Wednesday’s Daily Flashnews
Tuesday was a scary day for Wall Street and commodities…. The positive astro time cycle is changing from 11.00 PM Pacific time.
Global markets traded negatively on Tuesday, but the USA market had one of the worst days, which is a bit concerning.
NASDAQ and semiconductor stocks had the worst day, and NVDA almost closed more than 9%. NVDA and SOXL semiconductor etf more than 22% lost. Overall, it was a horrific day. Many analysts are finally turning bearish; they are calling a minimum of 10% in corrections, but I don’t believe in experts. Wednesday markets will show its own power because astro combinations are turning on the positive side; yes, Tuesday was the final transition day of ending negative around 11.00 PM Pacific time so keep this in mind.
One thing is sure: the next eight months will remain directionless for the market, and a new rally will start after that. So, remain either very long-term investors or keep the money to add stocks on any sharp weakness for the longer term, or a day like today shall be taken as a short-term trading opportunity.
Metals lost value, but base metals lost a lot of value. Gold and Zinc acted far better than other metals. Still, an uncertain trend is expected, but 12 September will be the best day to acquire long-term metals.
Oil prices lost a big value, but natural gas gained value. Oil closing below $70.00 is a worst sign; our lower side target of $65.68 will be achieved soon.
Grains gained value as predicted, and softs commodities also struggled, except cotton held value. Wheat, corn, and sit moved sharply higher.
USD gained against most currencies, but the Japanese Yen went higher against USD and most currencies. The US dollar is still in a short-term supportive cycle, so sell most currencies. Thirty-year bonds gained value.
We have entered the supportive cycle, and negative trends may continue for one more day, but we don’t see any major weakness. Please prepare our index sections carefully. Our special offer will end on Thursday; I just completed 56.
Small sections from today's index sections:
Yes, from here to 15 September, the USA market will consolidate without falling much.
Hidden parts: As soon as I leave Santa Barbara, the market starts acting negatively, and this has been happening for over 21 years.
I have one small concern: Markets achieved our higher side targets of 5775 and 19775 and almost tested the 21111 level as per our book, so whether this will remain top or not, the market will trade within the five percent to seven percent trading ranges on both sides until the end of this year, or it can remain directionless for the next eight months.
Wednesday will tell us whether the market is making a bottom. It is a mixed astro day, but over the astro cycle, changing from 11.00 PM on Tuesday night Pacific is more important for the market. We are recommending buying MSFT, GOOGLE, APPLE, and IBM. Powerful traders will use NVDA as a tool to fluctuate market trends. Overall, Wednesday is mixed, but the market will hold value around the lower sides.
· Early this year, I was in India and provided an interview to Zee Business TV. You can change the language to English subtitles or any other language for the interview in Hindi.
https://www.youtube.com/watch?v=Ov0sagnK8A4
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Thanks & God Bless
Mahendra Sharma