(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
HAPPY NEW YEAR, 2016 SHAPING UP TO BE MADE FOR STOCK PICKERS AND ASSET ALLOCATORS
This is what you need to know today.
Happy New Year to 1000’s of our subscribers across the globe. It is time to say thank you for your intelligent comments throughout 2015.
2015 will end as another banner year for The Arora Report in terms of unrivaled risk adjusted performance.
2016 is likely to have the following characteristics:
- Slowing global growth
- Decelerating earnings
- Currency turmoil
- Less potent central banks
Assuming the foregoing scenario holds true, 2016 will be a year tailor made for stock pickers and asset allocators with heavy emphasis on lower risk. This is good news for The Arora Report subscribers as lower risk, stock picking and asset allocation are our wheelhouse.
Oil is falling taking stocks down with it.
More predictions of cold weather are killing budding natural gas rally.
Slightly stronger dollar is putting pressure on gold, silver and copper.
Bonds are ticking up in year end window dressing.
Our very, very short-term early stock market indicator is negative.
What To Do Now?
It is important for investors to look ahead and not in the rear view mirror.
Consider only adding new positions per new posts since October 1st.
Consider continuing to hold existing positions. Based on individual risk preference, continue to hold 30-50% cash or hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.
Gold futures are at $1060, silver futures are at $13.80, and oil futures are $36.40.
S&P 500 resistance levels are 2063, 2100, and 2111; support levels are 2038, 2017, and 2000.
DJIA futures are down 64 points.
Individual Trades
Please click on Home on the left side of the Menu. Scroll down on the Home Page for individual trades.
Click on the Search by Symbol/Tag on the right hand side and click on the symbols of interest.
OIL DROPS ON API DATA; GOLD, SILVER AND STOCKS FOLLOW
This is what you need to know today.
Oil dropped on API inventory data. Stocks, gold and silver are following oil.
Yesterday’s market rally was driven by window dressing by money managers. It is not clear if the money managers are done for the year but the most likely scenario is that the window dressing rally is nearly over.
DOE will release oil inventory data at 10:30 am ET. This data will be a market mover not only for oil but also for gold, silver, stocks and bonds.
Dollar is range bound.
Our very, very short-term early stock market indicator is negative.
What To Do Now?
It is important for investors to look ahead and not in the rear view mirror.
Consider only adding new positions per new posts since October 1st.
Consider continuing to hold existing positions. Based on individual risk preference, continue to hold 30-50% cash or hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.
Gold futures are at $1061, silver futures are at $13.84, and oil futures are $36.94.
S&P 500 resistance levels are 2100, 2111, and 2132; support levels are 2063, 2038, and 2017.
DJIA futures are down 41 points.
Individual Trades
Please click on Home on the left side of the Menu. Scroll down on the Home Page for individual trades.
Click on the Search by Symbol/Tag on the right hand side and click on the symbols of interest.
HOME PRICES RISE, MARKETS TO DRIFT UP IN THE ABSENSE OF SIGNIFICANT ECONOMIC DATA
This is what you need to know today.
Home Price Index rose 0.9% vs. 0.6% consensus month over month.
In the absence of any significant economic data, most markets are likely to drift up.
Oil is rebounding with extensive short covering. The same is true for gold, silver, copper, interest rates and dollar.
A massive short squeeze in natural gas is in progress on the forecast of colder weather.
Our very, very short-term early stock market indicator is positive.
What To Do Now?
It is important for investors to look ahead and not in the rear view mirror.
Consider only adding new positions per new posts since October 1st.
Consider continuing to hold existing positions. Based on individual risk preference, continue to hold 30-50% cash or hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.
Gold futures are at $1071, silver futures are at $14.01, and oil futures are $37.52.
S&P 500 resistance levels are 2100, 2111, and 2132; support levels are 2038, 2017, and 2000.
DJIA futures are up 127 points.
Individual Trades
Please click on Home on the left side of the Menu. Scroll down on the Home Page for individual trades.
Click on the Search by Symbol/Tag on the right hand side and click on the symbols of interest.
SAUDI AND CHINA RUIN THE BUDDING SANTA CLAUSE RALLY
This is what you need to know today.
At least for this morning, data from China and Saudi Arabia are likely to ruin the budding Santa Clause rally.
Saudi unveiled its 2016 budget. The budget shows spending of $224 billion and spending of $137 billion. This means a deficit of $87 billion.
The interpretation of the foregoing is that Saudi’s expect oil prices to stay low in 2016. This has hit Brent crude hard. Lately there has been a strong correlation between oil prices and the U. S. stock market.
Market in Shanghai fell 2.6% on the news that industrial profits fell.
WTI oil fell below $36 before bouncing.
Gold and silver are on the weak side.
Interest rates are falling.
Bonds are rising
Our very, very short-term early stock market indicator is negative.
What To Do Now?
It is important for investors to look ahead and not in the rear view mirror.
Consider only adding new positions per new posts since October 1st.
Consider continuing to hold existing positions. Based on individual risk preference, continue to hold 30-50% cash or hedges.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.
Gold futures are at $1070, silver futures are at $14.05, and oil futures are $37.08.
S&P 500 resistance levels are 2063, 2100, and 2111; support levels are 2038, 2017, and 2000.
DJIA futures are down 75 points.
Individual Trades
Please click on Home on the left side of the Menu. Scroll down on the Home Page for individual trades.
Click on the Search by Symbol/Tag on the right hand side and click on the symbols of interest.
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