WEEKLY STOCK MARKET DIGEST: MOMO CROWD EXCITED ABOUT AI AGAIN, PRUDENT INVESTORS WATCH TAIWAN, MIDDLE EAST, AND EARNINGS

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By Nigam Arora & Dr. Natasha Arora

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers of The Arora Report

Please scroll down for the section ‘Protection Bands and What To Do Now.’

RECORD PROFITS AT J.P. MORGAN – CHARGES AT BANK OF AMERICA DISAPPOINT; U.S. ATTACKS YEMEN – HOUTHIS VOW REVENGE

January 12, 2024

To gain an edge, this is what you need to know today.

Produce Price Index

Please click here for a chart of J.P. Morgan stock (JPM).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The chart of JPM stock is being used to illustrate the point.
  • Earnings season has started in earnest.  The earnings reported this morning tend to have a major impact on the stock market.  Here are the details:
    • J.P. Morgan is the largest bank in the U.S. and the largest bank in the world by market cap.  For this reason, earnings and the chart of JPM are important to the entire stock market.
      • The chart shows the move on earnings.
      • The chart shows a massive rally in JPM stock from the October low.
      • The chart shows that JPM has made a new high.
      • RSI on the chart shows a divergence.  This indicates that the move up is overdone in the short term and a pullback may occur.
      • JPM stock first fell on earnings but then rose on the forecast.  JPM net interest income rose to a new record.  In plain English, net interest income is calculated by the interest earned on loans less interest paid out on deposits.  This is the seventh consecutive quarter of JPM reporting record net interest income.  JPM is forecasting that net interest income will be higher this year.
      • JPM is in the Core Model Portfolio in ZYX Buy from The Arora Report.   Long time members of The Arora Report have 410% gain on JPM.  Please see the Model Portfolio for the Buy Now rating, buy zone, and target zone.
    • On the surface, Bank of America (BAC) earnings are better than expected.  However in The Arora Report analysis, numerous special charges are disappointing.
      • BAC is also in the Core Model Portfolio in ZYX Buy from The Arora Report. Long time members of The Arora Report have a gain of 322% on BAC.  Please see the Model Portfolio for the Buy Now rating, buy zone, and target zone.
    • Wells Fargo (WFC) reported earnings less than expected.
    • Citi (C) reported better than expected earnings ex-special items.  Citi had forewarned about charges emanating from Argentina.
      • Citi is going to cut 20,000 jobs.
    • Delta Airlines (DAL), on the surface, reported earnings better than expected.  However, in The Arora Report analysis, earnings are disappointing due to rising costs.
    •  United Health (UNH), the largest health insurance company in the country, reported earnings better than expected.   However, in The Arora Report analysis, earnings are disappointing due to higher medical costs.
  • Unlike the Consumer Price Index (CPI), which came worse than expected, Producer Price Index (PPI) came better than expected.  Here are the details:
    • Headline PPI came at -0.1% vs. 0.1% consensus.
    • Core PPI came at 0.0% vs. 0.2% consensus.
  • In The Arora Report analysis, a major difference between CPI and PPI that investors need to focus on is that PPI is mainly determined by goods, whereas CPI has a large service component.  It is the inflation in services that is the problem.  In The Arora Report analysis, PPI is being helped by China.  See the section below titled “Deflation Continues In China.”
    • Yesterday, the U.S. along with allies attacked land targets in Yemen.  The purpose was to degrade Houthis’ capability to attack shipping traffic in the Red Sea.  Houthis, backed by Iran, are threatening revenge.
  • In The Arora Report analysis, this attack by the U.S. has increased the probability of the Middle East conflict becoming wider.  Prudent investors should stay alert. 
    • Oil and gold saw buying after the U.S. attack.
    • Tanker stocks are rallying after the U.S. attack on Yemen.  Stocks include FRO, DHT, SFL, and NAT.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Deflation Continues In China

CPI came at 0.1% month-over-month vs. 0.2% consensus.

Since the U.S. is a big importer of Chinese goods, inflation in the U.S. is coming down in part because of deflation in China.  

Magnificent Seven Money Flows

In the early trade, money flows are positive in Microsoft (MSFT).

In the early trade, money flows are neutral in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), Meta (META), and Apple (AAPL).

In the early trade, Money flows in Tesla (TSLA) are negative on price cuts in China.

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade.  Smart money is *** in the early trade.

Gold

Gold is being bought on the prospect of a wider Middle East conflict.

The momo crowd is *** gold in the early trade.  Smart money is *** gold in the early trade.

For longer-term, please see gold and silver ratings.

Oil

Oil is being bought on the prospect of a wider Middle East conflict.

The momo crowd is *** oil in the early trade.  Smart money is *** oil in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) has pulled back from a high of about $49,000 that it reached yesterday.  Bitcoin futures are trading at $45,875 as of this writing.

Some money is coming out of GBTC and going into other ETFs.  GBTC used to be a trust and is now converted to an ETF.  As a result, there are already billions of dollars in GBTC.

Some investors are short selling bitcoin miners such as MARA and RIOT and bitcoin asset holders like MSTR and putting the money in lower cost bitcoin ETFs.   Many other investors want to do the same thing but are not able to do it due to adverse tax consequences.

Markets

Our very, very short-term early stock market indicator was ***.  This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.

Interest rates and bonds are range bound.

The dollar is weaker.

Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.

Gold futures are at $2063, silver futures are at $23.54, and oil futures are at $73.92.

S&P 500 futures are trading at 4816 as of this writing.  S&P 500 futures resistance levels are 4826, 4852, and 4918: support levels are 4770, 4713, and 4600.

DJIA futures are down 43 points.

Protection Band And What To Do Now

It is important for investors to look ahead and not in the rearview mirror.

Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash or Treasury bills or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time.

See also  KEY TO THE MARKET IS BIDEN’S RESPONSE TO KILLING OF U.S. SOLDIERS – OPTIMISM OVER TECH EARNINGS

You can determine your protection bands by adding cash to hedges.  The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.  If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.

It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.  High beta stocks are the ones that move more than the market.

Traditional 60/40 Portfolio

Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.

Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.  Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.

 

INFLATION DATA GOES AGAINST IMMACULATE EVERYTHING DREAM OF STOCK MARKET BULLS, BITCOIN ETFS APPROVED

January 11, 2024

To gain an edge, this is what you need to know today.

Inflation

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • The chart shows that after dipping below the resistance zone, the stock market has moved up close to the top band of the resistance zone.  From the traditional technical analysis perspective, this is a positive.
  • The chart shows that RSI did not dip into the oversold zone before bouncing.  From a traditional technical analysis perspective, this is a positive.
  • There have been two reasons the stock market has been running up this week:
    • The breakout in Nvidia (NVDA) reigniting the AI frenzy
    • Whisper number of CPI coming below the consensus
  • This morning, the momo crowd was aggressively buying stocks before the release of the CPI data in anticipation of S&P 500 making a new high and S&P 500 running towards 5000 after release of the CPI data.
  • This morning, momo gurus’ whisper numbers have proven to be far off the mark. This is nothing new.  Momo gurus are almost always wrong in their analysis.
  • CPI data came hotter than the consensus and much hotter than the whisper numbers.  Here are the details:
    • Headline CPI came at 0.3% vs. 0.2% consensus.
    • Core CPI came at 0.3% vs. 0.2% consensus.
    • The data is inline with The Arora Report expectations.  We have been sharing with you that inflation is not going to come down in a straight line and the market’s estimate of six rate cuts in 2024 may prove to be too optimistic.
    • The data goes against the stock market bulls’ dream of immaculate everything.
  • Initial jobless claims also came hotter than expected. Initial claims came at 202K vs. 209K consensus.  This data also goes against the immaculate everything scenario. Initial claims is a leading indicator and carries heavy weight in our adaptive ZYX Asset Allocation Model with inputs in ten categories.  In plain English, adaptiveness means that the model changes itself with market conditions.  Please click here to see how this is achieved.  One of the reasons behind The Arora Report’s unrivaled performance in both bull and bear markets is the adaptiveness of the model.  Most models on Wall Street are static.  They work for a while and then stop working when market conditions change.
  • As is always the case, expect momo gurus to come up with a new narrative as to why you should ignore the data and buy stocks.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Iran

Iran has seized an oil tanker adding to tensions in the Middle East.  As of this writing, the momo crowd is oblivious but prudent investors should pay attention.

Layoffs

Yesterday, we shared with you:

Tech layoffs are beginning again.  Here are two examples:

  • Twitch, owned by Amazon (AMZN), is laying off 35% of its staff.

  • Unity (U), a software developer for gaming and the metaverse, is laying off 25% of its staff.

Now, Google (GOOG, GOOGL) is laying off hundreds of people from its engineering, digital assistant, and hardware teams.  Google is being adversely impacted by AI.

Amazon is also laying off hundreds of people across various divisions.  These jobs are also being adversely impacted by AI.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Amazon.

In the early trade, money flows are neutral in Nvidia, Microsoft (MSFT), Alphabet, and Meta (META).

In the early trade, money flows are negative in Tesla (TSLA) and Apple (AAPL).

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade.  Smart money is *** in the early trade.

Gold

The momo crowd is *** in gold in the early trade.  Smart money is *** in the early trade.

For longer-term, please see gold and silver ratings.

Oil

The momo crowd is *** oil in the early trade.  Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Eleven bitcoin ETFs have been approved.  Bulls are expecting that this approval will lead bitcoin (BTC.USD) first to $65,000 and then to $100,000.  Many bitcoin promoters are out promoting bitcoin targets ranging from $600,000 to $1.5M.  Bears are expecting a delayed sell the news reaction.

There is too much hype about bitcoin.  There is one important fact that is going to change bitcoin with the ETF approvals – the influence of the whales in manipulating bitcoin.

There are several truths about bitcoin that no one is talking about because they go against bitcoin promoters’ and whales’ interests.  If you are serious about making money in bitcoin or want to understand what is really going on, you need next level information.  We are working on a podcast to provide you with the next level information that is otherwise not available to the public.

Markets

Our very, very short-term early stock market indicator is ***.  This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.

Interest rates are ticking down, and bonds are ticking up.

The dollar is weaker.

Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.

Gold futures are at $2033, silver futures are at $23.14, and oil futures are at $72.72.

S&P 500 futures are trading at 4810 as of this writing.  S&P 500 futures resistance levels are 4852, 4918, and 5020: support levels are 4770, 4713, and 4600.

DJIA futures are down 95 points.

 

MAJOR RISK TO THE STOCK MARKET IN FOUR DAYS – SMART MONEY PAYING ATTENTION BUT MOMO CROWD OBLIVIOUS

January 10, 2024

To gain an edge, this is what you need to know today.

See also  WEEKLY STOCK MARKET DIGEST: WILL EXCITEMENT IN THE STOCK MARKET THAT DROVE S&P 500 TO ALL TIME HIGHS CONTINUE?

Major Risk Ahead

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

  • There is a major risk to the stock market in four days coming from China.
  • Right now, prudent investors are paying close attention to Taiwan.  Prudent investors look ahead.  As usual, the momo crowd is oblivious because the momo crowd is mostly caught up in the present momentum and does very little good analysis.
  • The chart shows Taiwan Semiconductor (TSM) compared to QQQ.
  • Taiwan Semiconductor is based in Taiwan.  Foxconn, the manufacturer of iPhones, is also headquartered in Taiwan.  The Taiwan economy is rich with technology.  Taiwan ETF EWT is 62% technology based.
  • The chart shows TSM lagging behind QQQ.  TSM has underperformed by 23.8% despite being the manufacturer of the chips that power artificial intelligence.  We would not be in the golden age of AI without TSM.  
  • Nvidia (NVDA) and AMD (AMD) stocks are running up on a renewed AI frenzy.  AI chips from both companies are manufactured by TSM.  TSM also manufactures the brain of iPhones.  At this time, there is no other company in the world that can match the advanced manufacturing capabilities of TSM.  TSM stock is not getting a premium because of the China risk.
  • TSM just reported earnings.  However, it is not the earnings that are driving the stock; it is the China risk.
  • TSM has traded as high as $145 in January 2022.  At that time, NVDA traded at $284.80.  Now, NVDA is trading at $535 and TSM is trading at $102.
  • TSM has underperformed due to the risk of a potential invasion of Taiwan by China.  We have been sharing with you that prudent investors need to be aware of the China risk.
  • The Taiwan presidential election will be held on January 13.
  • China has threatened to invade Taiwan if the pro-independence candidate Lai Ching-te of the Democratic Progressive party is elected.  
  • Lai Ching-te is leading in the polls by 3% – 10%.
  • Taiwan’s elections are regarded as the most free in the world.  China is attempting to influence the outcome.
  • If China invades Taiwan, it will be a huge negative for the stock market.
  • In the early trade, the U.S. stock market is consolidating, waiting for CPI data tomorrow.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Japan

Nikkei in Japan went up 2% on speculation that the Bank of Japan will maintain its easy monetary policy longer as inflation cools in Japan.  As we have been sharing with you, Bank of Japan policies can have a significant impact on the U.S. stock market.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Nvidia (NVDA).

In the early trade, money flows are neutral in Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT),  Meta (META), and Tesla (TSLA).

In the early trade, money flows are negative in Apple (AAPL).

In the early trade, money flows are negative in S&P 500 ETF (SPY) and mixed in Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade.  Smart money is *** in the early trade.

Gold

The momo crowd is *** gold in the early trade.  Smart money is *** in the early trade.

For longer-term, please see gold and silver ratings.

Oil

Iran based Houthis in Yemen have fired more missiles at ships in the Red Sea.  This is causing a run up in oil.

API crude inventories came at a draw of 5.215M barrels vs. a consensus of a draw of 1.2M barrels.

The momo crowd is *** oil in the early trade.  Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) ran up to $48,000 yesterday evening after a hacker got control of the SEC’s X account and posted a false tweet that bitcoin ETFs were approved.  Bitcoin fell back to about $45,000 when SEC denied that bitcoin ETFs were approved.

The consensus in the market is that bitcoin ETFs will be approved today.  However, prudent investors should note that there is significant risk to the downside if the ETFs are not approved.

Most importantly, professional investors are hedging their bitcoin positions to protect against a sell the news reaction but retail investors continue to buy bitcoin without hedging.  

Markets

Our very, very short-term early stock market indicator is ***.  This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.

Interest rates are ticking down, and bonds are ticking up.

The dollar is weaker.

Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.

Gold futures are at $2035, silver futures are at $23.05, and oil futures are at $73.24.

S&P 500 futures are trading at 4791 as of this writing.  S&P 500 futures resistance levels are 4826, 4852, and 4918: support levels are 4770, 4713, and 4600.

DJIA futures are down 12 points.

 

320% PROFITS — NVIDIA BREAKS OUT, REIGNITING AI FRENZY AHEAD OF INFLATION DATA

January 9, 2024

To gain an edge, this is what you need to know today.

Nvidia Breakout

Please click here for a chart of Nvidia stock (NVDA).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The chart of NVDA is being used to illustrate the point.
  • The chart shows NVDA stock broke out yesterday.
  • The chart shows the volume was higher on the breakout than in recent days.  This is a mild positive.
  • The chart shows RSI divergence.  In plain English, this means RSI and price action are not inline.  This is a negative.
  • The chart illustrates the power of buy zones.  Members of The Arora Report were able to buy NVDA stock at an average price of $125.51.  The core position now has a gain of 320%.
  • In the Afternoon Capsule, we shared with you:
  • Announcements from AMD (AMD) and Nvidia (NVDA) are pushing the market higher.

    • AMD is announcing an AI chip for desktop PCs.
    • NVDA is announcing GeForce RTX SUPER desktop GPUs for AI desktops.  NVDA will be able to export these chips to China.
  • Announcements from AMD and NVDA have rekindled the artificial intelligence frenzy, bringing significant buying into tech stocks.

  • The breakout in NVDA stock has reignited the AI stock buying frenzy ahead of key inflation data.
    • CPI will be released Thursday at 8:30am ET.
    • PPI will be released Friday at 8:30am ET.
  • Earnings season starts Friday morning.  Earnings season will provide many opportunities from both the long and short sides.
  • In the early trade, weakness from Europe is carrying over to the U.S.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Europe

European stock markets are under pressure on rising yields.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Nvidia (NVDA).

In the early trade, money flows are negative in Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), Meta (META), and Tesla (TSLA).

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** To see the locked content, please take a 30 day free trial) stocks in the early trade.  Smart money is *** in the early trade.

Gold

The momo crowd is *** in the early trade.  Smart money is *** in the early trade.

For longer-term, please see gold and silver ratings.

See also  EXTREME POSITIONING IN NVIDIA TAKES A HIT, FED MINUTES AHEAD

Oil

The momo crowd is *** oil in the early trade.  Smart money is ***  in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) has run up above $47,000 in anticipation of ETF approval as early as today.

Markets

Our very, very short-term early stock market indicator is ***.  This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.

Interest rates are ticking up, and bonds are ticking down.

The dollar is stronger.

Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.

Gold futures are at $2041, silver futures are at $23.32, and oil futures are at $72.57.

S&P 500 futures are trading at 4781 as of this writing.  S&P 500 futures resistance levels are 4826, 4852, and 4918 : support levels are 4770, 4713, and 4600.

DJIA futures are down 150 points.

 

YELLEN DECLARES VICTORY – STOCK MARKET CHEERS, KEY WEEK FOR BITCOIN

January 8, 2024

To gain an edge, this is what you need to know today.

Premature Victory

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • The chart shows that the stock market is consolidating below the resistance zone but above the mini support zone.
  • RSI on the chart shows that the stock market is oversold in the very short term.  Oversold markets tend to bounce.
  • Consider not paying attention to Dow Jones Industrial Average (DJIA) as represented by ETF DIA (DIA) and instead focusing on S&P 500.  The reason is that Boeing (BA), a stock in DJIA, is down about 7% as of this writing in the premarket.  BA stock is down due to an Alaska Air (ALK) plane 737 Max-9 experiencing a blowout incident with a door plug.
  • Treasury Secretary Yellen has declared victory.  She tweeted, “The American people, workers, and businesses have helped put us on a path to a soft landing.  @POTUS’s economic agenda is giving them the tools they need to grow the economy, including historic investments in infrastructure, clean technology, and semiconductors.”
  • In The Arora Report analysis, Yellen is premature.  The reason is the 40 year history of recessions that we have deeply studied.  It is important for investors to understand how recession occurs and how every single time, a vast majority of investors are blindsided and lose money.  To help those wanting next level knowledge, we are preparing a podcast.  The podcast will be available in the Arora Ambassador Club.
  • There are two important conferences that will impact several stocks and may impact the overall stock market.
    • Consumer Electronics Show is taking place in Las Vegas.  This time, the focus is on artificial intelligence.
    • JP Morgan (JPM) Healthcare Conference is taking place in San Francisco.
    • The Arora Report will be keeping track of presentations in both conferences and provide signals if they are triggered.  Buy signals will be in ZYX Buy, and short signals will be in ZYX Short.  In the event a new major trend emerges, there may be a signal in ZYX Allocation.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

India

The First Advance Estimate of India’s GDP growth is 7.3% in the current fiscal year.  This is slightly higher than 7.2% consensus.  This puts India as the fastest growing large economy in the world.

ZYX Emerging has continuously covered India for 16 years.  There are two India ETFs in ZYX Emerging Model Portfolio.  India is the best large economy growth story for the long term.  India small cap ETF SMIN (SMIN) is in ZYX Emerging Specialty ETFs Model Portfolio.  Members of ZYX Emerging who scaled into ETF SMIN when it dipped into the Buy Zone in 2023 gained 44% in less than nine months.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta (META), and Apple (AAPL).

In the early trade, money flows are negative in Tesla (TSLA) and Alphabet (GOOG).

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** (To see the locked content, please take a 30 day free trial) stocks in the early trade.  Smart money is *** in the early trade.

Gold

The momo crowd is *** gold in the early trade.  Smart money is *** in the early trade.

For longer-term, please see gold and silver ratings.

Oil

The momo crowd is *** oil in the early trade.  Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

This is a key week for bitcoin (BTC.USD).  Investors are expecting a bitcoin ETF approval as early as tomorrow.  Here is the key question for investors: Will bitcoin ETF approval be a sell the news event?  There is also a risk that the SEC may not approve a bitcoin ETF.  The consensus is that the SEC will approve several bitcoin ETFs at the same time.

Markets

Our very, very short-term early stock market indicator is ***.  This indicator, with a great track record, is popular among long term investors to stay in tune with the market and among short term traders to independently undertake quick trades.

Interest rates and bonds are range bound.

The dollar is weaker.

Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.

Gold futures are at $2026, silver futures are at $23.19, and oil futures are at $71.06.

S&P 500 futures are trading at 4733 as of this writing.  S&P 500 futures resistance levels are 4770, 4826 and 4852: support levels are 4713, 4600, and 4460.

DJIA futures are down 135 points.

 

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Nigam Arora

Nigam Arora

Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.

Dr. Natasha Arora

Dr. Natasha Arora

Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals.

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A fortune is to be made from AI stocks.

Get the list of 18 AI stocks to grab your share of the profits.

AI is a $1 Trillion Market

Making A Fortune
In Artificial Intelligence

Golden Age of Artificial Intelligence