By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Consumer Confidence Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: From the Interim Capsule published earlier to give you an edge: In the Morning Capsule, we shared with you that the momo crowd was aggressively buying but their reason to buy was flawed.  The momo crowd buying became even more aggressive at the market open. Smart money first started selling lightly into the strength but then became more aggressive with selling.  NASDAQ 100 has pulled back about 3%

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Powell’s Testimony 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: Yesterday, we shared with you that investors were “buying the news” of Powell being hawkish on the first day of his congressional testimony. The chart shows that investors started the day optimistic and hoping that buying would continue during the second day of Powell’s testimony. The chart shows that investors’ hopes did not come true and there was a downdraft as

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Hawkish Powell 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 that there was angst about Powell’s testimony. In the premarket, stocks were being sold and the VUD indicator was orange, indicating net supply of stocks. The chart shows when the text of  Powell’s testimony was released. The chart shows that it was a “buy the news” reaction. Powell’s testimony was hawkish, but it