Dear Members,
Here, the 2024 track record clearly indicates why astro cycle theory remains the best predictive theory in the financial market. Many of the yearly ranges came out so amazingly accurate. In the last thirty years, no market predictive theory has come even closer to the astro cycle theory. We don’t want to say much, but you go through below small sections of book 2024 Financial Predictions:
These small sections are taken from 2024 Financial Predictions:
Markets:
USA MARKET IN 2024
In 2023, the US market kept moving higher against the rising interest rates. The FED hiked rates nonstop, but strong earnings in the tech stocks kept the market firm, except for some profit-booking in September and October. As mentioned above, I started writing this book in October 2023, and we still strongly believe that November and December could be very powerful months for the US market. Not only will tech stocks rebound, but many other companies like Boeing, Starbucks, Eli Lilly, GE, Costco, AMD, AVGO, and Mastercard will move sharply higher. Along with tech, these are the main stocks that will keep moving higher in 2024.
Most of you are aware that our top picks for 2024 are NVDA, ANET, PLTR, MSFT, GOOGL, TSLA, CSCO, AVGO, AMD, and CRWD. These stocks will keep moving towards new highs in 2024, so do not book profit or short any of these stocks at any price. Chinese stocks did not perform well, but let’s not talk about China in the US section as it will have its own section.
During the first half of 2024, I do not see the energy market performing very well. Also, energy stocks will trade sideways during the second half of 2024, so do not invest significantly in them. Financial stocks will perform well from January to April. Many small bank stocks will gain 50% value, so keep this in mind.
EV and Alternative Energy stocks will trade in a mixed trend. Our focus will solely be on TSLA, as this is the only stock that I recommend buying in the EV sector. One can also buy the stocks mentioned above.
Indian market:
The Eighth Cycle is from the 16th of November to the 31st of December 2024:
This will be a negative cycle and we see stock and index prices dragging down. Some unpleasant situations will develop in the world which will create some uncertainty in the financial market. Interest rates won’t be cut, so inflation talks will come back.
I am not recommending buying or holding long positions in the market during this period. Stay away or remain a short-term trader by selling on any sharp rise or any news and buying back stocks/indexes on weaknesses. The Bears will dominate this cycle.
EUROPEAN MARKETS IN 2024
Normally, important economic markets like Germany, France, the UK, and Switzerland walk together, but some of the other European countries won’t follow key European markets, and they are Spain, Italy, Greece, Australia, Cyprus, Portugal, and Ireland as their dynamics are different. Normally, frontline countries like Germany, France, the UK, and Switzerland follow the US market trends, so these markets’ predictions are the same as the USA’s. Follow our USA market predictions and Monthly Cycles to trade these markets. The same was experienced in 2023 except for the UK and Swiss markets, which underperformed in comparison to the USA and Germany.
As mentioned in our last yearbook, Greece, Spain, and Cyprus markets outperformed all European markets. Our view was very positive for Greece and Cyprus for 2023. I was also amazed at the accuracy because I just write what the planets tell me, and as a trader, when something unique happens as predicted, I feel happy and get excited. This is because traders or investors or common folk with all their financial knowledge and degrees wouldn’t have been able to predict many of these predictions as they seem illogical; they don’t make sense. However, I simply write it and they come true thanks to the powerful tool of the Astro cycles.
In 2024, we see Greece and Spain performing well. France’s market will have a very tough time from May 2024, so I highly recommend booking profit in France, as well as Cyprus and Switzerland. I won’t be surprised at all if these markets perform negatively or underperform in comparison to Germany, Italy, Greece, Spain, and the UK. We see economic or political news being bad in the second half of 2024 for France.
The overall sentiment in global markets will remain very uncertain from May 2024, so remain aware for a few months.
I strongly recommend staying long in the German, Greek, and Spanish markets. Italian market will do well.
The real estate market will do mixed in 2024, so no major investment is recommended because the Astro combinations are not very supportive.
Euro as a currency will trade on both sides in 2024, so no longer-term one-sided trades are recommended like in 2023. In 2023, most currencies had a total of four swings on both sides, so keep a close watch for our Weekly Letters or Monthly Cycles in the Currency section of this book.
Some kind of unrest or demonstration will take place throughout Europe in 2024, but the situation will somehow be manageable. 2025 will be the worst year for unrest and demonstration issues in Europe. Wait for the 2025 book. Overall, 2024 will be a mixed year and I am expecting neither any major excitement nor any disaster for Europe. Financial markets will do very well in the first half of 2024, but the second half will remain a bit challenging in patches, so watch the US market’s Monthly Cycles to make trading decisions.
The good news is that in 2024, the Euro will hold value, but from 2025 onward, a major crisis will come in the Euro and Pound, so you need to be very careful.
2024 trading ranges for “European markets”:
Austria: 3836 to 3128
Belgium: 4288 to 3511
Denmark OMX20: 2638 to 2121
France CAC40: 8611 to 7175
FTSE London: 8855 to 7305
Germany DAX: 19919 to 15801
Greece: 1635 to 1155
Ireland: 10151 to 8155
Italy (MIB): 38,555 to 30,511
Netherland AEX: 962 to 731
Portugal PSI20: 7991 to 6095
Russia (IMOEX): 3329 to 2505
Spain: 12511 to 9581
Swiss SMI: 12995 to 10550
Sweden: 2659 to 2207
Turkey: 5725 to 3939
Base metals:
BASE METALS IN 2024
In 2024, base metals like Nickel, Zinc, and Palladium went sharply lower and traded at multi-year lows. Aluminum, lead, and copper also struggled, but they held the lower side predicted targets. Iron ore remained in a sluggish direction, but in the last quarter of 2023, it rebounded around 20% from its lows.
Overall, Palladium and Nickel’s prices suffered major setbacks as Palladium tested its 5-year low and Nickel tested its 3-year lows in 2023.
Many argued that rate hikes impacted base metals, but as per the Astro Cycle, that was not the case. Base metals' overall trend remained negative because traders were pushing prices lower to buy Russian metals at a further discounted rate. Here, key nations wanted to take advantage of sanctions on Russia. Russia sold oil at massively discounted prices to India and China.
Overall, the base metals trend will remain stable to positive. Traders were fearing a recession, which we refused to predict in 2023. We also don’t see a recession in 2024 as well. The media may call it a soft landing to make everyone believe that a rate hike brought a soft recession, but in the real term, we don’t see that.
Copper will be the only commodity that will trade far better in 2024 compared to other metals like nickel, lead, and palladium. Aluminum will remain directionless, so focus on copper trades.
I am predicting that the first half of 2024 will be far better than the latter half. In the first half, we may see base metals rebounding, but copper will move higher. We are recommending getting out or selling base metals at the end of June 2024 and staying away from any major long trades. Copper prices may test $435 in the first half. If it crosses above $435, then we may see $486, but the chances of that happening are limited. Surely, one should remain in long positions for copper and cover all shorts in base metals (if you have any) in the first half of the year because the economic sentiment will remain far better in the first half of 2024 than second.
Palladium is one commodity that we are not recommending buying. Prices came down from $3000 to $1000, and we see prices moving even lower, so any sharp rise will be taken as a selling opportunity. We are predicting a multiyear bear market in palladium. We don’t see Palladium going above $1361 in the next five to ten years, so be aware. We see Palladium bottoming out around $488 in the future coming time. In 2020/21/22, prices kept pushing higher toward $3000 due to a short squeeze and market makers pushed prices to extreme levels, so shorts sellers got out. Through 2024, we are not recommending buying palladium; surely cover your shorts if you have any at $961, and if prices move higher, then take sell positions around $1461.
Nickel prices traded very volatile in early 2022 when Russia invaded Ukraine, and everyone was not sure what to do. Russia plays an important role for Nickel as they are the key producer of it in the world. Our view remained negative for 2023 and is still negative for 2024 as well. We are recommending covering your shorts in Nickel if you have any at $15900, and selling back around $21278, which should be the higher side for Nickel in 2024. On the lower side, we may see Nickel testing $13777, so keep this prediction in mind.
The second half of 2024 looks negative, and in the first quarter of 2024, we see nickel prices gaining some ground, but I will remain sidelined with any major long positions for the longer period. Nickel prices are attached to Russia and the Russian sanctions. Until the war and sanctions last, we don’t see Nickel prices going higher. This is supposed to be the opposite, i.e. if any country is an important producer of a commodity, prices used to go higher as everyone used to fear a supply dip, but the current Russian war is different as the outside world is playing an economic game that is benefitting them. Currently, the sanctions on Russia are slowly killing it while everyone takes advantage of the so-called black market/barter trades because Russia needs to fund its war.
2024 is not a year for base metals, but surely during a patch of time, base metals will move higher. I will be keeping copper in focus to write the monthly outlooks for base metals, so follow our Monthly Cycle for 2024. I would like to recommend traders focus more on copper prices rather than palladium, nickel, and aluminum.
Zinc will remain in a mixed direction. However, we do know that it will walk along with copper, so it will be a very good strategy to follow copper’s trends to trade zinc. We see 2024 starting with positivity, but not for Zinc, so I will recommend covering short positions if you have any. Zinc will move at least 15% in the first half of 2024, but the overall trend will remain very sluggish in the Zinc market as well. 2025 looks like a far better year for Zinc.
Base metal's overall trend will be very bullish from 2025. Still, 2024 will remain a mixed kind of year where prices will remain range-bound without making any major breaks on the higher or lower side. Copper and Zinc will outperform the rest of the base metals.
2024 trading Ranges for Base Metals
Copper: $439 to $361 (Closing above $431 for seven days can push prices toward $459 and above)
Palladium $1369 to $911 (In multiyear we don’t see Palladium going above $1551)
Aluminum: $2555 to $1955
Zinc: $3821 to $2565
Nickel: $19725 to $14701
Lead: $2827 to $2201
Energy market:
In 2024, oil prices will trade negatively, and the overall trend in oil will remain bearish. However, oil will recover its value from the lower side during certain months. We are not recommending any buying in energy stocks; they are on our selling list, so hold short positions in oil and energy stocks. Sell bullish ETFs or buy bearish ETFs as per our monthly cycle predictions. Overall, we still don’t see oil going above $88.88 in 2024, and on the downside, we may see Oil testing $66.71. This target will be easily achieved by the end of the first quarter of 2024.
Energy markets are highly sensitive regarding any war, news of uncertainty from the Middle East, or any major oil-producing country like Russia, Saudi, Iran, Nigeria, and Venezuela. Also, the news of production cuts or the lack thereof from OPEC can influence oil prices. I still see some uncertain news from the Middle East, and OPEC news will support Oil prices in the first quarter of 2024, but this news won’t be able to push oil prices above $90.00, so keep this in mind. Surely, some mixed volatility is expected in the energy market in the first quarter of 2024. Remain short-term traders and remember that even any major negative news won’t be able to push prices higher, so get ready to take short positions on any sharp rise. In the second half of 2024, we may see some volatility in the Oil market, but the overall trend will remain bearish from May 2024.
2024 Trading range for energy markets
Oil: $87.88 to $65.18, if it closes below $65.18 for five days then a $56.08 level is possible.
Heating Oil: $3.4311 to $2.38198
RB Gas: $2.6588 to 1.9105 (Closing above $2.65 for three days can push prices up to $2.9511 level)
Natural gas: $3.69 to $1.95 (Closing above $3.69 for three days will bring a bull market and prices may test then we may see the $5.55 level)
Coffee
Our view is still very positive for Coffee. We have been predicting that 2024 and 2025 will be the best years for Coffee, so watch it closely as we see major weather-related crises in Brazil. Coffee is the only commodity we are recommending taking call options in.
The Fifth Cycle is from the 16th of October to the 31st of December
This will be a very positive cycle once again as the negative news will start flowing in from coffee-growing regions. We see heat waves and drought conditions developing in Brazil during this time, which could result in coffee pushing towards its high of 2024. If coffee closes above $243 for more than five days, then it may test $300.
Coffee: $271 to $168.11 (Closing above $271 for three days will open the door for $315 to $371… or I can say a historic bull market)
BOND
In 2024, the Thirty-Year Bond will trade mixed in the first half, although we don’t see the Thirty-Year Bond going below 110-00, we don’t see it remaining below 113-00. This will be a great level to take your entry in the Thirty-Year Bond. We don’t see it going above 129-00 on the higher side.
Crypto:
The Fifth Cycle is from the 1st of November to the 31st of December 2024
This week will be a positive cycle, but some new laws will be announced by the US government, which will create some panic and confusion. We are recommending staying long in Bitcoin as prices will keep moving higher and we may see Crypto gaining value by more than 17% during this cycle. We are not recommending shorting/selling Crypto during this cycle as during the second half of 2024, these two months will be great for Crypto traders.
Currencies:
Important Note: we recommend not to take any aggressive longer-term bets on the Dollar Index on either side, but remember my prediction of the DI testing $150 when global meltdowns take place in all major currencies (which may happen at any point after five years). Do not make any bets under the assumption it will breach $150, but keep in mind that in 2028 and 2029 you should be going all-in for the DI. Remove all other asset classes from the rest of the currencies and funnel your capital into the DI because we will enter the worst cycle of the century, where the valuation of any financial instrument won’t be justified.
Overall, the Dollar Index will be in a bullish trend, so no longer-term short bets should be taken against the USD even in 2024, regardless of the FED cutting rates more than 4 times; regardless, do not short the DI. I would like to remind you to play with a 7-8% swing in 2024.
The Eighth Cycle is from the 26th of October to the 31st of December 2024
Most of the currencies may collapse during this cycle and the USD will make a big move, so we are recommending closing all long positions in most of the currencies before this cycle starts. USD may test its high in 2024, so plan your trading well. International investors, big exporters, and important business houses should plan their trades accordingly.
Sell emerging-market and frontline currencies as this will be a great cycle to make money. The Japanese Yen and Franc may hold their value, so avoid selling or shorting these two currencies.
2024 trading range for frontline currencies
USD: 106.88 TO 98.45
Australian Dollar: 0.6988 to 0.6218
British Pound: 1.3578 to 1.1983
Canadian Dollar: 0.7888 to 0.7143
Euro: 1.1295 to 1.0178
Japanese Yen: 0.8011 to 0.6688
Swiss Franc: 1.2288 to 1.0681
2024 trading ranges of Asian currencies
Chinese Yuan: 7.78 to 6.73
Indian Rupee: 84.78 to 77.71
Russian Ruble: 105.75 to 75.50
South African Rand: 20.05 to 16.11
Turkish Lira: 34.89 to 26.11
2024 trading ranges of “South American currencies”:
Mexican Peso: 18.91 to 15.59
Brazilian Real: 5.11 to 4.50
Argentina Peso: 998.95 to 731
Chile Peso: 945 to 838
2024 trading ranges for “Southeast Asian Currencies”:
Indonesian Rupiah: 16055 to 14975
Malaysian Ringgit: 4.83 to 4.48
Pakistan Rupee: 295.97 to 255.18
Thai Baht: 37.28 to 33.35
Thanks & God Bless
Mahendra Sharma