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.’

PERSONAL INCOME AND SPENDING DISAPPOINT, SUPER MICRO COMPUTER LESSON, BOJ SUPPORTER AS JAPAN PM

Sep 27, 2024

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

Spending Disappointment

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 stock is being used to illustrate the point.
• A fortune is to be made in artificial intelligence, but it is not going to be in a straight line.  At times, it is going to be treacherous.  It is important to not make mistakes by getting carried away with the momo crowd and listening to momo gurus who have a vested interest that is not your best interest.
• The chart shows that momo crowd favorite SMCI fell yesterday on the news of a Department of Justice (DOJ) probe due to allegations of accounting irregularities.  A DOJ probe is a serious matter as it is often a criminal probe.
• The chart shows that the enthusiasm was at its peak right after SMCI stock was added to S&P 500.
• The chart shows from the peak to the low, the stock lost 69% of its value.
• The chart shows that the day S&P 500 added SMCI stock, The Arora Report made a bold call.  The Arora Report call was that SMCI was worth only $442 – $486 in the best case.  The stock peaked at $1229.  As of this writing in the premarket, SMCI stock is trading at $400.95.  All Arora Report calls are 100% transparent, traceable, and auditable.  Members have access to over ten years of archives, including the winners and losers – no cherry picking.
• Right now, the momo crowd is sitting on massive losses in SMCI stock.  The momo crowd was not able to distinguish between Nvidia (NVDA) and Super Micro Computer – the prevailing belief among the momo crowd was that NVDA and SMCI were the same.
• The U.S. economy is 70% consumer based.  For this reason, prudent investors pay attention to personal income and personal spending.  Just released personal income and spending data is disappointing.  Here are the details of the new personal income and spending data:
  • Personal income came at 0.2% vs. 0.4% consensus.
  • Personal spending came at 0.2% vs. 0.3% consensus.
• PCE is the Fed’s favorite inflation gauge.  Here are the details:
  • PCE came at 0.1% vs. 0.1% consensus.
  • Core PCE came at 0.1% vs. 0.2% consensus.
  • In The Arora Report analysis, the data is in line with expectations.  As such, this data should have no impact on the stock market.
  • Even though the stock market pays a lot of attention to PCE, in The Arora Report analysis, economists have become really good at projecting PCE.  As such investors expectations, in general, should be that PCE will come in line with consensus.
• 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.

Japan

Bank of Japan (BOJ) actions are very important for U.S. investors.  The reason is the carry trade.  In carry trade, funds borrow in yen and invest in the U.S. stock market.  Lately, they have been buying AI stocks.  Japan’s ruling party LDP has chosen Shigeru Ishiba as its new leader.  Ishiba is the next prime minister of Japan.  In The Arora Report analysis, yen is rallying on the news as Ishiba is a supporter of BOJ.

In The Arora Report analysis, this development is negative for the carry trade and positive for the yen position using ETF FXY in ZYX Allocation.

Magnificent Seven Money Flows

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

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

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

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

Oil

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

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) is on track to have the best September ever.

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 $2691, silver futures are at $32.34, and oil futures are at $67.59.

S&P 500 futures are trading at 5813 as of this writing.  S&P 500 futures resistance levels are 5926 and 6017: support levels are 5748, 5622, and 5500.

DJIA futures are up 86 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 five 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.

CHINA BAZOOKA BRINGS OPTIMISM TO U.S. STOCKS, MICRON EARNINGS SHOW THE VALUE OF KNOWING POSITIONING

Sep 26, 2024

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

Growing Optimism

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.
• In yesterday’s Morning Capsule, we wrote the following about Micron earnings in advance:

• Going into earnings, here are the key points:

  • Whisper numbers are below the consensus numbers.  This is an oddity among AI stocks.  Among AI stocks, whisper numbers have consistently been higher than consensus numbers.

  • Wall Street positioning is negative.

  • The chart shows that MU stock has bounced off of the support zone.

  • Historically, when the foregoing factors are combined, the stock goes up after earnings.

• The chart shows a strong up move in MU after earnings were released after the market closed yesterday.
• The chart illustrates the value of understanding positioning and the big edge it gives to investors.  Micron earnings were mediocre.  The real reason behind the strong move is negative Wall Street positioning.  If the same earnings would have come out a few months ago, when Wall Street positioning was very positive, the stock would have been down $20.  The best way to understand positioning and other high value Wall Street mechanics is to listen to the podcasts in Arora Ambassador Club.  To get on the waitlist, please click here to fill out the form below.
• The chart shows that in the premarket, MU is breaking above the resistance zone.  If MU closes above the resistance zone shown on the chart, this zone will become a support zone.
• The move up in MU stock is bringing in extremely aggressive buying in most semiconductor stocks in the premarket.  In turn, the buying is becoming aggressive in most AI stocks in the premarket.  
• We have been sharing with you details of China’s stimulus plan.  Now, with a potential addition, China’s stimulus plan is about to become a bazooka.
  • China is considering injecting up to one trillion yuan into state owned banks for the purpose of expanding their capacity to loan more money.
  • Stocks in Hong Kong are up 4.2% and up 3.6% in Shanghai.
• The strong move up in Chinese stocks brought in optimism first to Asian stocks, then to Europe, and now to the U.S. in a round robin fashion.
• In The Arora Report analysis, deflation in China has helped U.S. inflation.  Now all of the stimulus in China is going to start inflation in China.  Some of that inflation is going to come back to the U.S. at a time when the Fed is aggressively cutting rates.  All of this could spell trouble for the stock market down the road.  However, for the time being, no one is connecting the dots as the party shifts to full swing.  
• Weekly initial claims came at 218K vs. 224K consensus. This indicates that the jobs picture is strong
• Durable orders came stronger than expected.  Here are the key points:
  • Headline Durable Orders came at 0.0% vs. -2.9% consensus.
  • Durable Orders Ex-Transportation came at 0.5% vs. 0.1% consensus.
• Just released GDP data shows that economic growth is strong.  Here are the details:
  • Q2 GDP Third Estimate came at 3.0% vs. 3.0% consensus.
  • GDP Deflator Third Estimate came at 2.5% vs. 2.5% consensus.
• The foregoing economic data is bringing in aggressive buying in the stock market.  The reason is that normally when the economy is this strong, the Fed is not aggressively cutting interest rates.  Here, the economy is strong, and the Fed is aggressively cutting rates.
• Here is the key question for prudent investors: Did the Fed make a mistake with the 50 bps cut?  Stay tuned for more.
• Powell comments are ahead and 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. 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 Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (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.

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

Gold futures have crossed above $2700 on Chinese demand.  

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

Three reports are impacting oil this morning:

• Libya is looking at restarting oil production.
• Saudi Arabia is looking at increasing production in December.
• Iran is working with Hezbollah for a ceasefire plan with Israel.

In The Arora Report analysis, if all of these reports turn out to be true, this is a negative for 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 along with tech stocks.

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 $2701, silver futures are at $32.65, and oil futures are at $68.08.

S&P 500 futures are trading at 5826 as of this writing.  S&P 500 futures resistance levels are 5926 and 6017: support levels are 5748, 5622, and 5500.

DJIA futures are up 217 points.

MICRON EARNINGS AHEAD – KEY TO AI TRADE; BIGGEST ONE YEAR RATE CUT IN CHINA

Sep 25, 2024

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

The Key To The AI Trade

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 one of the three largest semiconductor memory makers in the world.
• The demand for high bandwidth memory for AI applications is rapidly increasing.
• The chart shows Micron’s last two earnings and the market reaction.
• The chart shows that MU stock peaked with a bearish engulfing candle.  A bearish engulfing candle is a negative pattern.
• The chart shows when the Arora signal was given to take partial profits.
• MU is long from $21.77 in the ZYX Buy portfolio that surrounds the Core Model Portfolio.
• The chart shows a very substantial drop in the stock.  There are two reasons for the drop:
  • From a fundamental perspective, the demand for memory in smartphones has been soft.
  • At its peak, MU had become a crowded trade, and Wall Street positioning had become extremely positive. These are the two factors that often lead to big drops.
• Going into earnings, here are the key points:
  • Whisper numbers are below the consensus numbers.  This is an oddity among AI stocks.  Among AI stocks, whisper numbers have consistently been higher than consensus numbers.
  • Wall Street positioning is negative.
  • The chart shows that MU stock has bounced off of the support zone.
  • Historically, when the foregoing factors are combined, the stock goes up after earnings.
• Micron earnings and the stock reaction will be an important key to the AI trade.
• Some of Micron’s business is a commodity business and therefore does not have the same moat as Nvidia (NVDA).  Nonetheless, investors should be cognizant that many AI stocks have become crowded trades and Wall Street positioning is extremely positive.  This is the fifth stage of a change.  Please click here to see the five stages of a long trade.    Please click here for five stages of a short trade.
• As an actionable item, investors should pay attention to the protection band as well as posts calling for hedging AI stocks.
• We have seen sharing with you the stimulus measures the Chinese government has been taking and the resulting rally that is taking place in the Chinese stock market.  The latest is that China has now cut the one year policy rate by the largest amount ever, from 2.3% to 2%.
• The Arora Report has followed China continuously for the last 17 years.  The two ETFs of interest are Mainland China ETF ASHR and Hong Kong ETF FXI.  There will be a new post in ZYX Emerging.
• What happens in China has a major impact on all markets around the globe,including the U.S. stock market.  The world is interconnected.  Even investors who do not invest outside of the U.S. need to pay attention to what is happening in the rest of the world.
  • The Arora Report has continuously followed economic indicators in 23 countries over the last 17 years.
• Consumer confidence came at 98.7 vs. 102.9 consensus.  In The Arora Report analysis, this data went against the soft landing and no landing scenarios.  However, for the time being, the stock market celebrated lower consumer confidence on the hope that falling consumer confidence would lead the Fed to another 50 bps cut in interest rates.
• 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 Nvidia (NVDA).

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

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

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

API crude inventories came at a draw of 4.339M barrels vs. a consensus of a draw of 1.1M barrels.

The momo crowd is *** in 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 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 $2686, silver futures are at $32.14, and oil futures are at $70.50.

S&P 500 futures are trading at 5788 as of this writing.  S&P 500 futures resistance levels are 5926 and 6017: support levels are 5748, 5622, and 5500.

DJIA futures are down 11 points.

POWER FOR AI EXUBERANCE REACHES FEVER PITCH – QUANTA BREAKS OUT; COPPER AND OIL RISE ON CHINESE MOVE

Sep 24, 2024

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

AI Exuberance

Please click here for a chart of Quanta Services stocks (PWR).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of PWR stock is being used to illustrate the point.
• Artificial intelligence data centers are power hungry.  In the stock market, exuberance for stocks that help power AI data centers has reached a fever pitch.
• The chart shows PWR stock has broken out.  Quanta Services is a major contractor for utilities.
• Volume on the chart shows that the volume on the breakout was higher than the recent volume, but not as high as it should have been to generate high conviction in the breakout.
• RSI on the chart shows that PWR stock is very overbought.
• The technical breakout is bringing in aggressive buying in PWR stock from investors who trade only on technicals.
• The momo crowd is aggressively buying PWR stock.
• PWR stock is in the ZYX Buy Core Model Portfolio.  Long time members of The Arora Report are long from $37.  It is trading at $297.33 as of this writing, representing a gain of 704%.  There will be a new post in ZYX Buy with a new buy zone.
• From a valuation perspective, PWR stock is now expensive.  It is trading at a trailing PE of 56 and a forward PE of 29.
• Yesterday, we shared with you about China:

Central Bank Governor Pan Gongsheng will hold a conference tomorrow.

• China is making a big move.
  • People’s Bank of China (PBC) is lowering its reserve requirement ratio by 50 basis points.
  • The bank has lowered its seven day repurchase rate by 20 basis points.
  • The bank may soon lower its prime rate.
  • The down payment requirement for second homes has been lowered to 15% from 25%.
• Chinese stocks are jumping.  Stocks in Hong Kong jumped 4.1% and 4.2% in Shanghai.
• Investors in the U.S. should not underestimate the impact of these moves in China.  The moves are generating position sentiment.
• Copper, steel, oil, and other commodities are moving up on the China moves.
• Copper stock FCX is in the ZYX Buy Core Model Portfolio.  There is also a short term trade on oil ETF USO.
• The Conference Board’s consumer confidence data will be released at 10am ET and 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. 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 Tesla (TSLA).

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

In the early trade, money flows are negative in Amazon (AMZN).

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 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 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 $2651, silver futures are at $31.20, and oil futures are at $72.00.

S&P 500 futures are trading at 5778 as of this writing.  S&P 500 futures resistance levels are 5928 and 6017: support levels are 5748, 5622, and 5500.

DJIA futures are up 34 points.

TECH STOCKS APPROACH RESISTANCE ZONE, FULL SCALE WAR POTENTIAL IN MIDDLE EAST, CHINA STIMULUS HOPES

Sep 23, 2024

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

Tech Stocks Approach Resistance

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

Note the following:

• The chart shows that tech stocks, as represented by QQQ, are approaching the resistance zone.
• Prudent investors should note that at a time when Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) have hit a new high, QQQ has not. The reason is that tech stocks are underperforming.  
• RSI on the chart shows that QQQ is overbought.
• We shared with you prior to the Fed rate cut that long bonds may not respond as investors expected.  That call continues to prove spot on every day.  Long bonds are falling again this morning.  This will start impacting the stock market in due course unless Fed speakers come out and make more dovish comments.  For the time being, the momo crowd is oblivious.
• In Lebanon and Northern Israel, Hezbollah and Israel are inching towards a full scale war.  U.S. diplomacy is in full swing to stop a full scale war.  The momo crowd is oblivious, but prudent investors should pay attention to developments in the Middle East.
• Sentiment has been lifted all across the globe on government stimulus hopes in China.
  • The People’s Bank of China (PBC) cut the 14 day reverse repurchase rate by 10 basis points to 1.85%.
  • Central Bank Governor Pan Gongsheng will hold a conference 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. The protection band is one of the large number of unique edges that are available to members of The Arora Report.

Europe

European stocks are holding up on more rate cut hopes in spite of unexpected economic contraction.

• Eurozone flash Manufacturing PMI came at 44.8 vs. 45.7.
• Eurozone flash Services PMI came at 50.5 vs. 52.3.
• A number less than 50 indicates economic contraction.

Magnificent Seven Money Flows

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

In the early trade, money flows are neutral in Amazon (AMZN).

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

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 *** in oil in the early trade.  Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Harris has now fully jumped on to the crypto bandwagon after watching heavy campaign contributions from the crypto industry to the Trump campaign.

Bitcoin (BTC.USD) is seeing buying on Harris support.

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 $2649, silver futures are at $31.08, and oil futures are at $70.98.

S&P 500 futures are trading at 5772 as of this writing.  S&P 500 futures resistance levels are 5926 and 6017 : support levels are 5748, 5622, and 5500.

DJIA futures are up 41 points.

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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 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.