Dear Members,
On Wednesday, the USA markets traded on both sides as predicted. The rest of the global markets also traded mixed, and the Indian market witnessed buying. The market is trading negatively this week as predicted. We expected the market to trade very volatile and directionless this week. On Thursday, we are recommending buying the USA market. Friday could be a big day for the US market, but the best time to buy the USA market is on 3 October as mentioned in the weekly newsletter.
We still see S&P moving toward 5300 and NASDAQ 18000 by the end of the first quarter of 2024. So, far every predicted target predicted.
Precious and base metals lost value and mining stocks traded negatively. So far, our view on metals was very negative from Monday to the mid-Thursday trading session. As predicted in the Weekly Newsletter, we are expecting buying to come in precious metals From Thursday’s USA trading session. If precious metals fail to move recover Thursday in the late trading sessions, and Friday if metals close negative that will be the worst news for metals.
Oil prices gained value and are now approaching our higher-side predicted selling level of 94.78. From here onward, selling is recommended in oil, heating oil, and RB Gas (even though the next three days are supportive).
Oil won’t remain above $94.78 for more than three days, so keep this prediction in mind. The first lower side target will be $84.11 in oil. Sell energy stocks and ETFs. Our buying recommendations in oil have proven a great trade at $65.78. Since then, a nonstop rally has been taking place. We have been able to predict every move in oil’s Astro cycle for the last 25 years.
Corn and cotton performed very well. Stay sidelined in the rest of the grains and softs.
The Dollar Index moved above 106.18. This is an important level to watch. The yield has been moving higher nonstop. Be aware as the bond is reaching an extreme Astro wave.
Thursday will be a proven buying day in the market and commodities, so buy metals and indexes as predicted in the Weekly Newsletter. Read the complete details of today's outlook with trading ranges for metals, indexes, energy, currencies, grains, softs, and bonds.
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Thanks & God Bless
Mahendra Sharma