By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. ADP Data 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 chart shows that the market is consolidated below the micro resistance zone. The chart shows that RSI is very oversold.  When the market is this oversold, rallies can easily occur. The pattern that RSI has traced often leads to a lower market after a quick rally first. ADP is the largest private payroll processor in the country.  It

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. No Soft Landing 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 volume on a chart can provide you with significant information. Even though the volume was heavier on Friday, it was less than the volume near June lows and earlier in May when many tech stocks bottomed.  This is a negative for the stock market. The chart shows that the selloff in the market was on

By Nigam Arora & Dr. Natasha Arora Editors Note:  Interim Capsule was published after Powell’s speech. The Morning Capsule was published before the market open and before Powell’s speech.  Read the Morning Capsule first for the background and then the Interim Capsule.  This post is the Morning Capsule.  Interim Capsule is in a separate follow-up post. To gain an edge, this is what you need to know today. Wait For 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: Investors are eagerly awaiting Powell’s speech.  Powell