WEEKLY MARKET DIGEST: CHINESE SELL GOLD AGAIN, SILVER FINALLY CRACKS, AUSSIE DOLLAR AND COPPER AT SIX YEAR LOW $AAPL $MSFT $WMT $AMZN $UTX $GLD $SLV $USO $TBT

 WEEKLY MARKET DIGEST: CHINESE SELL GOLD AGAIN, SILVER FINALLY CRACKS, AUSSIE DOLLAR AND COPPER AT SIX YEAR LOW  $AAPL $MSFT $WMT $AMZN $UTX $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) 

CHINESE SELL GOLD AGAIN, SILVER FINALLY CRACKS, AUSSIE DOLLAR AND COPPER AT SIX YEAR LOW

Last night Chinese sold gold aggressively.

Relative to its beta, silver has been holding remarkably well but Chinese finally cracked it lower with their selling.

The preliminary China Caixin PMI fell to 48.2 vs. consensus of 49.7.  This was a big surprise to the market.  Australian economy relies on exports to China.  China is a big user of copper.  Australian dollar dropped as low as $0.7292, a six year low.  Copper also fell as low as $2.35, also a six year low.

The U. S. stock market is celebrating Amazon (AMZN) becoming bigger than Wal-Mart (WMT) in terms of market capitalization after AMZN reported a surprise profit.

Oil hit $48.25 yesterday afternoon.  Since then it is experiencing mini short squeezes.

Interest rates continue to fall.

Our very, very short-term early stock market indicator is neutral but can quickly swing to either side.

Gold futures are at $1081, silver futures are at $14.43, and oil futures are $48.75.

S&P 500 resistance levels are 2111, 2132, and 2150; support levels are 2063, 2038, and 2017.

DJIA futures are down 27 points.

BUSIEST EARNINGS DAY

Today is the busiest day of the earnings season.  For a change, earnings reported after the close yesterday and so far this morning are better than expected.

Initial Unemployment Claims came at 255K vs. 279K consensus, employment picture continues to get better.  This is a leading indicator with heavy weight in our models.

Gold bulls try to rally gold hard and were helped with the pullback in the dollar.  However, so far, the rally appears to be failing.

Oil has decisively broken the major support at $50.

Interest rates are hanging near lows.

Our very, very short-term early stock market indicator neutral.

Gold futures are at $1094, silver futures are at $14.74, and oil futures are $49.33.

S&P 500 resistance levels are 2132, 2150, and 2200; support levels are 2063, 2038, and 2017.

DJIA futures are down 13 points.

MORE EARNINGS DISAPPOINTMENTS, SELLING IN GOLD CONTINUES

Investors have been running up stocks in anticipation of good earnings.  However the reality so far, with the exception of bank stocks, has been different.  Two notable worse than expected earnings are from Apple (AAPL) and Microsoft (MSFT).

Selling in gold continues.  Just before 8:00 am ET gold fell to $1086 before recovering.

Interest rates are falling again.

Oil is range bound.

Our very, very short-term early stock market indicator is negative.

Gold futures are at $1090, silver futures are at $14.71, and oil futures are $50.20.

S&P 500 resistance levels are 2111, 2132, and 2150; support levels are 2063, 2038, and 2017.

DJIA futures are down 65 points.

EARNINGS IN FULL SWING

This week is the busiest earnings week of the season.  In aggregate, so far, earnings are below expectations.  Market is anxiously waiting Apple earnings after the close.  The big disappointment this morning has been United Technologies  (UTX) earnings, a DJIA component; apparently China is buying less elevators.

Gold is trying to stabilize after yesterday’s mini crash.

Interest rates are ticking up.

Oil is range bound.

Our very, very short-term early stock market indicator is negative.

Gold futures are at $1102, silver futures are at $14.74, and oil futures are $50.62.

S&P 500 resistance levels are 2132, 2150, and 2200; support levels are 2111, 2100, and 2063.

DJIA futures are down 57 points.

MINI GOLD CRASH, MOMENTUM IN STOCKS CONTINUES

Last night, in a matter of seconds, gold fell to $1087.  It has made a partial recovery since then. This highlights the lack of liquidity in the gold market.

Positive momentum in stocks continues from last week.

Interest rates are hanging near their lows.

Oil is range bound.

Our very, very short-term early stock market indicator is positive but can reverse quickly as the market is very overbought.

Gold futures are at $1108, silver futures are at $14.71, and oil futures are $50.86.

S&P 500 resistance levels are 2132, 2150, and 2200; support levels are 2100, 2063, and 2038.

DJIA futures are up 38 points.

You are receiving less than 2% of the content from our paid services …TO RECEIVE REMAINING 98%, TAKE A FREE TRIAL TO PAID SERVICES.

Please click here to take advantage of a FREE  30 day trial.

Check out our enviable performance in both bull and bear markets.

FREE: SUBSCRIBE TO ‘GENERATE WEALTH’ NEWSLETTER

Related Posts

WEEKLY MARKET DIGEST: MOMO CROWD BUYING STOCKS BUT SMART MONEY CAUTIOUS, GOLD BUYING ON MORE DEFICIT $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

INVESTOR MONEY FLOWS REVEAL A TELLTALE SHIFT IN THE STOCK MARKET $SPY $FB $AAPL $AMZN $NFLX $GOOG $AMD $GLD $DUST $NUGT

Astute investors want an edge in the financial markets. Money flows, among other metrics, provide an edge. And now the ...

THE $1.5 TRILLION PROBLEM IS MAKING THE U.S. STOCK MARKET JITTERY $SPY $NQ_F $NVDA $AAPL $GOOG $QQQ $IWM $DIA

The stock market is becoming jittery. The reason is the so-called $1.5 trillion problem. The “smart money” (professional investors) has known ...

WEEKLY MARKET DIGEST: THE $1.5 TRILLION PROBLEM CAUSES JITTERS IN STOCKS, GOLD AND OIL SUPPORTED $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

THE REAL INSIGHT YOU NEED TO KNOW ABOUT THE MARKET DIP $NVDA $SPY $AAPL $AMZN $NFLX $FB $TSLA $GOOG $QQQ $IWM

The smart money is getting jittery, which warrants protective measures. The stock market is complex, but there is one aspect that ...

THE MOST IMPORTANT NEW THING ABOUT APPLE IS NOT THE IPHONE X $AAPL $GOOG $FB $AMZN $NFLX $AMD $BABA $MSFT $NVDA $TSLA

Apple’s new iPhone X is a home run, but everybody already knows that. So that doesn’t provide investors an edge. Savvy ...

WEEKLY MARKET DIGEST: AGGRESIVE BUYING IN STOCKS AND OIL, TAX REFORM, FED CHAIR $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

AFTER DOUBLING MONEY IN THIS FAMOUS BIOTECH RELATED TO APPLE, WHAT IS NEXT? $AAAP $AAPL $NEOS $NVS $PDLI $GILD $JUNO $ZIOP $BLCM $BLUE

Not long ago, French pharmaceutical company Advanced Accelerator Applications got a lot of publicity. Now it’s getting bought out. The late ...

HERE’S A LOWER-RISK STRATEGY FOR AN EXPENSIVE STOCK MARKET $INTC $GOOG $GOOGL $AMZN $MU $AMD $NVDA $AAPL $FB $NFLX $STM

Most would agree that the U.S. stock market is expensive and is being driven by the momo crowd. The momo, ...

WEEKLY MARKET DIGEST: GROWTH ABOVE FORECAST, DOLLAR HURTS GOLD, BLOWOUT TECH EARNINGS $DIA $GLD $QQQ $SLV $SPY $TBF $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

WHICH STOCK IS A BETTER BUY — GOOGLE OR AMAZON? $GOOG $AMZN $AAPL $AMD $BABA $FB $MSFT $NFLX $NVDA $GOOGL

Alphabet, aka Google, and Amazon each reported blowout earnings after the stock market closed Thursday. Here’s the question I’m being asked ...

HOW TO INVEST IN ARTIFICIAL INTELLIGENCE WITHOUT GETTING BURNED $AMAT $NVDA $AMD $AMZN $FB $MSFT $GOOG $AAPL $NFLX $IZEA

  Artificial intelligence is the next frontier, and investors want to get in on the ground floor. No wonder I get ...

WAIT FOR AT LEAST ONE OF THREE THINGS BEFORE BUYING POPULAR TECH STOCKS $FB $AAPL $AMZN $NFLX $GOOG $AMD $MSFT $NVDA $TSLA $BABA

Many prudent investors are asking: “Who is buying popular tech stocks at such high prices?” The answer to the question will ...

WEEKLY MARKET DIGEST: MOMO BUYING AS TAX REFORM TAKES STEP FORWARD, SAFE HAVENS SOLD, JAPANESE ELECTION $DIA $GLD $QQQ $SLV $SPY $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

SIX DIFFERENCES IN THE STOCK MARKET BETWEEN TODAY AND 1987 $AAPL $AMZN $FB $GOOG $NFLX $NVDA $SPY $TSLA

Ever since I wrote “Six similarities between now and 1987, when the Dow plummeted 23% in one day,” I have ...

WEEKLY MARKET DIGEST: LOWER CPI FIRES UP STOCK, GOLD AND BOND BULLS; OIL GLUT TO END $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

FAANG STEPCHILD BREAKING OUT $GOOG $AMZN $AAPL $FB $NFLX $AMD $BABA $MSFT $NVDA $TSLA

FAANG stocks are investor darlings. Four of them are considered sexy — they have cool products, brainiac CEOs or California-style ...

THIS DOW COMPANY IS READY TO GO ALL-IN AGAINST AMAZON $WMT $AMZN $TGT $BBY $KR $M

Research at The Arora Report has shown that in the long run, investors can generate higher risk-adjusted returns by diversifying ...

MONEY MANAGERS ARE BEING FORCED TO BUY STOCKS, KEEPING THE RALLY ALIVE $FB $AMZN $AAPL $NFLX $GOOG $BAC $JPM $TSLA $MU $C $WFC $SPY $QQQ $IWM $DAL

The Arora Report’s forecast at the end of September that the stock market would rise at the beginning of October ...

WEEKLY MARKET DIGEST: SHOCKING HEADLINE NUMBER BUT ANOTHER SHOCKER INSIDE THE MOTHER OF ALL REPORTS $DIA $GLD $QQQ $SLV $SPY $TBF $TBT $USO

Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights ...

Follow

Get every new post delivered to your Inbox

Join other followers