Good Thursday morning all. Not only was yesterday a big up day across the board, with gains of 1% to 1.5% in each of our broad market indexes (small caps led the way, +1.51%. Importantly we had confirmation from the internals, namely in NYSE up-volume, which came in a big 85.6%. Roughly 3:1 positives everywhere else. After Mondays 90% down volume day in NSYE, which looked to us like a clear sign of capitulation, yesterdays stellar readings were ’significant”.

I’ll repeat; Monday’s sell-off, which had the Dow -950 at one point, should mark the lows for this cycle move higher…


Good Friday morning all. Some interesting data here; for the last 6 months the markets have sold off into today’s options expiration, with those Friday lows marking THE lows into months end.

And here’s MORE bullishly compelling data from our investor sentiment surveys. In addition to the Fear & Greed Index, which hit 31 on Tuesday (Fear), last nights AAII sentiment readings are “mind blowing”.
Bulls are down to 22.4% (-17%) with bears up to 39.3% (-12%). Stunningly bullish to have retail investors this bearish when we’re mere days away from ATH’s.


Good Thursday morning all. As we welcome new VRA Members it’s important that we’re all on the same page. That means understanding the VRA Investing System, ensuring that we are positioned to crush Mr. Market. As we begin trading today, the VRA System sits at 9/12 Screens Bullish. Our two bearish screens are a) valuations and b) market internals (valuations look to flip to a bullish screen in the 4th quarter) with 1 screen neutral (VRA Momentum Oscillators). We also note that seasonality is not on our side during September to early/mid October. …


Good Thursday morning all. Yesterday marked the 51st record close in S&P 500 this year and another ATH in Nasdaq, as it holds above the 15,000 plateau. And our internals put up another positive day…that’s 4 in a row, which hasn’t happened in several weeks. And this biggie; for the 4th day in a row small caps led the markets higher. How bout that sports fans….just 5 days after hitting the 200 dma and extreme oversold on our momentum oscillators, the Russell 2000 is now leading higher.

Our friends at the Stock Traders Almanac have some interesting seasonal research this…


Good Thursday morning all. 1% losses across the board yesterday but we did see an improvement in the internals (most notably in Nasdaq where up/down volume was flat). The markets are in mini-correction mode based primarily on the 3 factors we’ve been covering here; seasonality, internals and anxiety over the Fed.

Yesterdays Fed minutes showed that the Fed is now talking up the possibility of reducing the $120 billion in monthly QE. But we’ll note that these comments are from the July Fed meeting and prior to our most recent economic reports that showed a significant reversal in consumer confidence…


Good Thursday morning all. Another poor jobs report (ADP) took the Dow down 323 points yesterday. Like the Obama economy, we should get used to reports like this. Soon, and take this to the bank, they’ll be manipulated to start looking better, with part time and low paying jobs making up the bulk of the jobs gains. But remember, little of this will matter to our melt-up markets, which will only continue to head higher. …


Good Thursday morning all. Excellent day in the Dow Jones yesterday (+210…we love both the Dow and R2K charts here) but slow summer-like day elsewhere. ATH’s once again in S&P 500 and we’ve now had back-to-back-to-back days with ATH’s in the semis as SMH put up a bit of a furious rally into the final 15 minutes to close just slightly green (we own SOXL, the 3 x Semi ETF), as semis and tech have continued to lead the way higher. Little is more bullish….semis lead nasdaq/tech, nasdaq leads everything else.

Dow futures +50, nasdaq -10 this AM.

Reminder that…


Good Thursday morning all. Yesterday may have been a quiet day on the surface, but like ducks on the water it was a much different story below the water line. We’ve just had back to back days with fresh ATH’s in Nasdaq and Q’s (Nasdaq 100), the semis led the way higher (they’ll hit ATH’s soon), and we just had our best readings of VRA Investing System internals in 7 trading days. And this morning, S&P 500 futures have joined the party, hitting ATH’s in premarket trading.

Can you hear that sound in the near distance? It’s the drumbeat of…


Good Thursday morning all. As we have covered in previous updates, as bad as J Powells track record is (once his pressers begin the markets immediately start to tank), JP actually scored a win yesterday. When he began speaking the Dow was -309 and Nasdaq -104, but by the close the Dow was -265 and Nasdaq down just -33. Not much of a W, granted, but a W nonetheless.

Markets are mixed this AM but off the lows. Gold got smoked below $1800/oz (last $1780), now trading below its 200 dma of $1843/oz.
GDX (miner ETF) just broke its 200…


Good Friday morning all.

Yesterday's trading brought fresh ATH in the S&P 500 with the Dow and Russell 2000 less than 1% from ATH and Nasdaq starting this AM at 1.3% from ATH. And while yesterday's internals were nothing to write home about (meme wars), we continue to like what we see as the semis and Nasdaq/tech/growth/momentum stocks are leading the way higher. SMH (Semi ETF) +1.31%, Nasdaq +.78%. Textbook, really.

As Tyler’s been known to say on our podcasts, “new ATH’s beget new ATH’s”…and he’s exactly right, as analytics prove that there is rarely a better time to invest…

Kip Herriage

Contrarian Capitalist. Author, Publisher Vertical Research Advisory (https://www.vrainsider.com/ ) Top Ranked Investment Advisory. Opportunity is everywhere!

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