Friday’s Flash news:
Dear Members,
A great human being of this century who was also my favorite political leader departed today from this world. It is sad news but nature wanted him back from us. We know he is resting in peace now and we pray for family, friends and all South Africans during this grave period.
I have a very close attachment with South Africa and Late Mandela. At the age of 21 I predicted two major predictions on the international front; the first one was Nelson Mandela coming out from jail and ruling South Africa and the second one was USSR breaking up and Mikhail Gorbachev losing his job. At the age of 33 I launched my first book in South Africa. For this reason and many others, I still love South Africa and keep it close to my heart. You can read my article of 1991 “Man of the star – Simply Mind Boggling”
http://www.mahendraprophecy.com/media-scanned-articles.php?cur_page=45&
I am a bit sad at this stage but also happy that we departed as we don’t wanted him to suffer from bad health conditions. I don’t wanted to write todays flashnews but I have to do my job so here is a brief outlook of Friday.
On Thursday most markets traded mixed as everyone is waiting for the Job report. PLUG moved up more than 50% again on Thursday. Hold positions in stocks.
Here are the trading ranges and strategies for Friday:
METAL
Thursday supposed to be positive day for metals but metals traded negative which surprised us. Our medium and longer term view for precious metals is very negative. Sell precious metals on Friday on any rise. Avoid buying metal and mining stocks except steel.
Job report will be in line so stay in buying positions or add on any weakness after job report.
This is what we mentioned yesterday: Last week the metals closed on a positive note but we still doubt this positivity. The metals stocks look very cheap, also short term technical are in a supportive mode but astro indications are not giving any buying for medium and longer term.
Here is Friday’s range: (March 2014 contract):
GOLD: $1240.90 to $1212.20
SILVER: $19.65 TO $19.23
COPPER: $326.00 TO $320.10
PALLADIUM: $738.30 TO $727.20
PLATINUM: $1368.10 TO $1350.70
INDEXES
S&P closed below 1789 on Thursday, If its close 1789 on Friday and Monday the we confirm weaker trend in market so watch this level closely. We are still holding our predictions for rising trend so hold our recommended stocks. Stay long in India, Korea and USA, avoid rest of world and Europe at this stage. It is clear that 1807 is most important astro resistance level for S&P.
Our stocks are doing great, keep holding positions in our recommended stocks. Follow our daily stock report.
This is what we mentioned yesterday: USA equity market traded weaker but get ready to take positions if S&P remains above 1789.
Today PLUG went up 60%, hold positions in stocks. These are our few favorite stocks: Microsoft, FMCC, FNMA, Apple, Yahoo, Zynga, FCEL, PLUG, HZNP, GALE and many other stocks remained on fire, so hold investments in them.
Friday’s trading range (December contract):
AUSTRALIAN (Cash) – 5209 to 5155
NIKKEI (Sep) – 15300 TO 14925
NIFTY S&P (Spot) – 6263 to 6209
SINGAP0RE (cash) – 3140 TO 3112
HONG KONG (cash) – 23771 to 23590
CAC – 4120 TO 4050
DAX – 9178 TO 9045
DEX EURO STOXX – 2995 - 2930
FTSE – 6519 TO 6455
FTSE/JSE – market will be close
S&P – 1798.00 TO 1775.75
NASDAQ – 3497.25 TO 3461.25
RUSSELL – 1129.90 TO 1114.00
DOW – 15909 TO 15750
ENERGY
We are not changing any predictions in energy of yesterday: Get ready to sell oil around $98.00 and same time you take sell positions in heating oil and RB Gas. Natural gas will also start losing value from Thursday. This is what we mentioned yesterday: In this week newsletter we mentioned that Monday and Tuesday some positive could come and we saw. Scorpio Moon positivity is giving is indications that oil may remain in positive directions on Wednesday and Thursday. Best strategy at this stage is trading in and out and buy some PUT options of $90 of Jan 2014. Thursday one should sell oil around higher levels. Astro resistance at higher is $98.18, take opportunity of selling around this prices.
This is what we mentioned three week ago on Friday: Oil fulfilled our lower side target predicted last month when we recommended selling oil around $109, and covered all shorts around 96.35. Last week, we also recommended adding more short positions in oil around $103.80, and targeted the same price on the lower sides of $96.35. We are sure many of you must have covered some shorts around 96.35, but you should hold shorts in energy, etf, and energy stocks.
Friday’s trading range (January 2014 contracts):
OIL: $98.25 to $96.29
NATURAL GAS: $4.23 to $4.05
HEATING OIL: $3.0780 TO $3.0365
RB GAS: $2.7510 TO $2.6910
CURRENCIES
Australian dollar and Japanese will keep losing value. Dollar lost value on Thursday against Swiss Franc and Euro. Dollar is great buy, keep buying on weakness.
Emerging market currencies remain weaker except Rupee. Buy Indian Rupee against Euro and Australian dollar. Indian Rupee broke most important level of 61.90 which clearly give indications that it will move toward 60.32.
Dollar Index will hold 80.00 level. This is what we mentioned yesterday: According to our astro indicators buying USD is one of best trade on this planet. Another two weeks unclear planetary positions will dominate currency trend so trade in and out and keep adding USD on any weakness.
This is what we mentioned five weeks ago on Monday: The Australian dollar trend looks horrible from the end of November, and we won’t be surprised at all if it reaches toward a new low of 2013. Japanese Yen has a limited upside, so take an opportunity of selling on the higher side mentioned below. We don’t see euro going above 1.3887 in any case, so sell Euro if its reaches there and USD won’t go below 79.50.
Friday’s trading range: (December contract)
DOLLAR INDEX – 80.57 to 80.03
AUSTRALIAN DOLLAR – 0.9107 to 0.8999
CANADIAN DOLLAR – 0.9417 to 0.9365
BRITISH POUND – 1.6399 to 1.6279
EURO – 1.3728 to 1.3598
JAPANESE YEN – 0.9884 to 0.9798
SWISS FRANC – 1.1203 to 1.1121
RUPPEE – 62.09 to 61.59 (Spot)
RAND – 10.51 to 10.32 (Spot)
TREASURY BOND
The thirty year bond traded mix Tuesday, trade in and on Friday, watch 128 and 129 level to buy some positions in thirty year bond.
In 2013 the price target of treasury bonds were achieved in the last month for this year, and now you should trade in and out until we come out with the new price ranges.
The thirty year bonds traded mixed. 128 is a very strong astro support point which we predicted six months ago when we recommended selling at 150.
Friday’s trading range (Dec contract):
TREASURY BOND – 130-32 TO 129-24
SOFT COMMODITIES
Soft commodities traded mix on Friday, Thursday soft commodities traded negative which surprised us.
Friday trading range: (March 2013 Contract)
COFFEE: $108.30 TO $104.80
COTTON: $79.65 TO $77.99
COCOA: $2780 TO $2723 Sell
SUGAR: $16.84 TO $16.59
GRAINS
Grains traded negative on Thursday. We are not recommending any trade but trading in and out is highly recommended.
Wheat is still good buy so watch $642 level closely.
Friday’s trading range (March 2013 contracts):
CORN: $438.50 TO $427.25
WHEAT: $660.50 TO $645.25
SOY: $1338.75 TO $1318.25 Jan 2014
SOY MEAL: $423.10 TO $414.10
SOY OIL: $41.35 TO $40.72
Thanks & God Bless, Mahendra Sharma,
5 December 2013, Thursday 4.30 PM, Santa Barbara