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VRA Letter: Dow Jones Hits 40K. VRA Investing System Analysis. Here Comes NVDA. Latest From Bryan Rich. VRA Quick Hitters; Trump, Miners, BTC.

Good Friday morning. Outside of the Dow Jones hitting 40K for the first time, yesterday was a quiet day, coming off of Wednesdays ATH’s in each major index. Only the Russell 2000…not considered to be a major index by most…st ...

Posted On May 17, 20247 MIN Read
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Good Friday morning. Outside of the Dow Jones hitting 40K for the first time, yesterday was a quiet day, coming off of Wednesdays ATH’s in each major index. Only the Russell 2000…not considered to be a major index by most…still sits 14% below its ATH from November 2021. And yes, we’re hitting extreme overbought levels on our shortest term momentum oscillator (stochastics) on each index, but with room to run before hitting Extreme Overbought on Steroids (EOBOS), our most overbought readings in the VRA Investing System.

Until money flows (MFI), relative strength (RSI) and MACD (moving average convergence/divergence) also hit extreme overbought levels…combined with some of our other important VRA System readings (internals, semis, sentiment, etc) we remain aggressively long. 

The VRA Investing System remains at 11/12 screens bullish, our highest readings on record.

My spidey senses tell me this market wants to keep pushing higher, likely into next Wednesdays Nvidia earnings repor...

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