American markets ahead

S&P500 made a high of 2939 followed by a minor profit booking in the previous session. Mars has already changed house. It is Jupiter-Moon conjunction as well. Market shall be overall positive. Towards the closing, profit booking is likely to happen. It has support at 2900. S&P500 is ready to bounce back towards 3000. DOW has support at 26000 and it may bounce back to 27000. RUSSELL has support at 1500 and it may bounce back to 1550. Jupiter is turning direct on 11th August 2019. This is also positive for equities. On Monday, Uranus will retrograde. Market may experience a large move. We expect this large move to be positive. There are two ways to look at it. Either, the US-China trade war may observe some relief or China may give a stimulus package to its industry. A major question ahead is if S&P500 will cross the 52-week high in medium term. The probability is as high as 75%. The horrible time is over for market in near short term.

We asked you to long AMAZON, NETFLIX, AMD, APPLE on Wednesday. AMD is up by 17%, AMAZON is up by 3%, NETFLIX is up by 4%, APPLE is up by 3%. Today, it is advised to book partial profit in AMD.

Also, it is advised to buy marijuana stocks (such as BUD, ABBV, WEED.TO, CRON and TILRAY). In next 3-4 weeks, highly bullish trend is possible.