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VRA Letter: Parabolic Move Higher; Next Up. The “Stunning” Reality of US Economic Health. Latest From Rich Ross. Buy Energy Stocks. Xtract One; Guidance of 400% Growth & Truth About Evolv Tech.

VRA Letter: Parabolic Move Higher; Next Up. The "Stunning" Reality of US Economic Health. Latest From Rich Ross. Buy Energy Stocks. Xtract One; Guidance of 400% Growth & Truth About Evolv Tech.   November 08, 2023 Good Wednes ...

Posted On November 08, 20235 MIN Read
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VRA Letter: Parabolic Move Higher; Next Up. The "Stunning" Reality of US Economic Health. Latest From Rich Ross. Buy Energy Stocks. Xtract One; Guidance of 400% Growth & Truth About Evolv Tech.
 
November 08, 2023

Good Wednesday morning. Following the parabolic move higher in each major US equity index from the 10/27 lows…just as seasonality was turning bullish…on the VRA System we now have each index hitting extreme overbought levels, but importantly this is only on our shortest term momentum oscillators. Combined with the shockingly bullish technical signals that we’ve seen over the last 8 trading days it remains our view that important lows are in place and that pullbacks from here should continue to be bought (if we have pullbacks, that is).

Frankly, this has the feel of a market that could just keep going higher into year end, but I’ve also seen…on more occasions than I can count…where we’ve seen one last shake-out that gives the BIG money a...

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