By Nigam 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.’
CRITICAL POWELL SPEECH AMAZON STOCK BREAKS OUT ON INSATIABLE AI DEMAND, APPLE BUOYED ON RUSH TO UPDATE IPHONES, SENTIMENT BACK TO EXTREME POSITIVE
Oct 31, 2025
To gain an edge, this is what you need to know today.
Insatiable AI Demand
Please click here for a chart of Amazon stock (AMZN).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of AMZN stock is being used to illustrate the point.
- The chart shows the gap up in AMZN stock after earnings.
- The chart shows AMZN stock has technically broken out.
- The chart shows zone 1. This was previously a resistance zone and has now turned into a support zone.
- RSI on the chart shows AMZN stock is very overbought. Overbought stocks are susceptible to a pullback.
- Amazon had been losing market share to Microsoft’s Azure and Google Cloud. All of that has gone by the wayside because the demand for AI compute is insatiable. The numbers from Amazon earnings tell a story:
- Adjusted earnings came at $1.95 per share vs. $1.57 consensus.
- Revenue came at $180.2B vs. $177.9B consensus.
- AWS revenue came at $33B vs. $32.5B consensus.
- Q4 revenue projections came at $206B – $213B vs. $208.4B consensus.
- Amazon customers want to run their AI workloads in AWS.
- Amazon is advancing its AWS AI infrastructure for agent creation and deployment.
- Amazon is expanding its AI compute cluster from 500K Trainium 2 chips to over 1M by the end of the year.
- Trainium 3 will allow Amazon to supply more customers with AI compute.
- Based on the Amazon earnings and conference call, there is a new trade around position signal on AMZN stock in ZYX Buy. The trade around position is a separate and distinct from the core position in the Model Portfolio.
- Consumers are rushing to update their iPhones. This has led to the best quarter ever for Apple(AAPL). Apple is projecting a blockbuster holiday season.
- Based on The Arora Report proprietary sentiment analysis, after staying in the extreme positive zone for a long time, yesterday the sentiment moved down to the very positive zone. The trigger was earnings from Meta (META) and Microsoft (MSFT). Earnings from Amazon and AAPL have triggered a move in sentiment back to the extreme positive zone this morning.
- Barring any unexpected news, there is a very high probability of sentiment moving higher in the extreme positive zone. If such a move occurs in sentiment, it has the potential to cause a melt up in the stock market.
- 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.
Venezuela
The probability is increasing that the U.S. may directly attack military installations inside Venezuela. Venezuela is a major oil producer. If such an attack occurs and the stock market dips, the dip will likely be a buying opportunity. The reason is that a potential regime change in Venezuela will be a long term positive for the U.S. stock market.
China
Prudent investors should note that exporters in China are speculating the U.S. China trade truce will not last. The belief in China is that China got the upper hand over the U.S. in the agreement.
Even though the stock market is celebrating the truce with China, prudent investors should be aware that long term risks with China remain.
Magnificent Seven Money Flows
Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above.
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 *** (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 *** 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 range bound.
Markets
Interest rates and bonds are range bound.
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 6904 as of this writing. S&P 500 futures resistance levels are 7000 and 7200 : support levels are 6780, 6500, and 6256.
DJIA futures are up 40 points.
Gold futures are at $4043, silver futures are at $48.67, and oil futures are at $60.80.
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.
A MUST SEE CHART FOR THOSE IN THE AI TRADE, TRUMP XI MEETING ‘AMAZING’
Oct 30, 2025
To gain an edge, this is what you need to know today.
AI Trade Inflection Point
Please click here for a chart of Meta stock (META).
Note the following:
- The Morning Capsule is about the big picture, not an individual stock. The chart of META stock is being used to illustrate the point.
- The chart shows the drop in META stock on earnings.
- The Arora Report’s proprietary VUD indicator is the most sensitive measure of net supply and demand in real-time. The orange represents net supply and the green represents net demand. The chart shows the VUD indicator is orange, indicating net supply.
- Here are the key points from Meta’s earnings:
- Earnings ex-charge came at $7.25 vs. $6.72 consensus.
- Revenue came at $51.2B vs. $49.5B consensus.
- Operating margin came at 40% vs. 43% last year.
- R&D expenses rose 28% on hiring for an AI research unit.
- Meta raised guidance on AI spending for the third time in 2025.
- In a financing deal with an alternative investment manager, Meta moved the debt for its Hyperion data center off of its balance sheet as well as the capex off the cash flow statement. Investors should note that unlike Amazon (AMZN), Alphabet (GOOG, GOOGL), and Microsoft (MSFT), Meta’s data centers are not directly revenue generating; Meta’s data centers are for its own use.
- Meta plans to offer more AI to its users through its apps.
- All of the foregoing is excellent. Why did META stock drop? In The Arora Report analysis, META stock dropped because the company said capital expenditure growth will be notably higher in FY2026. Since The Arora Report became one of the first ones to make a high conviction call that AI was real in 2022, this is the first time that a company’s stock is dropping on higher capital spend in spite of excellent earnings to the extent shown above. To date, the trend has been the higher capital spend on AI, the higher the stock. META stock shows the trend has changed. When a trend changes, investors need to pay attention. Having said that, this is only one data point. The Arora Report will help you watch more data points and reach the right conclusions.
- President Trump called his meeting with China’s President Xi ‘amazing.’ President Trump has cut tariffs on China. So far, details are absent. The lack of details is bringing in skepticism in a stock market that is priced for perfection.
- Yesterday’s chart in the Morning Capsule showed a move up in Nvidia stock on President Trump saying he would discuss Blackwell with President Xi. For the sake of full transparency, the chart is unchanged from yesterday.
- It turns out that President Trump discussed Nvidia products with President Xi, but not Blackwell.
- Investors should carefully watch how NVDA stock performs as the day progresses.
- Mag7 earnings continue today with Amazon (AMZN) and Apple (AAPL) reporting after the close.
- As we shared with you in the Afternoon Capsule, momo gurus have been wrong about what Fed Chair Powell could say. Momo gurus being wrong is nothing new. Momo gurus have become experts at coming up with new narratives to persuade the momo crowd to buy stocks. What is unusual is that so far, momo gurus have not come up with a new narrative after Fed Chair Powell’s press conference yesterday. This is bringing selling into the stock market in the early trade as the momo crowd needs a constant impetus to continue buying stocks.
- 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
Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above.
In the early trade, money flows are positive in Apple (AAPL) and Alphabet (GOOG).
In the early trade, money flows are negative in Amazon (AMZN), Meta (META), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA).
In the early trade, money flows are negative 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 *** 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.
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 6896 as of this writing. S&P 500 futures resistance levels are 7000 and 7200 : support levels are 6780, 6500, and 6256.
DJIA futures are down 197 points.
Gold futures are at $3973, silver futures are at $47.57, and oil futures are at $59.98.
NVIDIA SHOCKS STOCK MARKET AND SHARES SOAR AS TRUMP FUELS HOPES OF CHINA BLACKWELL SALES, BUYING AHEAD OF FED
Oct 29, 2025
To gain an edge, this is what you need to know today.
Two Nvidia Shockers
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 a big move up yesterday on a revenue shocker and flurry of deals from Nvidia.
- The chart shows another up move in NVDA stock driven by President Trump.
- Yesterday, revenue projections from Nvidia were a shocker. Here are the key points:
- Nvidia has visibility into more than $0.5T in cumulative Blackwell and Rubin revenue through CY2026.
- The foregoing revenue visibility is more than five times Hopper’s lifetime revenue.
- These projections are significantly higher than not only the current consensus but also higher than the most optimistic estimates prior to yesterday.
- Nvidia CEO Jensen Huang spoke at the GTC DC conference yesterday, stunning the market with a flurry of partnership announcements including with:
- Eli Lilly (LLY)
- Palantir (PLTR)
- Hyundai (HYMLF)
- Samsung (SSNLF)
- Uber (UBER)
- Nvidia also announced a $1B investment in Nokia. This is not good news for networking equipment providers Ciena (CIEN) and Arista Networks (ANET). A signal was given in ZYX Short to short sell CIEN.
- Nvidia announced NVQLINK – this is Nvidia’s system to connect quantum computers with Nvidia based AI super computers. The technology is designed for hybrid quantum-classical computing. Quantum computing stocks such as IonQ (IONQ), Rigetti (RGTI), D-Wave Quantum (QBTS), and Quantum Computing (QUBT) staged a vicious technical reversal on the announcement even though some of these companies are part of Nvidia’s initiative. The drop was triggered by fears of more competition.
- Nvidia is long in the ZYX Buy Core Model Portfolio from $12.55. NVDA is trading at $207.62 as of this writing in the premarket, representing a gain of 1554%.
- As you may recall, The Arora Report was one of the first in 2022 to make a high conviction call that AI was real. As is often the case, members of The Arora Report have also been ahead of the curve in terms of the target on NVDA stock. The Arora Report was the first with a high target for NVDA stock. Now, other analysts are playing catch up.
- In The Arora Report analysis, if the trend continues, Nvidia’s market cap could reach $5T.
- A signal for a new trade around position in NVDA stock will be in ZYX Buy. A trade around position is a technique used by hedge funds and billionaires that can dramatically increase returns and reduce risks.
- Previously, the U.S. administration has not allowed Nvidia to export even chips with lesser capability than Blackwell to China on national security grounds. China wants to replace the U.S. as the world’s superpower. To a large degree, if China will succeed depends upon which country wins the artificial intelligence race. Blackwell is the most powerful Nvidia chip, and it will help China compete with the U.S. on AI. In a shocker, President Trump said he will talk to China’s President Xi about Blackwell chips.
- As we have been sharing with you all along, the momo crowd’s pattern is to buy ahead of the Fed decision. True to its pattern, the momo crowd aggressively bought stocks yesterday and is buying stocks in the early trade today.
- The FOMC will announce its interest rate decision today at 2pm ET and will be followed by Fed Chair Powell’s press conference at 2:30pm ET.
- Today is the busiest day for earnings. Companies with a total market cap of $11T are reporting earnings today. Most notable are earnings from Microsoft (MSFT), Meta (META), and Alphabet (GOOG, GOOGL), which will be reported after the regular session close.
- There is a lot of optimism about the meeting between President Trump and President Xi tomorrow. President Trump is floating the idea of cutting China tariffs. China purchased the first shipments of U.S. soybeans.
- 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
Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above.
In the early trade, money flows are positive in Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), and Tesla (TSLA).
In the early trade, money flows are neutral in Apple (AAPL), Alphabet (GOOG), and Meta (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 *** 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’s pattern is to buy gold ahead of the Fed rate announcement.
True to its pattern, 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 and bonds are range bound.
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 6941 as of this writing. S&P 500 futures resistance levels are 7000 and 7200 : support levels are 6780, 6500, and 6256.
DJIA futures are up 90 points.
Gold futures are at $4039, silver futures are at $48.38, and oil futures are at $60.17.
BIG U.S. NUCLEAR POWER DEAL, TECH CAPITAL WINS OVER HUMAN CAPITAL, POSITIVE ADP DATA
Oct 28, 2025
To gain an edge, this is what you need to know today.
Big Nuclear Deal
Please click here for a chart of Cameco stock (CCJ).
Note the following:
- A nuclear renaissance is happening.
- The Morning Capsule is about the big picture, not an individual stock. The chart of CCJ stock is being used to illustrate the point.
- The chart shows the jump up in CCJ stock on the news of a big U.S. nuclear power deal.
- Cameco is a Canadian uranium miner that owns part of Westinghouse along with Brookfield Renewable Partners (BEP).
- Westinghouse is one of two major manufacturers of conventional nuclear reactors in the U.S. The second major manufacturer is GE Vernova (GEV).
- The U.S. government has entered into a strategic partnership to deploy $80B of nuclear reactors in the U.S. using Westinghouse nuclear technology.
- NextEra Energy (NEE) has announced that it plans to restart the Duane Arnold Energy Center nuclear plant in Iowa. Google (GOOG, GOOGL) will be the purchaser of electricity generated by the plant.
- Brookfield Asset Management (BAM) has won the bid from Santee Cooper to finish two partially built nuclear reactors in South Carolina.
- BWX Technologies (BWXT) has announced a new nuclear steam generator contract with Rolls-Royce (RYCEY) to support smart modular reactors.
- We have been sharing with you that massive layoffs due to AI are coming. Amazon (AMZN) has opened the flood gates with a plan to cut up to 30K jobs, about 10% of its white collar workers. There are other factors, but this is primarily the result of aggressively rolling out AI. Now that Amazon has opened the flood gates, expect more companies to announce layoffs.
- Here is a question most investors have not asked as the stock market runs to new highs: What are the massive layoffs going to do to the U.S. economy? The U.S. economy is 70% consumer based. If people do not have jobs, they are not going to be buying houses, appliances, and cars or going out to restaurants. What will be the impact on earnings?
- As the stock market hits new highs, the U.S. national debt has crossed $38T.
- In the absence of data from the U.S. government, ADP has announced plans to release an employment report weekly. In the four weeks ending Oct. 11, 2025, there was an average increase of 14,250 jobs. This data runs counter to the prevailing wisdom. Will the data impact the Fed’s anticipated interest rate cut tomorrow? The answer is no because the Fed seems to have already decided to cut interest rates due to pressure from President Trump. The Fed is in the mode of making a decision first and then selecting data to support it.
- The FOMC meeting starts today. The Fed will announce its rate decision tomorrow at 2pm ET followed by a press conference by Fed Chair Powell at 2:30pm ET.
- Consumer confidence data is scheduled to be released at 10am ET and may be market moving.
- Five of the Magnificent Seven stocks will report earnings this week.
- Microsoft (MSFT) stock is jumping as it reaches a deal to hold about 27%, about $135B, of OpenAI, the maker of ChatGPT.
- 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
Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above.
In the early trade, money flows are positive in Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA).
In the early trade, money flows are neutral in Amazon (AMZN) and Meta (META).
In the early trade, money flows are negative in Apple (AAPL) and 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. 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 and bonds are range bound.
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 6916 as of this writing. S&P 500 futures resistance levels are 7000 and 7200 : support levels are 6780, 6500, and 6256.
DJIA futures are up 248 points.
Gold futures are at $3934, silver futures are at $46.62, and oil futures are at $60.50.
BUYING ON CHINA EXUBERANCE BUT OVERSEAS MARKETS HAVE DONE BETTER THAN U.S. STOCK MARKET
Oct 27, 2025
To gain an edge, this is what you need to know today.
Overseas Markets Outperforming
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX) compared to South Korea ETF (EWY), Vietnam ETF (VNM), Mexico ETF (EWW), Hong Kong ETF (FXI), and Taiwan ETF (EWT).
Note the following:
- The chart shows SPY has produced 16.06% gain year to date, but overseas markets have done significantly better.
- South Korea ETF (EWY) has produced 79.82% gain year to date.
- Vietnam ETF (VNM) has produced 57.73% gain year to date.
- Mexico ETF (EWW) has produced 40.01% gain year to date.
- Hong Kong ETF (FXI) has produced 32.99% gain year to date.
- Taiwan ETF (EWT) has produced 27.92% gain year to date.
- The chart shows the Arora buy signal on Korea, Vietnam, Taiwan, and Mexico near the April lows. The signal was given in ZYX Emerging.
- The chart illustrates the merit of looking beyond the U.S. borders and diversifying overseas. In The Arora Report analysis, this is more important than ever due to continuing attempts by the U.S. government to debase the dollar and use financial repression to keep the economy going.
- Investors need to remember the only free lunch in investing is proper diversification. One of the big edges The Arora Report has provided its members over the years is its unique diversification approach. The Arora Report method consists of an optimized, synergistic combination of the following:
- Diversification by strategies
- Diversification by timeframes
- Diversification by asset classes
- Diversification by sectors
- Diversification by geography
- This morning there is aggressive buying in the stock market on euphoria that is breaking out as the U.S. and China have agreed on a framework for the trade deal.
- President Trump and President Xi are meeting in South Korea on Thursday to finalize the deal.
- President Trump has signed trade deals with Thailand and Malaysia that include rare earth minerals. There is also speculation that after the trade deal is signed with China, China will start dumping rare earth minerals again. This is bringing in selling in rare earth stocks such as MP Materials (MP), USA Rare Earth (USAR), Critical Metals (CRML), American Resources (AREC), and Energy Fuels (UUUU).
- 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.
Argentina
Trump ally Javier Milei won a decisive victory in the election. In the days leading up to the election, President Trump supported Milei’s government with a $20B currency swap and a promise of another $20B from sovereign wealth funds and banks. President Trump was explicit that U.S. support was contingent upon Milei winning the election.
Milei’s election win is cementing the tilt in many parts of the world to the right. Milei describes himself as an anarcho-capitalist.
On the international stage, the result of the election in Argentina is being seen as another big win for President Trump.
Stocks in Argentina are rocketing. There will be a signal on Argentina ETF (ARGT) in ZYX Emerging.
Magnificent Seven Money Flows
Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above.
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. 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
Gold is seeing selling on the U.S. China trade deal.
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 seeing buying on euphoria over the U.S. China deal.
Markets
Interest rates are ticking up, and bonds are ticking down.
The dollar is weaker.
Trading futures is not recommended for most investors. The purpose of providing this information is to give an indication of the premarket activity that usually guides the activity when the market opens.
S&P 500 futures are trading at 6882 as of this writing. S&P 500 futures resistance levels are 7000 and 7200 : support levels are 6780, 6500, and 6256.
DJIA futures are up 233 points.
Gold futures are at $4056, silver futures are at $47.56, and oil futures are at $61.53.
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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.

