October 30, 2024

By Nigam Arora & Dr. Natasha Arora

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

Strong ADP Data

Please click here for a chart of Advanced Micro Devices (AMD).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock. The chart of AMD stock is being used to illustrate the point.
• The chart shows the momo crowd buying AMD stock yesterday ahead of the earnings release.
• The chart shows when earnings were released.
• The chart shows the drop in AMD stock after earnings.
• The chart shows the proprietary Arora Report VUD indicator changed to orange when earnings were released and continues to be orange today in the premarket.