Vertical Research Advisory
Log inJoin Now
Newsletter

VRA Letter: A Phenomenal November. SOXL +53%. NAIL +60%. Next Up: All-Time Highs. Mini-Rotation? Multiple, Significant Technical Buy Signals in PM’s

Good Friday morning. The month of November was nothing short of phenomenal. The Dow Jones finished with an 8.9% gain (breaking its three-month losing streak). The S&P 500 also rose 8.9% in November, while Nasdaq jumped 10. ...

Posted On December 01, 20233 MIN Read
Share:
vra-default-img

Good Friday morning. The month of November was nothing short of phenomenal. The Dow Jones finished with an 8.9% gain (breaking its three-month losing streak). The S&P 500 also rose 8.9% in November, while Nasdaq jumped 10.7%. Both of these indexes had their best monthly performance since July 2022.

In the VRA Portfolio, two standouts among our ETF’s were SOXL (3 x Semi ETF), which was up 53% in November while NAIL (3 x Housing ETF) put up gains of 60%. 

Of note, the month of December is up 74% of the time (on average). While we are overbought and sentiment has gotten a bit frothy, we continue to look for a strong finish to the year. With $7 trillion sitting in money market accounts (another all-time high), pullbacks should be short-lived. Plenty of fuel for the fire. 

The S&P 500 and Nasdaq are approx. 1% from their 2023 highs but its the all-time highs that this market has its sights set on.

Distance from All-Time Highs

- S&P 500 5%

...

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 15, 2024
VRA Letter: April CPI; Lowest Inflation in >3 Years. Direct Evidence; Markets Discounting Falling Inflation & Rates. Pounding the Table on PM’s/Miners

Good Wednesday morning. Heads up: I’m scheduled to be on Fox Business with the always locked-in Charles Payne and his excellent show "Making Money” in the 2 PM EST hour. Hope you can join us! Following yesterdays tame PPI, featuring a sharp downward revision in the March PPI from 0.2% to –0.1% the markets responded with a […]

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 […]