On Tuesday the market traded sharply higher as predicted, oil and most of the other commodities also traded sharply higher. Metals and oil’strend supported the market’strend. Apple announced earnings and started trading mixed. We don’t see any major downside in Apple, and on the higher side we still see room to move 15% higher.
The FED will be announcing its rate decision. We don’t see any hike or anything new taking place, but we still recommend staying away from metals. From late Wednesday to Thursday one can take selling positions in gold on any rise as we mentioned in this week’s Weekly Newsletter that from Monday to Wednesday we see a positive trend in gold, and from late Thursday gold would start falling so keep this in mind.
At this stage focus on the equity market; buy emerging markets and USA markets on the lower sides as the market will keep moving higher. Short term traders can trade in and out.
This is what we mentioned yesterday: Monday market and oil traded negative, and on the other hand gold and Thirty Year Bond moved higher on uncertainty. Profit booking was expected to take place in the market as well as oil on Monday. On Tuesday once again the market and oil will make a bottom but won’t fall much from Monday’s closing. Oil and the market can turn around big time on Wednesday so you should be well placed in your trades. We strongly recommend buying S&P, Nasdaq, DOW as well as oil on Tuesday before the market closes, and if I am not mistaken then on Wednesday, Thursday, and Friday all the major markets can rally big. The US market will outperform every market by moving 5% higher on Wednesday, Thursday and Friday. If I am right, then this will be one of the best money making weeks which will start from mid Tuesday and will continue till Friday.
Wednesday will be the FED decision, and no one is expecting any rate change. Many metals and Bond traders will be focusing on the rate decisions.
Apple will announce earning tomorrow, we are excited about it, read our daily stock report closely.
Friday most of the global equity markets closed sharply higher. Nikkei was up 1000 points or around 6%. Those who invested in the markets during last week must be happy with their investment decision because if we are not making an error in reading the astro cycles then Friday was the bottom of 2016.
Energy prices moved sharply higher on Friday which also supported the sentiments as huge buying came in. Oil $27.71 and S&P 1821 should be the lows of 2016. We may not see these prices again this year, and though our view is not that bullish for oil it may hold this level and may move in a sideways direction once this rally is over.
Other commodities like softs, grains and metals traded directionless. Emerging market currencies made a U-turn from mid Thursday and they are well off from their lows. Russian Rubble went from 85.60 to 78.50 within twenty hours and many other emerging market currencies also acted very aggressively so it looks like emerging market currencies have also made a bottom and that this could be very negative news for commodities. It looks like S&P may not trade below 1862 level again for a long time.
I am sure you must have enjoyed reading our book, and we would appreciate it if you add your comments. If you think that this book is something worth having for investors, then please recommend this book to them. Many of you must be wondering why I always push so hard when it comes to selling my book? I always wanted the masses to see that there is a theory which uses hidden indicators and those indicators can guide us very correctly. There may come a stage when I will stop writing the yearly predictions books because it takes months of efforts and calculation to write them. This might be my last book.
On Thursday we recommended buying APPLE in Fridays daily stock report with target of 10 to 20% rise from $95.00. On Friday Apple moved sharply higher and this rising trend will continue.
Many stocks have moved aggressively, they made substantial gains from Wednesday and those who accumulated on Wednesday must be feeling luck. Emerging markets are in our favorite list, these ETF’s are trading at their lows and the higher side is wide open. FMCC, FMNA and ALK moved sharply higher, and we recommend to start accumulating positions in FMCC and FNMA.
The FED will be announcing its rate decision. We don’t see any hike or anything new taking place, but we still recommend staying away from metals. From late Wednesday to Thursday one can take selling positions in gold on any rise as we mentioned in this week’s Weekly Newsletter that from Monday to Wednesday we see a positive trend in gold, and from late Thursday gold would start falling so keep this in mind.
At this stage focus on the equity market; buy emerging markets and USA markets on the lower sides as the market will keep moving higher. Short term traders can trade in and out.
This is what we mentioned yesterday: Monday market and oil traded negative, and on the other hand gold and Thirty Year Bond moved higher on uncertainty. Profit booking was expected to take place in the market as well as oil on Monday. On Tuesday once again the market and oil will make a bottom but won’t fall much from Monday’s closing. Oil and the market can turn around big time on Wednesday so you should be well placed in your trades. We strongly recommend buying S&P, Nasdaq, DOW as well as oil on Tuesday before the market closes, and if I am not mistaken then on Wednesday, Thursday, and Friday all the major markets can rally big. The US market will outperform every market by moving 5% higher on Wednesday, Thursday and Friday. If I am right, then this will be one of the best money making weeks which will start from mid Tuesday and will continue till Friday.
Wednesday will be the FED decision, and no one is expecting any rate change. Many metals and Bond traders will be focusing on the rate decisions.
Apple will announce earning tomorrow, we are excited about it, read our daily stock report closely.
Friday most of the global equity markets closed sharply higher. Nikkei was up 1000 points or around 6%. Those who invested in the markets during last week must be happy with their investment decision because if we are not making an error in reading the astro cycles then Friday was the bottom of 2016.
Energy prices moved sharply higher on Friday which also supported the sentiments as huge buying came in. Oil $27.71 and S&P 1821 should be the lows of 2016. We may not see these prices again this year, and though our view is not that bullish for oil it may hold this level and may move in a sideways direction once this rally is over.
Other commodities like softs, grains and metals traded directionless. Emerging market currencies made a U-turn from mid Thursday and they are well off from their lows. Russian Rubble went from 85.60 to 78.50 within twenty hours and many other emerging market currencies also acted very aggressively so it looks like emerging market currencies have also made a bottom and that this could be very negative news for commodities. It looks like S&P may not trade below 1862 level again for a long time.
I am sure you must have enjoyed reading our book, and we would appreciate it if you add your comments. If you think that this book is something worth having for investors, then please recommend this book to them. Many of you must be wondering why I always push so hard when it comes to selling my book? I always wanted the masses to see that there is a theory which uses hidden indicators and those indicators can guide us very correctly. There may come a stage when I will stop writing the yearly predictions books because it takes months of efforts and calculation to write them. This might be my last book.
On Thursday we recommended buying APPLE in Fridays daily stock report with target of 10 to 20% rise from $95.00. On Friday Apple moved sharply higher and this rising trend will continue.
Many stocks have moved aggressively, they made substantial gains from Wednesday and those who accumulated on Wednesday must be feeling luck. Emerging markets are in our favorite list, these ETF’s are trading at their lows and the higher side is wide open. FMCC, FMNA and ALK moved sharply higher, and we recommend to start accumulating positions in FMCC and FNMA.
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