By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Relief Rally 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: The FOMC meeting concludes today.  The policy statement will be released at 2pm ET.  Powell’s press conference will follow at 2:30pm ET. The chart shows that the market is at the top of the support zone. The chart shows that RSI is sloping down, and the market is close to oversold. So far, the Fed has raised

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. China’s Red Line Investors need to pay attention to the depreciation of the Chinese currency yuan.  As of this writing, yuan is touching 7.14 against the dollar.  In The Arora Report analysis, 7.15 is likely the red line of People’s Bank of China. Depending on how China reacts, it can potentially have a significant impact on the US stock market. Mixed New Data Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. No Capitulation 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: Thank you for all of your great questions about capitulation.  Knowing about capitulation is extremely important because a capitulation provides a major buying opportunity. The bottom line is that yesterday’s price action was not a capitulation.  Please see the post “ASK ARORA: TIME TO BUY — WAS THE PRICE ACTION THIS AFTERNOON A CAPITULATION?” Producer Price Index

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today.  Hotter Inflation 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: Consumer Price Index (CPI) came hotter than the consensus. Here are the details  of the month-over-month numbers: The headline number came at +0.1% vs. – 0.1% consensus. Core CPI came at 0.6% vs. 0.3% consensus. The chart shows the release of the CPI data. Note the wide range of the bar. The high of the bar occurred