By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know now.
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:
- In the Morning Capsule, we shared with you optimism from Tesla (TSLA) earnings.
- The chart shows the market moving up in the premarket from enthusiasm over Tesla earnings.
- The massive buyback announcement from oil major Chevron (CVX) is adding to positive sentiment. Chevron will buy back $75B of stock or about 20% of its outstanding shares.
- The White House is blasting the massive Chevron buyback. Expect more politicians to criticize the buyback and perhaps start talking about a windfall tax.
- The chart shows when the Treasury auction results were announced. The auction was stellar. Here are the results:
- $35B 7-year Treasury note auction
- High yield: 3.517% (When-Issued: 3.538%)
- Bid-to-cover: 2.69
- Indirect bid: 77.1%
- Direct bid: 16.8%
- The market is at a critical level. If there is a move up from here, bulls will be emboldened.
- The VUD indicator is the most sensitive measure of net supply demand in real-time. The orange represents net supply and the green represents net demand.
- The VUD indicator is mixed.
The momo crowd money flows since the Morning Capsule are 🔒 (To see the locked content, please take a 30 day free trial).
Smart money flows since the Morning Capsule are 🔒.
Short squeeze money flows are 🔒.
A Special Note To New Subscribers
Note the smart money behavior. Smart money tends to sell into strength on strong up days.
New subscribers should consider adopting smart money’s way of investing and trading.
Sentiment is 🔒.
Sentiment is a contrary indicator at extremes. In plain English, this means that when sentiment becomes extremely positive it is time to sell and when sentiment becomes extremely negative it is time to buy.
There appear to be buy on close orders.
There is merit to watching the pattern of market on close orders as they represent the day’s dominant net cumulative activity by many professionals and funds.
The momo crowd money flows in gold are 🔒 since the Morning Capsule.
Smart money flows are 🔒 in gold since the Morning Capsule.
The momo crowd money flows in oil are 🔒 since the Morning Capsule.
Smart money flows in oil are 🔒 since the Morning Capsule.
Buy Zones And Buy Now Ratings
This post was published yesterday in The Arora Report paid services. Since then the Morning Capsule has had an update in the paid services.
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