Good Thursday morning all. Multiple important bases to cover this AM. 1) Yesterdays sell-off took place on 90% downside volume in NYSE. Old school market watchers look for these as a signal of selling capitulation. We will need to see a corresponding upside day in order to validate.
Read MoreGood Friday morning all. Markets were less than enthused by what they heard from J Powell and the FED this week. On the one hand they said they would keep rates near zero through 2023…that’s been the case for all of 2 of the last 10 years…but on the other…
Read MoreGood Thursday morning all. Another set of new ATH’s in S&P 500 and Nasdaq yesterday while the Dow jumped 454 points (+1.6%), putting it just 468 points from hitting its own ATH. And the internals finally improved yesterday…after two weeks of “blah” readings. Good to see.
Read MoreCARES ACT Phase 4 Negotiations. Setting the Record Straight, With Thanks to Three Men. With congress back in session, negotiations are hot and heavy for Phase 4 of the CARES Act. I remain thunderstruck by the financial assistance that’s been provided to the American people…
Read MoreGood Thursday morning all. New closing highs in Nasdaq with a golden cross in S&P 500 looking pretty certain today, even as most everyone that I know, speak with and follow feels like the bottom could drop out at any moment. With CV mass hysteria raging (again),
Read MoreGood Thursday morning all. The 400 point swing in the Dow yesterday, from +220 to -170 at the close continues a bit this morning with Dow futures -140. One week ago today was the -1800 point move lower in the Dow (-6%) with -8% in the R2K….
Read MoreGood Friday morning all. Yesterdays 1800 point loss in the Dow is being met with +600 point gains in futures. I’ll be surprised if these gains hold. After a 48% 2-month move higher and then yesterdays -7% drop and the “hideous” internals (among the worst in history,
Read MoreGood Thursday morning all. Another 2.1 million have filed initial jobless claims, taking the total to 40 million from the onset of CV lockdowns. Many/most blue states are in no rush to reopen their economies and even in states that are reopening,
Read MoreGood Friday morning all, The VRA System has been upgraded to 4/12 screens bullish (from 3/12). Not a significant change but the action in market leadership, internals and the tape are improving. Still, we see this as a bear market rally that will result in some form of a retest….
Read MoreGood Thursday morning all. I’ll be on with the great Wayne Allyn Root tonight at 8:30 EST. Hope you can join us on either USA Radio or 790talknow.com Not how we want to start our day. Another 3 million filed for first time unemployment, taking the CV total to 36 million. Now, the WHO is out with a new report …
Read MoreGood Thursday morning all. Our bear market rally continues it's backing and filling process. Interesting reversal yesterday, featuring the catalysts we’ve been discussing here. -oil led the way lower in late February,
Read MoreGood Friday morning. Because this matches my views…pretty much exactly…let’s kick off this morning's update with a piece featuring Jeff Hirsch of the Stock Traders Almanac. I know Jeff’s father (Yale) from my early days on Wall Street. As a 27-year-old newbie,
Read More(From VRA Sunday Update to Clients)
Good Sunday afternoon. As US markets have now hit heavily/extreme overbought on VRA System readings, its time to prepare for what we expect will be a near term move lower. As you’ll read, it is our view that this bear market rally will soon end, with the possibility of a 40–50% decline from current levels over the next 1–2–3 years.
Read MoreGood Thursday morning all. VRA Members Podcast (17 minutes) -Thank you for your emails, feedback and research. Please, keep it coming. -Good news, hard truths and how we crush Mr Market. -5.5 million initial unemployment claims. 22 million in 4 weeks. Welcome to our depression.
Read MoreHi everyone, Tyler here. As you’ve heard Kip and I talking about on our podcasts, we wanted to put together a simplified document that provides links and info to the CARES Act. I hope this helps in this time of uncertainty, and while we cannot give individual financial advice,
Read MoreGood Thursday morning all. As of 10 minutes ago, 9278 dead globally. 150 in the US. Swine flu killed 500,000 globally and approx 13,000 in the US. No panic. No economic/market crash, no mass hysteria. We know what this is. Manufactured crisis. Like the Patriot Act after 9/11, this is about one thing. Control.
Read MoreGood Thursday morning all. Dow Jones -825 as I write. Classic signs of the bottoming process continue. Remember, as the news of the “corona-Bernie-Get Trump virus” appears to only get worse, markets will only move higher.
Read MoreGood Wednesday morning all. Given the fear in our markets right now, it’s a good time to share the thoughts of VRA Member Ed from Texas. 30 year veteran insider from the tech/semi industry. His insights on supply chain fears are quite a bit different from what we’re seeing from our financial MSM. Smart money right here.
Read MoreGood Thursday morning all. The Philly Fed Index (manufacturing) numbers this morning were pretty remarkable. 36.7 vs est of 8. I don’t put much stock in any single economic report…I actually trust few…but this massive beat does help to put another dent in permabears…
Read MoreGood Thursday morning all. Yesterday's +275 point move higher in the Dow brought us to 29,500 for the first time. Post fear-mongering outbreak of the corona with lime virus US markets have now jumped by approx 5%, but the semis have rocketed 8.5% higher (semi’s lead tech, tech leads the market).
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"Kip's VRA financial newsletter is a MUST read for every saavy investor in this country. Disregard it at your own peril. His mantra is my mantra. Kip Herriage's newsletter is my financial Bible."
--Wayne Allyn Root
2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"
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