Dear Members,
The FED hike 25 basis points as expected, but later they will cut a minimum of three times. At this stage, we are expecting the market to gain value to a minimum of 4 to 5%. Stay long, and don’t short the market as since March changed house market has gone higher nonstop as predicted even though banking issues were there in the last 10 days. We need to see S&P should close above the 4173 level which will confirm the market going toward a new high but in June 2023 we need to because I am a bit concerned about this month as some big event may take place.
The dollar index may get a 100.68 level, and precious metals look great as mentioned in this week’s daily report and the same confirms in our book.
Other commodities will trade mix, or just trade in and out by following our trading ranges without making any major aggressive bet on either side. Metals are still in our buying list along with metals mining etfs.
Bon prices will keep moving higher.
Our book price will be increased by the end of the day so please take advantage if you or your colleagues haven’t bought the book.
This is yesterday's an important message:
Thanks & God Bless
Mahendra Sharma