Friday’s Stock Report
Bloodbath day underway massive selling, stay away for few days until dust settle down but surely turn around will be huge like every turn around in the last four years
Dear Members,
On Thursday it was one of worst week for market and investors in the last five years. We never expected this kind of fall in USA market though our view was bit cautious yesterday. Though we feel so tempting to buy at current levels but we will avoid adding any more cash in market until 15 September because Mars will change house on 15 September and after that time is safe to buy.
The day market got changed on 1 August we came out with long letter with cautious note but I wish we simply recommended staying from market until 15 September.
In the worst case scenario S&P may touch 1982 level because it bounce back strongly few times in the past or it can make U turn from 2019 but at this stage rather than predicting all this level, we recommend staying away till 15 September.
Our view haven’t change for longer term, S&P will start moving to achieve 3200 and NASDAQ 7500 after this Mars uncertainty ends.
Without doing anything watch on Friday and wait for our weekly letter on Sunday, surely it will be most difficult one as this week Market moved lower and metal went high which we never saw. Subscribe to read daily stock investment report..
Thanks & God Bless
Mahendra Sharma