A SLIGHT HESITATION AS NASDAQ AT RESISTANCE

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

Hesitation At Resistance

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • The chart shows that Nasdaq has rallied right to the resistance level.
  • The chart shows that RSI is very overbought.
  • The chart shows that the volume during the rally is relatively low.
  • Nasdaq is experiencing a slight hesitation. Such hesitation is common when the foregoing three conditions are met.
  • It is likely that there are stops of short sellers right above the resistance line shown on the chart.
  • Expect bulls to attempt to take out the stops. When stops are taken out, it can result in an explosive up spike.
  • On the other hand, do not expect short sellers to give up so easily.  Expect short sellers to push the pedal right here because they can have close stops and RSI is overbought.
  • The future direction, when it is all said and done will come down to interest rates and earnings commentary.

Momo Crowd And Smart Money In Stocks

The momo crowd is 🔒 (To see the locked content, please take a 30 day free trial) . Smart money is 🔒.

Gold

The momo crowd is 🔒.  Smart money is 🔒.

For longer-term, please see gold and silver ratings.

Oil

The momo crowd is 🔒 oil in the early trade.  Smart money is 🔒.

For longer-term, please see oil ratings.

Markets

Our very, very short-term early stock market indicator is 🔒.  This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.

Interest rates are ticking up and bonds are ticking down.

The dollar is weaker.

Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.

Gold futures are at $1739, silver futures are at $25.19, and oil futures are $60.12.

S&P 500 futures resistance levels are 4200, 4318 and 4400: support levels are 4000, 3950 and 3860.

DJIA futures are down 52 points.

Protection Bands and What To Do Now?

It is important for investors to look ahead and not in the rearview mirror.

Consider continuing to hold existing positions. Based on individual risk preference, on dips, consider holding 🔒 in cash or treasury bills or short-term bond funds or allocated to short-term tactical trades and short to medium-term hedges of 🔒 and short term hedges of 🔒. This is a good way to protect yourself and participate in the upside at the same time.

You can determine your protection bands by adding cash to hedges.  The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.  If you do not hedge, total cash level should be more than stated above but significantly less than cash plus hedges.

It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.  High beta stocks are the ones that move more than the market.

To take a free 30-day trial to paid services to gain access to more opportunities, please click here.

This post was just published on ZYX Buy Change Alert.

 

Markets can generate substantial wealth for knowledgeable investors. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, TAKE A FREE
TRIAL TO PAID SERVICES.

Please click here to take advantage of a FREE 30 day trial.

FREE: SUBSCRIBE TO ‘GENERATE WEALTH’ NEWSLETTER

Related Posts

TECH STOCKS BREAK CRITICAL SUPPORT

To gain an edge, this is what you need to know today. Arora calls have been spot on.  Support for tech ...

WEEKLY STOCK MARKET DIGEST: BRAINARD AT FED WAKES UP – POTENTIAL FOR “SIGNIFICANT DECLINES” IN THE MARKET

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

MOMO CROWD GORGES ON THE BAD NEWS – HERE IS WHAT PRUDENT INVESTORS NEED TO KNOW

To gain an edge, this is what you need to know now. Momo Crowd Gorges Please click here for a chart of Nasdaq 100 ETF ...

IN YELLEN WALK BACK MOMO INVESTORS TRUST

To gain an edge, this is what you need to know now. Momo Trusts Walk Back Please click here for a chart of Nasdaq ...

MARKET FALLS ON YELLEN STATING THE OBVIOUS

To gain an edge, this is what you need to know now. Wall Street, the Fed and the government are motivated ...

REVIEW YOUR PORTFOLIO – TAKE PARTIAL PROFITS – BREAK OUT FAILS

To gain an edge, this is what you need to know today. For a while, we have been sharing with Arora ...

WALL STREET FRONT RUNNING THE BLIND MONEY, ETHER AND GOLD ROCKETING

To gain an edge, this is what you need to know today. Blind Money  Please click here for a chart of    ...

WEEKLY STOCK MARKET DIGEST: THANK YOU PRESIDENT BIDEN! AMERICANS’ INCOME JUMPS 21.1%

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

A ‘KEY REVERSAL’ SELL SIGNAL BUT MOMO BUYS THE DIP

To gain an edge, this is what you need to know now. ‘Key Reversal’ Please click here for a chart of  Nasdaq 100 ETF ...

MEDIA IGNORES POWELL’S FREUDIAN SLIP – MARKETS ARE FROTHY

To gain an edge, this is what you need to know now. Freudian Slip Please click here for a chart of Nasdaq 100 ETF (QQQ). Note ...

7 – 20% CORRECTION IF EARNINGS DO NOT MEET LOFTY EXPECTATIONS

Earnings Please click here for a chart of  Tesla (TSLA). Note the following: The Morning Capsule is about the big picture and not about ...

OPTIMISM OVER THE BUSIEST EARNINGS WEEK, FOREIGNERS RUSHING INTO INDIA

The Busiest Week   Please click here for a chart of  Nasdaq 100 ETF (QQQ). Note the following:  - The chart shows that the ...

WEEKLY STOCK MARKET DIGEST: HERE IS HOW TO REVIEW YOUR PORTFOLIO FOR BIDEN’S 43.4% CAPITAL GAINS TAX

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

MOMO GETTING SPOOKED ON CAPITAL GAIN TAX HIKE HEADLINE

Tax Hike Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows when the media highlighted a ...

THIS SIMPLE STRATEGY MADE 4117% PROFIT IN 2021 – TIME TO BECOME VERY CAUTIOUS

To gain an edge, this is what you need to know today. 4117% Return Please click here for a chart of S&P ...

DON’T BE MISLED BY FALSE REASONS FOR BITCOIN CRASH

  Money Laundering Crackdown Please click here for a chart of bitcoin crash (BTC). Note the following: Going into the weekend, sentiment on ...

WEEKLY STOCK MARKET DIGEST: JAPANESE BUYING MAY BE BEHIND THE MYSTERY THAT DROVE TECH STOCKS HIGHER

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

BUY ZONES ON 25 ETFS THAT ALL STOCK MARKET INVESTORS SHOULD CONSIDER

Did you make 133% return with one simple ETF – internet ETF? Have you been profiting from the power of buy ...

WEEKLY STOCK MARKET DIGEST: THE MOST IMPORTANT KEY TO THE STOCK MARKET DIRECTION

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

BLOWOUT ISM ADDS AIR TO THE STOCK MARKET BUBBLE

To gain an edge, this is what you need to know now. Prudent investors and money managers who want to gain an ...

Follow

Get every new post delivered to your Inbox

Join other followers