Thursday Flash news (unedited copy)
Big turn in gold and market from middle of sessions
Dear Members,
On Wednesday FED use one more excused for not hiking rate was Brexit concern. If you are watching FED then they have been using every time one excused for not raining rate. They started with employment, China, dollar rise, Europe, emerging market, fall of oil and this time Brexit. Last month job Data concern also was in policy announcement. Market traded positive but in the last half an hours lost value. Rest of global market traded positive on Wednesday.
Precious metals gained value and metal mining stocks gained handsomely. Copper moved sharply higher and hold positions.
Grains and rest of commodities lost value except coffee. Thirty Year bond trade mix and gain some value.
Emerging market like India and China moved higher yesterday and may move higher in the next 10 days trading sessions.
Great time to take some trades on Thursday for the next 10 to 25 days:
Great time to sell precious metals, as they will reverse big
Buy some short term trades in S&P, NASDAQ and most of indexes as they will reverse big
Rest of area (currencies, grains and softs, and bond) will just trade mix without any directions. Surely Thirty Year bond will start trading negative.
Astro indicators are still showing S&P to hit 2137 or higher by next week Friday.....
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Thanks & God Bless
Mahendra Sharma