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.’
GOLD MINER NEWMONT SHINES AS AN ANTIDOTE TO RECKLESS GOVERNMENT BORROWING AND SPENDING
Jul 25, 2025
To gain an edge, this is what you need to know today.
Necessary Antidote
Please click here for a chart of gold miner Newmont stock (NEM).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of NEM is being used to illustrate the point.
- The chart shows the rise in NEM so far this year. NEM has risen 56% from the midpoint of the Arora buy zone as of this writing.
- The chart shows NEM was previously in the Arora buy zone. The chart shows the return for patient investors who follow Arora buy zones.
- The chart shows the Arora signal for a trade around position. Trade around positions are a technique used by billionaires and hedge funds to maximize returns while reducing risk.
- The chart shows when a signal was given to take profits on the trade around position.
- The chart shows the upward trendline in NEM stock.
- The chart shows the gap up on earnings.
- The chart shows negative divergence in RSI. This indicates internal momentum is slowing as the stock price rises. In The Arora Report analysis, this is a negative and indicates the probability of a pullback is high. Prudent investors who are not in NEM may want to consider waiting for a pullback in the new Arora buy zone. NEM is in the ZYX Buy Core Model Portfolio.
- It is no secret that reckless government borrowing and spending continues. Prudent investors wanting to protect their wealth for the long term need antidotes to reckless government borrowing and spending. NEM stock shines as an antidote and is one of several antidotes in the Arora Portfolios.
- Durable goods came warmer than expected. Here are the details:
- Durable goods came at -9.3% vs. -11% consensus.
- Durable goods ex-transportation came at 0.2% vs. -0.2% consensus.
- President Trump’s visit to the Fed yesterday was dramatic. It is yet to be seen if the visit will result in a rate cut when FOMC meets next week.
- S&P 500 has just traced the longest series of records since December 2024. As is historically the case, investors suffer from recency bias. After the streak just experienced, almost everyone expects the stock market to go higher. Think of a boat where everyone is on the same side. Nothing bad happens until a storm hits, then the boat can capsize. This is why it is important to pay attention to the Arora Protection Band.
- As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.
Magnificent Seven Money Flows
In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Meta (META), Microsoft (MSFT), and Tesla (TSLA).
In the early trade, money flows are negative in Nvidia (NVDA).
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 *** (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. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated.
Very Very Short-Term Indicator
The Arora Report’s proprietary 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 seeing selling and has fallen below the first support level.
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 6406 as of this writing. S&P 500 futures resistance levels are 6500 and 6700: support levels are 6256, 6131, and 6017.
DJIA futures are up 39 points.
Gold futures are at $3342, silver futures are at $39.04, and oil futures are at $66.47.
Arora Protection Band And What To Do Now
It is important for investors to look ahead and not in the rearview mirror. The proprietary Arora Protection Band from The Arora Report is very popular. The Arora Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash, Treasury bills, short term fixed income, 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.
TRUMP TO VISIT FED – FIRST FOR A PRESIDENT IN 20 YEARS, 100K ROBOTS PER MONTH BUT TOUGH ROAD FOR TESLA
Jul 24, 2025
To gain an edge, this is what you need to know today.
Pressure To Cut Rates
Please click here for a chart of Tesla stock (TSLA).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of TSLA stock is being used to illustrate the point.
- The chart shows the fall in TSLA stock after reporting earnings.
- The chart shows that zone 2 (support) is far off.
- RSI on the chart shows that TSLA stock is not oversold after the drop.
- On the earnings conference call, Tesla CEO Elon Musk shared his ambition of Tesla producing 100K humanoid robots per month in five years. Musk was also positive about the energy side of Tesla. Usually Musk’s vision of the future of Tesla creates enough excitement for the stock market to ignore the deteriorating EV side of the business. That is not the case this time. In The Arora Report analysis, this indicates the momo crowd is moving away from TSLA stock and into more speculative stocks.
- Alphabet (GOOG, GOOGL) earnings were strong. Alphabet raised its capex budget. In The Arora Report analysis, this is positive for the AI story.
- Prudent investors need to be aware of several crosscurrents in the market today related to interest rates.
- President Trump is planning to visit the Fed ahead of the FOMC meeting next week. This will be the first time in 20 years a president will visit the Fed. Historically, presidential visits were to endorse the Fed’s work and independence. President Trump’s visit is expected to have the opposite tone given his threats to fire Fed Chair Powell and demands for the Fed to cut interest rates.
- Treasury Secretary Scott Bessent shared his thoughts on some of the crosscurrents:
- The Fed should cut interest rates one or two times this year.
- China will divest from U.S. Treasuries.
- The Genius Act will increase demand for U.S. Treasuries.
- A one time price increase from tariffs is not inflationary.
- The Treasury auction yesterday was good. Here are the results:
- $13B 20 year Treasury bond reopening
- High yield: 4.935% (When-Issued: 4.951%)
- Bid-to-cover: 2.79
- Indirect bid: 67.4%
- Direct bid: 21.9%
- Initial jobless claims came at 217K vs. 225K consensus. This is very strong data and does not support a rate cut.
- Hopes are high that a trade deal is close between the E.U. and U.S. with 15% tariffs.
- Important earnings after hours today are from Intel (INTC).
- As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.
Japan
There is speculation that Prime Minister Ishiba will resign next month. The Japanese stock market has broken out. Please see yesterday’s Morning Capsule. Any political instability may cause the Japanese market to pull back to the Arora buy zone. Please see ZYX Allocation for the buy zone for Japan ETF EWJ.
India
India and the U.K. have signed a trade deal. Expectations are high that India and the U.S. are also close to a trade deal.
India remains the top investment opportunity among emerging markets for long term investors. There are three India ETFs in ZYX Emerging Model Portfolio. They are EPI, SMIN, and GLIN. There is also an India focused fund FFXDF in the ZYX Buy Core Model Portfolio. There is a trade around position on FFXDF as well.
Magnificent Seven Money Flows
In the early trade, money flows are positive in Nvidia (NVDA), Meta (META), Amazon (AMZN), and GOOG.
In the early trade, money flows are neutral in Apple (AAPL) and Microsoft (MSFT).
In the early trade, money flows are negative in TSLA.
In the early trade, money flows are neutral in S&P 500 ETF (SPY) and positive in Nasdaq 100 ETF (QQQ).
Momo Crowd And Smart Money In Stocks
The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade.
Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated.
Very Very Short-Term Indicator
The Arora Report’s proprietary 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 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 6398 as of this writing. S&P 500 futures resistance levels are 6500 and 6700: support levels are 6256, 6131, and 6017.
DJIA futures are down 308 points.
Gold futures are at $3357, silver futures are at $39.07, and oil futures are at $66.03.
OPPORTUNITY IN JAPAN AFTER BREAKOUT TRIGGERED BY TRADE DEAL WITH U.S., TRUMP AI SPEECH AHEAD
Jul 23, 2025
To gain an edge, this is what you need to know today.
Opportunity In Japan
Please click here for a chart of Japan ETF (EWJ).
Note the following:
- The chart shows the jump up in EWJ on the news of a trade deal between the U.S. and Japan.
- The chart shows EWJ has broken out above zone 1(previously resistance).
- The chart shows EWJ could pull back to zone 2 (support) if the breakout is not sustained.
- RSI on the chart shows EWJ is barely overbought after the trade deal jump, indicating EWJ has room to run.
- The U.S. Japan trade deal reduces tariffs from 27.5% to 15% on Japanese auto imports. It also includes a $550B investment package from Japan. There are still unresolved tariffs on aluminum and steel.
- Investors excited about Japan need to factor in increased political instability. On July 20, Prime Minister Shigeru Ishiba’s Liberal Democratic Party (LDP) lost the parliamentary election for the upper house. The LDP lost the majority in the lower house in October 2024. For the first time since 1955, the LDP-Komeito coalition does not control both chambers of Parliament.
- Japan ETF EWJ is in ZYX Allocation Core Model Portfolio. A new Arora buy zone for EWJ was published earlier today. For the long-term investor, Japan is a good opportunity for the following reasons:
- Improved corporate governance and push for capital efficiency
- Strategic trade agreements creating diversification in export markets
- Undervalued equities
- Weak yen coupled with the Bank of Japan’s reluctance to raise interest rates
- Home to companies leading in automotive (TM, HMC), electronics (SONY), and robotics (FANUY) that will benefit from the shift to EVs, AI, and automation.
- Boost in corporate pricing power and consumer spending from transition from deflation to moderate inflation
- President Trump is expected to give a speech on AI today at the “Winning the AI Race” event. There are expectations that President Trump will sign related executive orders ahead of the speech.
- Meme crowd exuberance has kicked into high gear. Pumpers are trying very hard to turn several stocks into meme stocks. Remember, the end result of a meme craze is pumpers make a lot of money and gullible investors lose a lot of money. You may recall that over a period of time, The Arora Report has helped its members make a lot of money by judiciously taking advantage of this trend from both the long and short sides. Top stocks on The Arora Report’s radar are Kohl’s (KSS), Opendoor Technologies (OPEN), Krispy Kreme (DNUT), GoPro (GPRO), QuantumScape (QS), Rocket Companies (RKT), Wayfair (W), Berkshire Hathaway (BRK), and Rivian Automotive (RIVN).
- ATT (T) reported earnings roughly inline with consensus but is guiding lower.
- Important earnings after hours today are Alphabet (GOOG), Tesla (TSLA), T-Mobile (TMUS), IBM (IBM), and Chipotle (CMG).
- Important earnings to be released in the premarket tomorrow are American Airlines (AAL), Dow (DOW), Honeywell (HON), L3Harris Technologies (LHX), and Mobileye Global (MBLY).
- As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.
Magnificent Seven Money Flows
In the early trade, money flows are positive in Apple (AAPL), Amazon (AMZN), and Nvidia (NVDA).
In the early trade, money flows are neutral in Meta (META) and Microsoft (MSFT).
In the early trade, money flows are negative in GOOG and TSLA.
In the early trade, money flows are positive in S&P 500 ETF (SPY) and Nasdaq 100 ETF (QQQ).
Momo Crowd And Smart Money In Stocks
The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade.
Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated.
Very Very Short-Term Indicator
The Arora Report’s proprietary 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
API crude inventories came at a draw of 0.577M 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) is range bound.
Markets
Interest rates are ticking up, and bonds are ticking down.
The dollar is range bound.
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 6369 as of this writing. S&P 500 futures resistance levels are 6500 and 6700: support levels are 6256, 6131, and 6017.
DJIA futures are up 242 points.
Gold futures are at $3439, silver futures are at $39.84, and oil futures are at $64.97.
MOMO CROWD BEHAVIOR TRIGGERS A YELLOW FLAG FOR STOCK MARKET, TARIFFS COST GM $1.1B — MOMO OBLIVIOUS
Jul 22, 2025
To gain an edge, this is what you need to know today.
Caution For The Stock Market
Please click here for a chart of Opendoor Technologies (OPEN).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of OPEN stock is being used to illustrate the point.
- The chart shows an aggressive move up in OPEN stock.
- The move up was not due to a fundamental development or hard news, but due to aggressive pumping in the media.
- OPEN operates a digital platform for residential real estate transactions. Nothing changed in its business as the stock made the massive move up.
- The volume was massive, and it has been increasing rapidly. Yesterday, the volume was 1.82B shares; as a reference, the average volume is 137,000 shares. More importantly, the float is only 655.06M shares. Typically, only a very small fraction of the float trades every day. In the case of OPEN, the trading volume was about three times the float.
- The chart shows that in the afternoon, the stock quickly lost about half of its value before recovering. The reason for the drop appears to be a large seller quickly dumping the shares. The VUD indicator shows the net supply of stock at the time of the dump. VUD indicator is a powerful proprietary indicator of The Arora Report that measures net supply and net demand in real time. Green on the chart indicates net demand, and orange on the chart indicates net supply.
- The momo crowd’s primary reason to buy a stock is that the stock is running up. The momo crowd’s analysis is often limited to acting on pumps in the media.
- In The Arora Report analysis, what has changed over the last week is that the momo crowd has become more reckless than ever, and pumpers have become more aggressive. OPEN is just one of the many examples. The increasingly reckless behavior of the momo crowd has triggered a yellow flag. This is not a precise timing signal but historically precedes a pullback.
- Other cracks are beginning to appear. The $500B Stargate project for AI, highly publicized by President Trump, is having difficulties getting off the ground.
- Treasury Secretary Bessent wants to review the “entire Federal Reserve Institution.”
- Fed Chair Powell will be speaking today, and investors are awaiting clues about the policy and if he talks about his future.
- The momo crowd has been aggressively buying stocks, ignoring tariffs. Now, tariffs are beginning to show up in earnings. General Motors (GM) profits were impacted as the tariffs cost General Motors $1.1B. For 2025, GM expects the impact of tariffs to be $4-5B. As is the pattern, the momo crowd will continue to remain oblivious to the hard data, but how long will non-momo investors ignore the hard data?
- As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora 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), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL).
In the early trade, money flows are neutral in Microsoft (MSFT).
In the early trade, money flows are negative in Nvidia (NVDA).
In the early trade, money flows are neutral in S&P 500 ETF (SPY) and in Nasdaq 100 ETF (QQQ).
Momo Crowd And Smart Money In Stocks
The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade.
Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated.
Very Very Short-Term Indicator
The Arora Report’s proprietary 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
Previously, JPMorgan (JPM) had called bitcoin (BTC.USD) a fraud. Now, JPMorgan is looking at lending against cryptos. The perception of cryptos has quickly changed.
Bitcoin is range bound.
Markets
Interest rates are ticking down, and bonds are ticking up.
The dollar is range bound.
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 6348 as of this writing. S&P 500 futures resistance levels are 6700 and 6500: support levels are 6256, 6131, and 6017.
DJIA futures are down 28 points.
Gold futures are at $3413, silver futures are at $39.44, and oil futures are at $65.46.
88% OF COMPANIES BEAT CONSENSUS — EARNINGS FROM ALPHABET, TESLA, AND INTEL AHEAD; JAPAN PROBLEM
Jul 21, 2025
To gain an edge, this is what you need to know today.
88% Of Companies Beat Consensus
Please click here for a chart of Alphabet stock (GOOG), (GOOGL).
Note the following:
- In The Arora Report analysis, in the long run, earnings are the single biggest determinant of the stock market direction. So far this season, 88% of companies have beaten consensus estimates despite tariff headwinds.
- The Morning Capsule is about the big picture, not an individual stock. The chart of GOOG stock is being used to illustrate the point.
- The chart shows that GOOG stock is still significantly below its high, even though the stock market has moved higher than prior highs. GOOG stock has lagged due to concerns about AI chatbots taking market share away from Google search.
- The chart shows that GOOG stock is going up going into earnings. Over the last month, the optimism about Alphabet has significantly increased amongst investors.
- The chart shows that GOOG stock is entering zone 2 (resistance).
- RSI on the chart shows that GOOG stock is overbought going into earnings.
- There are several important earnings being reported this week, but Alphabet earnings are the most important. For two reasons:
- Alphabet earnings will impact the sentiment on about 40% of S&P 500 capitalization.
- Alphabet’s earnings are a proxy for digital advertising, due to the dominance of Google search.
- Consumers’ habits of searching are changing. However, in spite of AI search alternatives such as ChatGPT, Alphabet’s earnings have been resilient for several reasons:
- Most AI search bots do not accept advertising, and as such, Alphabet has had no increased competition in advertising. In The Arora Report analysis, this is about to change. AI bots are about to accept advertising.
- Alphabet has adapted by adding AI mode to search results. So far, Alphabet has successfully monetized AI mode.
- Alphabet has made its search results junk ridden and less useful to drive advertising. Remember that Google sees its client as the advertiser, not the person using the search engine. In The Arora Report analysis, although making search junk ridden has benefited Google in the short term, it will hurt Google in the long term.
- Alphabet has diversified its revenue stream with Google Cloud and YouTube. YouTube is performing extremely well.
- In The Arora Report analysis, in the long term, Alphabet has significant risk of losing search dominance. This is the reason the Arora buy zone on GOOG is suspended. On the flip side, Alphabet is the cheapest of the Mag 7 stocks, and its Waymo unit has significant potential in robotaxis.
- The second most important earnings this week are from Tesla (TSLA). TSLA earnings have a major impact on the speculative sentiment in the entire market.
- In the early trade, TLSA stock is seeing significant buying on CEO Elon Musk saying that he is back to working 7 days and sleeping in the office.
- About 25% of the S&P 500 report earnings this week.
- Other important earnings this week include Intel (INTC), Texas Instruments (TXN), IBM (IBM), Coca-Cola (KO), Honeywell (HON), NXP Semiconductor (NXPI), Halliburton (HAL), RTX (RTX), Boston Scientific (BSX), AT&T (T), Freeport-McMoRan (FCX), GE Vernova (GEV), and T-Mobile (TMUS).
- Leading indicators will be released at 10am ET and may be market moving.
- Treasury Secretary Bessent is saying the quality of the trade deal with the E.U. is more important than meeting the August 1 deadline. The stock market is taking this as a positive.
- As an actionable item, the sum total of the foregoing is in the Arora Protection Band, which strikes the optimum balance between various crosscurrents. Please scroll down to see the Arora Protection Band. The Arora Protection Band is one of the large number of unique edges that are available to members of The Arora Report.
Japan
Japan is important to the U.S. market due to the carry trade. The ruling party in Japan suffered losses in the election. This will make the job of Prime Minister Ishiba more difficult in negotiating a trade deal with the U.S. as well as holding off against the demands of the opposition. As of this writing, the yen is rallying against the dollar. Prudent investors should keep a close eye on the yen and Japan.
Magnificent Seven Money Flows
In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Alphabet (GOOG), Meta (META), Tesla (TSLA), and Apple (AAPL).
In the early trade, money flows are negative in Microsoft (MSFT)
In the early trade, money flows are neutral in S&P 500 ETF (SPY) and in Nasdaq 100 ETF (QQQ).
Momo Crowd And Smart Money In Stocks
The momo crowd is *** stocks in the early trade. Smart money is *** in the early trade.
Note for new members: Smart money often sells into the strength generated by momo crowd buying and buys into the weakness generated by momo crowd selling. Over a long period of time, investors come out ahead by adopting smart money’s ways. The exception is in a raging bull market – for very short term trades, consider following the momo crowd and not smart money. Smart money is an important indicator but is only one of hundreds of indicators that go into determining the Arora Protection Band and signals. Please click here and here to understand how signals are generated.
Very Very Short-Term Indicator
The Arora Report’s proprietary 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) 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 6342 as of this writing. S&P 500 futures resistance levels are 6500 and 6700: support levels are 6256, 6131, and 6017.
DJIA futures are up 72 points.
Gold futures are at $3395, silver futures are at $38.90, and oil futures are at $65.78.
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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.