ENTHUSIASM OVER TESLA EARNINGS, CHEVRON BUYBACK, AND STELLAR AUCTION

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

Buying Continues

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.

Money Flows

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

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.

Close

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.

Gold

The momo crowd money flows in gold are 🔒 since the Morning Capsule.

Smart money flows are 🔒 in gold since the Morning Capsule.

Oil

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

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Nigam Arora

Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.

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Dr. Natasha Arora

Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals.