Dear Friends,
Here is Thursday's flashnews as a gift here. We always send Flashnews to our subscriber members before opening of Asian markets. Lately our flashnews services has become most popular. ...Thanks & God Bless
Mahendra Sharma
Thursday’s trading range of all major markets Dear Members, Wednesday uncertainty took markets into turmoil, commodities, indexes and currencies lost value sharply. Only USA stocks and USD remained firm and gained value. So far, Year 2012 proven very accurate of investing money in USD and USA Stocks. Yes, we came wrong on metals advice but we found the right track again. We said yesterday in our flash - I don’t know why anyone will buy Euro at this stage; I don’t expect longer term values in Facebook as the Astro chart is very negative. For calling a negative outlook for Facebook, we needed 100% trusts in our work. We predicted to not buy Facebook as we mentioned that in the longer term, Facebook has almost a 90% value in the longer term so you have to be very careful. One mistake was caused by launching the IPO road-show on the most negative day. This changed the whole future of the company; that is why positive Astro days are so important. We always recommend our clients to take most of the important decisions on positive days. Unfortunately, my subject doesn’t hold that great respect in today’s world, but the hidden truth of negative and positive Astro cycles creates a wave of message. Fort and medium term recommendations: I still recommend keep adding USD in your account. Next best investment will be buying emerging markets currencies within the next two weeks. Emerging countries stock markets will bottom out soon. METALS Wednesday metals traded weaker, end of day they recovered from lows, we don’t advise to hold any long position at this stage. Sell on higher side. Here is Thursday’s range: GOLD: $1566.75 to $1547.10 SILVER: $28.01 TO $27.34 COPPER: $346.00 TO $340.10 PALLADIUM: $601.00 TO $583.80 PLATINUM: $1435 TO $1417 SOFT COMMODITIES This is what we mentioned on Monday - Coffee and other soft commodities traded weaker on Monday, it was positive day and trading negative is giving clear indications that coffee may go lower to $172 or even $165. Don’t buy any soft commodities at this stage. There is small risk in coffee trading but reward side is very high as prices may sky rocket so trade with low leverage. One can hold small position without fear and add on weakness. Its looks like that our lower side target of coffee and cotton got fulfilled on Wednesday. Now accumulations time has started but no need to hurry but surely one can accumulate coffee around $165.00 and cotton $72.00. Avoid rest of soft commodities. Thursday’s trading range, all July contract: COFFEE: $165.00 TO $169.05 COTTON: $71.53 TO $73.38 COCOA: $2102 TO $2153 SUGAR: $19.75 TO $19.29 ORNAGE JUICE: $106.05 TO $100.10 INDEXES Asian and European markets went down hard, but USA equity gained some value by end of the day on some positive announcement from EU members to keep Greek in EU and take more measure to support problematic countries. I won’t recommend jump in and buy stocks or indexes at this stage. Time to remain sideline or wait for better opportunity and I am sure planets will guide of right timing. Here is Thursday’s trading range: AUSTRALIAN (Spot) – 4039 to 4107 NIKKEI – 8505 TO 8635 NIFTY S&P (Spot) – 4802 TO 4869 SINGAP0RE (Spot) – 2801.7 TO 2780.00 HONG KONG (Spot May) – 18803 to 18520 CAC – 2962 TO 3035 DAX – 6398 TO 6271 FTSE – 5338 TO 5241 S&P – 1323.75 TO 1306.50 NASDAQ – 2562.5 TO 2521 RUSSELL – 757.50 TO 772.25 DOW – 12507 TO 12401 GRAINS Grains remained weaker on Wednesday as predicted. Only corn and meal were able to close in green. We may see some positive or sideways trend in grains on Thursday. Here is day trading range for Thursday: CORN: $598.25 TO $614.25 WHEAT: $662.25 TO $680.5 RICE: $15.23 TO $14.95 SOY: $1348.25 TO $1378.75 SOY MEAL: $411.9 TO $401.70 SOY OIL: 48.75 TO $49.71 ENERGY Oil remained weaker, Treasury bond gained handsomely and natural gas traded sideways. Thursday mix trend will continue in all these futures area. Don’t short Treasury bond at this stage because it may cross 150 before its start moving down. Thursday’s trading range: OIL: $91.78 to 89.78 July contract, (sell oil) NATURAL GAS: $2.62 to $2.80 June contract TREASURY BOND – 147-17 TO 148-12 CURRENCIES US Dollar and Japanese yen gained handsome value on Wednesday as predicted against all most every currencies. Our view on USD is very bullish so don’t short USD but we advice you short Yen around current level of 125.81. Thursday short term currencies may gain against USD but again by end of the day it will lose value so sell once they reach on higher side value below here predicted in flash. Wednesday’s trading range is here: DOLLAR INDEX – 81.97 to 82.51 (buy) AUSTRALIAN DOLLAR – 0.9835 to 0.9671 CANADIAN DOLLAR – 0.9803 to 0.9721 BRITISH POUND – 1.5739 to 1.5619 EURO – 1.2650 to 1.2532 JAPANESE YEN – 1.2639 to 1.2525 SWISS FRANC – 1.0548 to 1.0445 RUPPEE – 55.65 TO 56.39 RAND – 8.33 to 8.44 Thanks & God Bless, Mahendra Sharma, Wednesday 4.30 PM Santa Barbara Here is file of this week Newsletter...OPEN PDF