MOMO GETTING SPOOKED ON CAPITAL GAIN TAX HIKE HEADLINE

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Tax Hike

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

Note the following:

  • The chart shows when the media highlighted a report that Biden would raise capital gains tax to 43.4% for the wealthy.
  • The chart shows the market falling on the report.
  • There is nothing new here.  This is exactly what Biden said on the campaign trail and all along.  It is just that the momo crowd has stars in their eyes and they believed that Biden will not raise taxes without any evidence for such a belief.
  • 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 shows that even though the price fell, the net supply of stock was minimal and after a period of brief net supply, there is net demand for stocks as of this writing.

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 neutral.

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.

See also  WEEKLY STOCK MARKET DIGEST: MOMO CROWD BUYING STOCKS AND FIGHTING THE FED AGAINST THE AGE OLD WISDOM

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

🔒

Nibbling

🔒

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.

This post was published yesterday in The Arora Report  paid services.  Since then the Morning Capsule has an update in the paid services.

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