WEEKLY STOCK MARKET DIGEST: NUCLEAR ‘ARMAGEDDON’, STRONG JOBS REPORT BUT MOMO BUYS THE DIP

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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.’

NUCLEAR ‘ARMAGEDDON’, STRONG JOBS REPORT BUT MOMO BUYS THE DIP

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

Nuclear Armageddon

President Biden said that Putin’s threats to use nuclear weapons are real.  He said it could lead to ‘armageddon’.  The U.S. is working to find an off-ramp for Putin.

In The Arora Report analysis, the situation is serious enough that prudent investors need to pay attention even though the momo crowd is oblivious.  On the positive side, if an acceptable off-ramp is found, the stock market will rally.

It appears that Russia is ready to stop hostilities if Ukraine stops attacking Russian annexed areas.  The U.S. has a lot of leverage with Ukraine. If Ukraine does not agree to cede territory in the east, the U.S. can simply stop supplying weapons to Ukraine.  That would leave Ukraine with very little choice but to agree to a resolution.  Such a turn of events will be very similar to what The Arora Report predicted months ago.  For details please listen to the podcast titled “The Endgame In Ukraine.”

Irrespective of your opinion and the reality that such a resolution will be rewarding Putin, do you want to prevent the use of nuclear weapons?

When such a resolution nears, there will be many opportunities on both the long and short sides.  For example, there was a very profitable trade to short sell wheat ETF (WEAT) in ZYX Short.

Strong Jobs 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 jobs report is strong.  Here are the details:
    • Nonfarm private payrolls came at 288K vs. 275K consensus.
    • Headline nonfarm payrolls came at 263K vs. 250K consensus.
    • Average work week came at 34.5 vs. 34.5 consensus.
    • Average hourly earnings came at 0.3% vs. 0.3% consensus.
    • Unemployment rate came at 3.5% vs. 3.7% consensus.
  • The jobs report is strong enough to throw cold water on momo gurus’ argument that the Fed is about to pivot.  
  • The momo gurus have been proven wrong again.  However, that is not stopping momo gurus from coming up with a new narrative to persuade their followers to buy stocks.
    • After proclaiming all week that they knew the jobs report would be weak, now momo gurus are saying that the jobs report could have been much stronger and that is the reason to buy stocks.
  • Based on the jobs report data, the market should have been down about 2%, but it is down significantly less because of aggressive momo buying.
  • The chart shows that the market touched the low band of the support / resistance zone and is now backing off.  If the market pulls back further, this is a negative from a technical perspective.
  • It appears that RSI is about to roll over.  If RSI rolls over, it will be a negative for the stock market.
  • The sum total of the foregoing as an actionable item is in the “Protection Bands And What To Do Now” section below.

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

Crypto exchange Binance has been hacked.   The hack is creating a negative sentiment.

Bitcoin is range bound but under $20,000.

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 $1711, silver futures are at $20.51, and oil futures are at $89.52.

S&P 500 futures resistance levels are 3770, 3860 and 3950: support levels are 3630, 3600 and 3520.

DJIA futures are down 190 points.

Protection Bands And What To Do Now?

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

Consider continuing to hold 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.

MARKET MANIPULATION OR CASINO MENTALITY – 2.2% UP MOVE TRIGGERED BY AN OPTION TRADE

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

Casino Mentality

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 casino mentality is strengthening among the momo crowd in the stock market.  Investors invest money with the expectation of a positive return after taking risks into account.  In contrast, the casino mentality is making a bet knowing that the risk adjusted return is going to be negative.
  • We have previously written that tomorrow’s jobs report could cause a major stock market move.  Based on the casino mentality taking a stronger hold among the momo crowd, tomorrow’s jobs report is highly likely to be a binary event.  A binary event means a strong move up or down.
  • Smart money is reducing risk ahead of tomorrow’s report because there is no realistic way to know which way the move will be.  We had previously shared with you that the momo crowd buys ahead of events on hope strategy.  The hope strategy is very seductive because it is easy and does not take risk into account.
  • The chart shows that the stock market was losing steam yesterday mid-day when a rally started on no news that carried the stock market up 2.2%.
  • It appears that the rally was triggered by a bullish options trade.
    • An investor bought 20,000 S&P 500 calls with a strike price of 4500 expiring in October and 14,000 calls with a strike of 4300 expiring in March. Buying calls is a highly leveraged bullish bet.  The trader partially financed the trade by selling 48,000 calls with a strike price of 4500 expiring in January.  All in all, the trader spent $31M making a bullish bet.
  • There is a legion of investors who watch for large option trades and jump on in the same direction without any analysis.  Their reasoning is that anybody putting a large option trade must know something, and they are just piggybacking.  Of course, piggybacking does not need any analysis.  The media has been glorifying such trades, adding to the ranks of traders who follow this mentality.
  • It appears that piggybacking after the initial large trade is what led to a 2.2% up move.
  • When the market was falling yesterday, imagine a large fund that had bought billions of dollars of stocks near the high yesterday.  As the losses were increasing due to the market falling, the fund could simply spend $31M, which is a pittance compared to billions of dollars, knowing that piggybackers would follow their trade by aggressively buying.
  • Imagine when the market ran up because of aggressive buying by the piggybackers, it gave the fund an opportunity to sell billions of dollars of stocks at a gain instead of a loss.
  • Please listen to the podcasts in the Arora Ambassador Club to understand better how this type of market manipulation works and how to make money from it as well as not falling victim to it.
  • The chart shows when piggybackers were done, the market drifted down.
  • The chart shows when jobless claims were released.
    • Jobless claims came at 219K vs. 203K consensus.
    • The momo crowd is buying on the release of jobless claims because jobless claims are slightly higher than the consensus.
See also  ISRAEL KILLS TOP IRANIAN GENERAL – OIL RISES – NOT GREAT FOR STOCK MARKET’S NO INFLATION STORY

Fed Speak

To run up the stock market, momo gurus have no choice but to urge their followers to not believe the Fed.  Fed officials are very aware of it.  This is why they keep going out of their way and continue to reiterate what they are going to do.  Today’s Fed speakers include Charles Evans, Neel Kashkari, Lisa Cook, and Loretta Mester.

High Oil Price Good For Stocks

For investors whose portfolios are not heavily tilted in oil stocks, higher oil prices are not good.  Higher oil prices add to inflation.

You have to give it to the momo gurus.  In response to Saudi Arabia and U.A.E. siding with Russia against the U.S., they have come up with a new narrative to persuade you to buy stocks.   The new narrative is that higher oil prices are good for the stock market. They are postulating that higher oil prices will slow down economic growth, and slower economic growth, in turn, will stop the Fed from fighting inflation.  If the Fed were to stop fighting inflation, the market would go up.

Just to be clear, the foregoing is not The Arora Report analysis but momo gurus’ new narrative.  You need to be aware of new narratives developed by momo gurus because the momo gurus have large followings and they move the markets.

It is worth a reminder that momo gurus’ job is to persuade you to buy stocks.  Their job is not to give you accurate and objective analysis. Unfortunately, many investors do not understand this simple fact.

U.K. Downgraded

Fitch has lowered the credit outlook of the U.K. debt to negative due to the risk posed by Liz Truss’s plan

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

There are reports that the U.S. is contemplating easing sanctions on Venezuelan oil.  This is preventing oil from rocketing up in response to OPEC+ production cut by 2M bpd.

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 has moved up above $20,000.

Markets

Our very, very short-term early stock market indicator is 🔒 but expect the momo crowd to attempt to run up the stock market on hope strategy prior to tomorrow’s critical report.  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 $1725, silver futures are at $20.70, and oil futures are at $87.81.

S&P 500 futures resistance levels are 3860, 3950 and 4000: support levels are 3630, 3600 and 3520.

DJIA futures are down 82 points.

DOLLAR AND ADP THROW COLD WATER ON BULLISH NARRATIVE, U.A.E. SIDES WITH RUSSIA AGAINST THE U.S.

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

Dollar And ADP

Please click here for a chart of Bullish Dollar ETF (UUP).

Note the following:

  • In prior capsules, we shared with you several reasons that were coming together to cause the big rally of the last two days.
  • With the benefit of hindsight, it is becoming clear that the biggest reason for the rally in the stock market was the pull back in the dollar.
  • The trendline shown on the chart shows a relentless rise in the dollar.
  • The chart shows that over the last several days, the dollar pulled back.
  • In The Arora Report analysis, pull back in the dollar is bullish for the stock market in the very short term, but it also has a major negative impact that momo gurus are ignoring.
  • Strong dollar has helped contain inflation.  If the dollar was not rising, inflation would be significantly higher.
  • Even though bulls got very excited about the dollar pulling back, the chart shows that the dollar is still significantly above the rising trendline.
  • The chart shows that the dollar is rising again today.  This is causing a downdraft in the stock market.
  • The data from ADP this morning is also throwing cold water over momo gurus’ bullish narrative.
  • In yesterday’s Morning Capsule, we wrote,

Jobs report will be released on Friday. If the employment picture weakens, there is a potential of a 2% – 5% rally in the stock market.  On the other hand, if the employment picture stays strong, the report will throw cold water on the momo gurus’ narrative, and the stock market can fall by a large amount.

  • ADP is the largest private payroll processor in the country.  ADP uses its data to give a glimpse of the jobs picture ahead of Friday’s all important jobs report.
    • ADP employment change came at 208K vs. 198K consensus.
    • Prior ADP number was revised to 185K from 132K.
    • The foregoing data shows that the economy is still creating a lot of new jobs.
  • The Fed is aiming to slow down jobs growth.  Jobs growth needs to slow down to bring down inflation.
  • In yesterday’s Afternoon Capsule, we wrote,

In The Arora Report analysis, this set of data by itself is not going to force the Fed to pivot.  Right now, the market is running up on hope like it has several times this year.  It will take several more weak data points for the Fed to pivot.  For this reason, the jobs report to be released on Friday and inflation reports to be released next week are very important.

  • The data point from today shows strength in the economy.
  • The momo crowd does not like today’s strong data and is selling stocks in the early trade.
  • Fed officials are suggesting that the bar for the Fed to pivot is very high.
  • The Arora Report interpretation of the latest Fed speak is the Fed is implying that  the momo gurus are once again misleading their followers about the Fed. 
  • One of the triggers for the big rally was a decision by the Reserve Bank of Australia (RBA) to raise its interest rate by less than the consensus.  Please see yesterday’s Morning Capsule.
  • Today, Australia’s neighbor New Zealand raised interest rates by 50 basis points and said that it had considered a larger increase.  The action by New Zealand’s central bank is erasing some of the positive sentiment created by RBA.
  • See the oil section below for another development that goes against momo gurus’ bullish narrative.
See also  PRUDENT INVESTORS PAY ATTENTION TO THE EXTRAORDINARY TREASURIES’ MOVE – MOMO OBLIVIOUSLY BUYS STOCKS

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

We previously shared with you that Saudi Arabia was siding with Russia against the U.S.  Now there is a report that U.A.E. is also planning to side with Russia against the U.S.  If these reports are true, Russia has gained two important U.S. allies on its side.

If OPEC+ decides to cut oil production by 2M bpd, this will be a negative for the stock market. 

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 is over $20,000.

Markets

Our very, very short-term early stock market indicator is 🔒 but expect the momo crowd to start buying on hope strategy ahead of Friday’s jobs report.  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 $1719, silver futures are at $20.35, and oil futures are at $87.22.

S&P 500 futures resistance levels are 3860, 3950 and 4000: support levels are 3630, 3600 and 3520.

DJIA futures are down 334 points.

REDUCE HEDGES – A SURPRISE FROM AUSTRALIA ALIGNS THE STARS FOR A BIG MOMO RALLY

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

Reduce Hedges

Right now, the range for short term hedges is 🔒.  The range is not being changed, but for some investors who are nimble, there is merit to moving towards the low end of the range especially if there is a pullback.

Such a reduction should be made only with the understanding that the hedges may need to be increased again on October 7, 12, and 13.

  • Jobs report will be released on October 7.
  • Producer Price Index (PPI) will be released on October 12.
  • Consumer Price Index (CPI) will be released on October 13.

Surprise From Australia

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 Reserve Bank of Australia (RBA) raised rates by 25 basis points vs. consensus of 50 basis points.
  • RBA Governor Lowe explained that rates have been raised substantially in a short time.
  • The move by RBA has given more ammunition to the momo gurus for the narrative that the Fed is about to pivot.
    • It is said that a broken clock is right twice a day.  Momo gurus have been like a broken clock. They have been saying from the beginning of the year that the Fed is about to pivot.  The momo gurus have been wrong so far, but sooner or later they will be right, just like a broken clock.
    • Momo gurus being consistently wrong has not stopped their followers from aggressively buying stocks and causing major bear market rallies.
  • The chart shows that if the rally continues, the narrative that a double bottom has formed will gain steam.  A double bottom is a positive pattern.
  • The chart shows that prior to yesterday’s rally, the market approached the high band of “not mother of support zones” but did not breach it.  In traditional technical analysis, this is positive.
  • The chart shows that RSI is now on a buy signal for the short term.
  • The chart shows that yesterday’s rally was not on a heavy volume.  This is a negative.
  • The chart shows that this morning the stock market is closing the down gap formed on September 23.
  • The chart shows that the market is about to meet resistance at the lower band of the support / resistance zone. 
  • Here is how the stars are aligning for the momo gurus’ call for a big rally.
    • History is supportive.  Five of the 14 largest bear market rallies have occurred in October.
    • Historically, the market often runs up going into the midterm elections.
    • Historically, the fourth quarter is the strongest quarter of the year.
    • The relentless strength in the dollar has been a headwind for the market.  The dollar is pulling back.
    • The relentless rising yields have been a headwind for the market.  Yields are pulling back.
  • How aggressive is the momo crowd buying?  You do not need to look any farther than the momo crowd aggressively buying Credit Suisse (CS) stock.  Please read yesterday’s Morning Capsule for details about CS.  
  • In spite of all of the positives given above, the following negatives have not changed.
    • In The Arora Report analysis, the risk of a recession is 75% in 2023.
    • Market crashes tend to occur in October.
    • Powell is very aware of Burns’s blunder.  Please see prior capsules for details.  It is highly unlikely that Powell will error in the direction of repeating Burns’s blunder.
    • So far, Fed speakers are showing no signs of relenting.  If you were to listen to Fed speakers, there is no doubt that there is a disconnect between the Fed’s reality and market’s hope.   
      • We will be paying careful attention to the Fed speak to see if anything changes.
    • In The Arora Report analysis, Wall Street’s earnings estimates are still too high.
  • Looking forward, here are the key points:
    • As is their pattern, expect the momo crowd to buy ahead of the jobs report release on Friday on hope strategy.
    • The earnings season is about to start.  Commentary from the first set of earnings, will set the tone.  Keep in mind that the managements of the companies are incentivized to put the best positive spin they can on earnings.
    • Jobs report will be released on Friday. If the employment picture weakens, there is a potential of a 2% – 5% rally in the stock market.  On the other hand, if the employment picture stays strong, the report will throw cold water on the momo gurus’ narrative, and the stock market can fall by a large amount.
    • PPI will be released on October 12, and CPI will be released on October 13.  Both reports have the potential to cause a 2% – 5% move in the stock market.
  • Please see the oil section below.  If OPEC+ is successful in raising prices, it will be a negative for the market.
  • The sum total of the foregoing is to consider adjusting the hedges or even adjusting your cash levels if you do not hedge, but consider staying within the protection bands.  Make these moves only if you are nimble and understand that you may need to reverse these moves based on the new data that will be forthcoming as written above.

Heads Up

As a heads up, the call on buy zones and buy now ratings may change to starting short term tactical positions when stocks and ETFs fall into the buy zones.

Momo Crowd And Smart Money In Stocks

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

Gold

Buying in silver is especially aggressive.  The last time such aggressive buying was seen in silver, it went up 400%. 

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

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

Oil

OPEC+ is meeting tomorrow.  It seems that Saudi Arabia has aligned itself with Russia against the United States.  It appears that OPEC+ is heading towards a major production cut. 

See also  ARTIFICIAL INTELLIGENCE AS CONSEQUENTIAL AS ELECTRICITY – SAYS MOST INFLUENTIAL BANKER IN THE WORLD

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 is seeing buying as it approaches $20,000.

Markets

Our very, very short-term early stock market indicator is 🔒, but expect the market to open up significantly higher and the momo crowd to attempt to run it even higher.  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 significantly 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 $1713, silver futures are at $20.86, and oil futures are at $84.81.

S&P 500 futures resistance levels are 3770, 3860 and 3950: support levels are 3630, 3600 and 3520.

DJIA futures are up 380 points.

STOCK FUTURES DO NOT SHOW SIGNS OF A CRASH AFTER A WIDESPREAD FEAR OVER THE WEEKEND

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

Weekend Crash Fears

Please click here for a chart of  Credit Suisse (CS).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The CS chart is being used because CS was at the center of speculations this weekend that the stock market would crash on Monday.
  • This weekend investors were concerned that Monday could see the start of a financial crisis similar to the one in 2008.  The fears arose because of a sharp increase in CS’s credit default swaps (CDS).
    • CS is one of the world’s largest investment banks with assets of about SFr 700B.
    • CDS are like an insurance contract that pays if a company defaults on its debt.
    • Five-year credit default swaps increased by more than 100 basis points this morning.
  • CS CDS are now higher than they were during the 2008 financial crash.  This means that these derivatives are now a riskier class of debt.
  • CS executives attempted to calm investors’ fears over the weekend, giving assurances about the group’s liquidity and capital position.
    • So far, these assurances by the bank executives have worked as stock futures are positive.
  • The worst moment in the previous financial crash came when Lehman Brothers collapsed.  Lehman Brothers had $600B in assets.
    • There have also been rumors of trouble at Deutsche Bank (DB).
    • CS and DB combined control assets of $2.8 trillion.
  • The chart shows a dramatic drop in CS stock in 2022.
  • The chart shows when the CS stock broke the prior support.
  • The chart shows two gap downs including the one this morning in the early trade.
  • The chart shows that RSI is stuck in the oversold zone.  This is a characteristic of troubled companies.
  • Here is how the thinking went over the weekend: what if CS owed a large amount of money to Morgan Stanley (MS) but could not pay it, and as a result Morgan Stanley could not pay the money it owed to Goldman Sachs (GS) and so on.
  • Adding to the concern over the weekend were four additional items.
    • There were rumors that OPEC+ is planning a large production cut in oil.
    • There were also rumors that the US is accusing Saudi Arabia of joining Russia against the US.
    • There were rumors that the US would order Boeing (BA) and Raytheon (RTX) to stop supporting Saudi Arabia’s defense efforts.
    • Tesla (TSLA) deliveries fell below the consensus.  TSLA is an important stock that has held up.
  • In our analysis at The Arora Report:
    • This is not 2008.  The banking system, not only in the US but throughout the world, is in much better shape.  
    • CS is not as deeply intertwined in the US financial system as Lehman Brothers was.
    • The probability of a financial system crash due to CS is low but cannot be ruled out.
    • The fact that there was such widespread speculation over the weekend shows the risk in this market.
    • The risk in the market is partially a result of the Fed rapidly raising rates
  • The momo crowd is oblivious and aggressively buying stocks.  
  • As an actionable item, investors pay attention to the “Protection Bands And What To Do Now” section below.

Blind Money

Wall Street is front running blind money by buying stocks this morning.  Blind money is the money that flows into the market on the first two days of the new month irrespective of market conditions.  Blind money is typically invested in the afternoon.

Truss U-Turn

After claiming that she was not going to back off, UK Prime Minister Truss was forced to make a U-turn due to the threat of a rebellion in her own party.  The UK will no longer provide a tax cut to the highest earners.  Truss wanted to borrow money to give a tax cut to the highest earners.

The pound has rallied on the news.

Brazil

In Brazil, Lula won 48% and Bolsonaro won 43%.  Since Lula fell short of 50%, there will be a run-off election.

Brazil is a resource rich country.  Opportunities in Brazil may be ahead.  Such signals will be given in ZYX Emerging.  

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 is range bound but trading under $20,000.

Markets

Our very, very short-term early stock market indicator is 🔒, but expect the market to open higher on 🔒 momo crowd 🔒.  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 $1675, silver futures are at $19.63, and oil futures are at $83.70.

S&P 500 futures resistance levels are 3770, 3860 and 3950: support levels are 3600, 3520 and 3460.

DJIA futures are up 364 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