Soft Treasury Auctions Are Hitting The Stock Market, Mt. Gox Related Drop In Bitcoin
Portfolio Pulse from The Arora Report
The stock market is under pressure due to soft Treasury auctions and potential rate hikes. Money flows are neutral in NVIDIA and Apple, but negative in Amazon, Alphabet, Meta, Microsoft, Tesla, SPDR S&P 500 ETF Trust, and Invesco QQQ Trust. The momo crowd is buying oil and selling gold, while smart money is inactive. Bitcoin may see a significant drop due to potential Mt. Gox-related sales.
May 29, 2024 | 2:42 pm
News sentiment analysis
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POSITIVE IMPACT
United States Oil ETF is experiencing buying pressure from the momo crowd in early trade.
Buying pressure from the momo crowd suggests a bullish sentiment towards USO in the short term.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Apple Inc is experiencing neutral money flows in early trade.
Neutral money flows suggest a balanced sentiment towards AAPL in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
NVIDIA Corp is experiencing neutral money flows in early trade.
Neutral money flows suggest a balanced sentiment towards NVDA in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Amazon.com, Inc. is experiencing negative money flows in early trade.
Negative money flows indicate a bearish sentiment towards AMZN in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Bitcoin may see a significant drop due to potential Mt. Gox-related sales.
Speculation about Mt. Gox-related sales could lead to a significant drop in Bitcoin's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SPDR Gold Trust is experiencing selling pressure from the momo crowd in early trade.
Selling pressure from the momo crowd suggests a bearish sentiment towards GLD in the short term.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Alphabet Inc Class C is experiencing negative money flows in early trade.
Negative money flows indicate a bearish sentiment towards GOOG in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Meta Platforms Inc is experiencing negative money flows in early trade.
Negative money flows indicate a bearish sentiment towards META in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Microsoft Corp is experiencing negative money flows in early trade.
Negative money flows indicate a bearish sentiment towards MSFT in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Invesco QQQ Trust Series 1 is experiencing negative money flows in early trade.
Negative money flows indicate a bearish sentiment towards QQQ in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
iShares Silver Trust is experiencing selling pressure from the momo crowd in early trade.
Selling pressure from the momo crowd suggests a bearish sentiment towards SLV in the short term.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
SPDR S&P 500 ETF Trust is under pressure due to soft Treasury auctions and potential rate hikes.
Soft Treasury auctions and potential rate hikes are likely to negatively impact the broader market, including SPY.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Tesla Inc is experiencing negative money flows in early trade.
Negative money flows indicate a bearish sentiment towards TSLA in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70