Dear Members,
USA market is struggling to move further higher because of important Astro resistance there now. The market must consolidate around here for some time for the next move.
On Wednesday markets will trade both sides, traders will be waiting for FED minutes which may also not be able to guide so focus on the stock-specific story.
Lithium stocks lost value, today SQM will announce earnings after the market and we are expecting big earnings from it, so buy some positions and get ready to acquire big long positions on any weaker opening on Thursday. SQM just lost 6% value from yesterday’s high which is a bit strange to me. On Monday it went closer to an all-time high.
On Tuesday WMT, TJX, and HD performed very well Many other stocks will announce earnings today after the market and they will move 10 to 15% higher in the coming days. Here are our top earning picks: ADI, SNPS, AMAT, BILL, and CRMT, these are top picks for today. Also, KEYS and WOLF can perform well as well but our favorites are the above five companies including SQM.
Commodities tend to struggle so stay away from any buying but few commodities are on our buying list.
Wednesday Retail sales as well as FED minutes. Financial stocks will gain some momentum.
The overall market trend looks positive so stay long on most of our recommended stocks.
Thanks & God Bless
Mahendra Sharma