Good Monday morning. It’s Fed week, VRA 10-baggers Tesla and Vista Gold are powering higher again and our melt-up bull market theme remains very much intact. Each major Wall Street index hit ATH’s last week, driven by the Trump Economic Miracle, the Innovation Revolution and the fact that there’s an ocean of liquidity that will continue to place a bid under stock prices. And of course; don’t fight the Fed, don’t fight the tape.

The Fed will grab most of the headlines this week, as markets are certain they will cut rates at the end of their Tuesday/Wednesday FOMC meeting. followed by the Powell presser at 2:30 est (Wednesday). There is now a 95% probability that the Fed will cut by 25 bps and just a 5% chance they’ll cut by 50 bps (according to CME’s FedWatch Tool). The Fed funds rate stands at an effective 4.33% (while it should be deep in the 3% range).

The VRA System remains at 9/12 screens bullish. Were it not for the fact that each major index (plus the semis) is approaching ...