canada, which just reported a miserable […]

May 08, 2026

VRA Alert: Sold TQQQ. Profit of 47%

Good Thursday afternoon. Alert: we were stopped out of our position in TQQQ @ $70.50. Profit of 47% VRA Portfolio: We own our VRA 10 Baggers, which include our focus names of today; Tesla (TSLA), Nvidia (NVDA), Vista Gold (VGZ), Snowline Gold (SNWGF), Xtract One Tech (XTRAF), NuScale Power (SMR) and Galaxy Digital (GLXY). We recently added TNA (3 x Russell […]

May 07, 2026

VRA Letter: Alert: Raise Stop Loss on TQQQ. Broadening Action; Highly Bullish. Gold/Silver/MIners; This Move Could Be Special. Tesla; Slowly Then All at Once.

Good Thursday morning. Alert: raise your GTC stop loss order to sell TQQQ @ $70.50 (last: $71.78). We’ll continue raising our stop loss on TQQQ with the hope it never gets hit. As seen below, Nasdaq 100 has gone parabolic (10% above 200 dma)…the rubber band is fully stretched…and a stones throw away from EOBOS. The most extended of […]

May 06, 2026

VRA Alert: Bought GDXU

Good Wednesday morning. We bought GDXU @ $188.00. You know our thoughts on PM’s/miners….this group should run for a while. We now have GDXU, VGZ, SNWGF and physical gold and silver, meaning we have a lot of exposure to one theme. However, if we’re right about our positioning in interest rate sensitive names, the rest of […]

May 06, 2026

VRA Pre-Alert: With the War Ending, Own Precious Metals and Miners. We’ll Be Adding GDXU Later This Morning.

Good Wednesday morning. I think we have the makings of an excellent setup unfolding. We learned last night that Trump is pausing Project Freedom, just over a week before he's set to meet with President Xi in China. This looks like a deliberate de-escalation signal, especially since China relies heavily on that oil flow. It […]