Good Thursday morning. Let’s start with a VRA Alert. On 11/24 we added SOXL (3 x Semi ETF) to the VRA Portfolio @ $32.90. With SOXL closing at $46.20 we have 7-day gains of 41%.

Alert: enter a GTC "stop loss" order at $43.89 (5% stop loss, which we’ll be surprised gets hit). We’re on the road Thursday. I usually write our Letters in the AM but this is being written Wednesday night (in the event something happens prior to the open and it’s not covered here). If you have questions about entering “stop loss” orders please reach out to your brokerage firm (we likely won’t be able to reply). Also, we will not have a VRA Podcast after the close.

VRA Market Update

Many of our major indexes have gone from extreme oversold levels to extreme overbought (on stochastics only, our shortest term momentum oscillators) and they’ve done so in short order. Melt-up bull market phase, indeed. Seasonality remains highly bullish through the end of the week but next week shows potential weakness, pr...