Dear Members,
Flashnews of Day trading strategy for Thursday, 8 March 2012
In this week’s newsletter as well as yesterday’s we mentioned that the Wednesday and Thursday metals and stocks should remain positive. On Wednesday they moved up and we are expecting the same for Thursday. Yesterday we stated - If my theory is right then from Wednesday all metals should start trading positive, especially gold, silver and copper. It is a challenging day for me and my theory; there should be huge up move on Thursday.
Our theory indicates that the rising trend will continue on Thursday for metals so hold your trades, don’t go short on metals.
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Buy metals fearlessly on weakness, Here is Thursdays trading range:
GOLD: $1677.1 to $1699.80
SILVER: $33.09 TO $34.95
COPPER: $371.9 TO $381.8
PALLADIUM: $679 TO $699
PLATINUM: $1625 TO $1655
For Thursday we will say same thing - On buy call options in coffee and cotton, no future trades.
Here is Thursday’s trading range: May contracts
COFFEE: $185.20 TO $192.80
COTTON: $89.60 TO $91.86
COCOA: $2312 TO $2250
SUGAR: $23.68 TO $24.15
ORNAGE JUICE: $185.20 TO $189.20
We advise you hold your trades in indexes and add more on any weakness. Financial will move up this week with natural resources like uranium, metals and rare earth stocks on Thursday and Friday. Buy banking stocks like Bank of America, Goldman and JP Morgan. Our target for S&P is 1407 by 18 March.
Here is Indexes day range for Thursdays trading:
AUSTRALIAN – 4133 to 4183
NIKKEI – 9605 TO 9719
NIFTY S&P – Market is close
HONG KONG - 20519 TO 20759
CAC – 3452 TO 3394
DAX – 6759 TO 6659
FTSE – 5823 TO 5755
S&P – 1348.25 TO 1361.75
NASDAQ – 2593 TO 2629
RUSSELL – 787.25 TO 804.25
DOW – 12787 TO 12929
Unexpectedly grains went down sharply on Wednesday and this giving cautious sign as it was positive day so avoid grains at this stage. Friday big grain data coming out and we may see huge volatility. I still recommend not to short grains as bit concern data can push prices to limit up.
Here is day trading range for Thursday’s:
CORN: $635.5 TO $644
WHEAT: $634.75 TO $650.5
RICE: $14.15 TO $13.38
SOY: $1335 TO $1318
SOY MEAL: $360 TO $368.7
SOY OIL: 53.48 TO $52.73
Oil remained in the predicted range. This is what we mentioned in this week newsletter - NATURAL GAS WILL BOTTOM OUT ON THURSDAY SO GET IN AFTER THURSDAY’S INVENTORY. Buy natural gas around $2.25.
Thursday’s trading range for energy April contracts:
OIL: $105.01 to $107.07
NATURAL GAS: $2.25 to $2.38
TREASURY BOND – 142-01 TO 143-07
Currencies have been trading as predicted so trade in and out in currencies, it is positive day for markets so may help all currencies against dollar. Thursday’s trading range is here:
DOLLAR INDEX – 79.52 to 80.03
EURO – 1.3209 to 1.3087
AUSTRALIAN DOLLAR – 1.0612 to 1.0516
CANADIAN DOLLAR – 1.0051 to 0.0979
BRITISH POUND – 1.5809 to 1.5678
JAPANESE YEN – 1.2381 to 1.2272
SWISS FRANC – 1.0948 to 1.0859
RUPPEE – Market close
RAND – 7.61 to 7.54
Thanks & God Bless
Mahendra Sharma,
Wednesday 03.50 PM, 5 March 2012, Santa Barbara
Last comment came from Milind - Wednesday, 07 March 2012
Name: Milind
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Read more - http://www.mahendraprophecy.com/testimonials.php
Price will change around 7.00 am New York time on Friday.