The Arora Report

April 1, 2019

PAY ATTENTION TO THE NEW GOLDEN CROSS IN THE STOCK MARKET BUT NOT FOR THE REASON YOU WOULD THINK $AAPL $AMZN $FB $AMD $SPY $DJIA $QQQ $IWM

There is a new so-called golden cross in the stock market. Consider paying attention to it, but not for reasons others have cited.

Let us explore the issue with the help of a chart.

Chart

Please click here for an annotated chart of S&P 500 ETF SPY. Investors may also want to observe similar behavior on the charts of Dow Jones Industrial Average DJIA, Nasdaq 100 ETF QQQ, and small-cap ETF IWM. Those don’t produce a golden cross or a death cross at the same time. Please note the following:

• The chart shows the new golden cross.

• A golden cross occurs when the 50-day moving average breaks above the 200-day moving average.… Please click here or the title below to read more.

April 1, 2019

LYFT: POOR PRICE ACTION AND NEGATIVE MONEY FLOWS $LYFT

This post was just published on ZYX Buy Change Alert.

Price Action And Money Flows

Contrary to the popular expectations of Wall Street, LYFT (LYFT) has experienced poor price action and negative money flows since it started trading after the IPO.

Syndicate Support

There was a wide spread expectation that the syndicate would support $80 level and the stock would not fall below $80. Our call was very different. For those who did not get shares in the IPO, the buy zone given before LYFT started trading had a low band of $78. Our expectation was that support would most likely come in the zone of $75 to $76.50.

… Please click here or the title below to read more.

April 1, 2019