Dear Members,
Markets are trading in narrow ranges, and it looks like short-term uncertainty will pass this week. Any sharp weakness should be taken as a buying opportunity in stocks. NVDA is two weeks away from announcing earnings, but SOXL and most semiconductor stocks will hold lower levels, as we witnessed last week.
As predicted, MNDY gained a big value on Monday. It was our top pick for earning, and RAIL, which we have been recommending buying for over two months, made a big move today, and tomorrow, it may gain big value.
In this week's letter, we recommended buying aggressive long positions in metals, so watch closely. Base metals like copper, Palladium, and zinc were on our buying list last week Friday, and today, they acted very well. We are recommending staying long in gold and these metals. Avoid silver and platinum in the short term.
Oil has been gaining as predicted, but it's time to build short in the next few days, so wait for selling recommendations or follow our weekly newsletter, which we already recommend. Natural gas is buy; keep adding gas.
Most of the markets are close to the bottom, waiting for one pullback, which may happen because of Iran, as it may attack Israel in the next 59 hours, and if it doesn’t, then Iran won’t attack in the near time, so peace talks may start between Israel and Palestine.
Watch currencies, bonds, grains, and softs predictions in our weekly or daily letter. Wednesday CPI data and Thursday JOBLESS/Retail sales/PMI will dominate the market trend, but get ready for buying opportunities on weakness on any negative news. We don’t see SOXL remaining below $28.00, so what other indications do you want from us?
At this stage, important astro support is at 5275 for S&P and NASDAQ 18111.
Thanks & God Bless
Mahendra Sharma