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VRA Letter: Keep Buying This Breakout. Relative Strength Buy Signals (FIFO). X1, TSLA, NVDA. Latest From Rich Ross. Alert: Bought ERX.

Good Wednesday morning. Once again, apologies if this sounds like a broken record, but our textbook bull market continues to gain speed as the S&P 500, Nasdaq and Nasdaq 100 have now broken out to 3-month highs. This leav ...

Posted On June 04, 20255 MIN Read
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Good Wednesday morning. Once again, apologies if this sounds like a broken record, but our textbook bull market continues to gain speed as the S&P 500, Nasdaq and Nasdaq 100 have now broken out to 3-month highs. This leaves the S&P 500 just 2.8% and Nasdaq only 3.9% from hitting new ATH's. The magnet to ATH’s is strong. 

It’s the repeating patterns that have our attention. Yesterday produced another sharp rally from a lower open, followed (once again) by a strong smart money hour. Second, the semis continue to lead , with SMH + 2.2%, another textbook bull market signal. VRA Buy Rec Nvidia (NVDA) is once again the most valuable public company of the planet, surpassing MSFT. 

Relative strength charts tell a story like few things can…

From the 4/7 lows, the semis (SMH) have led the market (SPY) higher. From the birth of QE in 2008, the semis have led the markets (in both directions). 

And NVDA has led Nasdaq higher (FIFO)...

And again, TSLA has led N...

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