Vertical Research Advisory
Log inJoin Now
Newsletter

VRA Letter: 36 Year Anniversary of Black Monday. Tesla Earnings, FDS Update. X1 Zoom Today. Lost Soldier Oil and Gas; Wyoming Trip and New Video.

VRA Letter: 36 Year Anniversary of Black Monday. Tesla Earnings, FDS Update. X1 Zoom Today. Lost Soldier Oil and Gas; Wyoming Trip and New Video.   October 18, 2023 Good Thursday morning. Yesterdays trading forces me to take back ...

Posted On October 19, 20236 MIN Read
Share:
vra-default-img

VRA Letter: 36 Year Anniversary of Black Monday. Tesla Earnings, FDS Update. X1 Zoom Today. Lost Soldier Oil and Gas; Wyoming Trip and New Video.
 
October 18, 2023

Good Thursday morning. Yesterdays trading forces me to take back most everything positive I said from Tuesdays trading. Weak internals, weak smart money hour, with semis/tech leading the market lower. While this has little impact on our (highly) bullish views, it’s also not a pattern that we want to see become a repeating pattern. We’re still in October, which is both crash month and the month that provides our best buying opportunities. Today is the 36th anniversary of the 1987 crash, which to this day remains our worst trading day in history, with a decline of 22.6%.

I’d been a financial advisor for two years when Black Monday happened. I’ve told this story often over the last 38 years so I’ll keep it brief. I stayed close to my first mentor Ted Parsons that day as we watched the waterfall collapse take pl...

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 14, 2024
VRA Letter: Tame PPI Sets the Stage for Tomorrows CPI. Interest Rate Sensitives Point to Lower Rates. Must Own; Precious Metals/Miners. Meme Stock Craze, Again. Latest from Uber-Bull Rich Ross.

Good Tuesday morning. As we covered yesterday it’s a big week for the inflation narrative. This morning we learned that the PPI came in a bit hot, even as it matched y/y estimates of 2.2% inflation, the monthly read of PPI (ex food and energy) came in at .5% vs estimates of .3%. Importantly…and this […]

May 13, 2024
VRA Letter: VRA Macro Views Fully Intact. The Week Ahead, As Rate Cuts Near. SOXL; Must Own. VRA System Buy Signals.

Good Monday morning. A quick recap of our macro views; We’ve entered a generationally strong, structural bull market, powered by:  a) US consumers and co’s in their strongest financial position in decades. b) the burgeoning “Innovation Revolution” (led by semis/tech) that will power earnings and GDP growth for years to come (2030+). c) overtly and […]

May 10, 2024
VRA Letter: VRA Quick Hitters

Good Friday morning. VRA Quick hitters. 1) "Don’t Fight the tape, don’t fight the Fed". Until yesterday…when it became clear to us that the Fed will soon start cutting rates (following June cuts from the BOE and ECB)…I had not written those words in at least two years. A truer Wall Street axiom is hard […]

May 09, 2024
VRA Letter: VRA System Trading/Investing Heads Up. Market Update; Rate Cuts Are Nearing; Don’t Fight the Tape, Don’t Fight the Fed. Pm’s/Miners; Next Leg Higher is Underway. Xtract One

Good Thursday morning. Heads up: going forward we will be more active in trading ETF’s (via our preferred leveraged and non-leveraged ETF’s). Using VRA Investing System readings to facilitate each trade, we’ll have a more proactive approach in trading our favorite ETF investment vehicles. In bull markets (this one) we’ll look to to “buy” an ETF when […]

May 08, 2024
VRA Letter: Schedule Change

Good Wednesday morning. Today’s VRA Letter will follow later today. Thanks, Kip VRA Portfolio Focus Stocks and ETF’s: We own VRA ETF’s: ERX (2 x Energy ETF), SOXL (3 x Semi ETF), TNA (3 x R2K ETF), NUGT (2 x Miner ETF), URA (Uranium ETF), KWEB (China Internet ETF) and of course our VRA 10 Baggers, which include our focus names […]