Monday, July 5, 2010

July 2010 Stock Market Forecast

July 8 to August 6, 2010

This is a
Yin Water Goat month. Market is likely to be weak and sluggish in the first half. Second half is likely to see confusion with unclear signals/directions.

Favourable industries/sectors: Water and Wood

Financial Astrology:

July is likely to be a highly volatile month. Last week of July is likely to be negative (Panic?).

Watch these dates:

July 5 – Uranus retrograde

July 11 - New Moon Total Solar Eclipse

July 21 – Saturn enter Libra

July 23 – Jupiter retrograde

July 25 – Jupiter square Pluto

July 26 – Saturn oppose Uranus, Full Moon

Technical Analysis:

US Market: Phase 3 of Bear Market likely started, Wave C down. 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. The Head & Shoulder Pattern is completed 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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