---

As of Friday, October 11, 2024, the S&P 500 closed at 5,815.03, up 34.98 points (0.61%) from the previous day. Over the past week, the index gained 1.23%. Meanwhile, the Nifty50 is at 24,964.25, down 34.20 points (-0.14%) from the previous day. Over the past week, the Nifty50 has gained 1.45%.

Jupiter will go retrograde on October 9, 2024, at 03:04 AM New York time. Last week, Jupiter caused the market to trade in a narrow range. The Sun will transit to the next sign of Libra (Tula Rasi) on Thursday, October 17, 2024. Jupiter and the Sun will form a perfect square aspect when the pre-market opens on Sunday evening, New York time. Venus has entered Scorpio (Vrischika Rasi) and is receiving aspects from both Jupiter and Saturn. I expect the market to remain stagnant, leading to another set of choppy sessions. Speculators, especially those trading with call and put options, will likely lose a lot of money. Option sellers might see good returns, but it comes with very high risk. Only professional traders and fund managers should engage in selling options. The best strategy for retail investors is to avoid any speculative trading and stay in cash for the entire week. Individual stock picks like DJT, NVDA, TSLA, and NFLX will experience some volatility.

Bitcoin

As of Sunday Oct 13, 2024, Bitcoin is trading around $62,594.95 and its flat for the last one week. We may have another choppy session, mid next week - Wednesday and Thursday will have good volatility with Sun enters its deblitated sign. It is a good time for swing trading.

Gold Price

As of Sunday, October 13, 2024, gold is trading around $2,656 per ounce, showing little change from last week. The range-bound trading session may continue for another couple of weeks. I expect gold prices to peak ahead of Diwali, around October 31, 2024. This is a long trade with a small margin, so it's safe to wait in cash until around October 31, 2024, to sell.

Trump leading the polls

Oct 13, 2024 This world has surprised with Former President leading the polls since last week. But this is not a surprise as this outcome was predicted well ahead of time. Jupiter retrograde on Oct 09, 2024 ended Kela Yoga. When Sun gets deblitated on Oct 17, 2024, the golden phase for Vice President Kamala Harris will come to an end. While former president Donald Trump will enjoy good fortune until Nov 14, 2024. I see former president Donald Trump to win this election, even though election result could be delayed by one week.

Click here to watch my youtube predictions about Trump winning Presidential Election in Nov 2024.

Weekly Trading Forecast

Date	Forecast	Confidence Level
Mon Oct 14, 2024	I expect the market to be slighly bearish. It is a time to stay in CASH. If SPX has fallen over 50 points, then it is okay to long for the next 1-2 days.	80%
Tue Oct 15, 2024	Market will be slighly bullish. I do not recommend opening any new position.	80%
Wed Oct 16, 2024	Market to be choppy and slightly buliish when Sun is transiting at higher degree in Kanya Rasi. Good time to close your position and stay completely in CASH.	80%
Thu Oct 17, 2024	Market may go down a little with Sun gets deblitated in Tula Rasi. You may start receving unexpected twists and turns in the politics. But the percentage of drop could be very limited.	80%
Fri Oct 18, 2024	Market to be rangbound and less volatile. Overall, I expect S&P to gain just 20 points for the whole week. My weekly target for SPX is only at 5834.	85%

 

Expected Trading Range for this week

Ticker	Trading Range
SPY	573.70 - 585.46
QQQ	486.69 - 500.44
NIFTY50	24685.63 - 25242.87