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VRA Letter: Investor Sentiment is Flipping. US Economy Just Keeps Rocking. VRA 10 Bagger News; Xtract One Tech, Falcon Oil and Gas.

Good Tuesday morning. Along with major US indexes and leading sectors either at, or declining slightly from our most overbought designation, multiple sentiment surveys are beginning to flash stretched levels of optimism. Bears are ...

Posted On November 28, 20234 MIN Read
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Good Tuesday morning. Along with major US indexes and leading sectors either at, or declining slightly from our most overbought designation, multiple sentiment surveys are beginning to flash stretched levels of optimism.

Bears are flipping to bulls.

- The Fear and Greed Index is at 65 (greed), up from 21 (extreme fear) one month ago.

- In the AAII Investor Sentiment Survey, the percentage of bears has fallen to 23.6%, nearing the lowest levels of the past 5 years.

These are not extreme greed levels but they are elevated.

At the same time, and as we focus on here at the VRA regularly (because very few in the financial media are) the US economy just keeps rocking.

We just had the busiest airline travel day ever, along with the best Black Friday and Cyber Monday on record. 

Each major US index (except small caps) is hitting “extreme overbought on steroids” (EOBOS), our most overbought designation. Of note however, this is only on our daily charts. On weekly an...

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