Sunday, June 6, 2010

June 2010 Stock Market Forecast

June 6 to July 6, 2010

This is the Yang Water Horse month. Water dominating the first half of the month brings control and dampens the financial market. Market is likely to be volatile. Equity markets likely to be weak in first half, likely to see strength during the second half of the month.

Favourable industries/sectors: Water, earth and fire

Financial Astrology:

June is likely to be a highly volatile month. Remember middle of year is likely to be bearish.

Watch these dates:

June 6 – Jupiter enter Aries

June 7 – Mars enter Virgo

June 8 – Jupiter Uranus Conjunction

June 12 – New Moon

June 21 – Summer Solstice

June 26 – Full Moon, Lunar Eclipse

Technical Analysis:

US Market: Though there is no Hindenburg Omen (HO) yet, another indicator similar to HO indicates a possibility of stock market crash coming over the next several months.

When the Head & Shoulder Patterns are complete and the neckline is broken, markets are likely to continue the waterfall decline down to the target of the H&S pattern.

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