WEEKLY STOCK MARKET DIGEST: CROSSCURRENTS IN THE STOCK MARKET CREATING UNCERTAINTY FOR PRUDENT INVESTORS

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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.’

HUGE POST DEBATE UNCERTAINTY FOR INVESTORS, NEW DATA ON FED’S FAVORITE INFLATION GAUGE AND PERSONAL SPENDING

Jun 28, 2024

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

PCE

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 attempting to break to a new high.
  • RSI on the chart shows that there is a technical set up for the stock market to go higher.
  • The chart shows that the stock market is significantly above the support zone.  This indicates that buying here does not have a favorable risk reward ratio.
  • The chart shows low volume.  This indicates a lack of conviction.
  • We previously shared with you that economists have become good at predicting the Fed’s favorite inflation gauge PCE.  PCE data came as expected.  Here are the details:
    • Headline PCE came at 0.0% vs. 0.0% consensus.
    • Core PCE came at 0.1% vs. 0.1% consensus.
  • The U.S. economy is 70% consumer based.  For this reason, prudent investors pay attention to personal income and personal spending.  Personal spending dropped.  This is inline with the other data of the consumer pulling back that we have been sharing with you.  Here are the details:
    • Personal spending came at 0.2% vs. 0.3% consensus.
    • Personal income came at 0.5% vs. 0.4% consensus.
  • First and foremost, The Arora Report is politically agnostic.  The Arora Report strives to be objective and rigorously analytical to help investors.  To make money in the markets, it is important for investors to separate their political views from investing.  Here are the key points:
    • The presidential debate has thrown huge uncertainty in the American economy and U.S.’s international standing.
    • Prudent investors should wait for the air to clear post debate.
    • There will be winning and losing investments from the election.
    • Depending upon what happens over the coming days, changes may be made in the portfolios.
    • In The Arora Report analysis, if nothing changes, the Magnificent Seven stocks,other mega cap stocks, and fossil fuel energy stocks are the winners post debate; clean energy stocks, environmental stocks, and Chinese stocks are losers; and companies that compete with Chinese companies are the winners.
    • In The Arora Report analysis, if nothing changes, the U.S. dollar is a potential loser and gold is a potential winner.  
  • Quarter end window dressing continues.
  • 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. The protection band is one of the large number of unique edges that are available to members of The Arora Report.

France

The first round of French elections will take place this weekend.  The far right National Rally is projected to make gains.  President Macron’s party is projected to lose.  There are significant implications from the French elections for investors.  Please see prior Capsules for details.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA).

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

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

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

Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.  Over a long period of time, investors come out ahead by adopting smart money’s ways.  The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.

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 *** oil 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 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 $2348, silver futures are at $29.78, and oil futures are at $82.10.

S&P 500 futures are trading at 5556 as of this writing.  S&P 500 futures resistance levels are 5622 and 5748: support levels are 5500, 5400, and 5256.

DJIA futures are up 4 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.

A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.  A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.

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 STOCKS SHOW ASYMMETRY ON EXPECTATIONS PROVING TOO HIGH, WALL STREET PREPS FOR PRESIDENTIAL DEBATE

Jun 27, 2024

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

AI Expectations

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

See also  WEEKLY STOCK MARKET DIGEST: PRUDENT INVESTORS BALANCING OPPORTUNITY FROM AI FRENZY WITH RISKS IN THIS MARKET

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.
  • MU has become a favorite AI stock of Wall Street.
  • The chart shows that MU stock has fallen after earnings.
  • MU reported good earnings, but the stock fell because Micron’s guiding revenue is inline with consensus.  Whisper numbers were for MU to guide higher than the consensus.
  • The chart shows that MU is now below the trendline.
  • The chart shows the volume was high going into earnings, indicating the market’s conviction for the stock to go higher after earnings.
  • RSI on the chart shows that MU can go lower.
  • Technical analysis is fine, but investors should perform a 360 degree analysis that synergistically optimizes technical analysis, fundamental analysis, macro analysis, and quantitative analysis.
  • In The Arora Report analysis in the case of MU, even though technical analysis is giving a sell signal, after earnings, MU is still a buy on fundamental analysis, macro analysis, and quantitative analysis.  For most investors, it is better to buy in the buy zone.  For those who are aggressive, there is a trade around position.  Similar logic applies to other AI stocks.
  • In The Arora Report analysis, there are two very important observations from Micron earnings for investors:
    • AI is real but the momo crowd has driven expectations too high. 
    • There is a strong asymmetry in AI stocks for the time being.  The reaction to MU earnings illustrates the point. As of this writing in the premarket, MU stock is down about $6.  On the other hand, if the revenue projection was only slightly higher, the stock would have been heading for about a $40 gain in the zone of $175 – $182 in the coming days.  Members of The Arora Report have a long core position in MU from $21.77.  Now, they have a gain of 528%.   
  • The presidential debate between Donald Trump and Joe Biden is tonight.  Here are the key points for investors:
    •  First and foremost, The Arora Report is politically agnostic.  The Arora Report’s sole job is to help investors make money by staying independent, objective, and highly analytical.
    • The prevailing wisdom on Wall Street is that if Trump wins the debate, the stock market will go down.
    • In The Arora Report analysis, investors should not buy into Wall Street’s prevailing wisdom.
    • Long time members of The Arora Report may recall that prior to the 2016 election, when Wall Street had anointed Hillary Clinton as the next president, The Arora Report had correctly called that Trump would win.  At that time, The Arora Report was among the very tiny minority with the correct call.
    • When Trump won in 2016, Wall Street’s wisdom was that the stock market would fall.  In contrast, after Trump’s win, The Arora Report call was that the stock market would rise with DJIA reaching 30,000 in Trump’s first term.  At that time, no one had a call for DJIA to reach higher than 20,000.  History shows that The Arora Report had two perfect calls benefiting Arora Report members
  • Initial claims came at 233K vs. 238K consensus.  Investors should focus on the four week average.  In the short term, momo gurus are not going to like this number.
  • Durable orders are mixed.  Here are the details:
    • Headline durable orders came at 0.1% vs. -1.2% consensus.
    • Durable orders ex-transport came at -0.1% vs. 0.2% consensus.
  • Q1 GDP-third estimate came at 1.4% vs. 1.3% consensus.  This is a lagging indicator showing that the economy has been strong.
  • 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. The protection band is one of the large number of unique edges that are available to members of The Arora Report.

Magnificent Seven Money Flows

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

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

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

Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.  Over a long period of time, investors come out ahead by adopting smart money’s ways.  The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.

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.

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 $2331, silver futures are at $29.42, and oil futures are at $81.61.

S&P 500 futures are trading at 5541 as of this writing.  S&P 500 futures resistance levels are 5622 and 5748: support levels are 5500, 5400, and 5256.

DJIA futures are down 110 points.

 

QUARTER END WINDOW DRESSING AND FED’S FAVORITE INFLATION GAUGE AHEAD, HOPES OF TWO RATE CUTS IN EUROPE

Jun 26, 2024

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

Window Dressing

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 has continued to levitate way above the support zone. This indicates that there is significant risk if buying here.
  • The chart shows that the volume is low.  This indicates lack of conviction.
  • RSI on the chart shows that, at least temporarily, the stock market is losing its upward momentum and can pull back.
  • This is the end of the quarter.  Window dressing is underway.  In window dressing, some money managers buy the best performing stocks of the quarter and sell the weakest stocks of the quarter.  The purpose is to show their clients in the quarter end reports that they were holding the best performing stocks.
  • The Fed’s favorite inflation gauge, PCE, will be released on Friday.  Economists have become good at correctly predicting PCE.  Nonetheless, PCE has the potential to move the market.
  • Micron (MU) will report earnings after the close.  MU earnings will impact the artificial intelligence trade.  Please see prior Morning Capsules and posts in ZYX Buy for more details.
  • In noteworthy action, traders have been running up Nvidia (NVDA) stock after it touched the top band of the mini support zone.  Please click here for the chart.  For the sake of complete transparency, this chart has not been changed from the chart published yesterday morning before the market open.
  • In the early trade, traders ran up NVDA to $129.97, where selling came in.  As of this writing, selling is persisting.
  • In noteworthy news, Volkswagen (VWAGY) has thrown a lifeline to EV maker Rivian (RIVN) with $1B initial investment and plans to invest up to $5B.  There is a very nice profitable trade on RIVN in ZYX Buy.
  • Olli Rehn, an ECB policy maker said that two rate cuts this year are reasonable.  In The Arora Report analysis, every ECB meeting this year will be live for a potential rate cut.
  • In The Arora Report analysis, ECB actions are going to put pressure on the Fed to cut rates.
  • Options traders are betting on interest rates cuts of 3% over the next nine months in the U.S.  These options traders belong to the momo crowd.  Investors need to be aware that even though they are betting real money, these options traders have been consistently wrong.  They started the year betting on six or seven rate cuts this year.  For reference, there have been no rate cuts so far this year.  If these options traders are right, the Fed would be very aggressively cutting rates this year and early next year.
  • 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. The protection band is one of the large number of unique edges that are available to members of The Arora Report.
See also  HERE IS HOW TO PROFIT FROM VOLKSWAGEN INVESTMENT IN EV MAKER RIVIAN – CHANGING EV LANDSCAPE

Magnificent Seven Money Flows

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

In the early trade, money flows are negative in NVDA, Microsoft (MSFT), Alphabet (GOOG), 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 *** in the early trade.

Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.  Over a long period of time, investors come out ahead by adopting smart money’s ways.  The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.

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 *** oil in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) is range bound and trading above $60,000.

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 $2319, silver futures are at $28.86, and oil futures are at $80.85.

S&P 500 futures are trading at 5518 as of this writing.  S&P 500 futures resistance levels are 5622 and 5748: support levels are 5500, 5400, and 5256.

DJIA futures are down 92 points.

 

NVIDIA BOUNCES AFTER TOUCHING MINI SUPPORT, WAIT FOR MICRON EARNINGS, AIRBUS FALTERS

Jun 25, 2024

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

Nvidia Bounces

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 Arora’s call to hedge semiconductors including NVDA just before the blow-off top.  This is as good as it gets in real life.
  • The chart shows the Arora call that Nasdaq 100 internals were deteriorating on the exact day when the NVDA stock blow-off top occurred.  The call was made in the Morning Capsule before the market open at a time when NVDA stock was making a new high.
  • The chart shows the mini support zone for NVDA stock.
  • The chart shows that NVDA bounced off of the top band of the mini support zone.  NVDA stock touched the top band of the mini support zone in overnight trading.  In some systems, the data for overnight trading may be missing.
  • The chart shows from peak to trough NVDA fell about 18% before the bounce.
  • The Arora Report system triggered a Signal Limited for a trade around position when NVDA touched the top band of the mini support zone.  However, the signal was triggered during overnight trading and was not published because most investors do not trade overnight.  Now, the signal has been negated because the stock quickly bounced.
  • The chart shows the next support zone.  If NVDA stock dips to the next support zone, a signal may be given for a trade around position.
  • The core NVDA position is long from $12.55, and members of The Arora Report have 866% gain.  The NVDA position is partially hedged and a signal may be coming to take partial profits on the hedge.
  • What happens next will come down to Micron (MU) earnings that will be reported tomorrow after the close.  For details, please see yesterday’s Morning Capsule and separate Micron posts in ZYX Buy.
  • Previously, it was Boeing (BA).  Now, Airbus (EADSY) is also faltering due to problems at suppliers.
  • San Francisco Fed President Mary Daly is warning that the U.S. labor market is near an inflection point.  If she is right, more layoffs are coming.
  • 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. The protection band is one of the large number of unique edges that are available to members of The Arora Report.

Magnificent Seven Money Flows

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

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

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.

Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.  Over a long period of time, investors come out ahead by adopting smart money’s ways.  The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.

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 bouncing after falling below $60,000.

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.

See also  MICRON PRESENTS OPPORTUNITY DRIVEN BY AI BUT BE CAREFUL

Gold futures are at $2336, silver futures are at $29.45, and oil futures are at $81.43.

S&P 500 futures are trading at 5527 as of this writing.  S&P 500 futures resistance levels are 5622 and 5748: support levels are 5500, 5400, and 5256.

DJIA futures are down 68 points.

 

MICRON EARNINGS WILL DETERMINE COURSE OF AI RALLY, APPLE’S EUROPE PROBLEM, BITCOIN ETF INFLOWS COOL

Jun 24, 2024

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

Course Of AI Rally

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 earnings will determine the course of the AI rally.  Micron earnings will be released Wednesday after the close.
  • The chart shows a gap up after earnings release last quarter.  Bulls are expecting a similar gap up this time.  However, prudent investors know that earnings is a risk event and the results can go either way.  Consider starting with Arora Second Law of Investing and Trading, which states, “Nobody knows with certainty what is going to happen in the markets.”  Consider following with Arora’s Third Law, which states, “Making investing and trading decisions based on probabilities is the only realistic and profitable approach.”
  • The chart shows that in June, MU stock accelerated away from the trendline.
  • The chart shows last week MU stock traced a bearish engulfing candle.  This is a negative pattern.
  • The bearish engulfing pattern in Micron coincided with a bearish engulfing pattern in Nvidia (NVDA).  Please see the Morning Capsule dated June 21.
  • High bandwidth memory is essential for AI data centers.  As we have previously shared with you, Micron is sold out of high bandwidth memory for the rest of the year.  Members of The Arora Report are long MU from $21.77.  This represents a gain of 553%.
  • Consensus earnings estimates for Micron are $0.48 and $6.6B for revenue.
  • Whisper numbers have been creeping up and are now at $0.55 in earnings and $7B in revenue.
  • Stocks move based on the difference between the reported numbers and whisper numbers.  Whisper numbers are the numbers analysts privately share with their best clients and are often different from the numbers the same analysts publish for the public.
  • The fate of the AI rally, and in turn the fate of the entire stock market in the near term, depends on Micron earnings, projections, and the commentary.  Historically, Micron’s CEO tends to be very bullish.   For those who want to trade MU stock or want to understand Micron in more granularity, there will be a separate post giving probabilities and zones.
  • Nvidia (NVDA), the king of AI, continues to go lower in volatile trading after tracing a negative technical pattern last week.  Of note is that there was a rally attempt around 8am ET, but the rally attempt failed.  If a rally attempt succeeds, it will move the entire stock market to the upside.
  • Prudent investors should note that NVDA stock has drifted down in spite of massive buying by the technology ETF XLK.  XLK has about $72B in assets.  Last week, it increased NVDA weighting from about 5% to over 20%.  XLK compensated by reducing AAPL’s weighting from about 21% to about 5%.
  • The European commission has told Apple (AAPL) that preliminarily Apple’s App Store is in breach of the Digital Markets Act (DMA).  Investors are ignoring it because in the past, Apple’s violations of regulations have resulted in only slaps on the wrist.  However, prudent investors should pay attention to DMA because DMA has teeth.
  • Chicago Fed President Austan Goolsbee is optimistic that inflation data will improve as the economy is showing signs of cooling.
  • 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. The protection band is one of the large number of unique edges that are available to members of The Arora Report.

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 AAPL, Amazon (AMZN), and Alphabet (GOOG).

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

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

Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling.  Over a long period of time, investors come out ahead by adopting smart money’s ways.  The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money.

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

Money flows in bitcoin ETFs have cooled.  This is leading to a drop in bitcoin (BTC.USD). Bitcoin is trading below $62,000 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 up, and bonds are ticking down.

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 $2339, silver futures are at $29.65, and oil futures are at $80.99.

S&P 500 futures are trading at 5536 as of this writing.  S&P 500 futures resistance levels are 5622 and 5748: support levels are 5500, 5400, and 5256.

DJIA futures are up 85 points.

 

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Picture of 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.

Picture of 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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