Dear Members,
I am posting a small part of the weekly newsletter from 15-19 April, for “updates and market news members”, I am sure it will help you make some trading decisions.
Weekly Newsletter from 15-19 April
Iran attacked Israel soil, but our favorite stocks shall be on your buying list…and don’t trade on news as Sun changed house...
Dear Members,
Last week was very volatile for markets; stock prices rapidly moved on both sides. On Friday, real selling pressure was witnessed after the media confirmed that Iran is planning to attack Israel or Western interests. Iran's attack on Israel with people dying could push deadly conflict in the region and the USA may take part in that if they attack on USA facilities.
Last week, we predicted exactly this: we predicted geopolitical conflicts and uncertainty in the world between the 12th to the 16th of April, which brings major uncertainty in markets for the very short term. It is amazing to see how Astro combinations guide us so accurately. This kind of event can be seen through Astro combinations.
Yes, there is some issue and we still see some uncertainty, but this uncertainty may end by late Monday or Tuesday of this week, so keep this in mind as Sun already changed house on the 13th night which may give calmness to the market and as well human behavior pattern. Even if Iran attacks Israel, then this may impact the market for a maximum of one day, nothing more than that. Thus, this will be a short-term phenomenon. Still, rises and falls are expected in the market during this week, but keep buying markets on weakness. If Iran doesn’t attack by Tuesday, then the possibility of an attack will be very limited. Fear may remain in the market for only one week.
Last week, precious and base metals moved sharply higher, but after creeping higher on Friday, they started moving toward the lower sides and lost all their gains of Friday. Friday was our selling day for metals and that proved very accurate.
Now, the markets are having a few issues:
Inflation is very sticky; the FED is culminating more Problems by commenting unnecessarily. Now, the market is expecting two cuts, and many are expecting no cuts, but we still believe three small cuts are on the way.
A two percent inflation target is impossible, and I have been slamming the FED for this. In the last twenty years from salary to real estate to daily consumer items, everything has gone so much higher in price value that the FED will never have a 2% inflation target even if they hike the rates more. They need to update their fundamentals. I know they are the most brilliant people sitting there, but I think they purposely misguide everyone.
We are still keeping our higher side S&P target as predicted in the book; first, S&P needs to close above 5288 for a minimum of three to five days, and then it can easily move 10% in 2024. Yes, some difficult times or negative patches will come for the market. One of the best rallies has taken place in the last five months, and now the market is watching the geopolitical tensions carefully.
The world started splitting quickly: on one side, you have China, Russia, Iran, and North Korea, and on the other side, you have the Western world plus Japan and South Korea. India is in a confused situation, but at this stage, they have to stay with the Western world as they are having some major issues with China.
Taiwan's situation is delicate, though we don’t see any conflicts. However, China will surely push the agenda ahead to take over Taiwan after 2027, so keep this in mind. Hopefully, the USA will be completely self-sufficient in Chip manufacturing by then.
After stopping Apple phones from being used by government employers, they recently announced that by 2027, they should stop buying chips from Intel and AMD for PCs and computers. This indicates that China and the USA are slowly walking in opposite directions. This won’t be helpful for China as they will be left behind technologically.
Last week, energy prices moved higher but were unable to test $89.88, which is negative news for energy traders and il. Even Iran's preparations for the attack were unable to push oil higher so oil is in our selling list.
Last week, grains lost value/remained directionless. Coffee and cocoa moved sharply higher, but sugar and cotton lost value. Cocoa tested its all-time high, but it is trading in the most dangerous zone currently.
The Dollar moved sharply higher; if it trades above 105.88 for more than three days, it will bring a new era for the USD, so let's watch it carefully. The Thirty-Year Bond stabilized around 115.00, which is a great sign.
This week is far better for the market; even Iran's attacks on Israel won’t be able to catalyze much market pressure.
I finished the first part of the letter and got up on Sunday morning in Asia with news of the Iranian Drone attack on Israel, so our predictions of 14 April could worst day, and this proved very accurate. All credits go to the astro cycle subject but now Sun already changed house which is great news for stock investors. Yes, still one week is cautious week but overall astro combinations are not negative so keep buying long positions on any negative news.
Now after the attack happened here is a small update for update subscribers:
Metals will have limited higher sides as Monday is not a very supportive astro day in Asia and Europe.
As predicted oil shall be in your selling list.
Markets shall be on your buying list on Monday, also take long in our favorite stocks. Earning session is starting this week so get ready for daily lost of buying and selling.
Let's see how each financial area will perform this week. Here is the Weekly Newsletter from the 15th to the 19th of April COMPLETE OUTLOOK FOR METALS, INDEXES, ENERGY, CURRENCIES, GRAINS, SOFTS, BOND, AND CRYPTO:
If you wish to read the complete weekly newsletter of 15-19 April:
https://www.mahendraprophecy.com/weekly-newsletter-subscription.php
Thanks & God Bless
Mahendra Sharma