WEEKLY MARKET DIGEST: STRONG JOBS DATA, INSIDERS SELL MARIJUANA SHARES, BUYING IN GOLD ON DOVISH FED $DIA $GLD $QQQ $SLV $SPY $TBT $USO

WEEKLY MARKET DIGEST: STRONG JOBS DATA, INSIDERS SELL MARIJUANA SHARES, BUYING IN GOLD ON DOVISH 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 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 What To Do Now.

STRONG JOBS DATA, PROGRESS IN TRADE TALKS, INSIDERS SELL MARIJUANA SHARES

To gain an edge, this is what you need to know today.

Strong Jobs Data

Nonfarm Private Payrolls came 296K vs. 160K consensus.  This is a very strong number. However December was revised to 206K from 301K.  All in all, this is a wash.

This is known as the mother of all numbers because Wall Street and investors pay so much attention to it. However investors need to keep in mind that this is a lagging indicator.  Investors ought to be more focused on leading indictors. ZYX Allocation Model, that we use for timing, is focused on leading indicators.

Trade Progress

Both the U. S. and China indicate that progress has been made in trade talks.

Momo Crowd And Smart Money In Stocks

The momo crowd is buying stocks in the early trade.  Smart money is inactive.

Gold

The jobs number is negative for gold. However gold has only slightly pulled back as the momo crowd continues to buy gold.  The smart money is inactive.

Oil

The momo crowd continues to aggressively buy oil.  Smart money is inactive.

Marijuana

Two top Tilray (TLRY) executives are selling stock. CEO Brandan Kennedy sold 149,916 Tilray shares at $74.21 per share.   Chief Revenue Officer Pastorius sold 20,578 shares, also at $74.21.  Presumably, restricted stock units became vested and the stock was sold to pay taxes.

The momo crowd continues to buy cannabis stocks.  Buying is particularly aggressive in Aphria (APHA),  Cronos (CRON) and  HEXO.

Smart money is inactive.

Technical Patterns

Small cap stocks are tracing a head and shoulders bottom. This is bullish.  ETF of interest is IWM.

Chinese stocks are tracing a double bottom. This is bullish.  ETF of interest is ASHR.

This is powerful information and many investors use this to enter trades in addition to our official signals.  Here are the three most common uses: 1) Short-term trades in ETFs  2) Decisions to trim or add to long-term positions, and 3) New option trades. These should be used judiciously only in conjunction with macro, fundamental and quantitative indicators.  To learn more please click here.

Markets

Our very, very short-term early stock market indicator is neutral but can easily swing either way.

Interest rates are ticking up and bonds are ticking down.

Currencies are mixed.

Gold futures are at $1326, silver futures are at $16.03, and oil futures are $53.98.

S&P 500 resistance levels are 2740, 2765 and 2800; support levels are 2700, 2688 and 2661.

DJIA futures are up 71 points.

TRUMP TO MEET CHINA’S VICE PREMIER, BUYING IN GOLD ON DOVISH FED

To gain an edge, this is what you need to know today.

Trump To Meet China’s Vice Premier

President Trump will meet China’s Vice Premier Liu He at the end of two days of trade talks.

Markets will move first based on rumors and then on the concluding statement.

Expect both sides to keep the statement positive.

Momo Crowd And Smart Money In Stocks

The momo crowd is buying stocks in the early trade after buying them aggressively yesterday.  The smart money is inactive.

Gold

Gold is rocketing up on dovish Fed.  Gold loves when the Fed is dovish. The momo crowd is aggressively buying gold. Smart money is inactive.

Oil

EIA data was positive for oil causing a big move up. So far the move is sustained. The momo crowd is aggressively buying oil. Smart money is inactive.

Marijuana

The momo crowd is aggressively buying marijuana stocks. Several new short squeezes are starting. Smart money is inactive.

Technical Patterns

Oil is forming a head and shoulders bottom. This is bullish. ETF of interest is USO.

This is powerful information and many investors use this to enter trades in addition to our official signals.  Here are the three most common uses: 1) Short-term trades in ETFs  2) Decisions to trim or add to long-term positions, and 3) New option trades. These should be used judiciously only in conjunction with macro, fundamental and quantitative indicators.  To learn more please click here.

Markets

Our very, very short-term early stock market indicator is negative but it will move based on news related to trade talks.

After a big move yesterday on the Fed statement, interest rates, bonds and currencies are range bound.

Gold futures are at $1329, silver futures are at $16.14, and oil futures are $54.40.

S&P 500 resistance levels are 2688, 2700 and 2740; support levels are 2661, 2658 and 2631.

DJIA futures are down 93 points.

STRONG ADP JOBS DATA, EARNINGS FROM APPLE AND BOEING GENERATE OPTIMISM

To gain an edge, this is what you need to know today.

Strong ADP Data

ADP is the largest private payroll processor in the country.  ADP uses its data to give a picture of employment ahead of the official numbers from Department of Labor that will be released on Friday at 8:30 am ET.

ADP Employment Change came at 213K vs. 170K consensus.

Earnings

Apple (AAPL) reported earnings in line with the consensus but better than the whisper numbers.  Stocks move based on the difference between reported numbers and projections compared to the whisper numbers.  Going into the earnings, positioning of the Street was negative on Apple.  After earnings, short squeeze has added fuel to the fire.

Boeing (BA) is an important stock because of significant exports to China.  Boeing reported earnings better than the whisper numbers.

AMD (AMD) is a small stock but an important indication of sentiment.  Overall the company’s earnings and projections were worse than the consensus numbers but better than the whisper numbers.  The stock is moving up strongly adding to the positive sentiment. Short squeeze is also adding fuel to the fire.

Momo Crowd And Smart Money In Stocks

The momo crowd is aggressively buying stocks in the early trade.  Smart money is inactive.

Gold

Gold continues its move upwards.  The momo crowd is aggressively buying gold. Smart money is inactive.

Oil

API reported a crude inventory build of 2.098 million barrels vs. consensus of a build of 7.97 million barrels.  The smaller build is helping oil. Momo crowd is aggressively buying oil in the early trade.  Smart money is inactive.

Marijuana

Yesterday when marijuana stocks spiked higher in the morning, smart money selling increased to a moderate level from the light selling previously experienced.  The momo crowd was buying marijuana stocks in the morning but selling in the afternoon.

In the early trade, trading in marijuana stocks is listless.

Technical Patterns

None of note.

This is powerful information and many investors use this to enter trades in addition to our official signals.  Here are the three most common uses: 1) Short-term trades in ETFs  2) Decisions to trim or add to long-term positions, and 3) New option trades. These should be used judiciously only in conjunction with macro, fundamental and quantitative indicators.  To learn more please click here.

Markets

Our very, very short-term early stock market indicator is positive but can quickly turn.

Interest rates are ticking up and bonds are ticking down.

The dollar is weaker.

Gold futures are at $1316, silver futures are at $15.90, and oil futures are $53.75.

S&P 500 resistance levels are 2658, 2661 and 2688; support levels are 2631, 2615 and 2594.

DJIA futures are up 258 points.

FED MEETING, APPLE EARNINGS, GOLD OVER $1300

To gain an edge, this is what you need to know today.

Fed Meeting

FOMC meeting is starting today. The policy statement will released at 2:00 pm ET tomorrow followed by a press conference at 2:30.

The Fed is likely to keep interest rates unchanged.  However, there will be important indications of future policies. We will be closely analyzing to see if a change in the present portfolio is warranted.

Apple Earnings

Apple (AAPL) will release earnings after the close today.  Due to its large capitalization and business in China, Apple earnings have significant effect on the markets.

Momo Crowd And Smart Money In Stocks

The momo crowd is buying stocks in the early trade.  Smart money is inactive.

Gold

Gold is breaking out of the resistance at $1300.  The immediate trigger is a weaker dollar.

The momo crowd is aggressively buying gold.  Smart money is inactive.

Oil

Oil is gaining support from sanctions against Venezuela.

The momo crowd is aggressively buying oil.  Smart money is inactive.

Marijuana

The momo crowd is aggressively buying marijuana stocks.  Smart money is lightly and selectively selling into the strength.

Sentiment in some marijuana stocks is approaching extreme positive. If you have attended the seminar, you already know that as the sentiment moves further into the extreme positive zone, it is a negative.

Technical Patterns

Brazil is tracing a wedge. This is bearish. ETF of interest is EWZ.

This is powerful information and many investors use this to enter trades in addition to our official signals.  Here are the three most common uses: 1) Short-term trades in ETFs  2) Decisions to trim or add to long-term positions, and 3) New option trades. These should be used judiciously only in conjunction with macro, fundamental and quantitative indicators.  To learn more please click here.

Markets

Our very, very short-term early stock market indicator is neutral but can swing either way based on rumors and news.

Interest rates are ticking down and bonds are ticking up.

The dollar is weaker.

Gold futures are at $1307, silver futures are at $15.86, and oil futures are $52.50.

S&P 500 resistance levels are 2658, 2661 and 2688; support levels are 2631, 2615 and 2594.

DJIA futures are up 48 points.

POOR EARNINGS COUNTER THE POSITIVE SENTIMENT FROM LAST WEEK

To gain an edge, this is what you need to know today.

Poor Earnings

In China industrial companies are reporting poor earnings.

CAT, a major American exporter, just reported poor earnings due to slowing sales in China.

NVDA, the poster child of momo crowd excesses in 2018, just gave poor guidance.

As a full disclosure, ZYX Short earlier entered a short position on AMD as a sympathy play with NVDA.

Momo Crowd And Smart Money In Stocks

The momo crowd is acting like a yo-yo.   The smart money is inactive.

Gold

Gold is challenging resistance at $1300.   The momo crowd is buying gold.  Smart money is inactive.

Oil

Oil is seeing selling due to poor data from China.

The momo crowd is selling oil. Smart money is inactive.

Marijuana

Israel becomes the third country to allow exports of medical marijuana.  The other two countries that already allow export are Canada and the Netherlands.

The momo crowd is aggressively buying marijuana stocks.  Smart money is lightly selling marijuana stocks.

Technical Patterns

South Korean stocks are tracing a double bottom. This is positive.  ETF of interest is EWY.

This is powerful information and many investors use this to enter trades in addition to our official signals.  Here are the three most common uses: 1) Short-term trades in ETFs  2) Decisions to trim or add to long-term positions, and 3) New option trades. These should be used judiciously only in conjunction with macro, fundamental and quantitative indicators.  To learn more please click here.

Markets

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

Interest rates, bonds and currencies are range bound.

Gold futures are at $1299, silver futures are at $15.65, and oil futures are $52.21.

S&P 500 resistance levels are 2658, 2661 and 2688; support levels are 2631, 2615 and 2594.

DJIA futures are down 250 points.

WHAT TO DO NOW

Looking ahead and not only in the rear view mirror, consider continuing to hold existing core portfolio positions.  Based on individual risk preference, consider holding cash or treasury bills 19% – 31% and short to medium-term hedges of  5% – 15% and short term hedges of 5%.

 

A knowledgeable investor would have turned $100,000 into over $1,000,000 with the help from The Arora Report. NOW YOU TOO CAN ALSO SPECTACULARLY SUCCEED AT MEETING YOUR GOALS WITH THE HELP OF THE ARORA REPORT. You are receiving less than 2% of the content from our paid services. …TO RECEIVE REMAINING 98% INCLUDING MANY ATTRACTIVE INVESTMENT OPPORTUNITIES, 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.

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