WEEKLY STOCK MARKET DIGEST: PRUDENT INVESTORS HEEDING EXTREME SENTIMENT

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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.’

 

MOTHER OF ALL REPORTS GIVES AMMUNITION TO BOTH BULLS AND BEARS

March 8, 2024

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

A Murky Report

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 in the big picture, the market has not moved much on the Jobs Report.
  • On a micro level, there was initially selling on the Jobs Report but the dip was aggressively bought running up the market.
  • The trendline on the chart shows that the stock market is beginning to break away to the upside from the trendline.
  • The chart shows that the stock market is comfortably above the support zone.
  • RSI on the chart shows that it is easier for the market to go higher than lower.
  • Jobs Report, also known as the mother of all reports, is murky giving ammunition to both stock market bulls and bears. Here are the details:
    • Non-farm payrolls came at 275K vs 195K consensus.  This indicates that the job growth is a lot stronger than expected.
    • Nonfarm private payrolls came at 223K vs 150K consensus.  This indicates that the job growth is strong in the private sector.
    • Unemployment rate came at 3.9% vs 3.7% consensus. This indicates that while the job growth is strong unemployment is rising.
    • Average hourly earnings came at 0.1% vs 0.3% consensus.  In The Arora Report analysis, this is the most important data point for investors.  This data indicates that hourly wages are rising at the rate of 1.2% annualized.  This is much lower than what workers would like but is great for the profits of corporations and also for curbing inflation.  This data point is positive for the stock market.
    • Average work week came at 34.3 vs 34.3 consensus.
  • The forgoing data is such that the analysts can convincingly make a case for all three of the following depending on personal bias:
    • No landing
    • Soft landing
    • Recession
  • Momo gurus are already out claiming that the Jobs Report shows no landing and as a result the stock market is going to go much higher.
  • The record shows that momo gurus are usually wrong but prudent investors need to pay attention to them because the momo crowd follows these gurus and the momo crowd is in control of the stock market these days.  Further, prudent investors need to understand that the job of the momo gurus is to run up the stock market in the disguise of analysis.  
  • Earnings from three artificial intelligence darlings Broadcom Inc (AVGO), Marvell Technology Inc (MRVL), and Mongodb Inc (MDB) were below whisper numbers.  You would think that after the tremendous rise in AI stocks, the trifecta of bad news would hit AI stocks to the downside.  However, this is not the case as the momo crowd continues to aggressively buy these stocks at these levels.  This is not a surprise because the momo crowd does not do any analysis and is driven by the momentum. 
  • The Arora Report was the first one to pick up on the importance of artificial intelligence and was the first one to write that a fortune is to be made in artificial intelligence over the next seven years (now six years).  The Arora Report portfolios have done extremely well due to the artificial intelligence rally.  Having said that, in the short term, the AI rally is overdone as is evidenced by the above referenced earnings reports.
  • 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. 

Magnificent Seven Money Flows

In the early trade, money flows are positive in Nvidia (NVDA), Meta (META), and Tesla (TSLA).

In the early trade, money flows are neutral in Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOG).

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

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) is seeing buying on hopes that whales will take advantage of low liquidity over the weekend to run up bitcoin to $80K.

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 $2172, silver futures are at $24.51, and oil futures are at $78.71.

S&P 500 futures are trading at 5173 as of this writing.  S&P 500 futures resistance levels are 5210, 5400, and 5500: support levels are 5020, 4918, and 4852.

DJIA futures are down 26 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.

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.

 

PRUDENT INVESTORS PAY ATTENTION: GOLD MAKING A NEW HIGH AT A TIME NVIDIA AND BITCOIN ARE MAKING NEW HIGHS

March 7, 2024

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

The Message For Prudent Investors

Please click here for a chart of gold ETF (GLD).

Note the following:

  • The chart shows that gold has broken out to an all time high.
  • The chart shows higher volume.  This indicates conviction in the breakout.
  • RSI shown on the chart is at an all time high.  This indicates there is high momentum behind the breakout.  Breakouts that happen with RSI at all time high tend to lead to big moves in the longer term.  However, when RSI is this overbought, it often leads to a short term pullback.
  • In The Arora Report analysis, there is an important message here for prudent investors:
    • Stock market sees clear skies as far as the eye can see.
    • Bitcoin (BTC.USD) is near all time high indicating that the speculative juices are running at all time high.
    • Nvidia (NVDA) is at an all time high and goes up every day indicating that many investors believe artificial intelligence is going to trump everything else.
    • YOLO (you only live once) is taking over in penny stocks, junk stocks, highly speculative tech stocks, as well as highly speculative biotech stocks indicating the breath of extremely positive sentiment. 
    • Gold is bought when investors want to hedge their portfolios, when investors see trouble ahead, and when investors want to be defensive.
    • Who is buying gold at a time when the sentiment is at extreme high?  The answer is prudent investors who have studied the history of the markets and know that when sentiment gets this high, it is time to buy protection.
    • Historically when sentiment gets this high, something comes out of the blue that nobody has foreseen to drive the stock market lower.
    • For those who want deeper knowledge on investing in gold, the easiest way to learn is from the podcasts in the Arora Ambassador Club.  If you would like to be on the waitlist, please fill out the form below.
  • Initial jobless claims came at 217K vs 217K consensus.  This indicates that the jobs picture is very strong, especially at the low end.  Jobs picture is weak in IT and is likely to get weaker in areas that are being impacted by AI.
  • Unit Labor Costs – Rev. came at 0.4% vs 0.6% consensus.  This indicates that costs are not rising as fast in manufacturing.  
  • Productivity – Rev. came at 3.2% vs 3.1% consensus.  Higher productivity drives the stock market higher.
  • Powell will be repeating his testimony in front of the Congress.  Expect momo gurus to twist his testimony to run the stock market higher.
  • Jobs Report, mother of all reports, will be released at 8:30am ET tomorrow.  As is their pattern, momo crowd is buying ahead of the Jobs Report on hopium.  
  • 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. 
See also  POWELL SHIFTS BUT DOES NOT ADMIT HE WAS WRONG, OPPORTUNITY IN AI DRIVEN SEMICONDUCTOR CHIP EQUIPMENT MAKER

Europe

European Central Bank (ECB) left interest rates unchanged as expected.

Japan

Speculation is building that Japan will raise interest rates in March.  If this occurs, this will be the first interest rate hike since 2007.

As we have written before in detail, Bank of Japan (BOJ) policies will have a major impact on the stock market in the US.

Two Japan related ETFs are in ZYX Allocation Core Model Portfolio.

Magnificent Seven Money Flows

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

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

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

Momo Crowd And Smart Money In Stocks

The momo crowd is *** 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.

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) is range bound.  Bitcoin whales are pushing the narrative of bitcoin going to $80K over the weekend.  Bitcoin is trading at $67,027 as of this writing.

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 $2167, silver futures are at $24.49, and oil futures are at $78.76.

S&P 500 futures are trading at 5132 as of this writing.  S&P 500 futures resistance levels are 5210, 5400, and 5500: support levels are 5020, 4918, and 4852.

DJIA futures are up 106 points.

 

BUYING AHEAD OF POWELL ON HOPIUM, KEY APPLE LEVEL, BITCOIN WHALES TAKE PROFITS

March 6, 2024

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

Stock Buying On Hopium

Please click here for a chart of Apple stock (AAPL).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The chart of AAPL stock is being used to illustrate the point.
  • The chart shows AAPL stock has fallen to a critical level – the bottom band of the support/resistance zone.
  • The chart shows where the stops of less informed investors are.
  • If the stock market starts falling, Wall Street’s hunt and destroy algorithms will go into action and take out the stops of less informed investors.
  • On very long term good positions, such as AAPL, prudent investors should consider using hedges when appropriate.  Hedging allows you to hold on to very long term positions.  For those interested in learning about hedging, consider attending the Hedge The Risk seminar.
  • AAPL stock is in ZYX Buy Core Model Portfolio and is long from $4.68.  Even after the drop in AAPL stock price, this represents a gain of 3548%.
  • The chart shows two Arora signals to hedge AAPL stock.
  • The chart shows that the hedges on AAPL are nicely profitable.
  • The chart shows RSI convergence – RSI foreshadowed AAPL stock drop.
  • RSI on the chart shows that AAPL stock is now oversold.  Expect buying to come in on the slightest bit of good news.
  • The chart shows AAPL stock making lower highs.  This is a technical negative.
  • In The Arora Report analysis, the divergence that is developing between AAPL and Nasdaq 100 ETF QQQ is a yellow caution signal for investors.
  • Here is the key question for investors: Will the divergence be resolved by AAPL moving higher or QQQ moving lower.
  • Powell is giving testimony in front of Congress.  Here are the key points Powell will say based on his prepared text:
    • Inflation has eased but remains above the 2% goal.
    • The policy rate is likely at its peak.
    • If the economy evolves as expected, it will be appropriate to begin dialing back policy restraint at some time this year.
    • Reducing policy restraint too soon or too much could result in a reversal of progress on inflation.   
    • We will be carefully listening to the Q&A.  Expect lawmakers to push Powell to cut rates.
  • The momo crowd is aggressively buying tech stocks, crypto, and other junk stocks on hopium that Powell will be dovish in his answers.
  • ADP is the largest payroll processor in the country and uses its data to give an advanced glimpse of the jobs picture ahead of the official jobs report that will be released on Friday at 8:30am ET.  ADP employment change came at 140K vs. 150K consensus.
  • The JOLTS – Job Openings report will be released at 10am ET.  It may be market moving.
  • The Fed’s Beige Book will be released at 2pm ET.  It may be market moving.
  • 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.
See also  WEEKLY STOCK MARKET DIGEST: AI ENTHUSIASTS, STOCK MARKET MOMO CROWD, AND THE FED IGNORE HOTTER INFLATION

Magnificent Seven Money Flows

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

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

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

Momo Crowd And Smart Money In Stocks

The momo crowd is *** 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

API crude inventories came at a build of 0.423M barrels vs. a consensus of a build of 2.6M barrels.

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

For longer-term, please see oil ratings.

Bitcoin

Yesterday when bitcoin (BTC.USD) reached an all time high of $69,000, bitcoin whales sold to take profits, causing bitcoin to quickly drop below $60,000.  Mom and pop saw the drop as a buying opportunity and have been aggressively buying since then, running up bitcoin to over $67,000.   

If you are a prudent investor and interested in making money from bitcoin, it is important to understand that bitcoin whales are working towards converting their bitcoin into dollars.  For their plan to succeed, masses have to be persuaded to convert their dollars into bitcoin.  For the best way to understand the true nature of bitcoin and how to profit from it in an astute manner, listen to the podcasts in Arora Ambassador Club.  If you are interested and not yet a member of the club, please write us at ambassador@thearorareport.com.

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 $2145, silver futures are at $24.06, and oil futures are at $79.26.

S&P 500 futures are trading at 5115  as of this writing.  S&P 500 futures resistance levels are 5210, 5400, and 5500 : support levels are 5020, 4918, and 4852.

DJIA futures are up 184 points.

 

PRUDENT INVESTORS WATCHING SEMICONDUCTORS FOR A SIGN OF A PULLBACK, GOLD HITS ALL TIME HIGH

March 5, 2024

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

Watch Semiconductors

Please click here for a chart of semiconductor ETF (SMH).

Note the following:

  • Semiconductors are a leading indicator and at the heart of the AI revolution.
  • The chart shows there is a 62% gain on semiconductors from the Arora buy zone.
  • The pattern shown on the chart often precedes a pullback.
  • If semiconductors pullback, the rest of the stock market will also likely pullback, as semiconductors tend to lead.
  • The chart shows the support zone.
  • As long as semiconductors stay above the support zone, the long term trend is intact.
  • Semiconductor ETF SMH has been the largest position in the ZYX Allocation Core Model Portfolio, with up to 16% allocation.
  • At The Arora Report, our two most favorite individual semiconductor stocks are Nvidia (NVDA) and Applied Materials (AMAT).  Both of these stocks are in the ZYX Buy Core Model Portfolio.  Other notable semiconductor stocks in the ZYX Buy Portfolio are NXP Semiconductors (NXPI), Qualcomm (QCOM), Micron (MU), and Analog Devices (ADI).   Among semiconductor stocks on our radar to buy are ASML (ASML), ARM (ARM),  AMD (AMD), and Intel (INTC).
  • For more details, including buy zones, on all of these semiconductor stocks and semiconductor ETF SMH, please see separate posts.
  • AMD stock is pulling back on the news that the U.S. is blocking AMD from exporting weaker AI chips to China.
  • Apple (AAPL) is a very important company for the stock market.  There is more bad news on Apple.  A wave of patriotism and a great phone from Huawei has caused Apple’s market share in the Chinese market to fall below 16% from about 20% previously.  There is selling in AAPL stock this morning as this is a surprise to many investors.  Of course, as a member of The Arora Report, you knew this in advance months ago, when we shared with you in several posts the details of the Huawei phone and the Chinese government banning the use of the iPhone in government agencies.
  • Gold has broken out to a new high on hopes of an interest rate cut.  Gold ETF GLD (GLD) is in the ZYX Allocation Core Model Portfolio.  Silver ETF SLV (SLV) and gold miner Newmont (NEM) along with buy zones are in ZYX Buy Model Portfolio.
  • The stock market is waiting for Powell’s testimony in front of Congress 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.

China

China is targeting GDP growth of 5%.  This is inline with expectations.  There are serious doubts if China will be able to meet this ambitious goal.

Prices of goods produced in China continue to fall.  This will help reduce goods inflation in the U.S.

Magnificent Seven Money Flows

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

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

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

Momo Crowd And Smart Money In Stocks

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

Gold

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

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) is trading over $68,000, near the all-time high on excitement about the upcoming bitcoin halving.  Highly misleading information about bitcoin halving is being extensively spread to run up bitcoin.  It is important to not fall prey to the widespread misinformation.  Many investors are finding the podcast titled “Bitcoin Halving – Six Secrets Whales Do No Want You To Know” to be an eye opener.

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 range bound.

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 $2134, silver futures are at $24.18, and oil futures are at $78.05.

S&P 500 futures are trading at 5116 as of this writing.  S&P 500 futures resistance levels are 5210, 5400, and 5500 : support levels are 5020, 4918, and 4852.

DJIA futures are down 133 points.

 

YOLO REARS ITS UGLY HEAD IN THE STOCK MARKET, BITCOIN HITS $65K TARGET, OPEC+ EXTENDS PRODUCTION CUTS

March 4, 2024

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

YOLO In The Stock Market

Please click here for a chart of Super Micro Computer stock (SMCI).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The chart of SMCI is being used to illustrate the point.
  • The chart shows SMCI stock ran up on its addition to the S&P 500.
  • The chart shows SMCI stock is attempting to break out.
  • The chart shows the huge run up in SMCI stock this year.
  • RSI on the chart shows that SMCI is not overbought, meaning there is more upside potential.
  • SMCI has become a favorite of the momo crowd.  The momo crowd incorrectly thinks SMCI has the same potential as Nvidia (NVDA).  Investors need to keep in mind the following:
    • SMCI moves a lot more than NVDA.  SMCI is so volatile because of the small float.
    • SMCI is an assembler of servers for artificial intelligence.  It uses components from NVDA, Micron (MU), and Marvell (MRVL).
    • NVDA has a large moat to protect it that includes IP for its GPUs.  SMCI has no moat and the barrier to entry for competitors is low.
    • SMCI sales are to hyperscalers like Microsoft (MSFT), Amazon (AMZN), and Google (GOOG).  The reason SMCI sales are booming is that they have availability of NVDA chips.  As chips become more available to competitors, SMCI will not be able to sustain its sales growth rate.
    • The momo crowd is buying SMCI due to lack of knowledge.  However, there are many investors who understand and have the knowledge of SMCI’s business.  Many such investors are short selling SMCI.  For the time being, short sellers are being overwhelmed by the YOLO crowd.
    • Taking all of the above into consideration with the quantitative analysis screen of the ZYX Change Method, in an optimistic case, the fair value of SMCI stock is $442 – $486.
  • SMCI has become a YOLO (you only live once) stock. The YOLO crowd is dreaming of SMCI going to $5,000.
  • Prudent investors need to be mindful that back in 2020 and 2021, many stocks were run up as less informed investors shifted their mindset to YOLO.  A vast majority of those stocks lost 90% of their value.  In practical terms, YOLO means when investors are willing to bet big on a stock going up, just because it is going up.  They bet big without analysis or attention to risk on the theory that there is no need to think of analysis or risk because they are going to live only once so they might as well roll the dice.  
  • SMCI is just one example.  Similar YOLO buying is beginning to happen in several other stocks.  Prudent investors need to remember that after YOLO peaked in 2021, there was a vicious bear market in YOLO stocks in 2022.
  • YOLO is a symptom of sentiment advancing in the extreme positive zone.  As we have written before, extreme positive sentiment is a contrary indicator.  In plain English, this means that extreme positive sentiment is a sell signal.  As we have emphasized before, extreme positive sentiment is not a precise timing signal.  Sometimes it leads to a market pullback in due course.  Other times, the extreme positive condition gets relieved by sentiment simply turning positive for a period of time without a market drop.  Nonetheless, it is prudent for investors to be cautious when sentiment turns to extreme positive, with the exception of short term tactical positions.    
  • Traditionally, Apple (AAPL) has been a very important stock for the stock market.  Of special interest to investors is that lately AAPL stock has not been doing well, but the stock market continues to go higher.  Apple has just been fined $2B by the European Union for abusive practices related to music streaming.
  • 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.
See also  AN NON-AI STOCK REDDIT SHOWS EXPANDING AI EXUBERANCE, IMPORTANT TREASURY AUCTION AHEAD, FED MIA

Japan

Nikkei 225 in Japan crossed 40,000.  After 34 years, the Japanese stock market has woken up.  Foreigners are rushing in to buy Japanese stocks.  Two Japan related ETFs are in the ZYX Allocation Core Model Portfolio.

Magnificent Seven Money Flows

In the early trade, money flows are positive in NVDA and Meta (META).

In the early trade, money flows are neutral in MSFT and AMZN.

In the early trade, money flows are negative in AAPL, GOOG, 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 *** stocks in the early trade.  Smart money is *** in the early trade.

Gold

Gold is knocking at the door of the psychological resistance level of $2100.

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

OPEC+ has decided to keep its production cuts in place until June.  As a member of The Arora Report, you knew in advance on February 28.  We wrote:

Oil is seeing buying on speculation that OPEC+ could extend production cuts through the end of the year.

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) whales have taken advantage of the low liquidity to drive bitcoin over $65,000.  You may recall that The Arora Report previously gave $65,000 as a target for bitcoin.

Going forward, bitcoin will be driven by excitement related to bitcoin halving.  There are six important aspects of bitcoin halving that no one is talking about that prudent investors need to know.  To help prudent investors, a new podcast titled “Bitcoin Halving – Six Secrets Whales Do Not Want You To Know” is in post production.  The podcast will be available in Arora Ambassador Club.  To get on the waitlist to join Arora Ambassador Club, please e-mail ambassador@thearorareport.com.

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 range bound.

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 $2093, silver futures are at $23.49, and oil futures are at $79.75.

S&P 500 futures are trading at 5136 as of this writing.  S&P 500 futures resistance levels are 5210, 5400, and 5500 : support levels are 5020, 4918, and 4852.

DJIA futures are down 160 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.
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A fortune is to be made from AI stocks.

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Golden Age of Artificial Intelligence