L'intérêt à découvert pour Ishares MSCI India Small Cap ETF donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de Ishares MSCI India Small Cap ETF. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

Ishares MSCI India Small Cap ETF (BATS:SMIN), Rapport sur les intérêts à découvert

Ishares MSCI India Small Cap ETF

Other

Basic Materials

Industrials

Financial Services

Consumer Cyclical

Healthcare

Technology

Consumer Defensive

Real Estate

Communication Services

Utilities

Energy

The fund generally will collectively invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is designed to measure the performance of equity securities of small-capitalization companies in the Indian securities market.

Blackrock Cash Funds: Treasury, Sl Agency Shares

Dixon Technologies (india) Ltd

iShares MSCI India Small-Cap ETF

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-21_08h52_20.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Nvidia Dips Aggressively Bought</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-nvidia-earnings-nvda-mc-11212024">click here</a> for an enlarged chart of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of NVDA stock is being used to illustrate the point. As full disclosure, NVDA is part of The Arora Report&#8217;s ZYX Buy Model Portfolio.</li>
<li>The chart shows the dip in NVDA stock has been aggressively bought.</li>
<li>The chart shows that NVDA stock dipped into the support zone after earnings.&nbsp; The buying in NVDA this morning has been extremely aggressive as illustrated by the fact that NVDA traded as high as $149.40 vs. the prior high of $149.77.</li>
<li>The chart shows the NVDA bounced from the support zone to the resistance zone.</li>
<li>As of this writing, NVDA stock is very volatile.</li>
<li>In The Arora Report analysis, a tell for the stock market will be to see if NVDA stock breaks out or retraces back to the support zone.</li>
<li>Nvidia reported earnings better than the consensus numbers, better than some whisper numbers, but less than the top end of the whisper numbers.</li>
<li>Overheating was a big concern going into earnings.&nbsp; It appears that most of the overheating issues have been resolved.&nbsp; Here are the key points from Nvidia earnings:
<ul>
<li>Nvidia CEO Jensen Huang said, "The age of AI is in full steam, propelling a global shift to Nvidia computing."</li>
<li>Blackwell demand is likely to exceed supply in FY26.</li>
<li>Hopper demand is also very strong.</li>
<li>Nvidia is working on the next data center architecture that will improve production yields.</li>
<li>Nvidia expects enterprise AI, industrial AI, and robotics to continue to increase.</li>
<li>Nvidia beat on revenue.
<ul>
<li>Data center revenue and automotive revenue hit records.</li>
<li>Gaming revenue increased 15% from last year.</li>
<li>Professional visualization revenue increased 17% from last year.</li>
</ul>
</li>
</ul>
</li>
<li>The fact that NVDA dips are being aggressively bought is helping the overall stock market.</li>
<li>Also helping the stock market this morning is Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) approaching $100K.</li>
<li>Sentiment is extremely positive.</li>
<li>Investors are buying stocks and cryptos with total abandon.&nbsp; If it was not for the positive seasonality and year end chase, this kind of reckless buying would have resulted in increasing the protection band because extreme positive sentiment is historically a sell signal.&nbsp; However, The Arora Report call remains to buy the dips because the year end chase is likely to trump all other factors.&nbsp; In year end chase, even bearish money managers aggressively buy stocks to keep up with their benchmarks.</li>
<li>Initial jobless claims came at 213K vs. 221K consensus.&nbsp; This indicates that the job market is very strong.&nbsp; This is another data point that shows that the Fed should not have been cutting interest rates as aggressively as it did. In the short term, the Fed's actions have poured gasoline over the fire to aggressively buy stocks and cryptos.</li>
</ul>
<h3 class="wp-block-heading">First ICBM Fired</h3>
The first operational intercontinental ballistic missile (ICBM) was developed by Russia in 1957, followed by development by the U.S. in 1959.&nbsp; To the best of our knowledge, Russia has fired the first ICBM in battle since its invention.&nbsp; This is Russia's response to Ukraine firing U.S. and British long range missiles on Russian territory.
In The Arora Report analysis, both Russia and Ukraine are escalating the conflict to gain an advantage before Trump stops the war.&nbsp; These developments have major implications for investors.&nbsp;
<h3 class="wp-block-heading">Problem For India</h3>
Gautam Adani is the most important industrialist in India.&nbsp; He is also very closely allied with India&#8217;s Prime Minister Modi.&nbsp; The U.S. Department of Justice has just indicted Adani for bribes in solar contracts.
The Indian stock market has fallen on the news.  In The Arora Report analysis, some foreign money is going to flow out of India on this development.  The Arora Report call has been to steadily take partial profits on India positions Fairfax India Holdings Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFXDF#OTC">FFXDF</a>), WisdomTree India Earnings Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPI#NYSE">EPI</a>), iShares MSCI India Small-Cap ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SMIN#BATS">SMIN</a>), and VanEck India Growth Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLIN#NYSE">GLIN</a>).  The Arora Report&#8217;s call yesterday evening was to take more partial profits on India positions.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVDA.
In the early trade, money flows are neutral in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin is approaching $100K.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. 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.&nbsp; 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.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; 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.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
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.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Market Summary

News

General

$BTC

AAPL

AMZN

FFXDF

GLIN

GOOG

MSFT

NVDA

SMIN

TSLA

Nvidia Aggressively Bought, Russia Fires First Intercontinental Ballistic Missile, Adani Indicted

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-03_08h44_42.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Cognitive Dissonance</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-bonds-israel-strike-iran-tlt-mc-10032024">click here</a> for an enlarged chart of iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>).
Note the following:
<ul>
<li>The chart shows when the Fed rate cut was announced.</li>
<li>At the time the Fed rate cut was announced, this was the landscape:
<ul>
<li>Wall Street firms were tripping over themselves to rush their clients into buying long bonds.</li>
<li>The momo crowd was aggressively buying long bonds.</li>
<li>Technically, long bonds had broken out.</li>
<li>Trading services were sending signals to their members to go all in on buying long bonds.</li>
<li>Almost everyone was predicting that bond yields would fall much lower.</li>
</ul>
</li>
<li>Long bonds move inversely to the yield.&nbsp; When yield goes higher, long bonds fall.</li>
<li>On the morning before the Fed rate cut announcement, The Arora Report made a bold call contrary to the prevailing wisdom.  The call was inline with prior calls that long bond yields may rise and long bonds may fall after the rate cut.  We wrote:</li>
</ul>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">One unintended consequence may be a rise in long term yields in due course.
</blockquote>
<ul>
<li>The chart shows that long bonds have fallen and yields have risen.</li>
<li>The chart shows that the breakout above the resistance zone failed.&nbsp; Ironically, this breakout was the reason legions of investors who rely only on traditional technical analysis bought long bonds on the breakout. To make matters worse, most of such bond trading positions are taken on high leverage.&nbsp; Due to high leverage, these positions now have substantial losses.
<ul>
<li>This is a cautionary tale that illustrates why investors should not rely solely on one form of analysis such as traditional technical analysis. Investors should rely on systems, such as The Arora Report system, that synergistically combine in an optimized manner the best elements of the following:
<ul>
<li>Macro analysis</li>
<li>Fundamental analysis</li>
<li>Technical analysis</li>
<li>Quantitative analysis</li>
</ul>
</li>
</ul>
</li>
<li>Money is flowing into the safety of Treasuries due to anxiety about potential escalation of conflict in the Middle East.&nbsp; In The Arora Report analysis, if it was not for the escalation in the Middle East, TLT would have been much lower now.</li>
<li>Going forward, investors need to remember the probability adjusted risk reward ratio in long bonds is not great.  Long bonds will work only if there is a major recession or a major war breaks out.  However, investors need to remember that the stock market is counting on no recession. Investors are suffering from cognitive dissonance – they are buying stocks believing that there will not be a recession, they are buying bonds believing there will be a recession.</li>
<li>If inflation starts rising again, investors in long bonds will experience major losses.&nbsp; Investors are very short sighted and are also losing track of the fact that the election is not far away.&nbsp; Both Trump and Harris are committed to more reckless borrowing and more reckless spending.&nbsp; This will increase the supply of Treasuries.&nbsp; How can a higher supply of Treasuries be good for long bonds?&nbsp; The answer is that it is not good for long bonds.</li>
<li>On the positive side, NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), CEO Jensen Huang says Blackwell production is in full swing and the demand for Blackwell is insane.</li>
<li>Also on the positive side, OpenAI has raised $6.6B in new funds at a valuation of $157B.&nbsp; This valuation is significantly higher than the last round.</li>
<li>Anxiety is building among investors regarding the upcoming strike on Iran by Israel.&nbsp; There are reports that Israel wants to attack Iran's nuclear installations, but Biden is trying to restrain Israel.</li>
<li>Initial jobless claims came at 225K vs. 223K consensus.&nbsp; Jobless claims are not showing weakness in the jobs picture.&nbsp; Powell saw weakness in the jobs picture, and that was one of his justifications for the 50 bps rate cut.&nbsp; More information will become available about the jobs picture tomorrow when the official jobs report is released at 8:30am ET.&nbsp; The jobs report has the potential to be a major market moving event.</li>
<li>ISM Non-Manufacturing Index will be released at 10am ET.&nbsp; The consensus is 51.6.&nbsp; This data may be market moving.</li>
</ul>
<h3 class="wp-block-heading">China</h3>
The stock buying stampede in Hong Kong is slowing.  Mainland markets are closed.  Prudent investors are taking advantage of the rally to sell.  As full disclosure, The Arora Report&#8217;s plan continues to be to buy on a dip.  The Arora Report has new buy zones for Mainland China ETF Xtrackers Hvst CSI 300 China A Shs ETF Class A (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASHR#NYSE">ASHR</a>) and Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">India</h3>
Growth concerns are emerging in India.  Money is beginning to flow out of India and into China.  As full disclosure, The Arora Report has new signals on India ETF WisdomTree India Earnings Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPI#NYSE">EPI</a>), VanEck India Growth Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLIN#NYSE">GLIN</a>), and iShares MSCI India Small-Cap ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SMIN#BATS">SMIN</a>) in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in NVDA.
In the early trade, money flows are neutral in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is seeing selling along with junk stocks.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
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 a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. 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.&nbsp; 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.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; 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.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
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.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Markets

Trading Ideas

ASHR

iShares Trust Barclays 20+ Year Treasury Bond Fund

Investors Suffering Cognitive Dissonance, Insane Demand For Nvidia Chips, Anxiety Builds About Israel And Iran

<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/07/2024-07-23_08h48_24.png" style="height:382px; width:700px" />
To gain an edge, this is what you need to know today.
<h4>Speculative Sentiment</h4>
Note the following:
<ul>
<li>This article&nbsp;is about the big picture, not an individual stock.&nbsp; The chart of TSLA stock is being used to illustrate the point.</li>
<li>Speculative sentiment is one of the major drivers of the stock market.
<ul>
<li>Right now, speculative sentiment is in the very high zone.</li>
<li>The battle of humanoid robots and robotaxis vs. electric vehicles is ahead. The result of the battle will significantly add to or take away from the speculative sentiment.</li>
</ul>
</li>
<li>The chart shows TSLA stock ran up on gamma squeeze.&nbsp; Gamma squeeze is an important Wall Street mechanic.&nbsp; Investors can gain a big edge by learning about Wall Street mechanics.</li>
<li>The chart shows the resistance zone and support zones for TSLA stock.</li>
<li>RSI on the chart shows that TSLA stock is close to being oversold. This makes it easier for TSLA stock to move up.</li>
<li>The battle after Tesla&rsquo;s earnings release will be the major determinant of the stock.&nbsp; Tesla will release earnings after the close today.</li>
<li>Elon Musk has succeeded in getting a portion of Tesla&rsquo;s shareholder base to focus on humanoid robots, robotaxis, and AI.&nbsp; In spite of Musk&rsquo;s success in refocusing the shareholder base, a large portion of Tesla shareholders continue to be focused on the electric vehicle side of the business.</li>
<li>Electric vehicle business continues to be weak and is likely to further weaken.</li>
<li>Musk says that Tesla has humanoid robots in production, and they will be put to work at Tesla next year.
<ul>
<li>Tesla aims to sell humanoid robots to other companies starting in 2026.</li>
</ul>
</li>
<li>Tesla&rsquo;s robotaxi event was postponed from August to October.&nbsp; Expect more pump and mind blowing projections about robotaxis.&nbsp;</li>
<li>After the earnings release, there will be a battle between those who are focused on electric vehicles and those who are focused on humanoid robots and robotaxis.&nbsp; The result of the battle will not only impact TSLA stock but also the overall sentiment of the entire stock market.</li>
<li>Among important earnings, General Motors Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>), General Electric Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>), Coca-Cola Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>), Lockheed Martin Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), SAP SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sap#NYSE">SAP</a>), and Spotify Technology SA (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) are reporting better than expected earnings.</li>
<li>United Parcel Service, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ups#NYSE">UPS</a>)&nbsp;and NXP Semiconductors NV&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nxpi#NASDAQ">NXPI</a>) are reporting worse than expected earnings.</li>
<li>About 25% of S&amp;P 500 companies are reporting earnings this week.</li>
<li>The stock market is excited that Kamala Harris has secured enough delegates to clinch the nomination.&nbsp; Expect the excitement to be short lived.</li>
</ul>
<h4>India</h4>
India continues to be one of the best long term opportunities.&nbsp; As full disclosure, India focused fund&nbsp;Fairfax India Holdings Corp&nbsp;(OTCMKTS: FFXDF) is in The Arora Report&#39;s&nbsp;ZYX Buy Model Portfolio.&nbsp; Three India focused ETFs,&nbsp;WisdomTree India Earnings Fund&nbsp;(NYSEARCA: EPI), iShares MSCI India Small-Cap ETF&nbsp;(BATS: <a class="ticker" href="https://www.benzinga.com/stock/smin#BATS">SMIN</a>), and&nbsp;VanEck India Growth Leaders ETF&nbsp;(NYSEARCA: GLIN), are in The Arora Report&#39;s ZYX Emerging Model Portfolio.
The central government budget is always a big event for Indian stocks.&nbsp; The just unveiled budget is great for the long term, but in the short term, investors are spooked due to an increase in capital gains tax.&nbsp; Short term capital gains will have a 20% tax rate, and long term capital gains will have a 12.5% tax rate.
<h4>Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are neutral in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), and Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>).
In the early trade, money flows are negative in NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSEARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h4>Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ. &nbsp;Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. &nbsp;The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD). &nbsp;The most popular ETF for silver is iShares Silver Trust (ARCA:SLV). &nbsp;The most popular ETF for oil is United States Oil ETF (ASCA:USO).
<h4>Bitcoin</h4>
Bitcoin whales are hard at work with a wild Trump rumor aiming to drive Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the moon.&nbsp; The rumor is that Trump could create a national bitcoin strategic reserve.&nbsp; Of note is that Trump has apparently invited investors to the much hyped Bitcoin 2024 conference, including a private&nbsp; round table event.&nbsp; Trump is apparently charging $845,000 per person.
<h4>Protection Band And What To Do Now</h4>
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 a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. 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.&nbsp; 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.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; 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.&nbsp; High beta stocks are the ones that move more than the market.
<h4>Traditional 60/40 Portfolio</h4>
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.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

NXPI

SPOT

Battle Of Humanoid Robots And Robotaxis Vs. Electric Vehicles, Trump Rumor To Drive Bitcoin To The Moon

Jim Lebenthal of Cerity Partners named Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) as his stock pick on CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/07/22/final-trades-interactive-brokers-delta-the-smin-and-iyh.html">Halftime Report Final Trades</a>.&#8221; 
Shares of Delta Air Lines fell around 3.5% on Monday after the legacy carrier canceled more than 600 flights on Monday, as it struggled to recover from a global cyber outage that impacted <a href="https://www.benzinga.com/markets/equities/24/07/39886639/why-are-delta-air-lines-shares-descending-on-monday">operations last week</a>.
On July 11, Delta Air Lines posted downbeat second-quarter earnings and issued lower-than-expected third-quarter earnings outlook. 
The company reported quarterly earnings of $2.36 per share which missed the analyst consensus estimate of $2.37 per share. The company reported quarterly sales of $16.658 billion which beat the analyst consensus estimate of $15.452 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Shannon Saccocia of NB Private Wealth named iShares U.S. Healthcare ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYH#NYSE">IYH</a>) as <a href="https://www.benzinga.com/quote/IYH">her final trade</a>.
Joseph M. Terranova of Virtus Investment Partners said Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) had a post-earnings correction, which is coming to an end. The stock will resume its prevailing trend and march towards the $150 level.
On July 16, Interactive Brokers Group reported better-than-expected second-quarter financial results. 
The company reported quarterly sales of $1.29 billion which beat the analyst consensus estimate of $1.262 billion, representing a 29% increase over sales of $1 billion from the same period last year. The company reported quarterly earnings of $1.76 per share, which beat the analyst consensus <a href="https://www.benzinga.com/news/earnings/24/07/39804112/interactive-brokers-reports-better-than-expected-q2-results-customer-accounts-increased-28-the-deta">estimate of $1.74 per share</a>.
Stephen Weiss of Short Hills Capital Partners picked iShares MSCI India Small-Cap ETF (CBOE: SMIN).
Price Action:
<ul>
<li>iShares U.S. Healthcare ETF rose 0.6% on Monday.</li>
<li>Interactive Brokers shares gained 1.4% to settle at $122.30 during Monday's session.</li>
<li>Delta Air Lines shares fell 3.5% to close at $43.83 on Monday.</li>
<li>iShares MSCI India Small-Cap ETF gained 1.4% on Monday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

IBKR

iShares Trust Dow Jones US Healthcare Sector Index Fund

Delta Air Lines, Interactive Brokers And More: CNBC's 'Final Trades'

Analyst Ratings

CNBC Halftime Report Final Trades: Interactive Brokers Group, Delta Air Lines, Ishares MSCI India Small Cap ETF, IShares U.S. Healthcare ETF

Wall Street was upbeat in June, with the S&amp;P 500, the Dow Jones and the Nasdaq advancing 3.5%, 1.1% and 6%, respectively. The Russell 2000, however, saw a 1.1% dip. The S&amp;P 500 topped the 5,500 level for the first time last week, after hitting the 5,400 mark earlier this month and 5,300 last month, indicating investors&#39; confidence. Technology remained the best-performing sector in June.
NVIDIA&nbsp;and Amazon reached $3 trillion and $2 trillion market cap, respectively, in June. NVIDIA (which became the world&#39;s most valuable company briefly in the month), Apple&nbsp;(which also attained the height for a while) and Microsoft&nbsp;remained in the race to become the world&#39;s most valuable company.
In the last FOMC meeting early last month, U.S. policymakers penciled in just one rate cut for this year and indicated four cuts in 2025. Meanwhile, inflation data released throughout the month showed signs of easing.
The European Central Bank (ECB), too, cut its key interest rate, marking the first reduction since September 2019. This move took the rate down from its previous record of 4% to 3.75%, which has been maintained since September 2023.
Against this backdrop, below we highlight a few winning ETF areas of June.
<h2>Top ETFs by Sector in the Past Month</h2>
<h3>Crypto Miners ETFs</h3>
Valkyrie Bitcoin Miners ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wgmi#NASDAQ">WGMI</a>) &ndash; Up 22.7%
Bitcoin lost about 10% in its price in June (probably due to higher greenback), which in turn, put pressure on crypto stocks. But crypto stocks recorded gains last week as sentiments improved. Notably, the fund WGMI started an uphill ride from Jun 3 and hit a monthly high on Jun 20, after which it started to drop. Shares of companies like Hut 8 Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hut#NASDAQ">HUT</a>) jumped 66.9% in June, driving the ETF WGMI despite bitcoin&#39;s monthly slump.
<h3>Healthcare ETFs</h3>
Simplify Health Care ETF (ARCA:PINK) &ndash; Up 8.2%
The fund has exposure to companies in biotech, med-tech, gene therapy and other fast-growing healthcare-related industries. Its top holdings section is dominated by some renowned med-tech names. The industry is estimated to record $210.00 billion in 2024, according to Statista.&nbsp;
Going forward, a steady annual growth rate (CAGR 2024-2029) of 4.87% is expected for the industry, resulting in a market volume of $266.40 billion by 2029. Meanwhile, the big pharma companies are coming up with new drug data.
<h3>India ETFs</h3>
iShares MSCI India Small-Cap ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/smin#BATS">SMIN</a>) &ndash; Up 7.2%
India&#39;s potential for growth makes it an attractive choice for investors. Strong private consumption is a plus for the fund. Additionally, an increasing workforce population and a surge in new business establishments are favorable. Prime minister Modi&#39;s win in the third term has finally boosted the stock market, though it initially slumped during the announcement of the election results.
<h3>Master Limited Partnerships&nbsp;ETFs</h3>
InfraCap MLP ETF (ARCA:AMZA) &ndash; Up 7%
The WTI crude ETF United States Oil Fund LP&nbsp;has advanced 4% in June. This has probably boosted MLP ETFs. MLPs catch investors&#39; eyes as these do not pay taxes at the entity level and are thus able to pay out most of their income (more than 90%) in the form of dividends like the REIT firms. The fund AMZA yields 7.30% annually.
If this was not enough, the Fed is likely to cut interest rates later this year. Since MLPs depend on a huge debt burden, if interest rates dive, MLPs will not have to pay higher for the huge chunk of borrowed money, which may, in turn, help them to raise/maintain their dividend payout ratio.
<h3>Magnificent Seven ETFs</h3>
Roundhill Magnificent Seven ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mags#NASDAQ">MAGS</a>) &ndash; Up 6.9%
The &quot;Magnificent Seven&quot; &mdash; which includes NVIDIA, Microsoft, Apple, Amazon, Alphabet, Meta and Tesla &mdash; has contributed to much of the stock market&#39;s rally. NVIDIA was up 7.6%, Apple gained 10.7%, Microsoft climbed 4.1%, Amazon added 6.2%, Alphabet inched up 3.4%, Meta jumped 6.3% and Tesla surged 12.3%.
<a href="https://www.zacks.com/stock/news/2296378/best-performing-etfs-by-sector-in-the-past-30-days?cid=CS-BENZ-FT-etf_news_and_commentary-2296378">To read this article on Zacks.com click here.</a>

Sector ETFs

Small Cap

ETFs

AMZA

MAGS

PINK

WGMI

Best Performing ETFs by Sector in the Past 30 Days

In a landscape teeming with global investment opportunities, one nation shines with resolute promise: India. In an exclusive interview with Benzinga, Jeremy Schwartz, global chief investment officer at WisdomTree, revealed compelling insights that position India as <a href="https://www.benzinga.com/topic/india">an investment powerhouse.</a>
<h2 class="wp-block-heading">What Sets India Apart</h2>
Among the developed and emerging markets, WisdomTree&#8217;s strategic vision spotlights India as one of its top picks alongside Japan. According to Schwartz, India &#8220;is positioned as the leader of emerging markets (EM).&#8221; What sets India apart is its undeniable dominance among the EMs which is propelled by robust population growth—a demographic dividend that fuels unparalleled GDP expansion, he notes.
Moreover, India&#8217;s economic prowess finds validation in its equity market performance, emerging as a frontrunner among its emerging market counterparts. 
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="626" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24082457/Screenshot-2024-04-24-at-5.54.42-PM.png" alt="" class="wp-image-306448" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24082457/Screenshot-2024-04-24-at-5.54.42-PM.png 626w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24082457/Screenshot-2024-04-24-at-5.54.42-PM-300x219.png 300w" sizes="(max-width: 626px) 100vw, 626px" /></figure>
<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Chart: Benzinga Pro</a>
<h2 class="wp-block-heading">Indian Equity Has Outperformed Other Emerging Markets</h2>
The Indian equity-tracking WisdomTree India Earnings Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPI#NYSE">EPI</a>) has returned 9.43% so far this year. Chinese equity-tracking iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and Brazilian equity-tracking iShares MSCI Brazil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWZ#NYSE">EWZ</a>) have returned +8.61% and -9.34% over the same period.
Schwartz also noted that &#8220;interest in China has become more contentious with geopolitical headwinds and sluggish economic growth&#8221; causing investor attention to pivot towards India, as investors seek stability and growth in an increasingly uncertain global landscape.
Schwartz draws attention to India&#8217;s investment appeal being validated by the sustained momentum of the WisdomTree EPI ETF. The fund has witnessed substantial inflows quarter after quarter since 2023. This surge in investor interest underscores the growing confidence in India&#8217;s economic trajectory and its burgeoning equity market potential.
For additional perspective, Indian-equity tracking ETFs have all delivered decent returns so far this year.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="626" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24083543/Screenshot-2024-04-24-at-6.05.03-PM.png" alt="" class="wp-image-306473" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24083543/Screenshot-2024-04-24-at-6.05.03-PM.png 626w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/24083543/Screenshot-2024-04-24-at-6.05.03-PM-300x219.png 300w" sizes="(max-width: 626px) 100vw, 626px" /></figure>
<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Chart: Benzinga Pro</a>
While the EPI has clearly led, returning 9.43% to investors so far this year, other funds such as the iShares MSCI India ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDA#NYSE">INDA</a>), the Franklin FTSE India ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLIN#NYSE">FLIN</a>), the iShares MSCI India Small-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMIN#NYSE">SMIN</a>) and the iShares India 50 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDY#NYSE">INDY</a>) have each returned 7.13%, 7.06%, 6.80% and 2.69%, respectively, YTD.
Also Read: <a href="https://benzinga.com/markets/asia/24/04/38177185/apples-pivot-from-china-gamble-pays-off-1-in-7-iphones-now-made-in-india">Apple&#8217;s Pivot-From-China Gamble Pays Off: 1 In 7 iPhones Now Made In India</a>
<h2 class="wp-block-heading">Schwartz Identifies A Pivotal Catalyst &#8211; Prime Minister Narendra Modi&#8217;s Success In The Spring Elections</h2>
A pivotal catalyst for India&#8217;s continued success lies in the upcoming spring elections in India.
&#8220;WisdomTree believes Prime Minister Narendra Modi's Bharatiya Janata Party looks like it will be successful in the upcoming spring election as well,&#8221; said Schwartz. This electoral victory would herald a stable environment conducive to further economic expansion and sustained equity market growth.
&#8220;We expect Prime Minister Modi to engage in further economic reforms that will continue his pro-business environment,&#8221; he added.
WisdomTree&#8217;s unwavering confidence in India&#8217;s economic resilience is underpinned by Modi&#8217;s pro-business agenda. According to Schwartz, his success should help usher a new era of economic reforms. 
As India embarks on this transformative journey, investors stand to reap the rewards of a burgeoning economy poised for exponential growth.
Read Next: <a href="https://www.benzinga.com/markets/asia/24/04/38205458/china-accounts-for-nearly-half-of-asia-pacific-gdp-while-india-is-a-bright-spot-economist-says-key-e">China Accounts For &#8216;Nearly Half Of Asia-Pacific GDP&#8217; While India Is A &#8216;Bright Spot,&#8217; Economist Says: Key ETFs To Watch</a>
Photo: Shutterstock

Asia

Emerging Markets

Emerging Market ETFs

Exclusives

Interview

FLIN

INDA

INDY

EXCLUSIVE: India To Lead Emerging Markets, Driven By Modi's 'Pro-Business Environment,' Says WisdomTree CIO

Steve Weiss On CNBC Said He Bought ETFs INDA, SMIN, INDY

<img alt="" src="https://thearorareport.com/wp-content/uploads/2024/01/2024-01-08_08h03_19.png" style="height:384px; width:700px" />
To gain an edge, this is what you need to know today.
<h4>Premature Victory</h4>
Please&nbsp;<a href="https://thearorareport.com/stock-market-chart-analysis-yellen-victory-bitcoin-spy-mc-01082024">click here</a>&nbsp;for a chart of SPDR S&amp;P 500 ETF Trust (NYSEARCA:SPY)&nbsp;which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul>
<li>The chart shows that the stock market is consolidating below the resistance zone but above the mini support zone.</li>
<li>RSI on the chart shows that the stock market is oversold in the very short term.&nbsp;Oversold markets tend to bounce.</li>
<li>Consider not paying attention to Dow Jones Industrial Average (DJIA) as represented by ETF SPDR Dow Jones Industrial Average ETF Trust (NYSEARCA: DIA) and instead focusing on S&amp;P 500.&nbsp; The reason is that Boeing Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>), a stock in DJIA, is down about 7% as of this writing in the premarket. BA&nbsp;stock is down due to an Alaska Air Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alk#NYSE">ALK</a>) plane 737 Max-9 experiencing a blowout incident with a door plug.</li>
<li>Treasury Secretary Yellen has declared victory.&nbsp;She tweeted, &ldquo;The American people, workers, and businesses have helped put us on a path to a soft landing.&nbsp; @POTUS&rsquo;s economic agenda is giving them the tools they need to grow the economy, including historic investments in infrastructure, clean technology, and semiconductors.&rdquo;</li>
<li>In The Arora Report analysis, Yellen is premature.&nbsp;The reason is the 40 year history of recessions that we have deeply studied.&nbsp;It is important for investors to understand how recession occurs and how every single time, a vast majority of investors are blindsided and lose money.&nbsp;To help those wanting next level knowledge, we are preparing a podcast.&nbsp; The podcast will be available in the Arora Ambassador Club.&nbsp;&nbsp;</li>
<li>There are two important conferences that will impact several stocks and may impact the overall stock market.
<ul>
<li>Consumer Electronics Show is taking place in Las Vegas.&nbsp;This time, the focus is on artificial intelligence.</li>
<li>JPMorgan Chase &amp; Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) Healthcare Conference is taking place in San Francisco.</li>
<li>The Arora Report will be keeping track of presentations in both conferences and provide signals if they are triggered.&nbsp;Buy signals will be in ZYX Buy, and short signals will be in ZYX Short.&nbsp; In the event a new major trend emerges, there may be a signal in ZYX Allocation.</li>
</ul>
</li>
<li>As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.&nbsp;Please scroll down to see the protection band.</li>
</ul>
<h4>India</h4>
The First Advance Estimate of India&rsquo;s GDP growth is 7.3% in the current fiscal year.&nbsp;This is slightly higher than 7.2% consensus.&nbsp;This puts India as the fastest growing large economy in the world.
ZYX Emerging has continuously covered India for 16 years.&nbsp;There are two India ETFs in ZYX Emerging Model Portfolio.&nbsp;India is the best large economy growth story for the long term.&nbsp;&nbsp;India small cap iShares MSCI India Small-Cap ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/smin#BATS">SMIN</a>) is in ZYX Emerging Specialty ETFs Model Portfolio.&nbsp;Members of ZYX Emerging who scaled into ETF&nbsp;SMIN&nbsp;when it dipped into the Buy Zone in 2023 gained 44% in less than nine months.
<h4>Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>),&nbsp;and NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>).
In the early trade, money flows are mixed in SPDR S&amp;P 500 ETF Trust (NYSEARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h4>Bitcoin</h4>
This is a key week for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).&nbsp; Investors are expecting a bitcoin ETF approval as early as tomorrow.&nbsp; Here is the key question for investors: Will bitcoin ETF approval be a sell the news event?&nbsp; There is also a risk that the SEC may not approve a bitcoin ETF.&nbsp;The consensus is that the SEC will approve several bitcoin ETFs at the same time.
<h4>Markets</h4>
Our very, very short-term early stock market indicator is &#128274;.&nbsp;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.
<h4>Protection Band And What To Do Now</h4>
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 &#128274; in cash or Treasury bills or allocated to short-term tactical trades; and short to medium-term hedges of &#128274;, and short term hedges of &#128274;. 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.&nbsp; 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.&nbsp; 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.&nbsp;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.&nbsp; High beta stocks are the ones that move more than the market.
<h4>Traditional 60/40 Portfolio</h4>
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 seven year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls.&nbsp; The Arora Report correctly called the 2008 financial crash, the start of a mega bull market in 2009, the COVID crash, the post-COVID bull market, and the 2022 bear market.&nbsp; Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>. 
This article is from an external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Yellen Declares Victory - Stock Market Cheers, Key Week For Bitcoin

To gain an edge, this is what you need to know today.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2023/12/2023-12-06_08h29_32.png" style="height:349px; width:624px" />
<h3>Goldilocks</h3>
Please&nbsp;<a href="https://thearorareport.com/stock-market-chart-analysis-rate-cut-anticipation-adp-data-dax-mc-12062023">click here</a>&nbsp;for a chart of Germany&rsquo;s DAX futures (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dax#NASDAQ">DAX</a>).
Note the following:
<ul>
<li>Germany is the economic engine of Europe.</li>
<li>The chart shows a very strong stock rally in Germany.</li>
<li>RSI on the chart shows that after the strong rally, stocks have become overbought.</li>
<li>The chart shows that technical resistance is ahead.</li>
<li>In The Arora Report analysis, consensus is building among investors that the European Central Bank (ECB) will cut rates six times by a quarter point each in 2024.&nbsp;&nbsp;</li>
<li>In The Arora Report analysis, there is a high probability of ECB beginning rate cuts before the Fed.&nbsp;&nbsp;</li>
<li>The newly released&nbsp;Automatic Data Processing Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adp#NASDAQ">ADP</a>)&nbsp;data supports a Goldilocks economy.&nbsp;ADP&nbsp;is the largest payroll processor in the country and uses its data to give an advanced glimpse of the jobs picture ahead of the official jobs report that will be released on Friday at 8:30am ET.
<ul>
<li>ADP&nbsp;employment change came at 103K&nbsp;vs. 127K&nbsp;consensus.</li>
</ul>
</li>
<li>There is more good news for the stock market but not so much for working people.
<ul>
<li>Q3 Unit Labor Costs-Rev. came at -1.2% vs. -0.8% consensus. Unit labor costs going down is a big positive for the stock market.&nbsp;&nbsp;</li>
</ul>
</li>
<li>Productivity in the&nbsp;U.S. has taken a remarkable jump.
<ul>
<li>Q3 Productivity-Rev. came at 5.2% vs. 4.8% consensus.</li>
</ul>
</li>
<li>The increase in productivity and the decline in unit labor costs are great news for the&nbsp;U.S. as a country and for the stock market.&nbsp;Expect gurus to spin this data as increased productivity due to artificial intelligence.&nbsp;Don&rsquo;t fall for it.&nbsp;Artificial intelligence has not yet become pervasive in the&nbsp;U.S. economy.&nbsp;However, artificial intelligence will become pervasive over the coming seven years, and it will further boost productivity.&nbsp; A&nbsp;fortune is to be made over the next seven years in <a href="https://thearorareport.com/artificial-intelligence-gwn">artificial intelligence</a>.</li>
<li>As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents.&nbsp;Please scroll down to see the protection band.</li>
</ul>
<h3>For The First Time Ever</h3>
We have been sharing with you that India represents one of the best large economy opportunities outside the&nbsp;U.S. for long term investors.&nbsp;We recently shared with you the recent election results and our analysis that it was very positive.&nbsp;Now, for the first time ever, the Indian stock market&rsquo;s total capitalization has hit $4 trillion.
ZYX Emerging has covered India for 16 years in its Core Model Portfolio.&nbsp;In addition to the Core Model Portfolio, ZYX Emerging also has a separate portfolio of specialty ETFs.&nbsp;One of the specialty ETFs representing small caps in iShares MSCI India Small-Cap ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/smin#BATS">SMIN</a>) is up 31.2% year to date.
<h3>Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>), Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>).
<h3>Momo Crowd And Smart Money In Stocks</h3>
The momo crowd is aggressively buying stocks in the early trade.&nbsp;Smart money is &#128274; stocks in the early trade.&nbsp;To see the locked content, <a href="https://thearorareport.com/sub">please click here to start a free trial</a>.
<h3>Gold</h3>
The momo crowd is buying gold in the early trade.&nbsp;Smart money is &#128274;&nbsp;gold in the early trade.
For longer term, please see gold and silver ratings.
The most popular ETF for gold is SPDR Gold Trust (ARCA:GLD). The most popular ETF for silver is iShares Silver Trust (ARCA:SLV).&nbsp;
<h3>Oil</h3>
API crude inventories came at a build of 0.594M&nbsp;barrels vs. a consensus of a draw of 2.267M&nbsp;barrels.
The momo crowd is selling oil in the early trade.&nbsp;Smart money is &#128274;&nbsp;in the early trade.
For longer-term, please see oil ratings.
The most popular ETF for oil is United States Oil ETF (ARCA:USO).
<h3>Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has crossed $44,000 as of this writing.
<h3>Markets</h3>
Our very, very short-term early stock market indicator is &#128274;.&nbsp;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.
<h3>Protection Band And What To Do Now</h3>
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 &#128274; in cash or Treasury bills or allocated to short-term tactical trades; and short to medium-term hedges of &#128274;, and short term hedges of &#128274;. 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.&nbsp;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.&nbsp;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.&nbsp;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.&nbsp;High beta stocks are the ones that move more than the market.
<h4>Traditional 60/40 Portfolio</h4>
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 seven year duration or less.&nbsp;Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls.&nbsp;The Arora Report correctly called the 2008 financial crash, the start of a mega bull market in 2009, the COVID crash, the post-COVID bull market, and the 2022 bear market.&nbsp; Please click here to sign up for a free Forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.

Eurozone

Economics

Tech

Investors Anticipate Six Rate Cuts In Europe, ADP Data Supports Goldilocks, Unit Labor Costs Fall

Signal(s) to enter, add, reduce, exit, hold or change.
<img alt="" src="https://thearorareport.com/wp-content/uploads/2023/09/2023-09-25_13h52_28.png" style="height:288px; width:624px" />
India represents an opportunity for long term investors.&nbsp;However, India is a developing market.&nbsp;It is important to follow billionaire techniques as encapsulated in Trade Management Guidelines by The Arora Report to do exceptionally well as an investor, especially in emerging markets.
<h3>The Chart</h3>
Please&nbsp;<a href="https://thearorareport.com/stock-market-chart-analysis-india-small-caps-smin-iwm-09252023">click here</a>&nbsp;for a chart that compares India Small Caps ETF&nbsp;iShares MSCI India Small-Cap ETF&nbsp;(BATS: <a class="ticker" href="https://www.benzinga.com/stock/smin#BATS">SMIN</a>) to&nbsp;U.S. Small Cap ETF&nbsp;iShares Russell 2000 ETF&nbsp;(ARCA: IWM).&nbsp;Note the following:
<ul>
<li>The chart shows that year to date, small caps in India have outperformed small caps in the&nbsp;U.S. by 18.2%.</li>
<li>Small caps are often more inefficient than large caps due to lack of analyst coverage.&nbsp;For this reason, for prudent long term investors, small caps often provide a better opportunity than large caps.</li>
<li>India represents a large opportunity in small caps.</li>
</ul>
<h3>Apple News</h3>
Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is increasing production in India.&nbsp;iPhone 15s made in India were available for launch day, which is progress from over last year when made in India iPhones were available after a delay.
There are indications that Apple intends to increase production in India to approximately $40B by 2028.
In The Arora Report analysis, while Apple has not yet shared plans to manufacture iPads and MacBooks in India, Apple will likely begin making AirPods in India next year.
<h3>Magnificent Seven</h3>
Among the Magnificent Seven stocks, Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is exploring major investments in India.&nbsp;Alphabet Inc Class C (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>), Microsoft Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Amazon.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) and Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) already have major investments in India.&nbsp;Expect them to add to their investments in India.
<h3>Manufacturing Powerhouse</h3>
We previously shared with you that manufacturing is moving out of China and into India.&nbsp;India wants to be a manufacturing powerhouse.
<h3>Challenges</h3>
At present, India must overcome two hurdles to become a manufacturing powerhouse.
<ul>
<li>India does not have a strong supply chain for materials comparable to China&rsquo;s strong supply chain.</li>
<li>India does not have a trained workforce on par with China.</li>
</ul>
On a positive note, India is rapidly training new workers and has a young demographic.
<h3>Technicals</h3>
In the short term, technicals are overbought.&nbsp;This means that investors need to be patient and wait for a pullback in the buy zone.
<h3>Valuation</h3>
One of the risks investors should be aware of is that India is an expensive market.&nbsp;This is due to great long term growth prospects.&nbsp;This is also another reason to buy only on a pullback in the buy zone.
<h3>Opportunity</h3>
In The Arora Report analysis, India is one of the best opportunities in large economies for the long term.&nbsp;In the short term, India is overbought and expensive.
<h3>Small Caps</h3>
Small caps are doing well.&nbsp; In The Arora Report analysis, they will continue to do well.&nbsp;In India, over the long term, small caps may perform better than large caps.
<h3>ETFs Of Choice</h3>
ETFs for investing in India are:
<ul>
<li>VanEck Digital India ETF&nbsp;(ARCA: DGIN)</li>
<li>WisdomTree India Earnings ETF&nbsp;(ARCA: EPI)</li>
<li>Franklin FTSE India ETF&nbsp;(ARCA: FLIN)</li>
<li>VanEck India Growth Leaders ETF&nbsp;(ARCA: GLIN)</li>
<li>Columbia India Consumer ETF&nbsp;(ARCA: INCO)</li>
<li>iShares MSCI India ETF&nbsp;(BATS: <a class="ticker" href="https://www.benzinga.com/stock/inda#BATS">INDA</a>)</li>
<li>Nifty India Financials ETF&nbsp;(ARCA: INDF)</li>
<li>Direxion Daily MSCI India Bull 2X Shares&nbsp;(ARCA: INDL)</li>
<li>iShares India 50 ETF&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indy#NASDAQ">INDY</a>)</li>
<li>India Internet &amp; Ecommerce ETF&nbsp;(ARCA:&nbsp;INQQ)</li>
<li>WisdomTree India ex-State-Owned Enterprises Fund&nbsp;(ARCA: IXSE)</li>
<li>First Trust India Nifty 50 Equal Weight ETF&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nfty#NASDAQ">NFTY</a>)</li>
<li>Invesco India ETF (ARCA: PIN)</li>
<li>iShares MSCI India Small-Cap ETF&nbsp;(BATS: <a class="ticker" href="https://www.benzinga.com/stock/smin#BATS">SMIN</a>)</li>
</ul>
The Arora Report call is to focus on&nbsp;EPI&nbsp;and SMIN.
Prudent investors should be patient and wait for a pullback.
<h3>EPI&nbsp;Zones</h3>
The buy zone is ***.&nbsp;To see the locked content, <a href="https://thearorareport.com/sub">please click here to start a free trial</a>.
The short term rating is ***.
The medium term rating is ***.
The long term rating is a ***.
<h3>SMIN&nbsp;Zones</h3>
The buy zone is ***.
The short term rating is ***.
The medium term rating is ***.
The long term rating is a ***.
<h3>What To Do Now</h3>
Those in India ETF&nbsp;EPI&nbsp;or India Small Caps ETF&nbsp;SMIN&nbsp;who have taken partial profits taking advantage of the strength may consider continuing to hold.
Those who have not taken partial profits may consider taking partial profits.
Those not in&nbsp;EPI&nbsp;or&nbsp;SMIN&nbsp;may consider following the parameters given above.
The Arora Report is known for its accurate calls.&nbsp;The Arora Report correctly called the 2008 financial crash, the start of a mega bull market in 2009, the COVID crash, the post-COVID bull market, and the 2022 bear market.&nbsp; Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter">Generate Wealth Newsletter</a>.&nbsp;

NFTY

India: Apple Creating Opportunity For Investors In Up And Coming Manufacturing Powerhouse

To say emerging markets equities and exchange traded funds have been jilted be the stronger U.S. dollar and increased speculation that a rate hike by the Federal Reserve is imminent is an understatement.

	If not for a plethora of commodities-related ETFs, emerging markets funds would have a heavy a footprint among the worst-performing ETFs over the past several months. As it is, an average loss of 14.3 percent over the past 90 days for the Vanguard FTSE Emerging Markets ETF (NYSE: <a class="ticker" href="/stock/vwo#NYSE">VWO</a>) and the iShares MSCI Emerging Markets ETF (NYSE: <a class="ticker" href="/stock/eem#NYSE">EEM</a>), the two largest emerging markets ETFs by assets, is not going to illicit confidence among investors.

	As some single-country ETFs are proving --&nbsp;<a href="http://www.benzinga.com/trading-ideas/long-ideas/15/07/5715330/resisting-the-temptation-of-the-brazil-etf-bounce">think Brazil funds</a>&nbsp;--&nbsp;isolating individual developing economies has proven no more efficacious than investing in diversified funds such as EEM and VWO. Slack performances by emerging markets ETFs tracking stocks from Bangkok to Sau Paulo to Warsaw are prompting investors to think 2015 is a sequel 2013&#39;s &ldquo;taper tantrum&rdquo; when emerging equities were punished on rate hike fears.

	&ldquo;But even if we see a similar pattern this time around, it&rsquo;s important to remember that not all emerging markets are created equal. Emerging markets have become an increasingly heterogeneous asset class, and I believe those emerging economies with the following characteristics are better positioned than others to withstand capital withdrawal from financial investments,&rdquo; said BlackRock Chief Investment Strategist Russ Koesterich <a href="http://www.blackrockblog.com/2015/08/07/emerging-markets-positioned-withstand-fed-hike/?utm_source=blog&amp;utm_medium=hero&amp;utm_campaign=hero">in a recent note</a>.
<h3>
	Importers</h3>

	One avenue for playing emerging markets endorsed by Koesterich is with countries that are commodities importers. Among developing economies, there is no bigger commodities importer than India. Perhaps that explains why the WisdomTree India Earnings ETF (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>) is up almost 3 percent over the past 90 days, a period in which the largest Brazil ETF has plunged almost 27 percent.

	<a href="http://www.benzinga.com/trading-ideas/long-ideas/15/08/5730466/a-pleasant-surprise-among-emerging-market-etfs">As Benzinga reported</a> earlier this month, India small-cap ETFs, such as the Market Vectors India Small-Cap Index ETF (NYSE: <a class="ticker" href="/stock/scif#NYSE">SCIF</a>) and the iShares MSCI India Small-Cap ETF (BATS: SMIN), have been surging in recent weeks, soundly outperforming other single-country emerging markets.

	Other developing nations that have the potential to weather hawkish changes in Fed policy are those with ample foreign currency reserves and current account surpluses.

	&ldquo;One example of a market better positioned to withstand capital withdrawals is Malaysia, which has amassed a current account surplus and significant foreign exchange reserves thanks to export-driven economic growth. International Monetary Fund and World Bank data show that since 2005, Malaysian current account-to-gross domestic product (GDP) and foreign exchange-to-GDP measures have consistently beaten an average of 21 large emerging market economies on a quarterly basis,&rdquo; notes Koesterich.

	Other examples include South Korea and Taiwan. However, highlighting the turbulent environment faced by emerging markets investors, the iShares MSCI Malaysia ETF (NYSE: <a class="ticker" href="/stock/ewm#NYSE">EWM</a>), iShares MSCI South Korea Capped ETF (NYSE: <a class="ticker" href="/stock/ewy#NYSE">EWY</a>) and the iShares MSCI Taiwan ETF (NYSE: <a class="ticker" href="/stock/ewt#NYSE">EWT</a>) have posted an average three-month loss of 15.6 percent.

	All three of those ETFs hit 52-week lows last Friday and in the case of EWY and EWT, those funds are being hindered by slack performances by technology giants. Samsung is dragging EWY lower while <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/08/5735542/cashing-in-the-pot-on-chip-etfs">faulty fundamentals in the semiconductor</a> space are plaguing EWT, an ETF that devotes almost 23 percent of its weight to Taiwan Semiconductor (NYSE: <a class="ticker" href="/stock/tsm#NYSE">TSM</a>).

Short Ideas

Intraday Update

SCIF

These Emerging Markets ETFs Could Endure Fed Rate Hikes

Broadly speaking, these are not the best of times for emerging market exchange traded funds. Things are so bad that 22 emerging markets funds hit 52-week lows on Monday. Since the star of the current quarter, the iShares MSCI Emerging Markets ETF (NYSE: <a class="ticker" href="/stock/eem#NYSE">EEM</a>) has bled nearly $2.5 billion in assets.

	However, there is some light among the darkness and it comes courtesy of Indian small-caps.

	India large-cap ETFs have been significantly better or less bad than other single-country and diversified emerging markets ETFs over the past month, but funds such as the Market Vectors India Small-Cap Index ETF (NYSE: <a class="ticker" href="/stock/scif#NYSE">SCIF</a>), EGShares India Small Cap Fund (NYSE: <a class="ticker" href="/stock/scin#NYSE">SCIN</a>) and the iShares MSCI India Small-Cap ETF (BATS: SMIN) <a href="http://www.benzinga.com/news/earnings/15/08/5726776/a-look-ahead-consumer-discretionary-and-greek-etfs-to-watch-this-week">have legitimately impressed</a>.

	Related Link: <a href="http://www.benzinga.com/news/earnings/15/08/5726776/a-look-ahead-consumer-discretionary-and-greek-etfs-to-watch-this-week">A Look Ahead: Consumer Discretionary And Greek ETFs To Watch This Week</a>

	While the MSCI Emerging Markets Index has tumbled 5.6 percent over the past month, the aforementioned trio of India small-cap ETFs posted an average return of almost 5.5 percent. This is not unfamiliar territory for India ETFs, which were the shining stars of the BRIC quartet last when emerging markets equities slumped.

	In the near term, India ETFs could pullback following the Reserve Bank of India&#39;s decision Tuesday to hold interest rates at 7.25 percent, but the central bank has obliged with three rate cuts earlier this year, at least two of which can be considered surprises.

	Interestingly, the gains for Indian small-caps over the past month arrived as investors pulled $35 million from Indian stocks last month, still a scant percentage of the $7.1. billion that has flowed into stocks in Asia&#39;s third-largest economy this year, according to <a href="http://www.bloomberg.com/news/articles/2015-08-04/indian-stock-futures-fluctuate-before-interest-rate-decision">Bloomberg</a>.
<h3>
	Divergent Returns</h3>

	Significant differences between the India small-cap ETFs tell the story of divergent returns. For example, the Market Vectors India Small-Cap Index ETF features a 21.2 percent to consumer discretionary stocks, leveraging the ETF to India&#39;s burgeoning consumer story. SMIN, the iShares offering, is also a play on India&#39;s resurgent domestic economy with a 44.3 percent allocation to financial services and industrial names. The EGShares India Small Cap ETF devotes over half its weight to financial stocks and industrials.

	A <a href="http://www.moneycontrol.com/news/market-outlook/midcaps-small-caps-to-outperform-near-term-dsp-blackrock_1934321.html">BlackRock fund manager</a> recently sounded a bullish tone on Indian non-bank financials and select sub-sectors of the industrial space. Though the fund manager did not mention the ETFs highlighted here, institutional support for Indian small-caps should drive the likes of SCIF, SCIN and SMIN higher.

	Indian small-caps are not a bump-free ride. For example, SCIF has a three-year standard deviation of almost 32 percent, or 2 1/2 times that of the MSCI Emerging Markets Index. However, Indian small-cap, at least as measured by SCIF and SCIN, are not excessively valued. SCIF sports a price-to-earnings ratio <a href="http://www.vaneck.com/market-vectors/equity-etfs/scif/Portfolio-Analytics/">of just 11</a>,&nbsp;while SCIN&#39;s price-to-book ratio is just 1.16.

Emerging Global Shares INDXX India Small Cap Fund

SCIN

A Pleasant Surprise Among Emerging Market ETFs

Shares of the following <a href="http://www.benzinga.com/etfs">exchange traded funds</a> are trading more than 18 percent higher than 90 days ago, and they are within 10 percent of their 52-week highs.
 This set of ETFs provides a peek at areas of investor interest in the wake of market-shaping news like the harsh winter, historic elections in India, rising Middle East tensions, and the sputtering U.S. economy.
EGShares India Infrastructure (NYSE: <a class="ticker" href="/stock/inxx#NYSE">INXX</a>) is trading around 45 percent higher year to date, though is it down more than six percent from the recent 52-week high. Infrastructure spending in <a href="http://www.benzinga.com/topic/india">India</a> is projected to be US$1 trillion between 2012 and 2017, and economists expect the economy there to rebound faster than other major emerging markets. 
The non-diversified fund seeks results that correspond generally to the price and yield performance of the INDXX India Infrastructure Index. At least 80 percent of its net assets usually are invested in the Indian infrastructure companies that make up the underlying index. The investment's top holdings include Bombay-traded Bharat Heavy Electricals and Larsen &amp; Toubro.
See also: <a href="http://www.benzinga.com/etfs/sector-etfs/14/06/4668768/chinese-tech-and-mlp-etfs-on-a-tear">Chinese Tech And MLP ETFs On A Tear</a>
EGShares India Small Cap (NYSE: <a class="ticker" href="/stock/scin#NYSE">SCIN</a>) has risen nearly 55 percent since the beginning of the year but pulled back about five percent from a multiyear high earlier this month. Investors were encouraged by the win of Narendra Modi and the Bharatiya Janata Party in the general election held in mid-May.
This non-diversified fund seeks investment results that generally correspond to the price and yield performance of the INDXX India Small Cap Index. Generally at least 80 percent of its net assets are invested in Indian small market capitalization companies included in the underlying index. Top holdings include Bombay-traded YES Bank, Federal Bank and Cummins India.
iShares MSCI India Small-Cap (NYSE: <a class="ticker" href="/stock/smin#NYSE">SMIN</a>) is more than 60 percent higher than at the beginning of the year and also reached a multiyear high in early June. Some of the best performing ETFs in 2014 are those focused on companies from India, the world's 10th largest economy.
The non-diversified fund seeks to track the investment results of the MSCI India Small Cap Index, which is designed to measure the performance of equity securities of small-cap companies with a market capitalization that represents the bottom 14 percent of companies in the Indian securities market. Top holdings in this ETF include Bombay-traded Aurobindo Pharma and Bharat Forge.
Market Vectors India Small-Cap ETF (NYSE: <a class="ticker" href="/stock/scif#NYSE">SCIF</a>) is up around 69 percent year to date though it has pulled back about four percent from a recent multiyear high. The new government has gone on the attack on food costs, and the rate of inflation has slowed, but ETF investors are waiting for more.
See also: <a href="http://www.benzinga.com/etfs/broad-u-s-equity-etfs/14/06/4667402/how-to-replace-stodgy-mutual-funds-with-etfs">How To Replace Stodgy Mutual Funds With ETFs</a>
The non-diversified investment seeks to replicate as closely as possible the price and yield performance of the Market Vectors India Small-Cap Index. The fund now intends to achieve its investment objective by investing substantially all of its assets in the Subsidiary, a wholly-owned subsidiary located in the Republic of Mauritius. Top holdings include Bombay-traded Apollo Tyres and Ramco Cements.
WisdomTree India Earnings Index (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>) is about 34 percent higher since the beginning of the year, but now down about four percent from the recent multiyear high. Since the beginning of the second quarter, this ETF has seen inflows of around $494 million.
The investment seeks to track the price and yield performance of the WisdomTree India Earnings Index, which is comprised of companies incorporated and traded in India that are profitable and that are eligible to be purchased by foreign investors. Top holdings include Bombay-traded Reliance Industries.
iShares MSCI Turkey Investable Market Index (NYSE: <a class="ticker" href="/stock/tur#NYSE">TUR</a>) is trading more than 38 percent higher than the 52-week low reached in early February, but it has retreated about seven percent from a 52-week high earlier in June. 
This non-diversified investment seeks to track the investment results of the MSCI Turkey Investable Market Index, which is a free float-adjusted market capitalization index designed to measure broad-based equity market performance in Turkey. The fund's inception date was March 26, 2008.
At the time of this writing, the author had no position in the mentioned equities.
Keep up with all the latest breaking news and trading ideas by following us on <a href="https://twitter.com/Benzinga ">Twitter</a>.

Emerging Global Shares INDXX India Infrastructure Index Fund

INXX

iShares MSCI Turkey Investable Market Index Fund

5 India (And 1 Other) ETFs On A Roll

The world’s largest election results are official.

	The opposition party, Bharatiya Janata, was victorious with Narendra Modi becoming the nations next leader. This election is important on many levels, but in the eyes of the world it is encouraging to see democracy reign.

	India is the world’s largest democracy and with 1.2 billion people it has one-sixth of the entire population of the world within its borders.

	As far as the business world is concerned, the new leader has a pro-business agenda and with a large number of talented workers leaving the country, this may shift them back to India.

	The potential is there for the Indian economy and if the stock market is a gauge, investors around the world are excited for the country’s future.

	The major Indian stock indices have been rallying all week and hit a new all-time high on Friday after the announcement.

	Related: <a href="http://www.benzinga.com/etfs/new-etfs/14/05/4554897/two-unique-middle-east-etfs-begin-trading-uae-qat-gulf">Two Unique Middle East ETFs Begin Trading (UAE, QAT, GULF)</a>

	Indian ETFs

	The three largest India ETFs by asset size are the WisdomTree India Earnings ETF (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>), iShares India 50 ETF (NYSE: <a class="ticker" href="/stock/indy#NYSE">INDY</a>), and the iShares MSCI India ETF (NYSE: <a class="ticker" href="/stock/inda#NYSE">INDA</a>). All three are hitting new multi-year highs to end the week with a flurry.

	While all three invest in mainly large-cap Indian stocks, their approach varies as have the returns. Over the last 12 months INDA leads the way with a gain of 19 percent versus a gain of 14 percent for EPI and 11 percent for INDY.

	INDA is a basket of 70 mainly large-cap stocks with a heavy emphasis on financials, IT and energy. INDA is the 50 largest Indian stocks and has a lot less emphasis on the energy sector. EPI uses a fundamental approach to choosing the stocks that go into the portfolio with more emphasis fundamentally sound companies.

	There are also ETFs that invest in the small-cap portion of the Indian stock market. The Market Vectors India Small-Cap ETF (NYSE: <a class="ticker" href="/stock/scif#NYSE">SCIF</a>) is breaking out to a new yearly high, but is only up nine percent over the last year and is well off its high set in 2010. The iShares MSCI India Small-Cap ETF (NYSE: <a class="ticker" href="/stock/smin#NYSE">SMIN</a>) was up 16 percent in the last year and is trading at its highest level since its inception in mid-2012.

	Investors must put the situation in perspective and realize that many of the ETFs are up nearly 10 percent in the last 10 days and that there could be some profit taking in the coming days. There is no reason to chase the ETFs at this point considering the initial move is complete. The investor that has a longer-term view should be looking to buy into any pullbacks.

Indian ETFs Rally On Election Victory (EPI, INDY, INDA, SCIF, SMIN)

Big winners (up at least 5%): ProShares Ultra Silver (NYSE: <a class="ticker" href="/stock/agq#NYSE">AGQ</a>), Direxion Daily Real Estate Bull 3X Shares (NYSE: <a class="ticker" href="/stock/drn#NYSE">DRN</a>), Direxion Daily India Bull 3X Shares (NYSE: <a class="ticker" href="/stock/indl#NYSE">INDL</a>) and the Direxion Daily Latin America Bull 3X Shares (NYSE: <a class="ticker" href="/stock/lbj#NYSE">LBJ</a>).

	Big losers (down at least 5%): ProShares UltraShort Silver (NYSE: <a class="ticker" href="/stock/zsl#NYSE">ZSL</a>), Direxion Daily Real Estate Bear 3X Shares (NYSE: <a class="ticker" href="/stock/drv#NYSE">DRV</a>) and the iPath Global Carbon ETN (NYSE: <a class="ticker" href="/stock/grn#NYSE">GRN</a>).

	Unusual Volume (at least 5X ADV): PowerShares DB Base Metals Short ETN (NYSE: <a class="ticker" href="/stock/bos#NYSE">BOS</a>), iShares Barclays CMBS Bond ETF (NYSE: <a class="ticker" href="/stock/cmbs#NYSE">CMBS</a>), PowerShares S&amp;P Emerging Markets High Beta (NYSE: <a class="ticker" href="/stock/eehb#NYSE">EEHB</a>), iShares MSCI New Zealand Investable Market ETF (NYSE: <a class="ticker" href="/stock/enzl#NYSE">ENZL</a>), EGShares India Consumer ETF (NYSE: <a class="ticker" href="/stock/inco#NYSE">INCO</a>) and the iShares MSCI India Small Cap ETF (BATS: SMIN).

	Today's ETF must reads:

	Say good-bye to <a href="http://www.benzinga.com/news/13/09/3893529/egshares-to-liquidate-12-of-its-etfs">these 12 emerging markets ETFs</a>.

	Bloomberg: Malaysia is now riskier than <a href="http://www.bloomberg.com/news/2013-09-05/malaysia-risk-tops-philippines-on-najib-budget-gap.html">this Asian hot spot</a>.

	Skirt rising interest rates <a href="http://www.etftrends.com/2013/09/internet-etfs-a-rising-rates-sanctuary/">with Facebook, Amazon and friends</a>.

	America's "retardedly distorted labor regime" <a href="http://www.thereformedbroker.com/2013/09/06/chart-o-the-day-our-new-part-time-economy/">in focus here</a>.

	Herbalife, Oil ETFs <a href="http://allstarcharts.com/fridays-with-pearlman/">and emerging markets</a> oh my.

	Free tips on <a href="http://www.benzinga.com/trading-ideas/long-ideas/13/09/3892134/diversified-emerging-markets-etfs-with-rebound-potential">emerging markets ETFs</a>.

	Don't forget to contact me on Twitter <a href="https://twitter.com/ETFProfessor1">@ETFProfessor1</a> to have content included in Mandatory ETF Reading.

Broad U.S. Equity ETFs

Specialty ETFs

New ETFs

Currency ETFs

After-Hours Center

CMBS

Direxion Daily Real Estate Bull 3x Shares

EEHB

iShares MSCI New Zealand Investable Market Index Fund

ENZL

INCO

INDL

Benzinga's Mandatory ETF Reading for September 6, 2013

Asia's third-largest economy India was once an emerging markets darling. More recently, the country is home to slowing economic growth, crumbling infrastructure, <a href="http://www.benzinga.com/analyst-ratings/analyst-color/12/06/2658878/india-one-foot-out-the-door-of-the-brics-house-epi-pin-s">a tenuous hold on an investment-grade credit rating</a> and a government that has been accused of doing nothing to address any of those issues.

However, India may still be teeming with profitable opportunities for savvy investors. For example, the country's <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/07/2792665/these-etfs-could-benefit-from-the-indian-blackout">infrastructure needs</a> could prove to be a valid investment thesis in the coming years. 

It might seem implausible that any ETF <a href="http://www.benzinga.com/trading-ideas/long-ideas/11/09/1950812/five-india-etfs-your-broker-forgot-to-mention">tracking India could lead an anonymous existence</a>. Yet that is the case with a few of the funds tracking this erstwhile emerging markets star.

Investors might do well to familiarize themselves with the following lesser-known India ETFs:

iShares MSCI India Small Cap Index Fund (BATS: SMIN)
The iShares MSCI India Small Cap Index Fund debuted in February, meaning the fund only caught the tail-end of the early 2012 run higher by India ETFs. In addition, SMIN entered an arena loaded with competition where the the EGShares India Small-Cap ETF (NYSE: <a class="ticker" href="/stock/scin#NYSE">SCIN</a>) and the Market Vectors India Small-Cap ETF (NYSE: <a class="ticker" href="/stock/scif#NYSE">SCIF</a>) were established as the top choices for investors looking for exposure to Indian small-caps.

Given that competition, investors may not be surprised that SMIN has struggled to attract assets. Still, it has a lower expense ratio than SCIN and SCIF. Moreover, SMIN has outperformed its two rivals over the past three months.

EGShares India Consumer ETF (NYSE: <a class="ticker" href="/stock/inco#NYSE">INCO</a>)
A consumer focus did not help the EGShares India Consumer ETF avoid the downdraft that hit the India space earlier this year. Investors may be growing tired of waiting for the emerging markets consumer theme to move from potentially to actually profitable. 

One notable characteristic of INCO <a href="http://www.benzinga.com/trading-ideas/long-ideas/12/04/2495923/3-etfs-for-akshaya-tritiya-gld-inco-inxx">is its sector allocations</a>. The fund offers some discretionary exposure but is heavy on staples. Personal goods and food stocks combine for 41 percent of the fund's weight. Beverage and tobacco names combine for another 16 percent. 

Risk with INCO is two-fold. The ETF is not heavily traded. Also, given the fund's exposure to food names, INCO would likely be vulnerable should inflation in India spike.

iShares MSCI India Index Fund (BATS: INDA)
As was the case with SMIN, INDA debuted in February and took on plenty of competition in the process. With $18.3 million in assets under management, INDA has been decent at attracting investors. But the fund still has far less assets than the WisdomTree India Earnings ETF (NYSE: <a class="ticker" href="/stock/epi#NYSE">EPI</a>) and the PowerShares India Portfolio (NYSE: <a class="ticker" href="/stock/pin#NYSE">PIN</a>). 

An ETF that faces as much established competition as INDA likely must stand out if to attract assets. INDA has done that by outperforming some of its larger rivals and by having a lower expense ratio than EPI and PIN.

For more on India ETFs, click <a href="http://www.benzinga.com/trading-ideas/long-ideas/11/09/1950812/five-india-etfs-your-broker-forgot-to-mention">here</a>.

Small Cap Analysis

Global

3 More India ETFs Your Broker Forgot to Mention

Emerging Market Growth Decelerates In August While Price Pressures Ease

Markets Weekly Outlook - Will The NFP Report Validate Rate Cut Optimism?

Emerging Markets: 5 Opportunities For Equity Investors

Q4 2024 Global Outlook Update

The Opportunity In Emerging Markets Is Growing

BRICS eyes challenging Western dominance, but will it be successful?

International Stocks May Finally Be Poised For A Breakout

India: 6 Insights For Emerging Markets Debt Investors

SMIN: High Growth-High Price, Spotting A Better Entry (Rating Downgrade)

India's Gold Market Update: Festive Buying Holds Ground In The Face Of High Prices

Comments

Ishares MSCI India Small Cap ETF

Intérêt court

Ishares MSCI India Small Cap ETF (BATS:SMIN), Rapport sur les intérêts à découvert

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL