Dear Friends,
Here is this week Flashnews:
Dear Members,
Flashnews of Day trading strategy for Friday, 9 March 2012
Dear Members,
Our predictions of rising trend in market, energy and metals have proven very accurate. I highly recommend holding your trades in markets, though we were not sure about Fridays bullish trend after USA open some weakness can occurs but if in USA market metals remain positive on Friday then you will going hit jackpot because metals & S&P markets can fly non-stop.
Here is Friday’s trading range:
GOLD: $1693.1 to $1714.80
SILVER: $33.52 TO $34.39
COPPER: $376.3 TO $384.8
PALLADIUM: $691 TO $709
PLATINUM: $1645 TO $1675
This what we mentioned yesterday - For Thursday we will say same thing - On buy call options in coffee and cotton, no future trades. We hold same prediction, cotton and coffee to move for the short period. Cotton can move up big.
Here is Friday’s trading range: May contracts
COFFEE: $186.70 TO $192.90
COTTON: $89.03 TO $93.86
COCOA: $2339 TO $2420
SUGAR: $23.78 TO $24.16
ORNAGE JUICE: $191.20 TO $187.20
Stock market performed well as mentioned, here is what we mentioned yesterday - We advise you hold your trades in indexes and add more on any weakness. Financial will move up this week with natural resources like uranium, metals and rare earth stocks on Thursday and Friday. Buy banking stocks like Bank of America, Goldman and JP Morgan. Our target for S&P is 1407 by 18 March.
Here is Indexes day range for Friday’s trading:
AUSTRALIAN – 4160 to 4214
NIKKEI – 9801 TO 9909
NIFTY S&P – 5345 to 5412 March
HONG KONG - 21019 TO 20819
CAC – 3457 TO 3515
DAX – 6809 TO 6905
FTSE – 5821 TO 5895
S&P – 1373.25 TO 1359.25
NASDAQ – 2618 TO 2642
RUSSELL – 798.25 TO 812.25
DOW – 12677 TO 12979
Tomorrow is big day for grains. Better not to have any big position because market can move either sides and I don’t have any clue on which side market will move. But surely I won’t recommend to hold shorts. I still recommend not to short grains as bit concern data can push prices to limit up.
This below range is valid for normal market condition but tomorrow is different day so this doesn’t have much meaning so please don’t trade Friday by below mentioned range, once data is out then you can trade.
Here is day trading range for Friday’s:
CORN: $628.5 TO $644
WHEAT: $627.75 TO $647.5
RICE: $13.75 TO $14.08
SOY: $1325 TO $1350
SOY MEAL: $370 TO $362.7
SOY OIL: 53.98 TO $53.23
It looks like Thursday gas bottomed out as mentioned yesterday - NATURAL GAS WILL BOTTOM OUT ON THURSDAY SO GET IN AFTER THURSDAY’S INVENTORY. Buy natural gas around $2.25.
Friday’s trading range for energy April contracts:
OIL: $105.51 to $107.77
NATURAL GAS: $2.23 to $2.34
TREASURY BOND – 142-21 TO 141-07
Trade in and out in currencies. Friday’s trading range is here:
DOLLAR INDEX – 79.88 to 78.89
EURO – 1.3329 to 1.3207
AUSTRALIAN DOLLAR – 1.0583 to 1.0686
CANADIAN DOLLAR – 1.0048 to 1.0129
BRITISH POUND – 1.5773 to 1.5898
JAPANESE YEN – 1.2201 to 1.2302
SWISS FRANC – 1.0948 to 1.01059
RUPPEE – 50.19 to 49.62
RAND – 7.52 to 7.43
Note - I highly recommend that you read one more time this week newsletter as it most important weekly newsletter we have written in 2012.If you are mentals and stock market traders then you must read it. If you are only flashnews subscriber then must subscribe our weekly newsletter.
Thanks & God Bless
Mahendra Sharma,
Thursday 03.50 PM, 5 March 2012, Santa Barbara
Last comment came from Milind - Wednesday, 07 March 2012
Name: Milind
Dear Mr Mahendrabhai, Sir, I have received your book, its remarkable indeed. A vision for blind investor in financial world. This is the first time with the help of your guidance I will be buying gold future and hence wish to know whether I should go for it. Its always pleasure to receive your guidance & Thank you from the bottom of the heart for your work in the betterment of the world. With warm regards Milind
Read more - http://www.mahendraprophecy.com/testimonials.php
Price will change around 7.00 am New York time on Friday.