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VRA Letter: VRA Pre-Alert. Prepare to Add to SOXL Position Size.

Good Monday morning. We have an important “pre-alert” this morning, where we’ll soon be taking action on an additional VRA Portfolio position. If futures were not solidly higher in pre-market trading we would be taking actio ...

Posted On April 22, 20244 MIN Read
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Good Monday morning. We have an important “pre-alert” this morning, where we’ll soon be taking action on an additional VRA Portfolio position.

If futures were not solidly higher in pre-market trading we would be taking action now. Regardless, we’ll be taking action soon.

We will be putting on an "additional position" in SOXL (3 x Semi ETF), effectively going 150% long SOXL. 

Some background….

Following the bear market lows of 10/13/22 we began pounding the table on the semis and tech, with SOXL as a key VRA portfolio holding.

Roughly 7 seven months later (May 2023) we took 106% profits on 1/2 of the SOXL position (portfolio discipline), leaving us with a 1/2 position size in SOXL. Since that time the semis simply had not reached extreme oversold readings, where we would have gone back to a full position size…until now.

As you’ll see in the charts below, the semis have hit "extreme oversold on steroids" (EOSOS), our most oversold readings on the VRA investing System.
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