Signs Of Market Character Shift Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market has pulled back to the bottom of zone 1.
The chart shows the stock market was at an all time high only two days ago. If the stock market decisively breaks below zone 1, it would raise the specter that the breakout to a new high two days ago was a false breakout.
For a change, in the early trade, the stock market is not running up. There are very bullish reports from Samsung Electronics Co Ltd (OTC:SSNLF) and Taiwan Semiconductor Mfg.
Co. Ltd.
TSMC is important because it manufactures the most advanced AI semiconductors for the likes of NVIDIA Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc. (NASDAQ:AMD).
4T won vs. 1T won consensus.
49T. Prudent investors should carefully watch to see how well the auction is received and how the market reacts.
S. could attack Iran prior to the midterm elections.
Iran is increasing attacks on tankers. Three people were killed in Saudi Arabia due to Houthi attacks.
Initial jobless claims came at 197K vs. 200K consensus.
In the early trade, money flows are neutral in Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:META), and Alphabet Inc Class C (NASDAQ:GOOG). com, Inc.
(NASDAQ:AMZN), Microsoft Corp (NASDAQ:MSFT), Nvidia (NASDAQ:NVDA), and Tesla Inc (NASDAQ:TSLA). In the early trade, money flows are mixed in S&P 500 ETF (SPY) and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).
The most popular ETF for oil is United States Oil ETF (NYSE:USO). Bitcoin Bitcoin (CRYPTO: BTC) is seeing selling.
What To Do Now Consider continuing to hold good, very long term, existing positions and add tactical positions based on signals. The Arora Report is known for its accurate calls.
Most recently, we correctly called the rally from recent stock market lows and the 2026 semiconductor decline before a 25% drop in the Semiconductor ETF (SMH). In gold, we bought at an average price near $1,105, close to cycle lows, and took partial profits near $5,400, close to cycle highs.
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