Dear Members,
As anticipated in our weekly newsletter, the market experienced a negative Monday followed by a positive Tuesday. Wednesday is expected to be mixed, with key astro resistance levels to watch at 5578 for the S&P and 20555 for the NASDAQ.
In previous forecasts, we identified significant S&P levels (5500 and 5775) and a NASDAQ level (21111). We also projected that the S&P will reach 12500 and the NASDAQ will hit 45000 by 2029. These predictions underscore the importance of planning your long-term strategies accordingly.
Stocks to watch include IDCC, AMSC, RAIL, UMC, and ASX. Consider establishing long-term positions or purchasing call options in these companies. Additionally, frontline tech stocks like MSFT, NVDA, AMZN, GOOGL, IBM, AVGO, SMCI, ANET, DELL, and AMD have performed exceptionally well over the past 18 months and continue to be recommended. (Disclosure: I hold small positions in all these stocks.)
As predicted, precious and base metals are currently experiencing a decline. Key astro support levels for gold, silver, and copper are $2300, $29.00, and $423, respectively. We anticipate these metals will not close below these levels and are prepared to aggressively buy gold, silver, and copper once they reach these points. It's also advisable to cover short positions in Palladium.
Energy prices are expected to struggle, so it's best to remain on the sidelines or sell on the higher side. However, natural gas is poised for a significant upward movement, potentially exceeding 200% gains. This presents a lucrative opportunity.
Grains are also losing value, as predicted, but are nearing buying levels. Prepare for aggressive long positions in this sector.
Softs are trading negatively, with cocoa experiencing a significant drop, as predicted. However, coffee, cocoa, and sugar are expected to rebound soon.
The thirty-year bond is also primed for an upward trajectory.
Crucially, as outlined in our book, we are nearing the end of the fourth bullish cycle. It's essential to familiarize yourself with this cycle by reading our book or weekly newsletter.
Thanks & God Bless,
Mahendra Sharma