Dear Members,
On Monday, selling was recommended in precious metals, and they traded negatively as predicted in our daily newsletter and weekly letter. It was negative astro combinations for metals on Monday, but on Tuesday, we see a rebound in precious metals, and if they fail to close in green, it will be bad news for precious metal investors. The possibility of closing in green is very high in precious and base metals as well as mining stocks.
As predicted, crypto gained a significant value during the weekend, and it opened higher on Monday. Some profit booking was witnessed in Crypto and crypto stocks. Last week's recommended COIN, MSTR, BMNR, ETHU, and BITU gained a big value. I am sure you must have done very well. I was supposed to start a crypto newsletter, but I still haven’t made up my mind. You can always follow our weekly newsletter, as we write a weekly outlook for crypto for daily trend ranges.
In our daily/weekly letter, we also recommended booking profits in stocks and indexes around the higher side level on Monday. However, we mentioned that one should cover short positions around the lower side level mentioned in the letter because the Tuesday market will gain value. Overall, nothing majorly negative at this stage. Follow our daily ranges closely for everything if you are short-term traders, and also watch closely overall astro resistance and support levels as they work 90% time.
Grains are in the process of bottoming out, softs will trade mixed.
The US Dollar is gaining value; hold short positions in currencies. Keep adding a thirty-year bond on weakness.
Wait for tomorrow’s update, we may recommend buying a few earnings stocks.
Thanks & God Bless
Mahendra Sharma