Dear Members,
We are in the final six week of 2021 and traders are booking profits in stocks. Markets are struggling to move further high but need to watch, we are still not recommending shorts at this stage. S&P just 100 points away from the 2021 target of 4800 level. There is no harm in booking profit, especially all other sectors except Semiconductor and EV related stocks. This week we recommended buying small positions in Hotel, Casino and Airline stocks for the next three months.
Precious metals are performing as predicted, our longer term target of silver $75 is intact. Follow our weekly newsletter for weekly trend and options trading.
Oil will be a great sell at $84.88 level, Gas will be a great buy at $4.77, both these trades one can take with 1% stop loss.
Grains and softs are trading as predicted, add more long cotton, wait for the coffee mix time cycle to end.
Thirty Year bonds will be great sell above 164-00 level.
We are recommending buying more long positions in stocks like AMD, ON, NLST, today we recommended buying aggressive long in HDSN at $4.20 with a $20.00 target.
The Dollar Index acted as predicted. Interesting time cycle has started. Follow our Daily Flashnews for day trading in currencies as we don’t see any one side bull or bear market in currencies for the next one year so trading in and out in most currencies by following our daily letter.
Small part of PDF File of Daily Flashnews is here.
Thanks & God Bless
Mahendra Sharma