Friday’s Flashnews
Dear Members,
Our theory is giving clear indications of bottoming out of all major markets on Friday. Scorpio Moon joined North-node on Wednesday and this combination will end on early morning of Friday, this give clear sign that bear trend in stock market will end before USA close on Friday, means US stock market will rebound strong.
Our theory is giving mix signal for commodities for the next six trading days so avoid any position in energy and metals, those who are short in oil should hold sell position. No buying recommendations in metals at this stage.
I would like you to reread yesterday flashnews: Our view about Wednesday and Thursday is very cautious due to Scorpio Moon, here what we stated about Scorpio Moon in our this week newsletter: Wednesday and Thursday will remain very volatile so we don’t recommend holding any position in any markets on both of these days due to Scorpio moon. We haven’t seen anyone till today who has remained successful during the Scorpio moon. Please finish pending work, spend time with family and friends.
In this week newsletter we mentioned about stock market: Most of you would like to know from when the markets will start moving higher. Our answer is from next week. This week we still see markets trading in both side directions but you should start building up buying positions in the markets because we still see a strong rally coming in any time after this week.
This is what we mentioned in the yesterday flashnews: Wednesday were expecting uncertainty so avoid any buying positions in commodities.
One of the best buying opportunity in stocks have arrived, uncertainty will get over by late Thursday. Hold buying position in stocks and Indexes, and those who waited to buy, must get in on late Thursday. We won’t see current prices stock prices after this week.
METALS
Higher side we will see pressure in metals even on Friday so avoid any aggressive buying, you can trade in and out as per predicted trading here below. Avoid copper trade as, zinc, nickel and lead.
This is what we mentioned in yesterday flashnews: Tensions have arrived in the middle-east as Israel has killed Hamas leader and this clearly will create unpleasant scenario which can support precious metal. Also we predicted upward move in precious metals from 15 November, so positive trend may come any time soon. At this point on today we won’t recommend aggressive buying in the precious metals. Those who still like to do must put stop-loss because short term cycles are still showing pressure on higher side in metals, surely medium term looks far batter. I think read this week newsletter and we will get clear idea that why we recommended not buying commodities and stocks during this week but from 19 November we see bull cycle starting any time in metals.
Here is Friday’s range (All December contract):
GOLD: $1721.90 to $1697.90
SILVER: $32.90 TO $32.12
COPPER: $349.70 TO $343.70
PALLADIUM: $635.80 TO $620.20
PLATINUM: $1584 TO $1557.20
SOFT COMMODITIES
Soft commodities traded mix on Thursday but cotton moved up sharply. Higher side is limited for the short term but medium and longer term trend looks most bullish for cotton and coffee. Trade in out in cocoa but avoid sugar and lumber as we see weakness coming in coming day.
Core positions: We still recommending holding 2013 call options positions as cotton and coffee are nearer to bottom.
Friday trading range:
COFFEE: $151.15 TO $147.10
COTTON: $74.89 TO $73.10
COCOA: $2539 TO $2475
SUGAR: $19.21 TO $18.80
ORANGE JUICE: $118.70 TO $114.90
INDEXES
This year we recommended three stocks for Indian investor’s; Tata coffee, Tata Global and Jubilant Food. All these three stocks have done wonders for investors; yesterday Tata coffee went up 20% higher and locked in upper freeze. Tata global gained 80%, Tata coffee and same for Jubilant food also gained almost 100% in the last eleven months.
Read next week newsletter for few more list of stocks to buy in Indian and USA markets.
We are not changing our view on markets so re-read yesterday’s flashnews as it is clearly indicating that markets are bottoming out from short, medium and longer term. S&P fell below 1362, that is bit negative but Wednesday and Thursday we predicted negative days due to Scorpio Moon so we won’t be worrying too much at this stage as our bullish call is still intact. Hold you positions in USA stocks as well as in emerging markets, add more on Thursday. Stock options and future options expiry is coming so smart guys are playing role here.
We won’t surprise if markets rebound strongly on late Thursday or Friday, this is what we mentioned in this week newsletter. Friday huge rally will come in all major markets. S&P will reach 1550 to 1573 by end of this year. Load up positions around 1347, it may touch 1343 (but that prices will remain for short period).
We are predicting strong bull rally any time from late Friday and next week we see bullish trend. Load up stocks in emerging markets, like India, Singapore, Brazil, South Africa, and Russia and in develop markets like Japan, USA and Europe.
Friday trading range:
AUSTRALIAN (Cash) – 4391 to 4340
NIKKEI – 8878 TO 8780
NIFTY S&P (Spot) – 5639 to 5593
SINGAP0RE (cash) – 2950.00 TO 2932
HONG KONG (cash) – 21210 to 20939
CAC – 3397 TO 3350
DAX – 7089 TO 7001
FTSE – 5684 TO 5641
S&P – 1361.75 TO 1342.75
NASDAQ – 2541 TO 2508
RUSSELL – 775.25 TO 761.25
DOW – 12563 TO 12423
GRAINS
We are not changing any view as grains have been trading as per Astro indicators. Grains will trade mix so trade in an out as per our daily flash range. Tuesday we already predicted short term bottom for grains. This is what we stated yesterday: we see recovery so short term traders should cover shorts in Soy, Soy Meal and Soy oil.
Friday’s trading range (December 2012/Jan 2013 contracts):
CORN: $724.75 TO $716.50
WHEAT: $854.50 TO $837.25
RICE: $14.99 TO $14.73
SOY: $1416 TO $1390.25
SOY MEAL: $434.30 TO $426.30
SOY OIL: 48.19 TO $47.05
ENERGY
Thursday oil prices went down as predicted, avoid any buying position in oil as soon it will start trading below $80.00. Trading range remain 100% accurate, in fact we are very happy with our daily trading range accuracy, we can say these levels are coming right 9 out of 10 times.
We are holding our same statement on Thursday’s flash: Wednesday oil prices went bit higher due to middle-east tensions, we strongly recommend avoiding oil at this stage as sharp fall will come any time. Don’t buy oil at this stage. We won’t surprise if oil fall any time after US market open.
Keep holding sell position in Treasury bond and natural gas at this stage.
Natural gas will remain is sideways trend or weaker. Higher side is very limited from here onward.
Friday’s trading range:
OIL: $86.79 to 83.89 (Dec)
NATURAL GAS: $3.82 to $3.63 (Dec)
TREASURY BOND – 152-15 TO 151-11 (Dec)
CURRENCIES
Currencies traded as predicted on Thursday. Yen prices crashed in the last three trading session against USD as predicted, one can cover part positions. Yen fell sharply on Wednesday, in fact many were surprised with Yen fall as Yen psychological trade is buying when stocks fall but they fell with weak stock market trend. Anyway our theory surpassed markets rules book. Many other markets rules will be taken out from the markets book in the year 2013.
Rest of Currencies will trade mix, what our predictions on emerging market currencies. This is what we predicted and holding same prediction for today: Current time will be great to acquire Indian Rupee, Rand, Peso and real, as huge up move is on the way. Rupee may go back to 52.90 within the next few weeks.
Friday’s trading range (December Future contract).
DOLLAR INDEX – 81.25 to 80.86
AUSTRALIAN DOLLAR – 1.0370 to 1.0279
CANADIAN DOLLAR – 1.0008 to 0.9961
BRITISH POUND – 1.5911 to 1.5814
EURO – 1.2821 to 1.2746
JAPANESE YEN – 1.2388 to 1.2279
SWISS FRANC – 1.0648 to 1.0570
RUPPEE – 54.89 to 54.48
RAND – 8.98 to 8.80
We highly recommend subscribe our premium service (weekly newsletter) along with flashnews as both these services will give you clear path.
Reading daily range: When we predict weaker trend; means prices can break lower side and they can trade below predicted lows. On bullish indicators, daily price can break upside.
Thanks & God Bless,
Mahendra Sharma,
Thursday, 15 Nov, 04.30 PM, Santa Barbara