Dear Members,
It was a fantastic call to stay away from the market from the 2nd of April. We had also predicted that the Solar Eclipse on the 8th of April could be dangerous for the US market, as it was a total eclipse for North America. We also mentioned that the 14th of April could be a dangerous day for the market, and that was the day that Iran attacked Israel. We also mentioned that the market will bottom out and that it will be safe to buy it from the 22nd to the 25th of April, which is this week.
This week we are recommending traders to go into buying mode on any weakness in the market. One must read the weekly and daily newsletter very carefully, as our lower side level has been achieved. The maximum risk on the lower side is 1%, and on the higher side, there is potential for it to move 7% higher.
In last week’s letter, we recommended closing all long positions in metals on Friday as we saw sharp weakness from this week, and so far during the Asian and European trading sessions the market started trading weakly. Read our Weekly and Daily letters carefully, or you can subscribe to just the metals section (on a daily or weekly basis) to view the daily and weekly ranges and strategies. We are not recommending any major buying in metals at this stage, but on the lower side one can cover the short positions.
Oil has been trading negatively and we don’t recommend touching Oil at all as it is heading towards a new low.
Corn and Wheat are good buys.
Get ready to buy Coffee if it falls to $219.
Get ready to take aggressive short positions in the USD if it goes to 106.88.
Build aggressive long positions in Thirty Year Bond around 114-00. It is a lifetime buying opportunity.
AMD, NVDA, ARM, SOXL, & MSFT are great bets, so do not miss this buying opportunity. If needed, I will send another update in a few days.
Thanks & God bless
Mahendra Sharma