Dear Members,
It has been a very volatile week for markets and commodities. Everyone is waiting for FED decisions which will come later today. Sun is changing from Scorpio to Sagittarius after the market closes today which could be a great sign so we will wait and watch without jumping to conclusions as we are still holding our bull market predictions so time to buy now. We already predicted a maximum two hikes are expected in 2022, and that will be also a small one so no major rate hike we expect in the future coming time as well. Today we still don’t see hike or FED will hike very small percentage which will be hardly relevant so get ready to buy stocks today. Market shall be in your buying list today.
Everyone is worried about inflation, but this is not inflation, it is supply chain disturbance which has been pushing prices sharply up in everything. Once the supply chain comes back to normal prices will come down sharply so in our theory we are not worried about inflation. Surely there is a bubble in housing prices in Developed countries and some exotic cities but apart from that there is not anywhere else. Two emerging biggest countries like China are going through a housing market issue, Indian housing prices are studying. African countries are struggling with the housing market. So overall mix trends except USA and Europe.
Today will be a great buying opportunity in the markets, buy S&P and NASDAQ. If the markets close lower today and tomorrow then surely we will recommend staying away until the new turn around day which will come in 2022 but at this stage we see Santa Claus rally. We don’t see S&P going below 4581 and NASDAQ 15641 level. If the market closes today and tomorrow higher then expect the market to test all time high by the end of year because the most powerful wave can develop for bull. It is time to accumulate, not a time to sell. After FED decisions if you like then go aggressive long in markets
Buy today SOXL and TECS, currently SOXL is at $59.75 and TECL 78.65. Also buy some more long positions in AMD, NVDA, NXPI if you are not buying SOXL due to leverage trade. Currently S&P is at 4615 and NASDAQ 15735, these are good level to buy positions, as we already mentioned worst is just maximum 1% from here.
Precious metals will gain some value from lower side levels but stay sideline in base metals.
Buy long in Natural gas as it has been holding at $3.77 level.
Dollar will sell great today around higher side levels as mentioned in daily flashnews 96.86, we still believe that the dollar won't be able to close above 96.57 level for the next three days.
Our book “2022 Financial Predictions” is ready, it will be launched in the first week of January.
Thanks & God Bless
Mahendra Sharma
9.25 am PST