Dear Members,
There has been a lot of chaos everywhere, from Trump's statement to trade and tariffs, selling in the magnificent seven sell-off, and bearish sentiment from TSLA to NVDA. Yes, there is no doubt that stock markets are in the most uncertain second astro cycle as per our book, so expect sharp up and down.
US stocks are about to open in five minutes, and it looks like they are opening sharply down. In this week's weekly newsletter and daily newsletter, in all the letters of Monday, we recommended aggressive buying on Monday on weakness.
Also astro support levels always worked in the last 35 years, and remember S&P astro support level is 5665 and NASDAQ 19665, we don’t see both these indexes closing below these levels for more than three days, so we are at great buying level and one must not miss opportunity of buying today.
We see that TSLA is an excellent buy at $243 (worst case $210), NVDA at $110, and LABU, as biotech and health care, looks like a great buy. Avoid financial stocks for the short term.
Yes, other large cap stocks will spend some time here.
Watch silver, it is our buying list.
The US Dollar is expected to rebound from Wednesday.
The European market is around the top, but they may rebound from Wednesday. I still recommend US STOCKS over European in the medium and longer term so keep this predictions in mind.
China has topped out in the short term and bottomed out in the longer term.
Indian market will have some tough times, but Nifty may still test at 23000 in March.
Important note: If the market rebounds or recovers as predicted in a letter, then we shall have a great rally this week, each day, so watch this prediction. If this week's market doesn't rebound on Monday and doesn't close positively from Tuesday to Friday, then I will recommend not putting any money in the market for the next two months.
Longer term view: Extremely bullish for US MARKET, S&P testing 12500 to 15000 by 2029.
Thanks & God Bless
Mahendra Sharma