Tuesday's sell-off took place in stocks as yield moved sharply…as mentioned this week could be the final week of opportunity trading in yield and stocks…
Dear Members,
I am still in every remote part of India for my ritual commitments. I know my travel to India always create uncertainty in the market and always my members goes through tough time. Only nature is aware of the relationship between my travel to India and the fall in market. I got up at 3.35 AM and finished this letter on through my phone as I have one bar signal which normally goes away by 7.00 AM. I also enjoy my meditation time everyday morning between 4 and 4.30 AM.
Sometimes certain astro combinations get formed in a such way that everything comes together to make is perfect combinations for every financial instrument. Yes, I am talking about Yield, currencies, and markets. These three products will start trading completely differently from Friday. Markets are getting ready for the longer-term bull market and I don’t have any doubt that tech stocks will take a major lead and what amazing formations will form which will create one of the most fantastic bull markets we ever witnessed in our life-span. The rally from 1997-1999, March 2009 onward, March 2020, and 2022 October provided great returns to investors to my knowledge.
At this everyone is confused, but we are very clear with our view. We are expecting the market to start rallying this week on Friday as mentioned in this week's weekly newsletter but same our focus will be on tech stocks so I will recommend just focusing on tech stocks.
Don’t read too much on negative Astro day or one-day trends because that will not guide you properly, it will only make you confused so focus on overall what is coming ahead in the future. Our view is extremely bullish on US tech stocks, avoiding the rest of everything else.
Precious metals traded mixed on Tuesday which is a great sign, but base metals lost value, and stay sidelined from any buying in base metals on Wednesday. Overall Silver will remain on our buying list from this week Thursday.
Oil prices traded lower, keep selling oil, heating oil, and RB Gas. Trade in and out in natural gas.
Currencies lost further value, but emerging market currencies lost big value. Japanese Yen gained value, and other frontline currencies like the euro and pound traded a bit negatively but the Australian dollar, Franc and the Canadian dollar lost big value. Buy Friday USD will form the top, but I will put money in tech stocks rather than currencies. Currency trade shall be for the short term. If the dollar closes above the 106.18 level for five days then the next level will be the 107.88 level, I will recommend closing all short in most currencies.
Thirty Year bonds lost further value, and one of the greatest buying opportunities has finally arrived in buying Thirty Year. Start buying Bond from today, by Friday go all in.
Thanks & God Bless
Mahendra Sharma