Market Blog » The Arora Report Stock Market News

IPHONE 5 FRENZY COULD TAKE APPLE TO $721

August 21, 2012

iPhone 5 frenzy has caused Apple(AAPL) stock to break out and hit new highs. If the nominal breakout seen so far is successful, what is the next level for Apple stock? One good way to make an estimate is to apply the Adam Theory of Markets. The Adam Theory of Markets was described by renowned technician Welles Wilder in his 1987 book. Wilder is known for developing Relative Strength Index (RSI), Average Directional Index (ADX), Average True Range (ATR), and Parabolic SAR. Wilder’s famous work is New Concepts In Technical Trading Systems. His 1987 work on Adam Theory is not well known,

GOLD, SILVER, AND MINERS RIPPING ON SPIEGEL ARTICLE

August 20, 2012

This post was just published on ZYX Buy Change Alert Last night, we informed subscribers of ZYX Global Multi Asset Allocation Alert of the Spiegel article and its significance for various asset classes including gold and silver. ZYX Global Multi Asset Allocation Alert primarily focuses on the long-term. This is where long-term calls on gold and silver are made. For the very, very short-term, our rating on gold, silver, and miners is now neutral with positive bias; however for the short-term, our rating is neutral with a negative bias. It is a matter of time frame as explained below. Spiegel, the German magazine,

NEW IDEA ON LOW

August 20, 2012

This post was just published on ZYX Buy Change Alert LOW is a hardware retail chain. The company reported lousy earnings and gave terrible guidance. The company has been losing market share to HD. HD and LOW are like a sea-saw, they always go through cycles of one gaining market share at the expense of the other. Our analysis shows that LOW may be one or two quarters away from stabilizing its market share. In the past, one to two quarters before market stabilization has been a good time to buy. Those contemplating this trade will need patience. The stock is trading around $26.50. The market is overbought.

TAKE PARTIAL PROFITS ON ZAGG

August 20, 2012

This post was just published on ZYX Short Sell Change Alert Consider taking partial profits on ZAGG on a 10% tranche right here around $6.95.

NEW ECB BAZOOKA OFFERS OPPORTUNITY

August 20, 2012

European Central Bank Chief Mario Draghi may follow the U.S. lead and fire off his own bazooka. Requesting broader spending powers, Treasury Secretary Hank Paulson famously told Congress that he needed “a bazooka” to head off the financial crisis. German magazine Der Spiegel reports that the ECB is now considering pledging unlimited bond purchases to limit the maximum yields on sovereign debt. Draghi is bringing new boldness to the ECB and may have an itchy trigger finger on the big bazooka. The present stock market rally started in earnest after Draghi’s statement about future action: “It will be big enough.”

ZAGG CEO FIRED

August 17, 2012

Robert G. Pedersen II has stepped down as CEO and chairman. ZAGG president and COO Randall Hales has been appointed interim CEO by the board, and Cheryl Larabee has been appointed to serve as chairperson of the board, effective immediately. Pederson sold 515,000 shares of ZAGG stock, or $4,234,021 worth, as noted in an SEC Filing today. ZAGG reiterates FY12 revenue guidance of $256M, consensus $260.15M ; reiterates FY12 adjusted EBITDA guidance of $56M-$61M. ZAGG dropped about 5% in the after market. It appears there is more to the story than meets the eye. We will be digging. What to do now? Those in the

WEEKLY MARKET DIGEST: SPAIN IS THE BEST PERFORMING MARKET

August 17, 2012

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) SPAIN IS THE BEST PERFORMING MARKET August 17, 2012 Since July 24th bottom, the Spanish market is up about 25%. The up move continues this morning. Spain has been the epicenter of the European crisis. The point is that the most money is made by identifying value during troubled times. Most of Europe is on vacation and volume is light. Today is option expiration. Big moves are possible on light volume. Gold futures are at $1617,

WHY BUYING GOLD AFTER PAULSON AND SOROS IS FOOLISH

August 16, 2012

There are plenty of reasons to buy gold; buying gold just because Paulson and Soros bought gold is a fool’s game. For years, I have analyzed Form 13F Reports filed by institutional investment managers with the U.S. Securities and Exchange Commission (SEC). An institutional investment manager exercising discretion over $100 million or more is required to report holdings on Form13F to the SEC. Not only do I routinely trade gold and silver in my hedge fund, I also provide recommendations on gold and silver to both long-term investors and short-term traders of my investment alert services. One of the pleasant surprises