WEEKLY STOCK MARKET DIGEST: AI FRENZY NOT ENOUGH TO PROP UP STOCK MARKET

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By Nigam Arora & Dr. Natasha 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.’

 

AMAZON TO MAKE ‘TENS OF BILLIONS’ FROM AI, CONSUMER BINGE CONTINUES, US ATTACKS TARGETS IN SYRIA


October 27, 2023

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

Power Of AI

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 when Amazon earnings were released.
  • The chart shows that the stock rallied on release of earnings.  Earnings were better than the consensus and whisper numbers.  A stock moves based on the difference between reported earnings and projections compared to the whisper numbers. Whisper numbers are the numbers that analysts provide privately to their best clients.
  • The profit engine of Amazon is AWS, its cloud computing service.  As investors look below the surface, there is a slight miss in cloud computing revenues.
  • The chart shows that the stock gave up its gain on cloud computing data.
  • The chart shows when Amazon made a comment that AWS will make ‘tens of billions’ from generative AI.
  • The chart shows that AMZN stock staged a strong rally on this comment.
  • In The Arora Report analysis, the reaction in AMZN stock on just the comment after missing the revenues shows the power of just talking about AI to move up stocks is still there.  There has been a concern that stocks going up on AI talk has run its course.  In The Arora Report analysis, starting next quarter, investors will want to see actual earnings and revenue gains from AI.  A fortune is to be made in AI over the next seven years.  It is not going to be a straight line.  At times, it is going to be treacherous.  Those who take time to develop more in-depth knowledge will make significantly more money than those who do not take the time to develop in-depth knowledge, even when receiving the same signals. The best way to develop your investing knowledge about AI is to listen to the podcasts in Arora Ambassador Club.
  • The just released economic data shows that the consumer continues to binge.  Here are the details:
    • Personal spending came at 0.7% vs. 0.5% consensus.
    • Personal income came at 0.3% vs. 0.4% consensus.
  • In The Arora Report analysis, the pattern in the data has been and continues to be that consumers’ spending has been going up more than the rise in their incomes.  Where is the money coming from?  The data just released shows that consumers are dipping into their savings that they built from free money programs. The other data shows that consumers without savings are running up higher balances on their credit cards.  
  • The stock market continues to levitate and a recession has been postponed due to strong spending by the consumer.  Here is the key question for investors: How long can the consumer keep this up?  We had previously shared with you that consumer liquidity would start declining in October.  The new data shows that the Arora call has proven spot on.  Consumer liquidity has started to decline.  It will take several months of declining consumer liquidity before consumers slow their spending.  
  • The latest data on the Fed’s favorite inflation gauge PCE shows that inflation is running as expected.  Here are the details:
    • Headline PCE came at 0.3% vs. 0.3% consensus.
    • Core PCE came at 0.3% vs. 0.3% consensus.
  • University of Michigan consumer sentiment will be released at 10am ET.  This data may be market moving.
  • Prudent investors should keep an eye on Iran.  The U.S. struck Iranian linked bases in Syria.  The U.S. is sending thousands of troops to the Middle East.  The intelligence is that Iranian proxies are planning attacks on U.S. assets in the Middle East.
  • Aggressive buying came into stock futures yesterday evening after Amazon’s artificial intelligence comment.  This shows that even the mention of artificial intelligence still has the power to move not just a stock, but the entire market.  The buying on AI frenzy persisted throughout the night and is continuing this morning in the premarket.
  • We will be carefully watching to see if the strength based on Amazon’s AI mention brings in more buyers or if the strength is sold as the day progresses.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Amazon, Meta (META), Tesla (TSLA), Nvidia (NVDA), and Microsoft (MSFT).

In the early trade, money flows are neutral in Alphabet (GOOG) 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.

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

There is belief that whales will take advantage of the low liquidity over the weekend to run up bitcoin (BTC.USD) above $35,000 and this will suck in retail investors who will buy with the hope of bitcoin reaching $40,000 quickly.  Prudent investors need to keep in mind that bitcoin has rallied about 30% in two weeks in hopes of a spot bitcoin ETF.    

Markets

Our very, very short-term early stock market indicator is ***.  Keep in mind, today is Friday.  On the positive side, short squeezes tend to start on Friday and run up the market.  On the negative side, some hedge funds and institutions may decide to trim at the edges to lower their risk ahead of the weekend, not knowing how Iran will respond to U.S. strikes.   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.

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.

Gold futures are at $1990, silver futures are at $22.89, and oil futures are at $84.56.

S&P 500 futures are trading at 4175 as of this writing.  S&P 500 futures resistance levels are 4200, 4318, and 4400: support levels are 4000, 3950, and 3860.

DJIA futures are up 31 points.

Protection Band And What To Do Now

It is important for investors to look ahead and not in the rearview mirror.

Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider holding *** in cash or Treasury bills 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.

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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.

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.

 

STRONGEST EARNINGS FROM META BUT THE STOCK FALLS ON MARKET MECHANICS, ECONOMY RUNNING HOT

October 26, 2023

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

Market Mechanics

Please click here for a chart of Meta stock (META).

Note the following:

  • The Morning Capsule is about the big picture and not an individual stock.  The chart of META is being used to illustrate the point.
  • Meta, a very important stock for the stock market, reported earnings after the close. The chart shows when earnings were reported.
  • The chart shows that the stock ran up on Meta announcing the strongest profits and sales in its history for the last quarter.
  • The chart shows when investors sold META when the company pointed out that Meta is an advertising business and the economic environment is uncertain.  As we have shared with you before, advertising goes down in a recession.  There is nothing new here.  The real reason the stock fell is because of two market mechanics – over-ownership and extremely positive positioning.  Market mechanics are powerful.  Understanding market mechanics gives you a big edge.  Wall Street professionals keep market mechanics close to the chest because of their high value.  Fortunately, you have an easy way to learn market mechanics by listening to the podcasts in Arora Ambassador Club.
  • As META stock fell, so did stock futures.
  • The reaction to Meta earnings in the stock market is an exact repeat of the market reaction to Alphabet earnings that we previously shared with you.
  • New data shows that the economy is running hot.
    • Q3 GDP-Adv came at 4.9% vs. 4.7% consensus.
    • Initial jobless claims came at 210K vs. 210K consensus.  Initial jobless claims is a leading indicator and carries heavy weight in our adaptive ZYX Asset Allocation Model with inputs in ten categories.  In plain English, adaptiveness means that the model changes itself with market conditions.  Please click here to see how this is achieved.  One of the reasons behind The Arora Report’s unrivaled performance in both bull and bear markets is the adaptiveness of the model.  Most models on Wall Street are static.  They work for a while and then stop working when market conditions change.
  • Durable orders also indicate a hot economy.  Here are the details:
    • Durable orders came at 4.7% vs. 1.5% consensus.
    • Durable orders ex-transport came at 0.5% vs. 0.3% consensus.
  • Stock futures were sold after Meta earnings, and there was more selling earlier this morning.  After the release of economic data showing a stronger economy, the momo crowd aggressively started buying stocks.  Prudent investors should note a change in the momo crowd behavior.  Usually, the momo crowd buys on weak economic data because it means to them that the Fed will lower interest rates.  Historically, the momo crowd sells on strong economic data. However, today, they are buying on strong economic data.
  • In The Arora Report analysis, the unusual momo crowd behavior today is due to the market falling to a support zone.  
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Microsoft (MSFT).

In the early trade, money flows are negative in Tesla (TSLA), Apple (AAPL), Meta (META), Amazon (AMZN), and Nvidia (NVDA).

In the early trade, money flows are mixed 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.

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) continues to levitate on hopes of it adding a $1T market cap when a spot bitcoin ETF is approved.

Markets

Our 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.

Interest rates are ticking down, and bonds are ticking up.

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.

Gold futures are at $1989, silver futures are at $22.87, and oil futures are at $83.37.

S&P 500 futures are trading at 4198  as of writing.  S&P 500 futures resistance levels are 4318, 4400, and 4460: support levels are 4000, 3950, and 3860.

DJIA futures are down 10 points.

 

HERE IS HOW INVESTORS CAN RESOLVE TWO SETS OF ARTIFICIAL INTELLIGENCE CONTRADICTIONS IN THE NEW DATA POINTS

October 25, 2023

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

Artificial Intelligence Contradictions

Please click here for a chart of Alphabet stock (GOOG).

Note the following:

  • The Morning Capsule is about the big picture, not an individual stock.  The chart of Alphabet stock is being used to illustrate the point.
  • The chart shows when Alphabet (GOOG, GOOGL) earnings were released.
  • The chart shows that immediately after the earnings were released, Alphabet stock went up as the earnings were better than expected and Wall Street was positioned for better than expected earnings.  The momo crowd was buying aggressively before the earnings, hoping for Alphabet stock to reach $160 after earnings.
  • The chart shows that buying after earnings in Alphabet stock did not last very long as selling came in and overwhelmed the buyers.  The selling came from smarter investors who noticed that Google’s cloud growth was lagging.
  • The chart shows that Alphabet stock fell off the cliff.  One of the reasons behind the rapid fall was that Alphabet stock was over-owned going into earnings.
  • In contrast to Alphabet, Microsoft stock ran up on cloud growth.
  • There is a contradiction here.  Google cloud growth lagged.  Microsoft cloud growth did well.  Why?  In The Arora Report analysis, the answer is artificial intelligence.  Microsoft is ahead of Google in artificial intelligence and therefore able to attract more clients to its cloud.  
  • The Microsoft versus Google difference due to artificial intelligence is one set of new data.  There is another set of data from Texas Instruments (TXN).  Texas Instruments is a major semiconductor manufacturer.  Texas Instruments earnings indicate that the semiconductor cycle was still depressed, inventories were still high, and the company did not see a turn up in the cycle.
  • You may recall that only a few days ago, we shared with you that Taiwan Semiconductor (TSM), the largest foundry for advanced semiconductors, said in earnings that the semiconductor cycle had bottomed, inventories were low, and an up turn was ahead.
  • Again, there are contradictory data points from two major semiconductor companies.  Why?  In The Arora Report analysis, the reason is that TSM is highly exposed to artificial intelligence but TXN has very little artificial intelligence exposure. 
  • Now investors have two contradictory sets of data from four major companies in leading sectors.  The difference is coming down to artificial intelligence.
  • A fortune is to be made in artificial intelligence over the next seven years.  However, at times it will be treacherous.  Moreover, market mechanics are very powerful.  Here, the market mechanics of year end chase, over-ownership, and positioning are at play.  Our long experience with thousands of investors has clearly proven that given the exact same information in the Real Time Feeds, investors who take time to develop more in-depth knowledge perform significantly better compared to those who do not take time to develop in-depth knowledge.  The most time efficient way to develop in-depth knowledge is to listen to the podcasts in Arora Ambassador Club.  Arora Ambassador Club has a number of in-depth podcasts on artificial intelligence, semiconductors, and market mechanics.
  • No action is needed by members of The Arora Report because The Arora Report already correctly anticipated this difference between MSFT and GOOG as well as between TXN and TSM; and it is already taken into account in the protection band.  
  • Among important earnings released and not discussed above, earnings are better than expected from BA, GD, and TMUS.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.
See also  NEW DATA POINT SHOWS INSATIABLE DEMAND FOR AI CHIPS BUT CHART SHOWS BROADENING TOP PATTERN

Magnificent Seven Money Flows

In the early trade, money flows are positive in Microsoft.

In the early trade, money flows are negative in Alphabet, Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), Amazon (AMZN), and Meta (META).

In the early trade, money flows are mixed 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.

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

API crude inventories came at a draw of 2.668M barrels vs. a consensus of a build of 1.550M barrels.

The momo crowd is *** in the early trade.  Smart money is *** in the early trade.

For longer-term, please see oil ratings.

Bitcoin

Bitcoin (BTC.USD) continues to levitate as more retail investors learn about the potential upcoming ETF and aggressively buy bitcoin.

Markets

Our 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.

Interest rates are ticking up, bonds 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.

Gold futures are at $1987, silver futures are at $22.93, and oil futures are at $83.94.

S&P 500 futures are trading at 4253 as of this writing.  S&P 500 futures resistance levels are 4318, 4400, and 4460: support levels are 4200, 4000, and 3950.

DJIA futures are up 66 points.

 

BUYING IN STOCKS ON PULLBACK IN YIELDS, RUSH TO BUY BITCOIN

October 24, 2023

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

Buying In Stocks

Please click here for a chart of 7-10 year Treasury bond ETF (IEF).

Note the following:

  • The trendline on the chart shows that IEF has been in a downtrend.  IEF being in a downtrend means that the yield on 10 year Treasuries has been rising.  This has been putting pressure on the stock market.  The chart shows that IEF bounced yesterday and is bouncing more today as yields pull back from the psychologically important 5% level.
  • The pullback in yields is bringing in buyers.
  • Two very important earnings for the stock market are Microsoft (MSFT) and Alphabet (GOOG, GOOGL).  Both report earnings after the market close.
  • As is their pattern, the momo crowd is buying tech stocks ahead of the earnings on hope strategy.
  • Prudent investors need to remember that hope is never a good strategy.
  • For your buying, consider sticking to the proven system with an unrivaled track record that combines the six screens of the ZYX Change Method and the adaptive ZYX Asset Allocation Model with inputs in ten categories.
  • There is also buying coming into the stock market on delays in Israeli invasion of Gaza.
  • Bitcoin and speculative stocks tend to be correlated.  Buying is coming into speculative stocks in sympathy with the surge in bitcoin.  Please scroll down to see the bitcoin section.
  • Earnings are in focus as 30% of S&P 500 earnings are being reported this week.  Among the important companies reporting earnings, earnings from KO, VZ, RTX, DOW, MMM, SHW, GM, and GE are better than expected; earnings from HCA, AGNC, GLW, PKG, and PII are worse than expected.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Japan

We have been sharing with you that the monetary policy in Japan is having a major impact on the U.S. stock market and the impact will likely increase as Bank of Japan (BOJ) tightens its monetary policy.

BOJ conducted a buying operation to purchase JGBs with maturities between 5 – 10 years and 10 – 25 years.

Japan is considering an income tax cut for individuals.

Europe

European Central Bank (ECB) is likely to pause interest rate hikes and move to shrinking its balance sheet.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Microsoft, Alphabet, Meta (META), Amazon (AMZN), Nvidia (NVDA), and Tesla (TSLA).

In the early trade, money flows are neutral in Apple (AAPL).

In the early trade, money flows are mixed 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.

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

We have been sharing with you for some time that bitcoin (BTC.USD) market cap may add $1T if a spot bitcoin ETF is approved.  We have also been sharing with you the buying pattern in bitcoin.  Retail investors are aggressively buying bitcoin after whales ran it up over the weekend.  Retail investors are now learning about a potential spot bitcoin ETF.

See also  THE NVIDIA CHART SHOWS THE IMPORTANCE OF EARNINGS FROM TESLA, META, MICROSOFT, AND ALPHABET

Markets

Our 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.

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.

Gold futures are at $1975, silver futures are at $23.01, and oil futures are at $85.46.

S&P 500 futures are trading at 4262  as of this writing.  S&P 500 futures resistance levels are 4318, 4400, and 4600: support levels are 4200, 4000, and 3950.

DJIA futures are up 145 points.

 

GOLD BULLS EXCITED, 10-YEAR YIELD AND EARNINGS IN FOCUS

October 23, 2023

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

Gold Bulls Excited

Please click here for a chart of gold ETF GLD.

Note the following:

  • The chart is a monthly chart to give you a long term perspective.
  • Long time members of The Arora Report know that The Arora Report has an unparalleled record of making accurate buy and sell calls on gold.  Here are two Arora calls that have been credited with moving gold across the globe.
    • The chart shows an Arora sell signal given in 2011 at $1904 on exactly the day gold topped before falling to nearly $1000.
    • In 2016, when almost everyone on Wall Street had anointed Hillary Clinton as the next president, even before the election, The Arora Report was among a small minority that predicted Trump would win.  On election night, as results came in and it became apparent that Trump would win, gold soared.  At the exact top, The Arora Report gave a sell signal which was picked up by Arora Report members in Asia, which started a cascade of selling.  Business Standard, the Wall Street Journal of India, credited The Arora Report with moving gold in its headline.  Here is the Business Standard article: Arora Report Creates Ripples In Bullion Market.
  • The chart shows the resistance zone for gold.
  • The chart shows that gold has rallied to the bottom band of the resistance zone.
  • Gold bulls are excited, believing that this time gold may breakout above the resistance zone.
  • In The Arora Report analysis, if gold breaks above the resistance zone, there is significant room to run.  There are several important observations about this gold move of interest to investors.
    • Gold does not like high interest rates.  Normally, when interest rates go higher, gold moves down.  Over the last two weeks, even though interest rates have been moving up, gold has continued to move up.
    • In The Arora Report analysis, if interest rates continue to rise, the gold rally may be stopped in its tracks.
    • Significant buying appears to be coming from Asia.
    • It is likely that central banks of countries like China, India, and Saudi Arabia are buying gold.
    • If a northern front is opened in Israel, gold will benefit.
  • Gold has three functions for investors:
    • Insurance against geopolitics, inflation, debt demonetization, and loss in the value of the dollar
    • Investment
    • Short term trades
  • For those interested in learning more about using gold as insurance, a new podcast titled “Middle East Turmoil: How Much Gold To Own As Insurance” is in post production.  The podcast will be available in Arora Ambassador Club.
  • As a reference for new members, gold ETF GLD is in the ZYX Allocation Model Portfolio and silver ETF SLV and gold miner NEM are in ZYX Buy Model Portfolio.
  • 10-year Treasury yields are hovering near 5%, the highest level since 2007.  Right now, Wall Street’s machines are programmed to sell stocks on yields above 5% and buy stocks on yields below 5%.  As the yield fluctuates around 5%, buying and selling by Wall Street machines is causing volatility.
  • 30% of S&P 500 earnings are this week.  The most important earnings are from Microsoft (MSFT), Alphabet (GOOG, GOOGL), Meta (META), and Amazon (AMZN).  These four companies comprise 17% of S&P 500.
  • As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.   Please scroll down to see the protection band.

Magnificent Seven Money Flows

In the early trade, money flows are positive in Meta, Nvidia (NVDA), and Microsoft.

In the early trade, money flows are negative in Amazon, Alphabet, Tesla (TSLA), and Apple (AAPL).

In the early trade, money flows are mixed 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.

Gold

The momo crowd is *** gold in the early trade.  Smart money is *** gold 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 above $30,000 as excitement builds on a potential spot bitcoin ETF.  As is usually the case, whales ran up bitcoin over the weekend.  Retail investors are getting excited and buying aggressively.

Markets

Our 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.

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.

Gold futures are at $1990, silver futures are at $23.34, and oil futures are at $87.50.

S&P 500 futures are trading at 4230  as of this writing.  S&P 500 futures resistance levels are 4318, 4400, and 4460: support levels are 4200, 4000, and 3950.

DJIA futures are down 161 points.

 

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Nigam Arora

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.

Dr. Natasha Arora

Dr. Natasha Arora

Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals.

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