SMART MONEY TRIMS STOCKS ON STRONG JOBS REPORT – RAISE HEDGES, CHINA STOPS BUYING GOLD
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Strong Jobs Report
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:
- Cross currents in the stock market are increasing. Investors may need to handle increasing volatility due to cross currents. The best way to handle increasing volatility is to follow the protection band.
- Hedges are being raised. Please see the “Protection Band And What To Do Now” section below as well as a separate post.
- The chart shows that after hitting the low band of the support zone, the stock market made a new high.
June 7, 2024