Dear Members,
Gold and silver are falling sharply, and I am sure you must have closed long positions on Thursday, any rise from here should be selling as I see one more pop-up next week.
In Yesterday’s Flashnews, we mentioned that Ethereum would outperform Bitcoin, and I mean it. Stay away from any buying in Bitcoin, but surely buy Ethereum on any weakness, but chances of further going down, so next week will be far better to bet on Ethereum. Sell all your bitcoins and buy Ethereum.
Next week, NVDA earnings are coming, and I am still very bullish on NVDA and large mega-cap companies. Today, add some serious long positions and keep room to add more long positions.
Today I recommend buying most of our favorite stocks and keeping room to buy more. Chances of the market being lower from here by 1%, but volatility will continue for the next week.
Markets are pointing sharply lower at opening, but they are ready to rebound. Keep in mind that some more volatility is there. Wait for the weekly newsletter. I don’t see NASDAQ remaining below 25008 and S&P 6738 for more than three days. Today, there are chances of the market rebounding strongly, so take some longs in GOOGL, NVDA, AMD, MSFT, ORCL, ALAB, CRDO, and ANET.
Thanks & God Bless
Mahendra Sharma