Market Blog » The Arora Report Stock Market News

STOCK MARKET TRACES DANGEROUS PATTERN $SPY $GLD $SLV $AAPL $TLT

February 26, 2013

The stock market has been overbought for a while, and overbought markets can be vulnerable. Usually there is an excuse in the form of bad news that runs the overbought market down to alleviate the overbought condition. Monday was no exception. The bad news was that in Italy, Berlusconi garnered more votes than expected. He is seen as a threat to the austerity implemented by Mario Monti. In somewhat of a response to the news, the DJIA fell 216 points. In the process of falling, the stock market traced a dangerous technical pattern known as an “outside day,” which you can see on the chart linked

CHANGE IN TENANT HEALTH TARGET POST EARNINGS, TAKE MORE PARTIAL PROFITS $THC

February 26, 2013

This post was just published on ZYX Buy Change Alert. The position is long with an average price of $20.40. Currently, 40% of the full core position size is being held. Profits have been taken as high as $39.26. THC confirms FY13 adjusted EBITDA view $1.325B-$1.425B. THC also reports Q4 continuing ops EPS 52c, consensus 68c; Q4 revenue $2.33B, consensus $2.34B. THC sees Q1 adjusted EBITDA $250M-$290M. This outlook excludes any contribution related to the managed care portion of the 30 month California Provider Fee program, which is now expected to contribute $53M to adjusted EBITDA in the quarter ending

SAMSUNG MAKES PLAY AGAINST APPLE, BLACKBERRY WITH KNOX

February 26, 2013

In a major strategic move, Samsung has announced an end-to-end security solution for mobile devices for the enterprise. The solution is appropriately named KNOX. KNOX appears to be the Fort Knox of mobile security in an enterprise. The best way to understand KNOX is to break it down into two components. Platform Security Platform security includes a secure boot that allows only authorized software to run on a device. The platform also incorporates a secure version of Android developed by the National Agency. Further, an ARM TrustZone-based Integrity Measurement Architecture is implemented to continuously monitor the integrity of the Linux kernel. If there is a

APPLE PATENT FOR SOLAR WATCH COULD FIRE UP STOCK AGAIN $AAPL

February 22, 2013

Apple application 20130044215, filed with the U. S. Patent and Trademark Office (USPTO), is the best evidence so far as to how iWatch may look and work. It appears Apple is abandoning the traditional style watch in favor of a bracelet. The bracelet may have two parts, a touch sensitive flexible display and a solar power collector. The diagram illustrates Apple’s concept. “A wearable accessory device is disclosed,” says the abstract of Apple’s application filed with USPTO. “The wearable accessory device includes a flexible display coupled to a bi-stable spring. Coupling the display to the bi-stable spring allows the accessory device to

WEEKLY MARKET DIGEST: FED QUESTIONS OPEN ENDED QE

February 22, 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.) BULLS TAKE CONTROL OF THE STOCK MARKET February 22, 2013 Bulls have again taken control of the stock market this morning. Futures have been steadily rising. Europe is up strong. We will be carefully observing market internals on this bounce to give us data on what is next. Gold futures are at $1574, silver futures are at $28.52, and oil futures are $92.72. S&P 500 resistance levels are 1517, 1530, and 1537; support levels are 1500, 1480,

HEDGE FUNDS LOVE A BAILOUT QUEEN, AIG DETHRONES APPLE AS FAVORITE

February 22, 2013

Goldman Sachs, according to Reuters, says AIG has replaced Apple as the favorite pick of hedge funds. Apple’s arch enemy Google is now also favored over Apple by hedge funds. Apple has not been abandoned by hedge funds; it is now in third place. According to Goldman’s data, hedge fund’s top holdings were reported to be 80 hedge funds holding AIG, 73 hedge funds holding Google and 67 hedge funds holding Apple. These days the analyst community is favoring Google. Just today Google was upgraded by three analysts. Most notable was Bernstein raising its price target to $1,000 from $820. CLSA also raised its target

THE FED SPOOKS GOLD, STOCK AND BOND BULLS $GLD $SLV $GDX $SPY $SLW

February 21, 2013

The Federal Open Market Committee (FOMC) meeting minutes from January 29 -30 were released yesterday afternoon. Within the Federal Reserve System, the FOMC is responsible for making key decisions about money supply and interest rates. One paragraph in the minutes spooked gold and silver bulls, as well as stock and bond bulls. Here is the paragraph that caused concern: “However, many participants also expressed some concerns about potential costs and risks arising from further asset purchases. Several participants discussed the possible complications that additional purchases could cause for the eventual withdrawal of policy accommodation, a few mentioned the prospect of inflationary

INITIATE OR ADD TO PANDORA $P

February 20, 2013

This post was just published on ZYX Short Change Alert. There are reports that Spotify will introduce a free iOS app for streaming music. This means competition for P is increasing. What To Do Now? Those in the stock may consider adding a 5% tranche in the zone of $12.73 to $13.50. Those not in the stock may consider building up to a 20% position in the zone of $12.30 to $13.50. Temporarily no stop due to high volatility. Target zone is $4 to $5. Caution: due to heavy short interest, this stock is subject to short squeezes. Therefore it is