Silver, Gold, And Copper Breakout, Wall Street's Last Bear Throws In The Towel
Portfolio Pulse from The Arora Report
The article discusses the breakout of metals such as silver, gold, and copper, and highlights the performance of various ETFs and stocks. It also mentions the shift in market sentiment as Wall Street's last bear changes his outlook. Additionally, it provides insights into money flows in major tech stocks and ETFs, and offers investment advice on protection bands and bond allocations.
May 20, 2024 | 3:00 pm
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POSITIVE IMPACT
Copper miner Freeport-McMoRan Inc (FCX) is breaking out, driven by a short squeeze in copper prices.
The breakout in copper prices due to a short squeeze is likely to positively impact Freeport-McMoRan Inc.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Gold ETF SPDR Gold Trust (GLD) is breaking out, supported by geopolitical concerns and increased buying.
The breakout in gold is supported by real buying and geopolitical concerns, indicating a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Positive money flows in Alphabet Inc Class C (GOOG) in early trade indicate investor confidence.
Positive money flows suggest short-term bullish sentiment for Alphabet Inc.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Gold miner Newmont Corporation (NEM) is included in The Arora Report's core ZYX Buy Model Portfolio, benefiting from the gold breakout.
As gold breaks out, Newmont Corporation is likely to benefit, given its inclusion in a recommended portfolio.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Positive money flows in NVIDIA Corp (NVDA) in early trade indicate investor confidence.
Positive money flows suggest short-term bullish sentiment for NVIDIA Corp.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Silver ETF iShares Silver Trust (SLV) has broken out on a monthly basis, with RSI reaching an overbought level, indicating a potential pullback followed by a new high.
The breakout and overbought RSI suggest a short-term pullback, but historical patterns indicate a subsequent new high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Positive money flows in Tesla Inc (TSLA) in early trade indicate investor confidence.
Positive money flows suggest short-term bullish sentiment for Tesla Inc.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Metals and mining ETF SPDR S&P Metals & Mining ETF (XME) is recommended for those interested in metals, included in The Arora Report's ZYX Allocation Model Portfolio.
The inclusion of XME in a recommended portfolio suggests a positive outlook for metals and mining stocks.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Neutral money flows in Amazon.com, Inc. (AMZN) in early trade indicate a balanced sentiment among investors.
Neutral money flows suggest a balanced sentiment, indicating no significant short-term price movement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Neutral money flows in Meta Platforms Inc (META) in early trade indicate a balanced sentiment among investors.
Neutral money flows suggest a balanced sentiment, indicating no significant short-term price movement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Neutral money flows in Microsoft Corp (MSFT) in early trade indicate a balanced sentiment among investors.
Neutral money flows suggest a balanced sentiment, indicating no significant short-term price movement.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Mixed money flows in Invesco QQQ Trust Series 1 (QQQ) in early trade indicate uncertainty among investors.
Mixed money flows suggest uncertainty, indicating no clear short-term price direction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Mixed money flows in SPDR S&P 500 ETF Trust (SPY) in early trade indicate uncertainty among investors.
Mixed money flows suggest uncertainty, indicating no clear short-term price direction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
The United States Oil ETF (USO) is experiencing volatile trading with the momo crowd acting like a yoyo.
Volatile trading suggests uncertainty, indicating no clear short-term price direction.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Negative money flows in Apple Inc (AAPL) in early trade indicate a bearish sentiment among investors.
Negative money flows suggest a bearish sentiment, indicating potential short-term price decline.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60