Dear Members,
Every investor will be watching today’s FED decision because it is a very crucial one, but more than today’s rate hike decision, many will be interested in the FED statement. I am not keen on both of these events; I am more interested in the market pattern after Saturn’s transit on the 29th of April. So far, we are happy that the markets performed mixed to positive on Monday and Tuesday, as this is great news for investors. Another piece of good news for investors is that S&P is holding 4161 and NASDAQ 13011. These are the most crucial Astro support levels, and we don’t want to see both these indexes closing below these levels for three to five days in a row.
Most of you are aware that I never change my predictions, however, whenever I am wrong, I like to watch what is happening in the market. This year’s dollar and oil predictions are off, but I am watching closely whether a new world order is taking place from energy; whether it’s because of the new Astro combinations; or whether they are just off the track and will fall back on the right path.
For the last month, we have been recommending staying on the sidelines without buying any positions in metals, even though now they are trading closer to our buying levels. We may wait for the one more drop because the current Astro cycles are not favoring precious metals at all for the last month, and we have been recommending staying on the sidelines. Holding cash and waiting for the right opportunity is a great strategy now so don’t jump in. We are very close to the first important support level of $1837 in gold and silver at $21.57. We have been not recommending buying in base metals so keep this in mind.
We have been predicting a very tough time coming for commodity traders and commodities so it would be prudent to liquidate the commodity portfolio for at least a few weeks before you buy some of our favorite commodities back. The overall scenario in the commodity market remains very choppy except for a few of our favorite commodities. Yes, silver is our top trade, but we have been recommending buying it from the 21st of May 2022, which is still to come, so keep this date in mind to enter longer-term silver trading positions.
Grains are on our favorite buying list, and for the last month, we have been waiting for a 10% correction before we start buying. Coffee is also one of our favorite trades from late this month, along with cocoa so keep a close eye on both these commodities. Our Weekly Newsletter and Daily Flashnews will guide you accordingly.
Today is not important as per our theory, however, tomorrow (Thursday) will be one of the most important days for the markets, and we are recommending buying the market on any weakness today (follow the daily ranges to take trades) as tomorrow the USA market will make a big statement.
The currencies market will bottom out tomorrow, and weakness after Fed decisions today should be taken as a buying opportunity in a few currencies, watch the dollar index higher side 104.75, which is the selling level.
Oil is ready to drop big in the coming time and it won’t move above $109.78. Between $106.88 to $109.78 are great selling levels. Don’t short Natural Gas at all as it is on our top buying list in 2022, though the first important higher side target got achieved today at $8.18.
Wait for some corrections as silver is a great buy as it is heading toward $75.00.
Grains, coffee, and cocoa are entering our buying list.
AMD, CRUS, PAYC, and LTHM (Lithium company) gained. Now, this week’s top favorites are ANSS, NET, MELI, DDOG, HUBS, and SHOP. These are all good companies to buy, but out of all of them, ANSS is our top pick. NET is at a loss but pick up all these companies, and in the next three months, they shall move up more than 30% so keep this in mind.
Final note: We are not expecting another 50 basis point rate hike in 2022. The FED will remain less hawkish in the statement, and for the rest of the 2022 FED meetings. We see inflation falling sharply, as we see commodity prices coming down, except for a few commodities. We are warning commodity traders to lighten up their positions as the coming cycles are not exciting ones at all.
Wait for tomorrow’s daily flash news.
Thanks & God Bless
Mahendra Sharma