Dear Members,
The Fed left the rate unchanged. Tomorrow is a holiday, and Friday is a triple witching day (Futures, options on futures, and stock options contracts will expire). What should you be doing today and Friday? There is an Iran issue, but it is not on my priority list, as I don’t see it as likely to move the market trend. However, pending trade deals are expected to be finalized before the deadline expires on 9 July.
There is a chance that the USA market will increase the tariff trade deadline so that it won’t impact it significantly. Tensions between Iran and Israel won’t affect the market. These two points are essential, as I don’t see a significant impact on the market due to supportive astro-combinations, which is what we mentioned in our book.
Here are your trades:
Buy aggressively long in the dollar, sell most of the currencies. Sell emerging market currencies like Rand, Real, and Peso; they will fall 5% in the next three weeks.
Metals will trade mixed; still, silver is our top trade. Sell base metals as base metals will struggle, but this week is astro-supportive (but we are not recommending any new buying in metals), so from next week we may start recommending selling base metals.
Stay long in grains, stay short in softs as they have been nonstop, and they will move further lower.
We have been recommending shorting oil around the $75.78 level; oil may not be able to close above this level.
Thirty-year bond ready to move higher, start adding now.
Cryptocurrency will continue to move higher, and investors should stay long in crypto stocks.
Our favorite stocks, CRDO, ALAB, and TSSI, are making a big statement; stay long. We have been recommending these stocks for the last 18 months, and again last week, we recommended them. Keep accumulating TEM, AIOT, AMSC, CLSK, AMPX. Frontline stocks like AMZN, GOOGL, TESLA, DELL, AMD, and NVDA are our top picks. MSFT and CSCO will also continue to perform well. INDEXES may test a new high by the end of June.
Don’t short stocks and indexes, as we are in an astro supportive cycle, and as we mentioned in our weekly newsletter, and stocks.
Thanks & God Bless
Mahendra Sharma