WEEKLY STOCK MARKET DIGEST: AI ENTHUSIASTS, STOCK MARKET MOMO CROWD, AND THE FED IGNORE HOTTER INFLATION

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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.’

OPPORTUNITIES IN SMALL AND MICRO CAPS POST FED SHRUGGING OFF INFLATION

March 22, 2024

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

Opportunities In Small And Micro Caps

Please click here for a chart of Russell 2000 ETF (IWM) which represents small cap equities.

Note the following:

  • The chart shows small caps are still well below the high from 2021.  This is occurring at a time when S&P 500 is well above its 2021 high.  Nasdaq is even higher.
  • The chart shows a breakout attempt earlier this year that failed.
  • The chart shows small caps are at a resistance level.
  • If small caps can breakout from here, potentially, there is a significant opportunity.  The disparity between S&P 500 and small caps will ultimately be resolved by either small caps moving much higher or S&P 500 moving lower.
  • A part of the problem with IWM is that it contains a large number of small banks that have exposure to commercial real estate.  On the other hand, the momo crowd’s AI darling Super Micro Computer (SMCI) has become a major force behind day-to-day moves in IWM.
  • The Fed’s decision to shrug off inflation is positive for small caps and micro caps.
  • Both small caps and micro caps are in the ZYX Allocation Model Portfolios.  This is where you will find the buy zones.
  • Prudent investors need to be aware of the conventional wisdom and the consensus.  However, prudent investors should be equally aware that the conventional wisdom and consensus are often wrong.  When investors incorporate this simple observation, it dramatically improves the results they can achieve.  There is a perfect learning moment at hand.  The conventional wisdom as well as the consensus was that Apple (AAPL) is so beloved that investors would simply shrug off the antitrust lawsuit against Apple.  That conventional wisdom and consensus has proven wrong.  Yesterday, Apple lost over $110B in market value due to the lawsuit. 
  • AAPL stock is long from $4.68 in the ZYX Buy Model Portfolio by The Arora Report. Our call in January was to partially hedge the position.  Our call yesterday was to hedge more.  Since Apple has become a very large position due to very large gains, we have been receiving requests for a podcast on the lawsuit with an emphasis on what to do now. A podcast will be done only if there is high demand.  If you are interested in such a podcast, write to ambassador@thearorareport.com.
  • In another sign of consumers slowing down their spending binge, especially at the low end, spending is slowing on athletic wear and shoes.  After earnings, Nike (NKE) stock has fallen about 7% as of this writing.  After earnings, the stock of Lululemon (LULU) has fallen about 12% as of this writing.    
  • 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 allowing its currency to weaken.  Yuan fell below the key level of 7.20 per dollar. This has broad implications for investors.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Alphabet (GOOG).

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

In the early trade, money flows are negative in Nvidia (NVDA) 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 *** 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 range bound.

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 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 $2175, silver futures are at $24.83, and oil futures are at $81.24.

S&P 500 futures are trading at 5299 as of this writing.  S&P 500 futures resistance levels are 5400 and 5500: support levels are 5256, 5210, and 5020.

DJIA futures are down 9 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.

 

AI MEMORY SOLD OUT – BLOWOUT MICRON EARNINGS, GOLD OVER $2200 FOR FIRST TIME EVER, APPLE IN TROUBLE

March 21, 2024

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

AI Memory Sold Out

Please click here for a chart of Micron stock (MU).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The chart of MU stock is being used to illustrate the point.
  • Micron is the largest U.S. semiconductor memory maker.
  • The chart shows a powerful breakout to the upside after Micron reported earnings.
  • The most important item from earnings for investors is that high bandwidth memory is sold out for 2024.  High bandwidth memory is used in artificial intelligence applications.
  • In The Arora Report analysis, Micron is likely to ship $600M – $800M worth of high bandwidth memory for AI applications in 2024.  As investors understand the need for high bandwidth memory, the PE of MU stock is likely to expand.
  • Members of The Arora Report are well positioned in MU stock.  The original position is long from $21.77.  This represents a gain of 416%.
  • The Arora Report is raising the target on MU.  There will be a separate post.
  • It is not just AI.  The demand for memory is increasing, and prices are increasing.
  • Here are the important details from Micron earnings that investors should pay attention to:
    • Q2 EPS came at $0.42 vs. a consensus of a loss of $0.25.
    • Q2 revenue came at $5.82B vs. $5.34B consensus.
    • Micron projects Q3 EPS of $0.38 – $0.52 vs. $0.20 consensus.
  • The Fed has turned ultra dovish, risking inflation. The Fed has shrugged off hot inflation data.  Please see yesterday’s Afternoon Capsule for details.
  • The Fed turning ultra dovish is an important subject that all investors should deeply understand for their own financial well being.  The easiest way to understand is with the analogy of a car.  The U.S. government is pushing the accelerator pedal to the floor with reckless spending on the fiscal side.  The Fed has been applying the breaks.  Now, the Fed has lifted its foot off of the breaks.  
  • Due to the importance of investors properly protecting themselves from the change in Fed policy, we are preparing a podcast to help investors.  The podcast will be in Arora Ambassador Club.
  • Sentiment is extremely positive. Keep in mind that when sentiment is extremely positive, it is a contrary indicator.
  • 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  RAISE CASH, NEW DATA SHOWS HOTTER INFLATION – MOMO GURUS WRONG AGAIN, BULL MARKET INTACT

Apple In Trouble

Apple (AAPL) is in trouble with the U.S. government for violation of antitrust laws.  The Department of Justice is getting ready to sue Apple.    

Jobless Claims

Jobless claims came at 219 vs. 216K consensus.

Jobless claims are a leading indicator and carry 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.

Switzerland

The Swiss franc is one of the top ten most traded currencies.  In a surprise move, the Swiss National Bank cut its interest rate by 25 basis points to 1.5%.  SNB has gotten ahead of the Fed and European Central Bank (ECB) in cutting rates.  

U.K.

The Bank of England (BOE) has decided to keep its rates at 5.25%.  The hawks at the BOE are no longer advocating for interest rate hikes.

Magnificent Seven Money Flows

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

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

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

Gold is trading above $2200 for the first time ever.  Money is rushing into gold as investors try to protect themselves from the Fed apparently losing its resolve to fight inflation. 

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 being bought on the change in Fed policy.  

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 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 $2209, silver futures are at $25.63, and oil futures are at $81.02.

S&P 500 futures are trading at 5312 as of this writing.  S&P 500 futures resistance levels are 5400 and 5500 : support levels are 5256, 5210, and 5020.

DJIA futures are up 123 points.

 

MOMO CROWD WANTS THE FED TO BOW TO THEM, WHAT HAPPENS TO THE STOCK MARKET IF THE FED DISAPPOINTS?

March 20, 2024

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

Fed Quandary

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 is a weekly chart to give investors a longer term perspective.
  • The chart shows that the trendline is still intact.
  • The momo crowd is going to continue to buy unless there is a sustained breakdown below the trendline for more than one week.
  • The chart shows two weekly dojis.  The doji is a candle pattern where opening and closing prices are very close to each other.  A doji pattern indicates indecision.  The chart shows two weeks of indecision.
  • The latest candle shown on the chart is only for a partial week as of this writing.  The Fed decision later today will determine how the candle for this week develops.
  • The two weekly dojis are instructive in that the general belief is that the stock market is running up, but the two dojis on the chart say otherwise.
  • The FOMC statement will be released at 2pm ET today followed by Powell’s press conference at 2:30pm ET.
  • The momo crowd has continued to aggressively buy stocks.  The momo gurus want the Fed to bow to them and start cutting rates, or at a minimum clearly indicate that rate cuts are coming soon.
  • Prudent investors need to understand that the Fed and momo gurus have very different objectives.
    • The momo gurus’ sole objective is to run up the stock market in the short term in the disguise of analysis.
    • The Fed has a dual mandate – price stability and maximum employment.
    • The Fed is concerned about the long term economy of the entire U.S.  Momo gurus are only concerned about the stock market in the short term.  
  • The Fed faces several problems:
    • The last two CPI numbers and the last PPI number were hotter than expected.  The data shows that inflation is not coming down as the Fed had hoped.
    • The economy is staying stronger than the Fed had hoped in view of high interest rates.
    • Financial conditions have become easier in spite of the Fed keeping rates high.
    • Easier financial conditions make it difficult to control inflation.
  • Financial conditions have become easier than expected for three reasons.
    • The stock market has gone up, generating a wealth effect.
    • House prices are going up, generating wealth effect.
    • The federal government continues to recklessly spend on a variety of programs and that spending is making financial conditions easier.
      • It is like the Fed is pushing the brake pedal on the monetary side and the government is pushing the accelerator at the same time on the fiscal side.
  • Here’s the key question for investors, “What happens to the stock market if the Fed decides to do the right thing?”
  • In The Arora Report analysis, the right thing for the Fed to do is to keep interest rates high until financial conditions tighten or inflation data gets better or the economy weakens.
  • The stock market is not prepared for the Fed to do the right thing.  If the Fed decides to do the right thing, expect a pullback in the stock market.  On the other hand, if the Fed decides to bow to the momo crowd, expect the rally to continue, potentially reaching 5400 in S&P 500.
  • The guidance may change after the Fed meeting.  
  • 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  THE NVIDIA CHART SHOWS THE IMPORTANCE OF EARNINGS FROM TESLA, META, MICROSOFT, AND ALPHABET

U.K.

U.K. data often precedes the U.S. data in the same direction.  In the U.K., Consumer Price Index (CPI) came cooler than expected.  Here are the details:

  • Headline CPI came at 0.6% month-over-month vs. 0.7% consensus.
  • Headline CPI came at 3.4% year-over-year vs. 3.5% consensus.
  • Core CPI came at 0.6% month-over-month vs. 0.7% consensus.
  • Core CPI came at 4.5% year-over-year vs. 4.6% consensus.

Magnificent Seven Money Flows

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

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

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

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and positive 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 *** 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 draw of 1.519M barrels vs. a consensus of a build of 0.077M 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) is range bound.

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 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 $2156, silver futures are at $24.98, and oil futures are at $81.45.

S&P 500 futures are trading at 5238 as of this writing.  S&P 500 futures resistance levels are 5256, 5400, and 5500 : support levels are 5210, 5020, and 4918.

DJIA futures are down 57 points.

 

NVIDIA TO EXTEND ITS AI DOMINANCE – MOMO TURNS NVIDIA INTO A CASINO – SELL THE NEWS REACTION

March 19, 2024

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

Extending AI Dominance

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 the Arora signal to hedge NVDA stock near the high prior to the big drop shown by the outside day on the chart.  Members of The Arora Report have huge profits in Nvidia as NVDA was bought at an average price of $125.51 in the buy zone shown on the chart.
  • The signal to hedge NVDA stock was given ahead of the much anticipated Nvidia GTC.  The momo crowd aggressively bought ahead of GTC.  The chart shows that the Arora call to hedge, so far, has been as perfect of a signal as it gets in real life.  So far, there has been a sell the news reaction to the Nvidia conference.
  • We had previously shared with you that Nvidia has become the favorite of the momo crowd, replacing Tesla (TSLA) for aggressively buying call options.  Yesterday, the momo crowd turned NVDA stock into a casino.  The momo crowd was buying stock options betting that NVDA stock would double by the end of the week – now think about it, doubling in NVDA would mean adding $2T of market value in one week. Even a simple analysis would have shown that NVDA stock doubling in a week was impossible, but do not tell that to the momo crowd.  The momo crowd was wagering its hard earned money on the impossible that NVDA stock would double this week.  The YOLO (you only live once) element has turned NVDA stock into a casino.
  • The chart shows that NVDA stock has broken the trendline in the early trade.  However, it is still early.  NVDA stock can recover from here.  If NVDA stock does not recover and decisively breaks the trendline, expect more selling to come in.
  • ‘Incredible’ is the only word that can describe Nvidia CEO Jensen Huang’s keynote speech.  Nvidia is clearly on a path to extend its AI dominance.
    • It is still early in the AI race.
    • Nvidia announced that Blackwell will be the successor to Hopper.  Hopper is the present generation AI chip.
    • Blackwell performs significantly better in both inference and training compared to Hopper.
    • Blackwell enables generative AI on trillion parameter large language models.
    • There is a new 800G backend switch on both Ethernet and InfiniBand.
    • Nvidia is strategically moving to capture more of the value chain for AI.
  • It is very important for investors who are serious about capturing profits from AI over the next several years to develop a deeper understanding of AI and how to invest in AI.  The easiest and best way is to listen to the podcasts in Arora Ambassador Club.
  • FOMC meeting starts today.
  • 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.

Housing

Housing continues to be strong.  Housing starts came at 1.521M vs. 1.435M consensus.

Building permits came at 1.518M vs. 1.485M consensus.

Japan

Bank of Japan (BoJ) raised interest rates for the first time in 17 years, exiting negative rates.  Japan was the last country to have a negative interest rate.  BoJ’s dovish commentary indicates that Japan is not about to enter a tightening cycle like the U.S. and Europe.

We have been sharing with you that what the BoJ does will have a major impact on the U.S. stock and bond markets.  In the long term, this is negative for the U.S. stock market. Money was borrowed in Japan at negative interest rates and then invested in the U.S. markets and elsewhere.  With interest rates in Japan now in the positive, less money will flow from Japan into the U.S. markets.

See also  NEW DATA POINT SHOWS INSATIABLE DEMAND FOR AI CHIPS BUT CHART SHOWS BROADENING TOP PATTERN

Magnificent Seven Money Flows

In the early trade, money flows are positive in Apple (AAPL) and Alphabet (GOOG).

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

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 *** stocks 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 dropping as bitcoin whales take profit and whale memes follow the whales in taking profits.

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 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 $2161, silver futures are at $25.08, and oil futures are at $82.09.

S&P 500 futures are trading at 5198  as of this writing.  S&P 500 futures resistance levels are 5210, 5256, and 5400: support levels are 5020, 4918, and 4852.

DJIA futures are down 19 points.

 

NVIDIA CEO JENSEN HUANG SPEECH MAY DETERMINE COURSE OF AI RALLY – HUANG MORE IMPORTANT THAN POWELL

March 18, 2024

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

Huang Speech Ahead

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 stock is being used to illustrate the point.
  • The chart shows the longest ever run in NVDA stock.
  • The chart shows that lately NVDA stock has been volatile after it traced an outside day.  In traditional technical analysis, an outside day is a reversal pattern.
  • The chart shows an Arora signal to hedge was given at the top, right before the big drop.  Members of The Arora Report have very large profits in NVDA as the stock was bought at an average of $125.51 in the buy zone shown on the chart.  NVDA is trading at $902.16 as of this writing in the premarket, representing a profit of 619% in 17 months.
  • RSI on the chart shows the NVDA is no longer technically overbought and can go either way.
  • Expect the crowd to continue to buy NVDA as long as the trendline shown on the chart holds.
  • NVDA has now become the most popular stock for call option buyers, replacing Tesla (TSLA).  Call options are bullish bets.
  • As we previously shared with you, Nvidia’s annual AI conference is starting today.
  • Since the stock market has been driven by the AI frenzy and NVDA stock has been the leader, the Nvidia conference is a very important event for the stock market.
  • Most important is Nvidia CEO Jensen Huang’s speech this afternoon.
    • Expectations are running extremely high.
    • Investors are eagerly awaiting Huang’s vision for artificial intelligence.
    • Investors are also awaiting developments on the next AI chip from Nvidia that will replace H100.
  • In an incredible turn of events, Jensen Huang has become more important for the stock market than Fed Chair Jerome Powell.
  • Apple (AAPL) has fallen behind in AI.  Now, Apple is trying to catch up by licensing Google’s Gemini and negotiating with Google to incorporate Gemini into the iPhone.
    • In The Arora Report analysis, such a move will bring regulator scrutiny.
  • In The early trade, excitement over Nvidia’s AI event is driving aggressive momo crowd buying in 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.

Magnificent Seven Money Flows

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

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

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

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.

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 $2165, silver futures are at $25.45, and oil futures are at $80.93.

S&P 500 futures are trading at 5222  as of this writing.  S&P 500 futures resistance levels are 5256, 5400, and 5500: support levels are 5210, 5020, and 4918.

DJIA futures are up 63 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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