Dear Members,
Today metals and currencies will rebound so Thursday is great day to buy currencies and metals. Markets will move aggressively higher as S&P closed around 4403 level which is one of the most important level. Semiconductors stocks can move aggressively higher so don’t miss to add more positions.
Today one of our small favorite company AEHR will announce earning, it should move 50% in the next one month. This is we recommended at $2.80, now it is trading around $11.75.
Here is small of daily flashnews;
Thursday Daily Flash news (Unedited report)
FED meeting passed smoothly as expected, no rate hike and no timing on tapering…
Dear Members,
On Wednesday FED event passed without any major outcome. Fed kept rate unchanged to zero and no indications when tapering to start which helped market trend as stocks rebounded strongly and held gains.
Precious metals and currencies lost some value after FED announcement but as predicted, Thursday will be great day to buy positions back in precious metals and frontline as well as emerging market currencies.
Grains and softs acted mix as predicted. Bond market remained in the mix directions.
Now focus will be back on China and Chinese company Evergrande, though short term news has been good with infusions of some capital from the institutions but still many are worried. It has been huge impact on home buyers in China and it has shaken up people there.
Chinese stocks stopped falling now which is good news, as value buying started because even giants like BABA, BIDU and TENCENTs lost half of value. International investors are moving away from Chinese stocks but they can get in back once they find too cheap.
Thursday astro combinations are supportive for markets, metals and currencies so stay long and add some positions in metals and currencies around lower side levels.
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Thanks & God Bless
Mahendra Sharma