Market Blog » The Arora Report Stock Market News

GOLD TRADERS MISINTERPRETED GDP DATA $GLD $SLV $GDX

January 30, 2013

This post was just published on ZYX Buy Change Alert. Gold traders misinterpreted this morning’s GDP data. In our analysis, the U. S. economy is not weakening as shown by the headline. The headline was that GDP contracted by 0.1%. A deeper look under the surface shows that 2.6 percentage points were shaved from the GDP because of reduced government spending and less stocking of inventories by the private sector. In our view, less spending by the government is not a bad thing. Less stocking by the private sector is positive for the future quarters. Since there are less inventories in

TIM COOK NEEDS EUREKA MOMENT TO GET APPLE BACK ABOVE $700 $AAPL $GM $F $HMC $TM

January 29, 2013

The Greek scholar Archimedes exclaimed ‘Eureka’ when he noticed that the bath tub water rose as he stepped in. He understood that the volume of the water displaced was equal to the volume of his body parts in the water. He was so excited that he reportedly leapt out and ran naked through the streets of Syracuse. Apple CEO, Tim Cook, needs a Eureka moment to move Apple stock to $768. Considering the performance of Apple stock, Cook clearly needs some help. I do not expect Cook to run naked through the streets of Cupertino, but perhaps he can read my open letter

BUY TO COVER FB $FB

January 29, 2013

This post was just published on ZYX Short Sell Change Alert. There is risk going into earnings tomorrow. It is prudent to reduce risk in the portfolio by buying to cover FB right here around $30.94 for a slight gain. Aggressive investors may choose to put a stop at #31.26 in lieu of covering for the time being but exit before the earnings after close tomorrow.

APPLE PRODUCES A NEW IPAD BUT NO EXCITEMENT $AAPL $GOOG $MSFT $ADSK

January 29, 2013

Apple this morning announced a new 128 GB fourth generation iPad. The new 128 GB version is priced at $929 for WiFi plus cellular and $799 for only Wi-Fi model. “With more than 120 million iPads sold, it’s clear that customers around the world love their iPads, and everyday they are finding more great reasons to work, learn and play on their iPads rather than their old PCs,” said Philip Schiller, Apple’s senior vice president of worldwide marketing. “With twice the storage capacity and an unparalleled selection of over 300,000 native iPad apps, enterprises, educators and artists have even more reasons

APPLE STILL INNOVATING, INTRODUCES MOVIE TICKET BUYING WITH SIRI $AAPL

January 28, 2013

There is a lot of whining these days that Apple is no longer innovating. The contention is not true. My analysis of Apple’s innovations going back ten years shows that Apple continues to innovate at about the same pace as it was doing before. The big difference is that now the competition is innovating faster than Apple. Finally a bit of good news for Apple bulls; Apple has just introduced the ability to use Siri to purchase movie tickets in the United States through Fandango. This is part of today’s release of the new version of iOS dubbed 6.1. It is worth remembering that

UPDATE ON SPY TRADE $SPY

January 28, 2013

This post was just published on ZYX Short Sell Change Alert. The market is very overbought and if history is a guide, the SPY trade should work out well. However, history does not always repeat itself. For this reason, even though only 20% of the full core position is being held and there is room to add to the position, it is best to be patient at this time. What To Do Now? Those in the position may consider continuing to hold but not add. Those not in the position may wait for a signal in the Real Time Feed.

DID SENTIMENT HELP CALL A TOP IN APPLE? $AAPL $SLV $GLD

January 28, 2013

Experienced investors know that timing a sell is a lot harder than a buy. Fortunately, there is a simple tool that has served us well. The data for the tool is readily available from MarketWatch and does not cost anything. The tool is the analysis of comments on popular stocks and commodities. This column describes how the comments data from MarketWatch can be used in conjunction with other traditional pieces of sentiment data. The chart shows how the sentiment on Apple has changed and can now be interpreted as bullish. Please click here to see the chart of Apple sentiment.

APPLE CHART PATTERN SETS TARGET AT $340 $AAPL

January 26, 2013

The Apple stock chart has traced a head-and-shoulders topping pattern. This is a well-known and well-followed reversal pattern in traditional technical analysis . The pattern sets Apple’s AAPL downside target at $340. A picture is worth a thousand words, the chart tells the story. Please click here to see the chart. The pattern The pattern consists of a left shoulder, a head, and a right shoulder. In Apple, the left shoulder was formed when the price pulled back from about $650 to about $530. Please see “ Dangerous Apple chart pattern into iPhone 5 launch .” The head was formed