Newsletter

VRA Letter: Significant Outside Reversal Days in 2/10Year Bonds & HYG. Rich Ross, Buy Semis/tech, Bonds, Bitcoin & Tesla.

VRA Letter: Significant Outside Reversal Days in 2/10Year Bonds & HYG. Rich Ross, Buy Semis/tech, Bonds, Bitcoin & Tesla.   October 24, 2023 Good Tuesday morning. Last Thursday/Friday we focused on the “outside day” t ...

Posted On October 24, 20234 MIN Read
Share:
vra-default-img

VRA Letter: Significant Outside Reversal Days in 2/10Year Bonds & HYG. Rich Ross, Buy Semis/tech, Bonds, Bitcoin & Tesla.
 
October 24, 2023

Good Tuesday morning. Last Thursday/Friday we focused on the “outside day” that took place in 2 year bonds, as an intraday spike higher in yields was followed by a sharp reversal lower, taking out both the highs and lows of the previous days trading, creating a technical buy signal in the 2 year. Outside days commonly mark significant reversal signals, especially when they take place in highly correlated asset classes.

Below, in 10 year yields, we see what may be an even more important outside day that took place yesterday as the 10 year yield surged past 5% at the open of trading and then reversed sharply lower to 4.84% this AM. The 10 year is a widely followed global benchmark for interest rates and this rather massive outside day from yesterday may be another important tell that the Fed has reached the end of their 19 mont...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

February 23, 2024
VRA Letter: Textbook “Roaring 2020’s” Bull Market Action Continues. Deja Vu. Semis Continue to Lead. Falcon Oil & Gas and Tamboran Investor Webcasts (Sunday)

Good Friday morning. Yesterday produced fresh all-time highs in the S&P 500, Dow Jones, Semis (SMH), Nasdaq 100 and 4/11 S&P 500 sectors. We continue to witness textbook (early) bull market action, with brief consolidations and rotations, followed by accelerating gains. And remember, we’ve yet to even hit all-time highs in full Nasdaq (close) and […]

February 22, 2024
VRA Letter: Nvidia Posts Another Stunning Quarter. Alert: UVXY Stop Loss. Interview with WAR, Own Bitcoin. Falcon Oil & Gas. Xtract One/Evolv.

Good Thursday morning. The AI "king of the hill” did it again yesterday with Nvidia posting (another) quarter with absolutely stunning growth. NVDA Bottom Line, as Tyler outlined in his podcast yesterday: - Earned $5.16/sh, beating already sky-high estimates of $4.64/sh. - Revenue also came in above expectations, totaling $22.1 billion vs forecasts for $20.5 billion. - Record data center […]

February 21, 2024
VRA Alert: Bought UVXY. Nvidia Earnings & VRA Portfolio Game Plan. Interesting Internals Point to “Textbook” Consolidation.

Good Wednesday afternoon. VRA Alert: We bought UVXY (3 x lev Volatility ETF) @ $7.83. This is a trade only and we will keep stops in the 15% range (meaning if UVXY falls to $6.65 we will sell). Question from VRA Member Nathan about this hedge: Question: What percentage of hedge do you put on your portfolio? […]

February 21, 2024
VRA Alert: Buy UVXY. Interview with WAR @ 3PM EST. Market Update. Portfolio Notes; Small Caps/TNA. Palantir. Bitcoin.

Good Wednesday morning. I’ll be on Real Americas Voice TV today in the 3PM EST hour today with our great friend Wayne Allyn Root. The primary topic is Bitcoin and how to profit from what we expect will be a major move higher with the BTC halving in approx 60 days. Please join us. VRA […]

February 20, 2024
VRA Letter: Some Consolidation. BTC Halving and What It Means. Reminders of the Roaring 2020’s. Palantir, Falcon Oil & Gas.

Good Tuesday morning. Futures are slightly lower this morning, as last weeks (small) losses/consolidation helped to work off the broad markets overbought conditions. All eyes are on Nvidia earnings, which will be announced tomorrow after the close. Will the NVDA report be a “buy the rumor, sell the news” event, as so many are talking […]