Dear Members,
On Wednesday, markets rebounded and closed at an all-time high. Still, the Nasdaq is 500 points away from an all-time high. Chip stocks and Nuclear power companies remained in demand as many tech giants are investing heavily in nuclear power companies for AI to run data centers. SOXL, URA, YINN, and CWEB rebounded after a sharp fall.
Our top picks for this week’s earnings buying were TSM and SNA. In the next two weeks, frontline tech stocks and many of our favorite tech stocks will announce earnings, so wait for next week's daily and weekly newsletter. If the market holds value next week, we may see the S&P testing 6011 and NASDAQ 21155 levels.
Uranium stocks are on fire and are vital companies to watch closely: LTBR, LEU, DNN, UUUU, URE, and CCJ.
Other favorite stocks should be watched closely: ALAB, MAX, TEM, BSEM, and ROOT.
Precious metals performed very well, as predicted; they are close to a decade high, and closing above a critical astro resistance level will push them to a new cycle. Base metals also recovered from lower sides. Thursday is one of the most critical days for precious metals, and they must close in green, as predicted in the weekly newsletter. We predict that precious metals will gain value on Thursday and base metals will remain mixed.
Starting next week, some uncertainty could arise with Iran and Israel, which could push metals higher. Base metals are trading negative, which is not good, but they will trade mixed on Thursday.
Oil traded mixed, and gas lost value. Corn and wheat closed in the green, but Soy lost value. Soft commodities struggled, and cocoa lost value.
Most of the currencies lost value as predicted, and the dollar is getting closer to 103.59, which is a firm astro resistance level. Thirty-year bonds gained further value as predicted. Start acquiring a long-term bond at around 120-00 level.
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Thanks & God Bless
Mahendra Sharma