July 29, 2024 - Major Tech Earnings / FOMC Meeting while Mercury goes retrograde.


Major Tech Earnings / FOMC Meeting while Mercury goes retrograde.

S&P500 closed at 5459.10 on Friday July 26, 2024. After more than one year, we had a good selloff on Wednesday July 24, 2024. It is the early indication of the poweful guru mangal yoga.


click here to watch my crash predictions short around July 31, 2024 (+/- one day).


As I mentioned in the last news letter, I see the effects of Kela Yoga and Guru Mangal Yoga now. The stock market may experience a huge volatility this week. It aligns with big tech earnings and FOMC meeting. When the FED minutes comes out, Moon will be transiting on the Star of Mrigashirsha ruled by Mars. It is a clear bearish pattern. SPX could drop 150 - 200 points or even more. It could happen on Wednesday or Thursday.

The only flip side of this prediction is the inversion. Based on Planetary position, I see volatility is confirmed, but traders need to take risk on direction. As bearish planet is fully dominant, it is worth taking bets on short side and hedge your bets against calls options. My last week Strangle trading strategy looks good even now. You can take buy VXX call options.

Mercury going retrograde on Aug 4, 2024, but its effects can be felt from Monday July 29, 2024. Interestingly, FOMC meeting, and tech earnings on wednesday confirming huge volatility for the stock market.
Gold / Oil Forecast
I will post a detailed forecast for Gold and Oil in the next few weeks. At present, I could see gold spike to $5000 per ounce (currently $2350) in the year 2026. At the sametime, crude oil will be trading above $200 (currently $76). I am expecting over 100% rally for both Gold and Oil.
Real Estate Price
I will post a detailed forecast for real estate in the next few weeks. At present, I could see we are in a affordable range for buying homes in the USA. While the home prices could drop a little while stock market crashes, but immediately gains with the interest rate cuts. It is a good time to buy homes and other investment properties until April 2025. Then I expect the home prices to increase significantly, the gains could be over 80% by 2027.
US Dollar
I see US Dollar is overvalued, but it is unlikely to collapse. Before US$ goes down, I see a possibility of Euro going down significantly. It is a good idea to have your savings in fixed assets and gold bar. Indian Rupees are also becoming attractive as it is currently undervalued. Overall, I see the chances are US$ to go down more for the next 2-3 years.
As I posted last week, I am counting on big crash one day of over 4% on July 31, 2024 or Aug 01, 2024.
Strangle Trading Strategy
Long Put Options for SPY expiring Sep 30, 2024 (70 - 80%)
Long Call Options for SPY expiring Aug 30, 2024 (30 - 20%)
Long VIX Strategy
VXX - Barclays iPath Series B S&P 500 VIX Short-Term Futures ETN is a good buy at present. You can buy it as a stock and long call options.

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