Dear Members,
Markest opened stable and then a sell-off came in. Today is not a very positive astro day, but we are recommending buying some call options in TQQQ and SOXL in the third week of November, as we are very close to the short-term bottom in the market, and may bottom either today or tomorrow. There is a possibility of seeing new heights in the next three weeks, so keep this prediction in mind. There is a possibility of market-traded volatility tomorrow, but buy on weakness is our advice. As mentioned, we don’t see Nasdaq remaining below the 25108 level (right now it is trading around 25131), and we don’t see S&P remaining below the 6708 level (right now it is trading around 6719), so keep this in mind. Our market will not close below these levels for three days, so keep this in mind.
Crypto also lost further value, but they are at a great buying level, especially for those who like to bet on the medium to longer term. Last month we stated to buy Crypto in the third week of November. ETHU is great buy around $70 levels. At this stage, invest money in Ether.
Any time from Monday onward, we may see a sharp rally in the market.
Stay away from commodities. Slowly acquire a Thirty-Year Bond.
Stay long for the long term in USD; it will surprise everyone.
Today, we still recommend buying SOUN, and AAOI will announce earnings, and they look fantastic for the medium to longer term.
Thanks & God Bless
Mahendra Sharma