Some Alpha to take into account. While the market sold off:
> $VNP.TO hit ATH - CAD 41.62,
> 1.4x above the 20-day average
> Mining ETF $REMX / $XME down 2.5% today
> Space ETF $UFO / $ARKX down 1% today
There are only a few reasons why this is happening.
- This is a massive signal that while retail and the market sold off, certain tutes are accumilating massive sizing, as shown with the decoupling from its ETF (both red).
- Insiders, contract or big news incoming with recent Space catalysts circulating with the $SPCX IPO.
I added 5% more to this position from the setup. Historically strength stays strong. Which gives me no reason to believe this thesis is finished.
RSI is slightly overextended but nothing major.