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VRA Market Update

Friday's lows will mark the lows into what we expect will be a sharp, melt-up like move higher into year end and likely deep into Q1 2026.
We’re just not seeing anything that remotely resembles frothy action or highly extended markets. From Fridays lows, Nasdaq has rallied a rather massive 964 points. We’ll look back on Fridays significant technical reversal (from exactly the 50 dma) and realize it was the "bear-killer” (just as they started calling a top).

Here at the VRA we have a couple of go-to indicators, when it comes to market timing and potential sell signals:

1) Long time Members will recognize this relative strength chart of the Semis (SMH) to S&P 500 (SPY), likely the best market tell from the birth of Q...