Wednesday’s Daily Flashnews
AMZN, PINS, and AMD announced robust earnings…Jupiter's changing house will bring the end of the era for many things...
Dear Members,
On Tuesday most of our favorite stocks' earnings were robust but failed to perform. AMZN was just a few bucks higher after the market, and AMD moved shaprly lower after achieving estimated targets. SMCI lost value as it missed revenue, but PINS made a huge move on strong earnings.
Jupiter is about to change today and it is this warning sign from it because as predicted our bullish cycle is ending for the market anytime soon. Jupiter will be changing house in the next 6 hours, it will be entering the house of Taurus which is not a very comfortable house for Jupiter. In Vedic terms, we call Jupiter as Guru of Gods and it will be entering the house of a Guru of demons. It is a 100% discomfort position for Jupiter. Some shakeup will take place, I think we already witnessed discomfort in the market, Commodities, and currencies on Tuesday before even Jupiter entered that house because neither Jupiter is willing to enter the Demons, nor Taurus is ready to welcome Jupiter but is nature cycle, and Jupiter has to move though house of Taurus. It will stay here for 13 months.
Traders are nervous regarding the FED meeting, we are not nervous but not expecting any good news. We recommend buying AMZN, and AMD on weakness or negative opening.
Metals lost big value which is bad news, this week Monday was only a supportive day but now the rest of this week looks negative. Energy prices traded lower as expected, grains and softs also lost big value ahead of the FED meeting. Currencies traded lower against USD, which is not good news for currencies, and the thirty-year bond lost some more value but great buy around 114-00 or below. Now we are entering the crucial time frame of 2024 after an amazing four months.
There is the possibility of one final rally may come in the next six weeks, and that will top for markets, but remember to book profit from here onward on each one percent move in the market.
Important note: Wait for next week's weekly newsletter, as Investors need to change every investment and trading strategy completely because Jupiter will be changing house today around early morning in New York. I believe that the toughest period started on 30 April for investors just before 12 hours of Jupiter changing house so reduce exposure from investment from everything. I will write in detail what strategy we need to adopt.
I saw a short-term negative Astro combination on the 5th of October, and we predicted that the market could struggle until the 30th of October or the 4th of November. This is what we mentioned on the 26th of October 2023: The Astro combinations will turn extremely positive on Monday, the 30th of October before the USA market opens or on the 4th of November. This is great news for investors as we expect a dark cloud to get out from Jupiter, which is currently ruling on the market trends. One of the biggest Airavath (bullish) trends will start from 30 Oct or 4th Nov.
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Thanks & God Bless
Mahendra Sharma