Dear Members,
Wednesday delivered a stellar session for investors, with most indexes climbing higher on the back of strong gains in tech and AI stocks. Notable movers included AMD, DELL, and ANET, alongside several other tech names.
Thursday continues to reflect a bullish tone. We recommend staying long and booking partial profits near the higher end of the range. Many of our preferred stocks have appreciated significantly and are likely to maintain upward momentum.
Metals also surged on Wednesday, with gold hitting another new high. Silver, platinum, and palladium followed suit with notable gains. These metals are approaching our projected top levels. We continue to advise closing long positions at the following targets:
- Gold: $4138
- Silver: $49.38 / $51.15
- Platinum: $1806
- Palladium: $1538 / $1643
A sustained close above these levels for three consecutive trading days would signal the start of a new bull cycle. However, expect potential selling pressure at the top tomorrow—consider taking put options or selling if prices exceed these thresholds.
Currencies declined as anticipated. Some short covering may emerge on Thursday.
Avoid energy, grains, and soft commodities for the next 10 days—they’re likely to remain directionless.
Consider going long on the 30-Year Treasury around the 115-00 level during weakness.
Crypto stocks are gaining traction. Continue accumulating SOLT, ETHU, and CLSL, and hold long positions in GLXY, CRCL, BMNR, BITU, and BTQ.
Thanks & God Bless,
Mahendra Sharma