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VRA Letter: Quick Hitters Round Two.

Good Friday morning. VRA Quick Hitters. 1) Right on cue: textbook rotational, broadening action into value and mid/small caps with extreme overbought readings in growth (as they pause, only) with another day of excellent internal ...

Posted On July 12, 20244 MIN Read
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Good Friday morning. VRA Quick Hitters.

1) Right on cue: textbook rotational, broadening action into value and mid/small caps with extreme overbought readings in growth (as they pause, only) with another day of excellent internals. This is the exact broadening action we’ve been forecasting. 

The Dow just hit ATH. Now we have just one index that’s yet to hit ATH; Russell 2000 (small caps).

All of the bears complaining about “horrible internals” have gone into hiding….check out these readings. Garlic strong, back to back days.

2) GDX just hit a 2 year high. The GDX to Gold relative strength chart that we’ve been focused on has gone parabolic. There is no stronger buy signal.
Almost no one is even talking about the miners. Recipe for a major move higher. Gold will soon breakout to ATH’s and then pick up speed. 

3) Value stocks are ramping (small caps on a major breakout, as seen below), again while tech is taking an "extreme overbought" pause, as rates plumme...

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