Dear Members,
Global markets are likely to experience volatility on Monday, influenced by the Scorpio Moon. We recommend staying on the sidelines for now and keeping your focus on the U.S. market, which appears poised to test a new high. Allow this period of uncertainty to pass.
Get ready to buy NASDAQ at 23900, and SOXL at $43.00, we don’t see SOXL remaining below this level. Also, we don’t see UVXY remaining above the $62.00 level.
On Monday, due to the Scorpio Moon, those with deeper pockets may consider buying stocks and indexes near the lower ranges, leaving room to add more on Wednesday. We anticipate a strong rally developing later this week.
Oil prices are trading sharply higher. Prepare to take aggressive short positions, as we do not expect oil to remain above $112.11 for more than five days. The $117.88 level is another ideal area to initiate selling. This is an opportune time to begin building short positions through put options—specifically, May contracts with a $100 strike price.
Precious metals may trade on both sides, while base metals are likely to decline. Precious metals should be on your buying list on Monday at lower levels. Gold and silver have already tested the lower ranges mentioned in our Daily Flashnews and Weekly Newsletter. Today’s astro support levels are $5021 for gold and $79.88 for silver.
Book profits in grains as they approach higher levels.
The U.S. dollar is nearing our projected higher-side target of 100.28.
Prepare to buy the Thirty-Year Bond around the 114-00 level.
AMPX gained nearly 35% last week. We recommended it at $7.00, and our target now stands at $100.
Please watch for Wednesday’s late update, as an important astro time cycle begins on Thursday.
Thanks & God Bless,
Mahendra Sharma