WEEKLY MARKET DIGEST: NASDAQ HIGH, QUADRUPLE WITCHING, PAIN IN SHANGHAI AND ATHENS, AND GOLD BUGS ENCOURAGED $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT

WEEKLY MARKET DIGEST: NASDAQ HIGH, QUADRUPLE WITCHING, PAIN IN SHANGHAI AND ATHENS, AND GOLD BUGS ENCOURAGED $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. ) 

NASDAQ HIGH, QUADRUPLE WITCHING, PAIN IN SHANGHAI AND ATHENS, AND GOLD BUGS ENCOURAGED

Yesterday NASDAQ hit a record intraday high surpassing the record from 15 years ago.

Today is quadruple witching.  Stock index futures, stock index options, stock options, and single stock futures expire today.  Expect volatility.

Part of this week’s up-move is attributable to buy side bias in quadruple witching.  It is not uncommon for such gains to reverse on the following Monday.

There is pain in Athens.  Greeks withdrew more than one billion euros out from the banks in a single day.  Greek PM, Tsipras, is in Moscow seeking Russian help.  His tactic may prove effective.  The West  does not want Greece to fall under Russian influence.  Imagine a Russian naval base on a Greek island!

The U. S. appears to be pushing Europeans to provide more concessions to Greece for geopolitical reasons.

There is also pain in Shanghai.  Shanghai Composite fell more than 6% overnight.  Shanghai stocks have experienced the worst week since 2008.

Gold bugs are encouraged that the Fed will not raise interest rates until September.

Smart Money is selling oil.  However oil has had a tendency to rocket up into Friday’s pit close on short covering.

Interest rates are rising slightly as bond shorts cover to realize profits before the weekend.

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

Gold futures are at $1202, silver futures are at $16.15, and oil futures are $59.62.

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

DJIA futures are down 22 points.

TRADERS SLAP THE U. S. DOLLAR AS THE FED UPGRADES THE U. S. ECONOMY BUT STAYS DOVISH

The Fed upgraded the U. S. economy.  The Fed thinks the U. S. economy is strong enough to withstand not one but two interest rate hikes.

Overall the Fed statement was very dovish leading to traders aggressively selling the U. S. dollar.

The falling dollar is leading to higher commodities including gold, silver, and oil.

Interest rates are range bound.

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

Gold futures are at $1200, silver futures are at $16.33, and oil futures are $60.40.

S&P 500 resistance levels are 2100, 2111, and 2132; support levels are 2063, 2038, and 2017.

DJIA futures are up 71 points.

HIGH WIRE FED ACT, GREEK CENTRAL BANK WARNS

The Fed is facing a high wire act in view of conflicting data.  The economy in the U. S. is getting stronger but the international economy is getting weaker.  There are also significant concerns over Greece. The Fed will announce its policy statement at 2:00 pm ET followed by a press conference at 2:30.

Greek central bank is warning that a default and euro exit will be painful.

Gold, silver and interest rates are range bound.

The momo crowd is aggressively buying oil, Smart Money is inactive in oil.

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

Gold futures are at $1177, silver futures are at $15.96, and oil futures are $61.05.

S&P 500 resistance levels are 2100, 2111, and 2132; support levels are 2063, 2038, and 2017.

DJIA futures are up 37 points.

GLIMMER OF HOPE ON GREECE, THE FED DAY AHEAD

Tsipras speaking in front of Greek lawmakers showed no sign of backing down and accused its creditors of using tactics akin to financial asphyxiation. However the markets latched on to a very small part of his speech that was conciliatory.

Under consideration is a Eurozone summit if ministers fail to reach a resolution on Thursday.

Tomorrow is the Fed day.  Expect a lot of position squaring.  Machines will take over and exaggerate the move in which ever direction position squaring takes it

Gold and silver are reacting negatively to Tsipras.

Oil is trying to rally.

Interest rates are range bound.

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

Gold futures are at $1182, silver futures are at $15.95, and oil futures are $59.76.

S&P 500 resistance levels are 2063, 2038, and 2017; support levels are 2100, 2111, and 2132.

DJIA futures are down 23 points.

IN GREEK TALKS BOTH SIDES DRAW RED LINES

In Greek talks both sides have drawn red lines.  the problem is that the two red lines are far apart.  Thursday will be a crucial day on Greece.

Industrial Production in the U. S. came at -0.2 vs. +0.2% consensus.

The momo crowd is aggressively buying gold and silver on the news.

Oil and interest rates are range bound.

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

Gold futures are at $1181, silver futures are at $15.96, and oil futures are $59.03.

S&P 500 resistance levels are 2063, 2038, and 2017; support levels are 2100, 2111, and 2132.

DJIA futures are down 140 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

TRUMP ASSURES APPLE BUT MONEY FLOWS IN 11 POPULAR TECH STOCKS FLIP $AMD $AAPL $AMZN $FB $INTC $NFLX $NVDA $GOOG $MSFT $TSLA $BABA

Money flows give an edge to those who want to beat the market and lower their risk. There’s a big ...

WEEKLY MARKET DIGEST: OPPORTUNITIES AND PERILS FROM TRADE WAR AND HAWKISH FED $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 ...

INVESTORS HAVE TO BE STUPID TO IGNORE FED’S HISTORY OF CAUSING PAIN $AMD $AMZN $FB $TSLA $SPY $QQQ

Investors would have to be stupid to ignore the Federal Reserve’s history of causing pain. But that is exactly what momentum ...

WEEKLY MARKET DIGEST: GOOD MOVE IN STOCKS BUT THE RISK IS RISING $DIA $GLD $QQQ $SLV $SPY $TBT $USO $AMD

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

WHAT TRADE WAR? NASDAQ IS BREAKING OUT $QQQ $SPY $IWM $SPX $DIA

A key to success in investing is paying attention to logic and good opinions. But don’t forget price action. There’s a ...

WEEKLY MARKET DIGEST: WHAT DO BLOWOUT JOBS REPORT AND TRUMP FLIP ON TRADE MEAN FOR INVESTORS? $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 ...

WEEKLY MARKET DIGEST: REDUCING CASH AND HEDGES TO MAKE MORE INVESTMENTS $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 ...

WEEKLY MARKET DIGEST: INTEREST RATES JUMP HURTING STOCKS AND GOLD, OIL BULLISH $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 ...

THIS BREAKOUT SAYS THE BULL MARKET IS NOT ABOUT TO END $IWM $RUT $QQQ $SPX $SPY

This bull market in U.S. stocks is aging. How much more life is left in it? That is the key question. ...

WEEKLY MARKET DIGEST: INFLATION LESS THAN EXPECTED, TRUMP DRUG PLAN, REDUCING CASH $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 ...

BULLS BREAK THE DOWNTREND, BUT WILL IT LAST? $SPY $QQQ $IWM $DJIA

The bulls have, for now, broken the downtrend in the U.S. stock market. The Dow Jones Industrial Average on Friday ...

WEEKLY MARKET DIGEST: POSITIVE SENTIMENT ON BUYOUT DEALS AND APPLE $AAPL $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 ...

PAY ATTENTION TO THE DEVELOPING PATTERN IN THE MOST POPULAR MARKET TIMING INDICATOR $SPY $QQQ $IWM $DJIA

The most popular timing indicator in the U.S. stock market is the 200-day moving average. The indicator derives its power not ...

HOW INVESTORS COULD GET AHEAD OF TRUMP SCRAPPING THE IRAN NUCLEAR DEAL $HAL $XLE $OIH $RDSB $MRO $CLR $XOP $USO $GLD $GDX $SLV

Prudent investors get ahead of major events. One such event will be President Trump’s decision to either stay in the nuclear ...

WEEKLY MARKET DIGEST: BIG SELLERS IN TECH STOCKS, ARORA PORTFOLIOS CORRECTLY POSITIONED $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 ...

THE BEST STRATEGY FOR THE OMINOUS STOCK PATTERN THAT JUST OCCURRED $CAT $MMM $FB $AAPL $AMZN $FB $NFLX $GOOG $SPY $IWM $QQQ

Tuesday’s ‘outside day’ started with optimism and ended with pessimism. An ominous pattern has occurred in the U.S. stock market. Investors ...

WEEKLY MARKET DIGEST: GOOD OUTLOOK FROM BEIGE BOOK UNNERVES THE MOMO CROWD ON STOCKS $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 ...

INVESTORS SHOULDN’T GET AHEAD OF THEMSELVES ON GENERAL ELECTRIC $GE $SPY

There is a good reason not to pay attention to General Electric earnings and analysts who cover the company. Because if ...

HERE’S THE GOOD NEWS BEING SENT BY THE FEAR INDEX $VXX $VIX $SPY $FB $AMZN $MU $AAPL $NFLX $IWM $QQQ $GOOG

Wall Street’s fear index is based on expectations of market volatility. Professionals use and trade this volatility in a variety ...

DON’T PANIC OVER TRUMP’S MISSILE WARNING (BUT BE CONCERNED HE MIGHT FIRE MUELLER) $NFLX $FB $AMZN $MU $AAPL $GLD $GDX $SLV $GDXJ $SPY $QQQ $IWM

President Trump tweeted a warning to Russia about not shooting down U.S. missiles targeted at Syria. Chemical weapons were recently ...

Follow

Get every new post delivered to your Inbox

Join other followers