Dear Members,
On Tuesday, the USA market gained value. The Japanese market also moved higher. AI-related stocks in China, Japan, and Korea went higher. European and other emerging markets struggled on Tuesday.
Metals lost value from higher sides as predicted. On Wednesday, we are recommending booking profits in metals around higher sides. Buy put options, but also keep some more room to add as the Iran issue is on the day. Buy put options in metals for next month.
We still see Gold struggling to remain above $5209/5245 and silver $89.88/92.09 level for the three days, so keep these levels in mind. Also, copper will struggle to remain above the $608 level.
Currencies traded mixed. Oil and grains also traded in mixed directions, though some buying was observed. Soft commodities remained mixed, but we are still recommending not taking any positions.
The Thirty-Year Bond rose, and Crypto and Crypto stocks gained value.
One of our favorite stocks, KEYS, rose almost 23%. Other stocks such as CIFR, AXON, CRWV, AMD, and GLW kept moving higher. NVDA’s earnings will be crucial. We don’t see any negativity about NVDA’s report; stocks will act poistive on Thursday, so one can take long positions in it. Markets got support from positive astro combinations on Tuesday, which is good news, but Wednesday should be watched closely.
We are recommending taking aggressive long positions in CRWV, ORCL, and NBIS on Wednesday. Buy more long in PLAB and AAOI, both stocks will announce earnings this week.
Wednesday astro combinations will turn very supportive for the market after US MARKET hours, which means NVDA will announce positive eanring and on Thursday, NVDA will move higher to take these trades before the Wednesday market closes.
Thanks & God Bless
Mahendra Sharma