Dear Members,
This week markets gained sharply higher. Job report pushed market Sharply higher. Last few weeks we hav been recommending buying STIM which has performing amazing well. On Thursday we are recommending buying TEM, IMMR, BSEM and CRDO.
on Wednesday and Thursday we recommended staying long in maker but higher some profit booking is recommended. We are still not recommending any major shorts but get ready for our recommendations. As mentioned SP will have tough time to close above 6238 and Nasdaq 21988.
Time to book profit in metals. Trade in and out in energy. Book profit in softs buy take aggressive long in SOY BEAN.
Currencies will trade mixed to trade in and out. I am waiting for Sun changing house that may provide clear indications of whether DOLLAR INDEX going back to 115.00 level or bank to 100.00 level.
Keep adding Thirty Year Bond.
thanks & God Bless
Mahendra Sharma