Dear Members,
On Monday, we recommended buying silver as we expected it to move higher and on the other hand we recommended selling the dollar for the first time and buying currencies on Monday for the short period of time. Both these trades worked very well.
On Monday, we expected the US market to gain value but recommended staying away from the rest of emerging markets. Gas was on our buying list, and it moved big.
On Monday Semiconductor stocks made a big move as Foxconn announced 15% sale growth which pushed SOXL by 9% higher. NVDA, also tested all time high and stocks like MU, DELL, META, TSM and ASML gained big value. Still AI and quantum computing stocks are gaining value.
Our favorite recommended stocks IONQ, APLD, VRT, TEM, and NVMI gained a big value.
In this week’s weekly newsletter we mentioned Bitcoin going back to highs and on Monday Bitcoin gained value. We still see Bitcoin may struggle to close above $109000, but if it closes above this level for three days then we may see $145000 level very quickly so watch bitcoin trend closely.
Grains, energy and softs gained value but higher side profit booking came in as expected. Thirty Year Bond is holding 113-00 level.
On Tuesday still we recommend staying long in silver and metals, dollar will trade both sides, and bitcoin will gain value.
Stay long or buy SOXL, APLD, VRT, TEM, and NVMI.
Grains (corn and soy) should be in your buying list. Keep adding shorts in Cocoa and orange Juice.
Japanese Yen and Nikkei are coming in our buying list.
Thanks & God Bless
Mahendra Sharma