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.’
AMERICAN EXPRESS CEO SEES “NO LANDING,” WATCH NVIDIA FOR A BREAKOUT
Oct 18, 2024
To gain an edge, this is what you need to know today.
No Landing
Please click here for a chart of American Express stock (AXP).
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 charts of AXP and NVDA stocks are being used to illustrate the point.
- American Express CEO Stephen Squeri said that he sees “no landing” for the U.S. economy. In plain English, no landing means the economy continues to grow without a major slowdown. American Express has about 55M cardholders in the U.S. Spending on these cards provides a good data point.
- American Express CEO’s statement is another data point showing that the Fed spiked the punch with the 50 bps interest rate cut.
- The AXP chart shows a strong trendline.
- The AXP chart shows an RSI divergence. In plain English this means that as the price has moved higher, RSI is showing lower peaks. This indicates a lack of internal momentum. RSI divergence often leads to a pullback.
- AXP reported earnings better than the consensus but less than whisper numbers.
- The AXP chart shows that after spiking higher, AXP stock is pulling back.
- In the big picture, the data points from American Express earnings are important because they reflect 55M affluent consumers.
- The NVDA chart shows that NVDA stock moved higher in the resistance zone after blowout earnings from Taiwan Semiconductor (TSM). TSM manufactures Nvidia’s AI chips. TSM indicated the demand for AI chips is strong.
- The NVDA chart shows the resistance proved to be too strong for NVDA stock to breakout yesterday.
- Prudent investors should carefully watch to see if NVDA stock breaks out above the resistance zone. If NVDA breaks out above the resistance zone, it would be positive for the entire stock market, especially AI stocks. On the other hand, if this NVDA rally fails, it will be a negative for the entire stock market.
- 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.
Housing Starts
Housing starts came roughly in line but building permits dropped. Building permits are a leading indicator. Investors should focus on leading indicators. Here are the details:
- Housing starts came at 1.354M vs. 1.350M consensus.
- Building permits came at 1.428M vs. 1.455M consensus.
China
China Q3 GDP came at 0.9% quarter-over-quarter vs. 1.0% consensus.
In The Arora Report analysis, even though China’s GDP is slightly weaker than expected, it is not of concern because GDP is a lagging indicator. New stimulus measures that we have been writing about are designed to lift GDP going forward.
Magnificent Seven Money Flows
In the early trade, money flows are positive in Amazon (AMZN), Alphabet (GOOG), Meta (META), Apple (AAPL), and NVDA.
In the early trade, money flows are neutral in Microsoft (MSFT).
In the early trade, money flows are negative in Tesla (TSLA).
In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).
Momo Crowd And Smart Money In Stocks
The momo crowd is *** (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.
Very Very Short-Term Indicator
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.
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
Oil is seeing selling on the killing of Hamas leader Yahya Sinwar.
The momo crowd is *** 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
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.
S&P 500 futures are trading at 5900 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 77 points.
Gold futures are at $2722, silver futures are at $32.44, and oil futures are at $69.76.
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.
AI CHIP MANUFACTURER BREAKS OUT – NVIDIA MAY BE NEXT, CONSUMER SPLURGES, FED SPIKED THE PUNCH
Oct 17, 2024
To gain an edge, this is what you need to know today.
Nvidia May Be Next
Please click here for a chart of Taiwan Semiconductor Manufacturing Company stock (TSM).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of TSM stock is being used to illustrate the point.
- TSM is the largest semiconductor foundry in the world for advanced semiconductors. TSM manufactures chips for the likes of Nvidia (NVDA) and Apple (AAPL).
- The chart shows the support/resistance zone. This was previously the resistance zone.
- The chart shows that TSM has broken out in the early trade after reporting earnings. If the breakout sustains, this zone will become the support zone.
- RSI on the chart shows that there is room for the stock to run.
- Going into earnings, whisper numbers for TSM were creeping up above the consensus. Whisper numbers are numbers that analysts privately provide to their best clients. Whisper numbers are often different from the numbers the same analysts publish for public consumption. Stocks move based on the difference between whisper numbers and the reported numbers. TSM reported numbers better than the whisper numbers.
- Here is the most important question for prudent investors: How do you reconcile ASML (ASML) earnings (please see yesterday’s Morning Capsule) with TSM earnings? The answer is that TSM is more leveraged to AI, including Nvidia. This is the reason that The Arora Report gave a signal for a trade around position on NVDA stock earlier for aggressive investors. The trade around position is separate and distinct from the core NVDA position that is long from $12.55.
- The consumer is splurging again after a brief pullback. Prudent investors pay attention to consumers because the U.S. economy is 70% consumer based. Here is the latest retail sales data.
- Headline retail sales came at 0.4% vs.-0.2% consensus.
- Retail sales ex-auto came at 0.5% vs. 0.1% consensus.
- Initial jobless claims came at 241K vs. 270K consensus.
- Bonds are falling on the strong economic data.
- The retail sales data and the jobless claims data adds to the other data that shows the Fed cut spiked the punch with the 50 bps interest rate cut.
- Before the Fed rate cut, we shared with you in The Arora Report analysis that the data justified a 25 bps rate cut. The latest data shows that The Arora Report call was spot on, just like almost all Arora calls related to the Fed and the economy over the last 17 years.
- The Fed’s job is to maintain stability and not to spike the punch. As a matter of fact, the Fed’s job is to take the punch bowl away.
- In The Arora Report analysis, the reason that the stock market has not yet experienced the usual seasonal downturn in September and October is that the Fed spiked the punch in going against the hard data.
- In earnings of note, Elevance Health (ELV), one of the largest licensee of Blue Cross Blue Shield, reported worse than expected earnings. The stock is down about 15% as of this writing in the premarket. As a reminder, previously, the nation’s largest healthcare insurer United Health (UNH) also reported rising medical costs.
- 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), Meta (META), Tesla (TSLA), and Apple (AAPL).
In the early trade, money flows are neutral in Alphabet (GOOG).
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.
Very Very Short-Term Indicator
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.
Gold
The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade.
For longer-term, please see gold and silver ratings.
Oil
API crude inventories came at a draw of 1.58M barrels vs. a consensus of a build of 3.2M 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 seeing buying on optimism that Trump will be elected.
Markets
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.
S&P 500 futures are trading at 5924 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 99 points.
Gold futures are at $2693, silver futures are at $31.75, and oil futures are at $70.41.
KING NVIDIA TECHNICALS WILL DETERMINE THE STOCK MARKET DIRECTION – OVERREACTION TO ASML EARNINGS
Oct 16, 2024
To gain an edge, this is what you need to know today.
Stock Market Direction
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 that after a strong rally NVDA stock entered the resistance zone.
- The rally was triggered by Jensen Huang’s comment that the demand for Blackwell was insane.
- The chart shows that NVDA was not able to penetrate the resistance zone.
- The chart shows when NVDA started backing off from the resistance zone, aggressive selling came in.
- The chart shows that NVDA is now below the bottom band of the resistance zone but still considerably above the mini support zone shown on the chart.
- RSI on the chart shows that NVDA stock had become extremely overbought. Overbought stocks tend to pullback. This is exactly what happened. The chart shows the pullback has relieved the extreme overbought condition.
- The chart shows that the volume on the pullback was not low. This indicates that investors should not dismiss this pullback.
- In addition to the technical reason for the pullback, there is a fundamental reason. The fundamental reason is earnings from Dutch semiconductor equipment company ASML (ASML). ASML has an almost monopoly on extreme ultraviolet lithography equipment needed for manufacturing Nvidia’s chips. ASML stock fell 16% on the heaviest volume in 10 years. The big disappointment in ASML earnings was that ASML is forecasting 2025 sales of 30B – 35B euros vs. consensus of 35.8B euros.
- In The Arora Report analysis, the reaction in NVDA stock to ASML’s forecast is an overreaction. ASML is seeing strong AI demand. The weakness is from other chip segments.
- It is important to note that the demand for Blackwell is so strong that Nvidia is fully booked for the next 12 months.
- To a large degree, what happens to NVDA next will determine the fate of tech stocks until big tech earnings come along. If NVDA stock breaks above the resistance zone, it will be positive not only for tech stocks but for the entire stock market.
- Most semiconductor stocks have been hit. Semiconductor bears are questioning the staying power of the semiconductor rally.
- Among earnings of note, Morgan Stanley (MS) reported earnings better than the consensus. MS earnings are important because MS has large investment banking, trading, and wealth management businesses. Previously Goldman Sachs (GS), JP Morgan (JPM), and Bank of America (BAC) also reported good earnings. This indicates that the fundamentals of the financial sector are strong. As most investors are focused on tech, prudent investors should have some diversification in the financial sector. JPM and BAC are in the ZYX Buy Core Model Portfolio. Bank ETF KBE is in the ZYX Allocation Core Model Portfolio.
- We have been sharing with you the rising yields on long bonds. Now, it is spilling into mortgage rates. Mortgage rates hit the highest since August. Mortgage refinancing demand fell 26% week-to-week. Refinancing is very sensitive to interest rates.
- Yesterday, we shared with you that Google (GOOG) was going nuclear to obtain power for AI data centers. Amazon (AMZN) is now signing an agreement with Dominion Energy (D) to explore developing a small modular reactor near North Anna nuclear station.
- 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.
U.K.
In the U.K., new data shows that inflation is running below 2% for the first time since 2021.
- CPI came at 0.0% month-over-month vs. 0.1% consensus.
- CPI came at 1.7% year-over-year vs. 1.9% consensus.
Historically, the U.K. has preceded the U.S. by several months. For this reason, it is important to pay attention to U.K. economic data.
Magnificent Seven Money Flows
In the early trade, money flows are positive in Nvidia (NVDA) and Tesla (TSLA).
In the early trade, money flows are neutral in Amazon (AMZN) and Alphabet (GOOG).
In the early trade, money flows are negative in Apple (AAPL), Meta (META), and Microsoft (MSFT).
In the early trade, money flows are neutral 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.
Very Very Short-Term Indicator
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.
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
Bitcoin (BTC.USD) bulls are excited. Bitcoin gurus are proclaiming that this time bitcoin is going to breakout and rocket to $100K. Bitcoin is trading above $67K as of this writing.
Markets
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.
S&P 500 futures are trading at 5866 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 9 points.
Gold futures are at $2697, silver futures are at $32.09, and oil futures are at $70.71.
GOOGLE GOES NUCLEAR FOR AI POWER, ISRAELI RESTRAINT IMPACTS STOCKS, GOLD, AND OIL
Oct 15, 2024
To gain an edge, this is what you need to know today.
Google Goes Nuclear
Please click here for a chart of NANO Nuclear Energy stock (NNE).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of NNE is being used to illustrate the point.
- NNE is a micro reactor company.
- The trendline on the chart shows a steady uptrend since last month on the excitement about the use of nuclear power for AI data centers.
- There is a position in NNE in ZYX Buy Change Alert.
- For those who want next level information, the first in a series of podcasts titled “AI IS POWER HUNGRY – OPPORTUNITIES IN NUCLEAR” is now live in Arora Ambassador Club. To get on the waitlist to join Arora Ambassador Club, please click here to fill out the form.
- Google (GOOG) has decided on nuclear power for AI data centers. Most importantly, Google has signed a Master Plant Development Agreement for smart modular reactors with Kairos Power. The first plant will be deployed by 2030.
- The Google agreement will likely build more excitement for nuclear power. We have previously mentioned three conventional nuclear plant operators: Constellation Energy (CEG), Vistra (VST), and Public Service Enterprise Group (PEG). There are two publicly traded smart modular reactors of note – NuScale Power (SMR) and Oklo (OKLO).
- There are reports Israel has told the U.S. that Israel will not attack Iran’s nuclear facilities or oil infrastructure. This development is impacting the markets in the following ways:
- Buying in stocks
- Selling in volatility index (VIX) futures
- Selling in the dollar
- Selling in oil
- Selling in gold and silver
- Due to The Arora Report anticipating this scenario as the highest probability scenario, members got ahead of the curve when they received a signal to take partial profits on gold ETF GLD in ZYX Allocation as well as silver ETF SLV and gold miner Newmont (NEM) in ZYX Buy.
- Earnings season is in full swing.
- Among important earnings of note, Bank of America (BAC) and Goldman Sachs (GS) reported earnings better than the consensus. BAC is in ZYX Buy Core Model Portfolio and is long from $7.69. BAC is trading at $43.11 as of this writing in the premarket. This represents a gain of 461%.
- Johnson & Johnson (JNJ) reported lower than expected earnings.
- The nation’s largest health insurer United Health (UNH) is lowering its outlook due to rising medical costs.
- 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), Microsoft (MSFT), Meta (META), Tesla (TSLA), Apple (AAPL), and GOOG.
In the early trade, money flows are neutral in Nvidia (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 *** 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.
Very Very Short-Term Indicator
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.
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
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.
S&P 500 futures are trading at 5910 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 133 points.
Gold futures are at $2665, silver futures are at $31.22, and oil futures are at $70.59.
BONDS DEFY EXPECTATIONS, EARNINGS SEASON WILL BE A TELL FOR AI
Oct 14, 2024
To gain an edge, this is what you need to know today.
Bonds Defy Expectations
Please click here for a chart of 20+ year Treasury bond ETF (TLT).
Note the following:
- Long bonds are defying expectations in the market.
- The chart shows when the Fed cut interest rates by 50 bps. At that time, TLT had shown a technical breakout. The expectations were for TLT to go higher.
- The chart shows the contrary Arora call that TLT would likely go down.
- We recently wrote:
In The Arora Report analysis, if it was not for the Middle East conflict escalation, TLT would have already fallen into the top support zone.
- The chart shows that The Arora Report call has been spot on. TLT has now hit the top band of the support zone.
- What happens next to long bonds will come down to the election. The prevailing consensus is that there will be a divided government. A divided government will be good for both stock and bond markets. If one party sweeps, there will be a high probability of TLT hitting the lower support zone.
- Bonds offer competition to stocks. Rising yields also lower PEs. For the time being, the stock market is drunk on the momentum generated by the 50 bps cut instead of a 25 bps cut. When the momentum wanes, the stock market will start paying attention to rising yields.
- Prudent investors should note that so far the data has not been supportive of the Fed’s decision to cut interest rates by 50 bps.
- Earnings season is in full swing. Earnings season will be a tell for AI. Undoubtedly, almost every company will hype AI. In the prior quarters, the stock of almost every company that mentioned AI ran up. Here is the key question: Will the stocks run again just on the mention of AI or will the market look for hard data regarding AI?
- After the weekend pump, the momo crowd buying in stocks in the early trade is aggressive.
- Traders are fixated on S&P 6000 as the magnet.
- 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.
China
In a Saturday briefing, China did not offer new economic stimulus China also did not provide specific numbers as most investors had expected.
- Foreign investors are disappointed and selling Chinese stocks.
- Local investors are satisfied and buying Chinese stocks.
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.
Very Very Short-Term Indicator
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.
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 *** 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 for two reasons:
- Trump has moved up in the polls. Trump is considered more bitcoin friendly.
- Foreign speculators who are selling Chinese stocks are putting the money in bitcoin.
Markets
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.
S&P 500 futures are trading at 5877 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 48 points.
Gold futures are at $2668, silver futures are at $31.37, and oil futures are at $73.97.
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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.