WEEKLY STOCK MARKET DIGEST: 2023 EARLY WALL STREET POSITIONING WILL DETERMINE THE COURSE OF THE STOCK MARKET
The Arora Report, Ltd.
The most accurate stock market, gold, and oil analysis in both bull and bear markets - over 100 million page views.
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.’
OPTIMISM ON BOJ DEFENDING YIELD CURVE, 2023 POSITIONING
To gain an edge, this is what you need to know today.
BOJ?Defends Yield Curve
Please?click here?for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
For many institutions, today is the last day for tax loss selling.
Jobless Claims
Jobless claims came at 225K vs. 220K consensus.
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 ?? 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 is range bound.
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 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 $1817, silver futures are at $24.19, and oil futures are at $78.17.
S&P 500 futures resistance levels are 3860, 3950 and 4000: support levels are 3770, 3630 and 3600.
DJIA?futures are up 182 points.
Protection Bands 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.
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.
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TAX LOSS SELLING ABOUT TO END – POSITIONING FOR 2023 ABOUT TO BEGIN
To gain an edge, this is what you need to know today.
Tax Loss Selling
Please?click here?for a chart of?Nasdaq 100 ETF (QQQ).
Note the following:
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.
领英推荐
For longer-term, please see oil ratings.
Bitcoin
Bitcoin is coming under pressure because of two developments in the crypto world.
On the positive side,?MSTR?bought 2395 bitcoins for about $42.8M?in cash during November 1 to December 21.?Some investors are seeing this as a sign of confidence.?However, prudent investors need to keep in mind that lately?MSTR?has been wrong, is sitting on a huge loss, and the buying is relatively small.
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 slightly 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 $1818, silver futures are at $24.27, and oil futures are at $78.90.
S&P 500 futures resistance levels are 3950, 4000, and 4200: support levels are 3770, 3630, and 3600.
DJIA?futures are up 40 points.
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NEWS FROM CHINA BRINGS IN STOCK BUYERS BUT SOME INVESTORS USING STRENGTH TO SELL, HOLIDAY SCHEDULE
To gain an edge, this is what you need to know today.
News From China
Please?click here?for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
Two Years Down Is A Rarity
Since 1928, the stock market falling two years straight in a row is a rarity.?It has happened only four times:
Momo gurus are adding these statistics to their narrative to persuade their followers to buy stocks.
Japan
China has a choke hold on rare earth minerals.?Rare earth minerals are essential to many of today’s technologies.?To?reduce?dependence on China, Japan will start extracting rare earth minerals from the sea bed starting in 2024.?As a full disclosure, MP, a?U.S. company mining rare earth minerals in the?U.S., is in the ZYX Buy Model Portfolio.
Holiday Schedule
The Afternoon Capsule will not be published this week.?Afternoon Capsules will resume on January 3.
Momo Crowd And Smart Money In Stocks
The momo crowd is ?? stocks in the early trade.?Smart money is ?? stocks in the early trade.
Gold
Gold is moving up on news from China.
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
Oil is moving up on news from China.
The momo crowd is ?? in the early trade.?Smart money is ?? in the early trade.
For longer-term, please see oil ratings.
Bitcoin
Bitcoin is range bound and trading below $17,000.
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 $1814, silver futures are at $24.20, and oil futures are at $80.13.
S&P 500 futures resistance levels are 3950, 4000, and 4200: support levels are 3860, 3770, and 3630.
DJIA?futures are up 76 points.
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