Monday, May 4, 2009

May 2009 Stock Market Forecast

May 5 to June 4, 2009

This is the Yin Earth Snake month. Strong earth energy first half might calm the market, with possible strength or profits for metal industries in second half. Opportunities for one to invest especially in metal related industries.

Favourable industries/sectors: Metal and Earth

Technical Analysis: US indices – likely start of next corrective wave down before rally resumes.

Financial Astrology: Mercury retrogrades on May 6/7, 2009 through May 30, 2009. Its the cycle when things can go wrong. Murphy's Law! Retrograde periods often mark market turns. Sudden reversals might occur in the middle of the retrograde.
There are other major planetary movements which might mark market turns.

Lookout for more details in the weekly update forecasts!

Forecast for Week of May 4, 2009

Markets likely to be slow and weak with potential volatility on May 6, 2009.

Another heavy week of potential market moving economic reports. Key ones on May 7 (Bank Stress Test Results), May 8 (Nonfarm payroll and unemployment rate).

Wow, watchout for May 7, 2009 – Mercury retrograde, Bank Stress Test Results, 100% water element day!

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