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VRA Letter: Alert: Bought SOXL. Tesla Q1 Earnings; The Future is Arriving. Interview with Wayne Root.

Good Wednesday morning. VRA Alert: yesterday we added a new position in SOXL (3 x Semi EFT), taking us to 150% long SOXL. We bought SOXL @ $34.25. The VRA Portfolio in your VRA Members Site will be updated later today to reflec ...

Posted On April 24, 20244 MIN Read
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Good Wednesday morning. VRA Alert: yesterday we added a new position in SOXL (3 x Semi EFT), taking us to 150% long SOXL.

We bought SOXL @ $34.25. The VRA Portfolio in your VRA Members Site will be updated later today to reflect this.

We are aggressively long the semis because we see this is “that" bull market and believe the semis will continue to lead the way higher.

My post on X below should make our views clear, especially with the VRA Investing System sitting at 11/12 screens bullish.

My call: I believe Musks/Tesla's earnings call yesterday (more on this next) will set the tone for the rest of tech company earnings for Q1. If this is the case, get ready to hear a similar tone from many/most tech CEO’s, with a correspondingly bullish end result for their share prices. I believe it is a mistake to discount this vibe. Animal spirits are returning, certainly in tech, a powerful market moving force. We’re in 1996. 

Tesla Q1 Earnings: Its the Reaction to the News Th...

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