Market Blog » The Arora Report Stock Market News

HOLD ON BEFORE YOU CHASE ICAHN INTO APPLE $AAPL $GOOG $NFLX $HLF $CHK

August 14, 2013

After a string of spectacular investments, Carl Icahn tweeted on Tuesday at 2:21 p.m., “We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.” Apple stock was trading at $475.81 just before his tweet and shot higher right after his tweet. Icahn had previously stated that he would announce his next major investment on Twitter; therefore investors were on high alert. Four minutes later, Icahn added fuel to the fire with another tweet: “Had a nice conversation with Tim Cook today. Discussed my opinion that a larger

GOLD SOARS ON CONSUMPTION DATA FROM CHINA $SPY $GLD $SLV $USO

August 12, 2013

This post was just published on ZYX Buy Change Alert. According to China Gold Association (CGA), China consumed 706 tonnes of gold in the first six months of this year, a rise of 54% year over year. China consumed 832 tonnes of gold in the entire 2012. Both gold and silver have moved up strongly on this data. In our analysis, this data should be taken with a grain of salt. Stocks are lower this morning but so are interest rates. Gold futures are at $1337, silver futures are at $21.20, and oil futures are $105.52. S&P 500 resistance levels are

WEEKLY MARKET DIGEST: SCHIZOPHRENIC REACTION TO CHINA $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT

August 9, 2013

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) SCHIZOPHRENIC REACTION TO CHINA August 9, 2013 Yesterday the market went up in reaction to strong import export data from China. Today, the market is down on strong industrial production data from China. Industrial production increased 9.7% year over year compared to consensus of about 9%. The thought is that strong data means China is less likely to ease monetary policy. Gold futures are at $1308, silver futures are at $20.24, and oil futures

FORGET FUNDAMENTALS AND SANITY, THIS RARE EXPLOSIVE MIXTURE WILL DETERMINE THE NEAR TERM DIRECTION OF GOLD AND SILVER $GLD $SLV

August 7, 2013

Precious metals investors would like gold and silver to trade based on long-term fundamentals and make their buy or sell decisions based on logic or reason that is within the realm of sanity. Unfortunately, in the near term, reality is likely to be quite different. Forget fundamentals and sanity, gold and silver in the near term will trade based on a rare explosive mixture. The rare explosive mixture consists of weak hands on the long side as well as weak hands on the short side. It is common for weak hands to be the deciding factor on the margin either

TEST

August 4, 2013

This is a test

TEST

August 2, 2013

THIS IS A TEST

WEEKLY MARKET DIGEST: EMPLOYMENT DATA WEAKER THAN EXPECTATIONS, GOLD SPIKES $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT

August 2, 2013

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) EMPLOYMENT DATA WEAKER THAN EXPECTATIONS, GOLD SPIKES August 2, 2013 The U. S. employment data came much weaker than expectations. Non-Farm Private Payrolls came at 161K vs consensus of 195K and whisper number of 225K. Inflation is under control. June PCE Core Prices came at 0.2% vs 0.2% consensus. This is our favorite inflation indicator. Year over year PCE Core Prices are up only 1.2%. Prior to the release of the data, gold had fallen under $1285. Immediately after

TAKE PARTIAL PROFITS ON ZAGG $ZAGG

August 1, 2013

This post was just published on ZYX Short Change Alert. The present ZAGG position is short from $13.85. Profits have previously been taken as low as $6.70. Over a long period of time, significant profits have been booked by trading this position. 50% of the full core position size is being held. As of this writing the stock is at $4.73. In view of the strong overall market consider taking profits on 15% tranche of ZAGG right here in the zone of $4.60 to $4.75 before the market close. The stock reports earnings after the close.