Rate Hike and Dovish Comments from the FED will Support the Markets
Dear Members,
As predicted FED have hike rate. The FED has just hiked rates and the comments were Dovish comments which will support the markets trend. It also looks like oil is in the process of bottoming out so accumulate March call options in oil as we see strong rebound in oil from Thursday.
Metals traded positively today but it is struggling to move above $1083 even though the comments were Dovish, which indicates that on our predicted higher sides, metals will be a good sell tomorrow. We do not see gold going above $1117 in the short & medium term so the higher side is very limited.
Thirty Year Bond is moving higher but the prices won’t be able to cross 156 so keep adding positions.
Currencies are trading mixed, and as we mentioned Dollar has a limited higher side, but surely it looks like dollar may still hold value this week.
Final Note:
· Great time to buy Oil.
· Hold positions in stocks.
· Stay away from metals and currencies.
· Add more shorts in Thirty Year Bond.
Must read this week weekly newsletter as it most important one for each investor.
Thanks & God Bless,
Mahendra Sharma, 11.15 AM Santa Barbara