Weekly Newsletter from 13-17 March
The worst time is ending for investors on the 14th of March as predicted and soon you will see the magic.
Dear Members,
We predicted an uncertain time will end on the 13th of March, and turn around magic date is the 14th of March, which is starting on Tuesday, but before that, many dramas happened on Wall Street with Powell, the JOB report, and the SVB bank collapsed in two days, creating panic all around. Traders started dumping everything, and investors started betting on UVXY and UVIX, and other bear ETFs. Mars in Taurus will end on Monday, so that’s a great sign of relief. However, we have to keep in mind that Monday and Tuesday are Scorpio Moon days, so volatility will continue in the markets. Remember that we may see a significant upward trend as the negativity will end on Monday. I have been predicting that a volatile time to end on the 13th of March, and so far, it’s proven to be accurate.
On Friday, gold and silver made big moves on the upside, and JNUG and NUGT also gained value. Gold and silver are holding our predicted levels.
On Friday, the Thirty-Year Bond a huge move on higher sides and closed above the 129-00. 123-00 as a buying level was proven profitable trade.
Grains like corn and wheat bottomed out on Friday. Soft acted mixed, but cotton went sharply lower.
Oil traded on both sides, and natural gas remained in a negative trading pattern; it’s a great time to buy around $2.41.
The dollar index lost further value; the dollar struggled to close above 105.88 as predicted.
Most of the bull ETFs and bull trades got hammered by a bearish trend in the market. This week, the March expiry will take place in futures and options in stocks and indexes, which may bring some more volatility. The bear may have the upper hand due to all the negative news, but the bear must remember that March will be changing houses on Monday morning in the Asian trading session, so the USA market will bring buyers back into the market. However, it is a Scorpio moon day, so some kind of uncertain news may keep coming throughout the day.
Next week, the FED will make decisions on the rates; we see only a 25-basis point hike. It’s a great time to build long positions in the market on any weakness throughout the week. Mars changing houses and Venus changing houses gave me enough confidence to walk on the bullish path.
Gold and silver started moving higher, clearly telling us that a nonstop rally in metals is getting set up, though don’t expect any major one-side rally until May 2023. Surely, for the next two months, precious metals will form a strong bottom that won’t be breached for many years.
Many great trades are coming; I would like to wait until Tuesday and then we shall take the bet. Trade light or play with options.
Important note: We don’t worry about all major events and negative news when the Astro cycle changes on the positive side. At this stage, the market is about to end the longer-term bear market which started last February. Mars changing houses will change everything, so start building longs and just ignore the FED’s decisions.
Many are betting on UVXY or UVIX; we are recommending closing all longs if you have built any; cover or withdraw all shorts and close all bear bets on the market.
Last week banking stocks lost further value. Fear has been dominating investors’ minds as many are talking about further weakness. SI, SIVB, and many financial and banking stocks started falling dramatically. SI Crypto-focused financial company collapsed, from a high of $240 to $2.50, and SIVB financing venture capitalist-focused bank collapsed from $738 to $30, it stopped trading on Friday. Many other financial stocks are having nightmares in the USA. SVB lost big value in the last five trading sessions. Many other banks’ stocks are struggling except JPM, which remained firm. The uncertainty pushed UVXY and VXIY sharply higher. Many good Banking stocks lost value along with ETFs so we will be focusing on buying many of the beaten banks which are not leveraged in speculative areas.
Let’s talk about the Weekly Letter from the 13th to the 17th of March 2023 for metals, indexes, currencies, energy, grains, softs, bond and Crypto in detail:
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Thanks & God Bless
Mahendra Sharma