Thursdays Daily Flash news (Unedited)
Thursday is a day to acquire long in USA market….
On Wednesday commodities traded stable, currencies rebounded and Thirty Year Bonds move further higher.
Thirty Year bond performed amazing well, it rebounded from 117-00 to 131-00 in one month’s time. This clearly indicates what we have been predicting for interest rates.
At this stage, if you ask me where to put investments, my answer will be in semiconductor stocks and frontline tech stocks. I will allocate maybe 70% of the money in US stocks and the rest 30 in commodities, currencies, and bonds but will keep trading positions only for the short term as currently, short-term traders are working with both side swing trading.
The USA market traded in the uncertain zone but remember that this week has uncertain Astro combinations for the USA market. Late Thursday interesting time is starting and we are recommending taking a long in the USA market.
Oil prices lost further value and tested the new low of 2022 as predicted. Gas rebounded from the important Astro support level.
Metals rebounded from the lower sides. Stay sideways I just trade in and out by buying around lower sides.
Grains held lower side value, we are recommending starting to buy some positions around the lower side and book profit on higher sides.
Softs traded a bit negatively but I am not worried about weakness as they are very close to the bottom.
Thirty Year bond has been gaining value as predicted.
Get ready for a mega rally in stocks, especially semiconductor and frontline tech stocks. Wait for the next week’s weekly newsletter because it is one of the most important weeks for traders. FED rate announcement, as well as Friday, is triple witching day with year ends stocks options, Index future and Index options will expire on 16th December.
This is what we stated yesterday: Commodities started falling, and oil lost further big value and headed toward the important Astro level, closing below the $73.48 level will open the door for it to fall further by 15%. This year’s predicted target in oil of $73.78 was achieved, this prediction was made when oil was $128 level.
Overall wait and watch today, Thursday will be a great day to back into action aggressively. Semiconductor stocks are a great bet, SOXL must be bought day on any weakness. S&P won’t close below 3903 level.
This is what we stated Monday: The dollar Index is ready or close to having Astro support at 104.28 and 103.71. These are the levels to take aggressive long positions in the USD. Our Selling recommendation in the USD at 113.86 was one of the best predictions.
We started this five weeks back: We have been waiting for this rally against all odds as most of the big guys remain negative on the market with an S&P target of 3000. I always have limited choices because I have one simple theory of the Astro cycle/Wave of nature, and I have to stick with what it is saying. Our theory clearly indicated that the best time for investors is from the 17th of October and expected S&P to gain from a low of 3496 to 4111 to 4288 with a possible target of 4368 by the end of this year.
Thursday’s trend for all the commodities, markets, currencies, & Bonds
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Thanks & God Bless
Mahendra Sharma