Dear Members,
On Wednesday huge selling pressure was witnessed in tech stocks, but on the other hand, DPST and BNKU, the regional banking ETFs moved higher. In our weekly newsletter, we recommended booking profit in the market on Wednesday because of mercury changing its house, and a slightly negative Astro combination forming. We also shouldn’t be forgetting that Mars is in the house of Cancer.
Metals, energy, grains, and softs traded on both sides. Out of all these instruments, Soybean, Coffee, Natural Gas, Cocoa, Zinc, and Nickel traded higher. The Dollar Index and most of the currencies traded in a mixed trend, but emerging market currencies are still rocking against the Dollar and most of the other currencies.
Thirty Year Bond traded sharply lower, and what a great buying opportunity is coming. I will be taking aggressive long positions in 30-year Bond, regardless of the FED decision which is next week.
As per the current planetary positions, the FED will remain very confused, which may create some uncertainty in the market, so do not take aggressive trades.
Silver is ready to blow upside, and cotton, cocoa, and coffee are ready to start a new era.
We made amazing returns in the last month because of our extremely bullish trend in the market. Since last week our view has turned bullish for a regional bank and from this week lithium Astro time cycle changed. We just released the Lithium letter of 8-30 June 2023.
On Friday we will release the first sections of the weekly newsletter to our market news and update sections member.
Thanks & God Bless
Mahendra Sharma