By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Momo Trusts Walk Back Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: April ISM Non-manufacturing Index came at 62.7% vs. 65% consensus. This is a leading indicator.  Even though the number came less than the consensus, it is still a very strong number in our analysis.  However, the momo crowd reacted to the number by buying.  Momo’s reasoning is that the weaker number backs up Yellen’s walk back on interest rates.  Yellen’s walk back literally means that

By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Wall Street, the Fed and the government are motivated to keep investors invested in the market.  Prudent investors understand this and look out for their own best interest by learning not to depend on those motivated to keep them invested regardless of market conditions. The risk in this market is higher than generally believed. For proof, look no farther than the drop in the market when Treasury Secretary Janet Yellen stated the obvious. Yellen States The Obvious Please click here for

To gain an edge, this is what you need to know now. ‘Key Reversal’ Please click here for a chart of  Nasdaq 100 ETF (QQQ). Note the following: Today a ‘key reversal’ occurred in Nasdaq. In traditional technical analysis, a key reversal is a sell signal. The trigger for the key reversal was twofold. A sharp rise in interest rates. Extreme bullishness in sentiment on tech stocks. The chart shows the key reversal. The momo crowd aggressively bought the dip and has continued to buy aggressively as of this writing. The VUD indicator is the most sensitive measure of net supply demand

To gain an edge, this is what you need to know now. Freudian Slip Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows when the FOMC statement was released. In the past, the market would often run up when the statement was released. Today the market did not run-up. The chart shows the market started running up when Powell started speaking.  The reason was that Powell stayed steadfast that he was going to continue to print money at the present rate in spite of strong economic data. Powell clearly stated that it is not yet