Dear Members,
As promised, here is an important update:
Last two weeks, markets have been struggling to move higher, and many tech stocks, especially AI-related stocks, have fallen a lot. Look at ORCL, ALAB, NBIS, MSFT, and AMD, which have lost value. ORCL is one of the worst-performing companies of the last six weeks.
AI-related is getting a lot of heat and nervousness among the investment community, but I am not nervous at all. Surely, today late evening, the Scorpio moon will come, and the new moon will also be there. On the other hand, tomorrow is Thursday, so I am not recommending any major positions in the market because of these combinations, but surely I would like to recommend holding long positions in the market. I would love to see if S&P and NASDAQ close above 6708 and 25008, which will confirm a solid bull market that could push markets at least 5 to 7% higher from current levels.
Important note: If Scorpio and New Moon combinations support NVDA earnings, that means the market can rally nonstop for the next 27 days, because whenever this has happened in history, it was very brutal for bears. This kind of combination helped twice in the last ten combinations, so I am not throwing water on Airavath at all. Thursday's astro cycle is supportive for NVDA which means that NVDA earnings will be robust, so I will recommend holding long in NVDA and AI trades. If NVDA opens in green on Thursday, and stays green for 90 minutes that will be very powerful move Airavath will take with authority, so cover short or hedging trade if you have any after watching 90 minutes. If NVDA gives up the gains, then wait for our update.
Surely I will recommend holding in all our favorite stocks, as I still see NASDAQ going to 48888 to 63000 in the next three years, which means all major frontline tech stocks will have their best time. Currently, all major financial media and many banks are turning against AI trades, but they will be proven, so stay with your trade.
Metals moved sharply higher as predicted, gold and silver are dancing on the Tune of the astro cycle. It has been amazingly accurate on a short or daily basis in our weekly and daily letters.
The dollar is holding value, buy a thirty-year bond. Grains and softs are acting as predicted along with the energy market.
Ethereum is our favorite trade, so keep accumulating ETHA or ETHU for the medium to longer term.
GOOGL, NVDA, APPLE, META, MSFT, are our top picks among large mega cap. In the short term, we are recommending buying ORCL, ALAB, CRDO, NBIS, and AVGO.
NVDA can test $218/233 level on the higher side and lower side. If all bears gang up together, then they can push it toward $173 in the pending 2023. I don’t see NVDA going below $148 in the next three years, and on the higher side, it will reach $488 level by 2028.
Thanks & God Bless
Mahendra Sharma