Dear Members,
Here is a small part of this week’s weekly newsletter firm sections:
Weekly Newsletter from 5-9 June
A fantastic move in the market came…now for the few days commodities may gain momentum…
Dear Members,
It has been the most interesting three weeks for the market and investors the AI revolution has completely changed the outlook and thought process of Wall Street, Corporates, and Analysts. From the internet to apps (handheld devices), to the cloud, and now to AI, technology has been dramatically changing. A very interesting era has started, however, there will be some volatility before AI technology leads the world in a new direction.
Mars is one of the most unique planets because it represents, aggression, power, and war, and in the financial market, aggression can be on the bull or the bear side. As mentioned towards the end of the first week of May, we were concerned that Mars can ride the bull and kill all the bear bets, and we were so right because currently, the bear bets are getting killed. Many tech stocks are moving higher so aggressively that short sellers are getting forced to cut their bets, and those who are not cutting their short bets are mounting huge losses.
We have to remember that Mars is still in cancer, and as predicted it can bring some unexpected bad news, natural calamities, accidents, war situations getting worse, or sudden weakness in the financial market. The good news is that we are almost done with half of the Mars cycle, and now the latter half of the cycle is pending, which will be ending on the 30th of June 2023. I still recommend traders to remain very careful, but not to place any short bets on technology, because Jupiter is there to protect technology stocks. Our view is extremely bullish on technology for the medium to longer term, so any weakness in tech stocks from here onwards should be taken as a buying opportunity. Conversely, if we see a weaker trend establishing in technology, then we can wait till the last week of June to get in.
We are still holding our bullish prediction for silver, and we recommend investors keep betting on silver without much fear. We will take more about the silver trade in the metals section below.
Last week’s technology stocks like MDB, ADBE, TSLA, AMZN, AAPL, and many others performed very well. Some profit booking was witnessed in semiconductors, but at this stage, I will focus more on NVDA, AMD, and TSM than other semiconductor companies. One of our favorite companies, AEHR tested a new high on Friday by gaining almost 40% during last week. Since early this year I have been saying that we are entering the most amazing bull era in the equity market which can make a fortune for the people who invest in the right area.
At this stage do not focus on the currency market and interest rates too much. Focus on selective commodities and tech stocks
A few weeks ago we mentioned that we will be disclosing our positions in the weekly newsletter, so here are my updated positions in the market:
- Holding longs in NVDA, NET, GOOGL, and SOXL.
- Last week we bought DPST and BOIL.
- Traded in and out in MDB and LULU.
- Shorted DG and covered the position.
This week’s Trades:
- I will be buying Silver.
- I will be buying Natural Gas.
- I will be buying 30 Year Bond.
- Getting ready to buy Cotton.
- Getting ready to take some long positions in Wheat & Corn if they close in the green on Monday and Tuesday.
From here onwards, I will update you whenever I take any stock trades for the short term. I do not want to write what I traded in after the fact, so I will put out the information on my trades in advance of taking them. I am sure you must be following our daily Flashnews and stock report, and I am very excited to provide my trades. If you wish to take any of the trades, please do your own research and due diligence before taking any trades.
Any weakness should be taken as a buying opportunity in NVDA, AMD, AMZN, MSFT, GOOGL, AAPL, and TSLA.
Here is this week’s weekly newsletter from the 5th to the 9th of June 2023 with a detailed weekly strategy with the medium and longer-term outlooks for metals, indexes, energy, currencies, grains, softs, bonds, and Crypto:
To read complete weekly newsletter with each sections, click below link:
https://www.mahendraprophecy.com/weekly-newsletter-subscription.php
Thanks & God Bless
Mahendra Sharma