The Arora Report

August 26, 2020

ECOMMERCE SOFTWARE COMPANY BIGCOMMERCE HOLDINGS ADDS $34.91 $BIGC

This post was just published on ZYX Buy Change Alert.

Yesterday when BigCommerce Holdings (BIGC) was rocketing, our call was to continue to hold. Today it added another $34.91 closing at $139. In the aftermarket it is trading at $135.11. It is time to take partial profits on another 10% tranche. The volume is not high in the afterhours and those holding a large quantity will find it difficult to take profits in the afterhours. It may be better to wait until tomorrow with the full knowledge that with a stock as volatile as this one, there is no telling how it will behave.

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August 26, 2020

AN IMPORTANT SPEECH BY POWELL AHEAD — WILL HE SPIKE THE STOCK MARKET A INFLATION? $AMGN $CRM $DIA $DJIA $GDX $GLD $HON $NDX $QQQ $SLV $SPX $SPY

To gain an edge, this is what you need to know today.

Powell Speech Ahead

Please click here for an annotated chart of Dow Jones Industrial Average ETF (DIA) which represents the popular stock market index Dow Jones Industrial Average (DJIA).

Note the following:

The chart shows that Dow Jones Industrial Average is the only major stock market index that has not yet made a new high. The two other stock market indexes S&P 500 (SPX) represented by S&P 500 ETF (SPY) and Nasdaq 100 (NDX) represented by (QQQ) have already made new highs.
The chart shows expansion of the Fed’s balance sheet from $0.87 trillion in 2007 to $7 trillion on the way to $10 trillion.

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August 26, 2020