Dear Members,
Today FED will announce rate decisions and we already mentioned this will be the last hike of 2022 so keep this in mind. On Thursday commodities and currencies will bottom out for the short term. Markets are trading as predicted. trade in earning recommended stocks. In Wednesday’s stock report, we recommended buying: QCOM, SPOT, LXU, MXL and many so take trade in these stocks for the short term by buying calls or stocks.
We still believe that the amazing bull market started on 16 June, and it will keep pushing the market toward higher sides. Follow our weekly and daily reports. Here we publish a small part from the daily letter which may help you make decisions.
We may send small update after FED meeting.
Markets and currencies are a great buy on Wednesday after FED Meeting…
Dear Members,
On Tuesday markets traded negative but it was buying and we are sure you must have bought some more long positions. Last week Friday was profit booking day as per our Astro theory, Monday we expected a bit negative day and Tuesday lower side buying we recommended in flash news and weekly newsletter. Overall from Tuesday to Friday this week is buying week for markets as the market is ready for a big rally so don’t miss it. All major predicted higher side targets will get achieved as mentioned in this week’s weekly newsletter. My job is to provide you with directions and your job is to plan strategy and I am sure you will not go wrong.
Today after the market all our favorite stocks announced earnings and they will gain momentum; MSFT, CMG, GOOGL, ENPH, and TXN announced earnings and most of the stocks acted very well. MSFT missed earnings but future guidance was announced solid which force the stock to move higher. Just remember that worst is over for markets.
Currencies traded as predicted on Tuesday, now higher side now dollar is in our selling list so wait for FED announcement.
Grains gained value as predicted, we are recommending trading in and out on Wednesday but get ready to buy on any sharp weakness.
Metals remained in the mix directions, same expected for Wednesday but lower after FED meeting we shall start buying metals, Thursday will be the best day for buying.
Crude oil prices traded sharply lower as predicted, on Wednesday trade in and out, higher side sell.
Softs started trading higher from Monday as predicted, an aggressive move is expected.
Thirty Year bond holding value, worst is over for Bond market, very limited chances of another hike in rate after this.
FED meeting on Wednesday but no need to worried about FED as FED will have limited choices so FED will remain without acting aggressive, this will be the final hike of 2022.
AMZN, AMD, ON, and SQM are our top picks. SQM will announce its earnings around the 19th of August.
Wednesday’s trend for all the commodities, markets, currencies & Bond
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Thanks & God Bless
Mahendra Sharma