Dear Members,
On Monday, markets gained significant value, exactly as anticipated in our daily and weekly letters. On Tuesday, we expected volatility on both sides, and the market has behaved accordingly, opening down before recovering, which is the most powerful sign as per our theory and astro combinations of today, but markets must close in green, which may happen.
After Monday’s close, SYM and KEYS reported strong earnings, driving both stocks higher. SYM surged nearly 36%, while KEYS advanced around 10%. ZM also gained 15%, supported by the success of its new AI strategy.
Today, DELL is scheduled to announce earnings, and expectations remain strong—continue holding long positions in DELL. ZS and AMBA will also release results, which appear very positive. Other companies such as ADSK, NTAP, CLSK, and WDAY will report earnings as well, with a mixed trend expected, though all continue to hold value.
Several sectors have begun to strengthen, particularly Housing, Financials, and Retail. Sector ETFs such as NAIL, DPST, and RETL are moving sharply higher and should continue to gain. We recommend closing 50% of long positions in LABU.
Precious metals are likely to hold value, while base metals remain under pressure. Keep closing long positions in base metals or sell them today. Grains and soft commodities are expected to struggle—avoid new buying in these areas.
Two of our favorite stocks, GH and GRAL, continue to move higher. Profits may be booked partially, but maintain 50% of long positions.
As highlighted previously, the S&P has remained above 6708, while the NASDAQ has yet to break above 25008. A close above this level today could pave the way for an additional 1% move by Friday in U.S. markets. A green close today would be an excellent sign for Airavath.
Our outlook on Technology and AI stocks remains strongly bullish. Stay long and continue holding positions in our favored names. At this stage, we recommend initiating positions in ORCL, which has tested our lower support level. From around $190, we expect an upward move toward $223 by next week. Google, AMZN, APPLE, PLTR, ANET, CRDO, MRVL, MU, VRT, and ETHU are great buys. Hold long in CLS, CSCO, LITE, and MSFT.
Oil prices are falling sharply, having breached our critical astro support level of $57.78. This opens the door for a test of $52.68. Close positions in Natural Gas.
Crypto rebounded yesterday, time to slowly accumulate our favorite name in cryptocurrencies/etfs/stocks on weakness, not yet to go all-in.
The U.S. dollar experienced profit-taking, while the 30-year bond moved higher, in line with our forecast.
This is a shortened trading week: tomorrow marks the final full session, Thursday is the Thanksgiving holiday, and Friday will be a half-day. With many traders away from their screens, automated trading strategies will dominate activity in this new era of machine-driven markets.
Thanks, and God bless.
Mahendra Sharma