Dear Members,
Now another important 32 hours are starting for markets, commodities and currencies. Tomorrow is a Solar eclipse which can create major volatility on both sides.
We are strongly recommending staying sideline without any major positions in the market. Trade in and out or book profit on higher sides in most markets. Watch S&P 4238 and 4278 higher side level, both are crucial astro resistance levels. Wednesday profit booking can come in. On Thursday both-sides aggressive trend may come. If the USA market closes in green on Wednesday and Thursday then negativity won’t hit the market and that will be a win for the bull.
Gold, silver and base metals are acting a bit uncertain. Thursday will be most crucial for precious metals, if gold and silver closes in green on Thursday that will be great news for precious metals investors. We strongly recommend watching tomorrow's trend in the USA opening because acting positive by 9.30 AM EST could push silver 30% higher in the short period and gold 15% higher. If gold and silver trade negative tomorrow, then they will act sideways for this week before they start back on the bull path.
Best trade for today is buying currencies, start buying USD today and take sell positions in USD. Sell most currencies on higher sides, and get out from long in emerging market currencies. Sell euro, Pound, Franc and Australian dollar. Sell Peso and Rand around higher sides.
Stay away from grains and softs, bonds may gain value.
Crypto currencies are in our selling list, last week we recommended shorting Bitcoin at $39000 with first target $31000 and then $21000.
Thanks & God Bless
Mahendra Sharma