AGGRESSIVE STOCK BUYING, MONEY FLOWS POSITIVE IN APPLE, MICROSOFT AND TESLA, INFLATION AS EXPECTED WITH HELP FROM DEFLATION IN CHINA
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Shelter Is Problematic
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart shows that the stock market pulled back from the mini resistance zone on signs that AI frenzy fever is breaking.
- The chart shows that there is buying in the stock market in the early trade.
- Yesterday the stock market dropped. The initial trigger was earnings from AI super computer maker Super Micro Computer (SMCI).
August 10, 2023