Dear Members,
The markets are at the top, especially the S&P and NASDAQ, and as I mentioned many times in the past, I don’t give any importance to the DOW and Russell 2000 trends. I strongly recommend staying long in NASDAQ, but now S&P will also start struggling.
Today, MU will announce earnings and earnings will be robust enough to take a short-term long bet in it. Also, buy INTC, HUBS, and KLAC; these three stocks are coming on our buying list.
Also, avoid most of the commodities even though FED is ready to cut the rates today; we expected three rates cuts this year, and these predictions will be fulfilled today.
Thirty-year Bond is a good buy at the 116-00 level.
Quantum computing stocks are moving multiplefold. One can book a profit as I never expected these stocks to move 500% to 100% higher in a short period of time. I have been recommending buying quantum computing stocks for the last two years. We started with IONQ at $5.00 and then QBTS at $0.80. Lately, we have recommended adding other computing stocks as well.
The Australian dollar, Canadian dollar, and emerging market currencies are losing value nonstop; stay away from any buying. Japanese Yen is coming in our buying list from tomorrow so take long on any weakness. The dollar is in a unique time frame; just imagine if it reaches the 118.00 level next year from the 106.50 level.
Brazilian and Indian markets are on our shortlist; these markets can cause more pain to investors in the coming time, so stay away as both markets are in worst astro combinations overall for three months and the next three months. I don’t see any good news, so investors must be very careful.
Energy, grains and softs will trade mixed to sideways, we recommended soy at but it lost three percent value, we are still recommending buying it.
Thanks & God Bless
Mahendra Sharma