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Market In Reverse Gear on Friday
As predicted earlier this week, the stock market recovered from Tuesday to Thursday. On Friday, S&P500 made a high of 4215. We had a buy call on S&P500 at 4115 on 24 August 2022. Booked profit in this long position at 4205 today (26 August 2022) and took a short position. Booked 50% profit in the short position at 4100. Similar positions were created in NASDAQ, RUSSELL, and DOW.
In today’s Daily Newsletter it was mentioned that the market would witness a sell-off right after Powell’s speech at the Jackson Hole symposium.
After-market update: S&P500 close to the second lower target of 4040 (LTP: 4043).
Integrate Market Timing in your Portfolio
Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
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