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.’

PAY ATTENTION: SENTIMENT TURNS EXTREMELY BULLISH AND THAT IS NOT POSITIVE, $5 TRILLION OF QUAD WITCH

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

Extremely Positive

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 reached the low band of the top resistance zone.
• RSI on the chart shows that as overbought as the stock market is, there is room for the stock market to run higher.
• The stock market always has a lot of crosscurrents.  A new negative crosscurrent has developed.  Sentiment has very quickly become extremely positive.  As we have been sharing with you, at extremely positive, sentiment is a contrary indicator.  In plain English, sentiment at extremely positive is a sell signal.  Here are the key points:
  • No one should act based only on sentiment.
  • Sentiment is an important indicator but only one of the many indicators that go into a comprehensive 360 degree analysis.
  • Sentiment is not a precise timing indicator.
  • If the stock market pulls back, sentiment may also pull back, and thus negate any negative implications.
  • Market mechanics continue to be on the positive side.
• Today is quadruple witching.   In quadruple witching, stock index futures, futures options, stock options, and single stock futures expire.
• Quadruple witching can cause volatility.
• Over $5T notional value worth of options are expiring today.
• Related to options, depending upon how quadruple witching ends, there is a high probability of a market maker gamma squeeze.  If a gamma squeeze starts, this market mechanic can take the market higher than you would think.  To learn more about a market maker gamma squeeze, listen to the podcast titled “Market Mechanics: Impact Of Dealers’ Gamma Position Change On The Stock Market.”  The podcast is available in Arora Ambassador Club.
• New York Fed President John Williams is trying to tactfully walk back Powell’s dovishness.  So far, the stock market does not like what Williams has to say.  Williams is also deemphasizing the dot plot.  Williams says the rate cut question is not the main question before the Fed.
• The market is making many historic records.
  • In a historic record, 44% of stocks in S&P 500 are overbought.
  • In a historic record, small caps went from a new low to a new high in 48 calendar days.
• Due to the unprecedented nature of what is happening, be extra alert.  The protection band may need to be changed quickly.  
• As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Magnificent Seven Money Flows

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

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

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

Gold

The momo crowd is *** gold in the early trade.  Smart money is *** 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 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 $2046, silver futures are at $24.27, and oil futures are at $72.17.

S&P 500 futures are trading at 4774  as of this writing.  S&P 500 futures resistance levels are 4826, 4918, and 5020: support levels are 4713,4600, and 4460.

DJIA futures are down 33 points.

Protection Band And What To Do Now

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

Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash or Treasury bills or allocated to short-term tactical trades; and short to medium-term hedges of ***, and short term hedges of ***. This is a good way to protect yourself and participate in the upside at the same time.

You can determine your protection bands by adding cash to hedges.  The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.  If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.

It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.  When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.  High beta stocks are the ones that move more than the market.

Traditional 60/40 Portfolio

Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.

Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of seven year duration or less.  Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.

POWELL’S FLIP RISKS STOCK MARKET ANIMAL SPIRITS RUNNING WILD

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

Deploy Cash And Reduce Hedges

This is a reminder of the prior calls to deploy cash and reduce hedges.  Please see prior posts for details.

New Historic High

Please click here for a chart of Dow Jones Industrial Average ETF Trust (DIA).

Note the following:

• The chart shows Dow Jones Industrial Average (DJIA) has just hit a new historic high.
• The chart shows a breakout in DJIA.
• The chart shows the trendline underlying the recent rally.
• The chart shows that the slope of the trendline is very steep, and now the stock market is going parabolic with even steeper ascent.  Historically, such a move is not sustainable beyond a short time.  Often, there is a pullback due to a reason no one is thinking about right now.
• The chart shows that RSI is very overbought and is diverging from the price.  This indicates that the stock market is primed for a pullback as soon as momentum wanes.
• In The Arora Report analysis, the tentative call is to use pullbacks to buy stocks.
• Working against a pullback are three market mechanics that are pushing the stock market higher.  These market mechanics are the following:
  • Year end chase
  • Positioning
  • 0DTE
• Now in The Arora Report analysis, after Powell’s flip yesterday, the probability of another market mechanic of market maker gamma squeeze pushing the stock market higher has dramatically gone up.  If a market maker gamma squeeze starts, the rate of ascent of the market will become steeper even after the recent steep rise.  Understanding the market mechanic of gamma squeeze can give you a big edge.  The easiest way to understand the market mechanic of gamma squeeze is to listen to the podcast titled “Market Mechanics: Impact Of Dealers’ Gamma Position Change On The Stock Market.”  
• Yesterday, Powell completely flipped from what he said two weeks ago.  Why did Powell flip?  All you have to do is take a look at the dot plot that the Fed issued yesterday.  In view of the dot plot, Powell had no choice but to flip.  If Powell had not flipped, he would have looked like a fool.
• By flipping, Powell and the Fed are taking a big risk.  The risk is of animal spirits going wild in the stock market.  If the stock market rises parabolically, it will loosen financial conditions and potentially bring inflation back.
• The data released this morning does not support Powell’s flip.  One has to wonder if the Fed did not have access to the data that was released this morning when they made the decision.
• The two most important pieces of data released this morning are retail sales and jobless claims.
  • Retail sales shows that after a brief lull, consumer splurge is accelerating again.  Here are the details:
    • Headline retail sales came at 0.3% vs. -0.1% consensus.
    • Retail sales ex-auto came at 0.2% vs. 0.0% consensus.
  • Weekly Initial Claims came at 202K vs. 222K consensus.  This indicates the job picture is extremely strong.  Weekly Initial Claims is a leading indicator and carries heavy weight in our adaptive ZYX Asset Allocation Model with inputs in ten categories.  In plain English, adaptiveness means that the model changes itself with market conditions.  Please click here to see how this is achieved.  One of the reasons behind The Arora Report’s unrivaled performance in both bull and bear markets is the adaptiveness of the model.  Most models on Wall Street are static.  They work for a while and then stop working when market conditions change.
• In The Arora Report analysis, prudent investors need to be very mindful that the risk to the market and The Arora Report bullish call is that if the data continues strong like this morning, Powell and the Fed may have no choice but to flip again.  
  • Investors who are committed to maximizing the wealth they generate over their lifetime need to be focused on risk adjusted returns, not just returns.  Focusing on risk adjusted returns is the key.  The Arora Report is a rare service that helps you generate high risk adjusted returns which in turn maximize the wealth you generate over your lifetime.
• Inflation adjusted 10-year yield has now fallen to 1.76%.
• Investors need to be mindful that going forward, diversification beyond the Magnificent Seven may become very important.  The magnificent seven stocks are Apple (AAPL), Amazon (AMZN), Alphabet (GOOG, GOOGL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).  As an early indicator, take a look at yesterday’s price action.  The Magnificent Seven rose 0.7%, while Russell 2000 which represents small caps rose 3.5%.  IWM is the ETF representing Russell 2000.
  • We will be adding small caps and micro caps to ZYX Allocation Model Portfolios.  As an important tip, if you are interested in accelerating wealth generation, read the section titled “Accelerating Wealth Generation” in the Trade Management Guidelines.  You can significantly increase your risk adjusted returns by dividing your money between ZYX Buy, ZYX Allocation, ZYX Short, and ZYX Emerging.  This is an evergreen strategy that has worked beautifully under all market conditions, over the last 16 years, including the period of great financial crisis.
• 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.

European Central Bank

The European Central Bank (ECB) left rates unchanged.  The market is expecting six rate cuts from the ECB.

ECB sees 2025 inflation at 2.1%.  ECB will also accelerate exiting from $1.8T of pandemic stimulus.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Amazon, Nvidia, Alphabet, Tesla, and Apple.

In the early trade, money flows are negative in Microsoft and Meta.

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 *** stocks in the early trade.

Gold

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

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

Oil

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

For longer-term, please see oil ratings.

Bitcoin

Crypto promoters were proclaiming that bitcoin (BTC.USD) would run to $50,000 after the Fed announcement.  Bitcoin has not run after the Fed announcement in the way crypto promoters had proclaimed.  Expect crypto promoters to have a new narrative to run up bitcoin.

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 $2044, silver futures are at $24.37, and oil futures are at $71.13.

S&P 500 futures are trading at 4788 as of this writing.  S&P 500 futures resistance levels are 4826, 4918, and 5020: support levels are 4713, 4600, and 4460.

DJIA futures are up 220 points.

WALL STREET’S FEAR GAUGE LOWEST SINCE NOVEMBER 2019 AHEAD OF THE FED, PPI BETTER THAN CONSENSUS

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

Fear Evaporates

Please click here for a chart of CBOE Volatility Index (VIX).

Note the following:

• The chart shows that VIX has fallen to the lowest levels since November 2019. VIX is also known as Wall Street’s fear gauge.
• Fear has evaporated as market mechanics have taken over.
• When market mechanics drive the stock market higher, VIX hitting a low is inline with pre-pandemic historical patterns.
• From historical patterns, when fear completely evaporates, often some event comes along that causes the stock market to drop.
• Producer Price Index (PPI) came better than the consensus but inline with The Arora Report analysis.  Here are the details:
  • Headline PPI came at 0.0% vs. 0.1% consensus.
  • Core PPI came at 0.0% vs. 0.2% consensus.
• We have been sharing with you for a while that inflation is coming down sharply in goods.  We wrote, only two days ago:

In The Arora report analysis, since the U.S. is a huge importer of Chinese goods, deflation in China is helping inflation in the U.S. come down.

• As we have been sharing with you, in The Arora Report analysis the problem with inflation is in services.
• The FOMC rate decision will be announced at 2pm ET followed by Powell’s press conference at 2:30pm ET.
• Ahead of the Fed, over the last month investors have bought stocks, bonds, and bitcoin aggressively by making a bet that the Fed will cut interest rates five times in 2024 with the first rate cut coming in March.  We will be carefully analyzing the FOMC statement and Powell’s press conference to see if the Fed pushes back against investors running ahead of the Fed.  Long time readers of The Arora Report know that this is the pattern of the momo crowd, that they always run ahead of the Fed.  A vast majority of the time, the momo crowd has been wrong, but that does not stop them from repeating the same pattern again and again.  The reason this pattern exists is that momo gurus’ real job is to push up the stock market in the short term, without any concern for the long term.  Momo gurus disguised as analysts or strategists are very good at their job.  Momo gurus know that nothing excites the momo crowd more than rate cuts.
• In The Arora Report analysis, the Fed is in a difficult position.  The data from the Fed already indicates two rate cuts in the second half of next year.  If Powell is dovish or the Fed goes to three rate cuts, momo gurus will start pushing eight rate cuts next year and that will drive the stock market higher.  On the other hand, if the Fed and Powell push hard against the notion of five rate cuts next year, momo gurus will come out in full force with two narratives: fight the Fed and do not believe the Fed.
• Prudent investors need to be aware that over the last two years there have been several times when these two narratives from momo gurus did not work and the stock market pulled back.
• 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.

54% Devaluation

Argentina has devalued its currency by 54%.  The new president is engaged in massive cuts.  Economy Minister Luis Caputo said, “There is no more money.”  Foreign investors have rushed into Argentina making a bet that austerity will work.

As we have written before, there is a potential opportunity to make significant money in Argentina.  A signal to buy Argentina may be coming.  When the data supports it, a signal to buy Argentina will be in ZYX Emerging.

Magnificent Seven Money Flows

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

In the early trade, money flows are negative in Nvidia (NVDA), Meta (META), 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 *** (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

API crude inventories came at a draw of 2.3M barrels vs. a consensus of a draw of 1.5M barrels.

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

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) has stabilized over $40,000.  To keep investors excited, bitcoin promoters are claiming that bitcoin will resume its run after the Fed announcement.  Prudent investors should note that bitcoin promoters are always certain of the future.

Markets

Our very, very short-term early stock market indicator will depend on the Fed.  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 $1998, silver futures are at $23.02, and oil futures are at $69.35.

S&P 500 futures are trading at 4707  as of this writing.  S&P 500 futures resistance levels are 4713, 4770, and 4826: support levels are 4600, 4460, and 4400.

DJIA futures are up 75 points.

CPI DISAPPOINTS STOCK MARKET BULLS, EPIC GOOGLE LOSS – RISK FOR APPLE

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

CPI

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 in the early trade this morning, the stock market broke above the top band of the mini resistance zone.
• The chart shows that as of this writing the breakout appears to be failing.
• Stock market bulls ran up the stock market Friday and yesterday in anticipation of lower inflation numbers.
• This morning, before the release of CPI data, the momo crowd was aggressively buying stocks.  This is inline with the momo crowd’s pattern.  They buy ahead of key events hoping for better numbers. In contrast, smart money tends to not buy before an event because they understand there is risk if the numbers are worse than expected.
• CPI came slightly worse than the consensus but significantly worse than the whisper numbers.  Here are the details:
  • Headline CPI came at 0.1% vs. 0.0% consensus.
  • Core CPI came at 0.3% vs. 0.3% consensus.
  • However, it is important for prudent investors to note that whisper numbers flying around Friday and yesterday for Core CPI were 0.1%.  
• The momo crowd bought immediately after the release of CPI, but smart money stepped in to sell the rally.
• The consensus in the stock market now is that the Fed will cut interest rates five times in 2024, and the first cut will be in March.
• Prudent investors should take the stock market consensus with a grain of salt.  In The Arora Report analysis, the reasons are very simple.
  • 0.3% core inflation is 3.6% annualized. The Fed’s target is 2%.  The Fed is not about to change its target.  
  • Powell is very aware of Burns’s blunder and does not want to repeat it.  Arthur Burns was perhaps the most intelligent Chairman of the Fed.  He lowered interest rates when inflation came down, but then inflation came roaring back and he had to raise interest rates again.  This is known as Burns’s blunder.
• 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.
• For guidance within the protection band, there is a change.  Please see the “Buy Zones and Buy Now Ratings” and “Nibbling” sections from yesterday’s Afternoon Capsule. 

Epic Google Loss

Epic Games had sued Google (GOOG, GOOGL) claiming that its app store and Google Play Billing were illegal monopolies.  The news is that Epic has won the lawsuit.  Google intends to appeal.  Google makes substantial revenues from the Google Play app store.  These revenues are now at risk.  There is a negative readthrough for Apple (AAPL).

In The Arora Report analysis, investors are underestimating the antitrust risk to both Alphabet and Apple.  

Layoffs

Toy maker Hasbro (HAS) is planning to layoff 900 people, or about 20% of its staff, due to a fall in sales of games and toys during the Christmas season.

Prudent investors should note that this data point runs contrary to stock market bulls’ expectations that the consumer will continue to excessively spend during this holiday season.

Magnificent Seven Money Flows

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

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

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

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** (To see the locked content, please take a 30-day free trial) stocks in the early trade.  Smart money briefly *** after the release of the data but is otherwise inactive.

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

There is a fear of oil glut.  

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) has stabilized over $41,000.

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 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 $2000, silver futures are at $23.22, and oil futures are at $70.51.

S&P 500 futures are trading at 4677 as of this writing.  S&P 500 futures resistance levels are 4713, 4770, and 4826: support levels are 4600, 4460, and 4400.

DJIA futures are up 51 points.

FED’S PROBLEM: HOW TO SLOW DOWN THE RUNAWAY STOCK MARKET TRAIN DRIVEN BY MARKET MECHANICS

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

The Fed’s Problem

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

Note the following:

• The chart shows that the stock market has had a significant rally since the beginning of November.
• The chart shows Arora buy signals.
• The chart shows that the stock market is consolidating right at the low band of the resistance zone.
• RSI shows that the stock market can go either way but the probability to the upside is higher.
• CPI data will be released tomorrow at 8:30am ET, and PPI will be released on Wednesday at 8:30am ET.  Both have the potential to move the stock market, but the market will really be waiting for the Fed.
• The FOMC meeting starts tomorrow.  The FOMC rate decision will be announced Wednesday at 2pm ET followed by Powell’s press conference at 2:30pm.
• The Fed has a problem.  In The Arora Report analysis, the rise in the stock market has considerably loosened financial conditions.  Financial conditions have become significantly looser than the Fed likely wants at this time.
• In The Arora Report analysis, the Fed needs to be very careful as the stock market is positioned to twist whatever the Fed and Powell say to move the runaway stock market train faster.  Here is the key question for investors: Will the Fed be able to put the breaks on the runaway stock market train?
• The primary driver behind the runup in the stock market is a group of three market mechanics.  Historically, market rallies driven by these market mechanics at this time of the year take a pause or even have a slight pullback right about now, before another leg up.  The tentative plan is to use any pullback to buy.  The more you understand about market mechanics, the more money you will extract from the markets.  To help you, a new podcast titled “Market Mechanics Trump Mother Of All Reports – A Look Ahead” is in production.  The podcast will be in Arora Ambassador Club.
• Two other factors driving the stock market higher are the following:
  • AI frenzy
  • Consensus of five rate cuts in 2024
• 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.

Deflation In China

China is now experiencing deflation.

• November CPI came at -0.5% month-over-month vs. -0.1% consensus.
• November PPI came at -3.0% year-over-year vs. -2.8% consensus.

In The Arora report analysis, since the U.S. is a huge importer of Chinese goods, deflation in China is helping inflation in the U.S. come down.  

Stocks in China first fell and then came back on hopes of government stimulus.

Japan

The yen fell on an attempt to walk back earlier comments about raising rates.

In the Japanese stock market, Nikkei rose 1.5%.

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 negative in Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG), Meta (META), and Apple (AAPL).

In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).

Momo Crowd And Smart Money In Stocks

The momo crowd is *** (To see the locked content, please take a 30-day free trial) stocks in the early trade.  Smart money is *** in the early trade.

Gold

The momo crowd is *** gold in the early trade.  Smart money is *** 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) dropped on disappointment that whales did not take advantage of low liquidity during the weekend to run up bitcoin.  Bitcoin bulls were hoping for a run to $50,000.  Instead, it appears that Whales took profits and sold Bitcoin to retail investors around $45,000, while building a narrative of Bitcoin going higher.  Bitcoin is trading at $41,949 as of this writing in the premarket.

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 $2008, silver futures are at $23.20, and oil futures are at $71.27.

S&P 500 futures are trading at 4657 as of this writing.  S&P 500 futures resistance levels are 4713, 4770, and 4826: support levels are 4600, 4460, and 4400.

DJIA futures are down 8 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.