Dear Members,
It was an amazing prediction of the NASDAQ going to 18000, 23000, and 35000 and we also said that the NASDAQ can even test 45000 the day when the S&P was trading at 3500 and the NASDAQ 10428. We saw an amazing bull era coming before everything collapsed. Our view from the last quarter of 2022 and this year has been very bullish when most of the analysts and experts kept advising traders to keep selling the market.
Last year we also predicted that there would not be a recession, and neither would there be a bear market. I was also wondering why the Astro combinations wave was showing NASDAQ going toward 35000, and now I can understand that predictions after the AI news started dominating.
Here is a small part of this week’s weekly newsletter. I am sure that it will help you plan your trading and investment strategy. Include the Astro cycles, and make them a part of your trading and investment strategy along with all the other indicators and tools.
Dear Members,
Last week AI stocks continued to dominate the trend of the market. Some buying was witnessed in regional banks and financial stocks, but we are still in a tech-dominated market trend. We are recommending focusing on the medium and long term because if you focus on the short term then you won’t have been able to buy all these tech stocks that we have been recommending. Last year when S&P reached 3588, I said it was a lifetime buying opportunity. We also said S&P and NASDAQ won’t be able to see 3600 and 10800 levels again in the next five to six years. Unfortunately, most big funds and bank analysts were so negative on the market and kept coming on media and predicting negative trends for the coming time due to higher rates, inflation, and recession. Globally investors started worrying and didn’t want to bet on the market. I stood strong with my bull cycle predictions and kept recommending buying with a target of 18000 in Nasdaq and 5300 for S&P in the early 2024.
The markets provided amazing returns and we were fortunate to choose the right area of technology stocks. There will be no doubt that other areas will also provide opportunities, but at this stage let’s focus on the tech and financial stocks.
This week the inflation data and FED meetings are the key events. The inflation data may support the market because we expect it to be soft, and the FED may also not hike rates, but they will keep the language open for future hikes or won’t show any commitment to cut rates.
Apart from these two events, Friday is a triple witching day as future, future options, and stock options will expire this week so there will be volatility.
Commodities started stabilizing ahead of the fed meeting. Last week buying was witnessed in precious metals and grains around the lower sides. The commodity trend was also supported by a weaker USD trend as traders believe that the rate hike is over. No major trend will develop in the USD in the second half of 2023 because we still believe USD will remain in the range of 105.28 to 100.28 so a swing will take place on both sides as predicted.
I have mentioned on many occasions in the last eleven years that the final phase of the bull era will bring euphoria before everything crashes in 2029. This cycle already started last year in November and this bull market will be ending at any time in 2029. I will recommend all my investors to cash in everything in 2028 and will advise you to put that money to work.
Before this, we may see food crisis and crazy rise in grains prices because of dramatic changes in the weather patterns which have already start taking place over the last two years. The security of food will be the priority for all countries from 2027 so we recommend being prepared yourself.
Gold and silver will become important metals in the coming time. We saw a 52 yearlong positive time cycle for metals in 2001, and there is still more than half the time pending. Precious metals will become very coveted in the coming time.
The developed world is going through a unique time era, AI and ML are two important areas that will dominate in the next five to six years but after six years AI will start giving problems. I am still not sure what the problem that AI will create for the world, but it is very concerning.
The oncoming boom in AI hasn’t yet started, the birth of the twister has been sensed and this twister will become bigger and bigger day by day. AI-related stocks will dominate the trend of the market. Everyone would like to buy NVDA, AMD, TSM, and many other stocks. Every area of business will adopt AI tools to facilitate customer needs in an efficient and accurate way, which will help companies and the corporate world move in the right direction in a shorter time and give them the ability to achieve their goals, in a faster way with fewer errors. We can keep talking about this for pages but it is important that we create everything for the good of people. Guns were created to protect good civilians, but the same guns are used to kill people. Everything has both sides and so does AI. From 2027 onwards we may feel very unsure because of AI, maybe human lives are going to be handed over to technology, and we won’t decide what we do, machines will decide what we are supposed to do.
Invest in AI and ML, these areas will make a fortune. Yes, stock prices have moved up in AI-related stocks, but they have a long way to go before it starts running every area we created.
The second half of 2023:
Just twenty days of the Mars cycle are pending, and I still pray that the Mars cycle passes smoothly. I will be watching the time period from 21st to the 30th of June very carefully. Some major bad news may occur, but Jupiter is transiting through the house of Mars, so Jupiter may control the situation. Because of Jupiter, we changed our predictions in May that the world may not go through the worst cycle and mentioned that Mars could go against the bears and that is exactly what happened. The bears are running out of money to short shorts in the market and stocks. If June end passes smoothly, then NASDAQ can rise a further 30% in the next seven months and S&P can easily rise 20%. From June onwards we don’t see any bearish trend so beware.
Let’s plan how we trade this week when the CPI, FED, and triple witching day are falling in the same week.
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Thanks & God Bless
Mahendra Sharma