Market is bottoming out here…greatest buying opportunity
Dear Members,
If you know that S&P going above 5200 and lower side is limited from here then surely you will start adding more long positions. Last three days we have been recommending to accumulate stocks fearlessly as we are not worried about FED decisions.
Today FED decisions, FED will remain confused throughout 2022 as mentioned in the book "2022 Financial Predictions" so don’t expect any clear picture. Any weakness in the market shall be taken as buying opportunity, though Thursday and Friday Scorpio Moon so no leverage trading recommended but expect a mega rally.
TECH STOCKS ARE READY FOR MEGA RALLY, NASDAQ is ready to double from here, get ready for 30000 from 14500. Wait for next week's weekly newsletter as we will write a strategy to take complete advantage of this mega rally.
I am traveling and I will be reading Mumbai today where I will be spending two weeks before I go back to Santa Barbara.
This will be a brief letter but I may send you a brief update later today.
Metals acted very well but today is a mixed day so wait for the Fed announcement and we shall start buying aggressively. Energy prices are holding and grains are also acting well so commodities are not afraid at all of FED. Most of you are aware that metals are our favorite in 2022 but still we are just a few months before metals surprise global investors.
Thirty Year bonds lost value, most currencies acted mixed on Wednesday. Great, ready to buy some more positions in currencies. Bond will act on both sides due to FED confusions.
Crypto recovered from lows, it looks like that $31788 astro support level worked perfectly.
2022 and 2023 will be great years for investors so plan your trading and investment well.
Final note: If any weakness comes in the market and metals after FED decisions then get ready to take aggressive long positions. Buy etfs SOXL and TECL. Buy stocks MRVL and ON.
Please read the Metals and market sections of "2023 Financial Predictions" book very carefully, we highly recommend buying it if you haven't bought it yet.
This is a small note from Monday: In our book we clearly mentioned that only one hike is expected, or two small hikes during 2022.
Anyways the US market looks great and we are still expecting S&P 5200 in 2022 so I won't be focusing on the current trend too much.
Next support for Bitcoin will be $31788, the higher side $41888 is the selling level.
Thanks & God Bless
MAHENDRA SHARMA