Dear Members,
Markets, metals and other commodities are falling hard. Gold breached most important astro support level of $1921 and silver $26.11 level. If these both metals closes below three days these levels then metals will keep struggling so make trading decisions. We will update on precious metals on late Wednesday.
S&P breached lower side 3331 level and closing below this level surely will bring more volatility. Most of you are aware that I hate to predict during Scorpio Moon, and this Scorpio Moon will end on Wednesday evening which means that volatility will continue for the next two days.
We are not recommending taking any side aggressive long or short. Watch market trend closely. S&P closing three days below 3231 then we may see 3129 level which will be again crucial support level so watch 3231 as we expect this level holding. Our medium and longer-term view is extremely bullish from November. Also keep it in mind Vaccine is on the way so world will become normal place which may bring historic bull market in global equity market and S&P will test 5000 and NASDAQ 25000. We always hold our predictions, we don’t change predictions because of short term volatility.
Nasdaq stocks looks great bet, but let market settle down you can take some aggressive long in AMZN, NFLX, ZM and many working from home.
Metals are falling hard, stay sideline at this stage for the next two more trading days before they give us clear directions.
Grains and softs will also witness profit booking, get ready to acquire coffee.
Currencies started falling hard as predicted. We are recommending buying staying long in USD.
Here is the current cycle from our 2020 Financial Prophecies book:
Seventh Cycle: From the 17th of August to the 4th of October
This will once again be a very volatile cycle, and I strongly recommend selling stocks during this period. Do not hold any long positions in tech and financial stocks as prices will fluctuate very fast, so have some sort of hedging strategy without holding any naked buying positions.
Hold some put options and buy some UVXY during this period. I still see biotech stocks performing very well during this cycle, so it will be very interesting when Tech and all the other sectors are trading negatively, and biotech outperforms all the sectors. If you see biotech performing well then you should start building positions in it as it will continue to perform well throughout the year.
In our book “2020 Financial Predictions” we mentioned the below in the stock market sections, I think it was a fantastic prediction which guided us by the astro cycle:
Sixth Cycle: From the 1st of July to the 16th of August
Once again, this will be a very bullish cycle for the market, so stock and equity prices will gradually start moving higher. I strongly recommend start buying tech, financial, and biotech stocks. Some aggressive movements will come in these sectors, and if I am not mistaken in my readings of the Astro cycles, all the major global market will hit an all-time high. This is especially true for the US and India. Europe and Japan will also move higher, and China will also trade positively.
This is a fantastic cycle to make a great amount of money in tech and biotech stocks. Mining stocks will also gain handsome value during this period, so buy mining ETF’s like NUGT of JNUG. You can also by tech and biotech ETF’s like SOXY and LABU.
Thanks & God BLESS
Mahendra Sharma