Sunday, July 5, 2009

July 2009 Stock Market Forecast

July 7 to August 6, 2009

This is the Yin Metal Goat Month. There are opportunities for profits in the first half. Markets likely to be unstable and volatile in the second half. Probability of a huge correction is high due to the clash between Goat (Month) and Ox (Year).

Favourable industries/sectors: Metal and Wood

Financial Astrology:

Equity markets may be in store for some panic.

Partial lunar eclipse on July 7, 2009 (a full moon) – what effect will it have on stock markets? Watch period from July 4 to July 13, 2009.

Full Solar eclipse on July 22, 2009 occurring on a new moon, longest eclipse of the century – there might be natural disasters occurring. What effect will it have on stock markets? Watch July 15 to July 29, 2009.

Technical Analysis:

US Market: Wave b down comprising 5 waves have started and might last a few weeks. Wave 3 down have started. When wave b down is completed, next is wave c up.

Dow is in confirmed downtrend. A break of 8250 neckline confirms the Head and Shoulder pattern with downside target of 7,700.

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