July 2010 Stock Market Forecast
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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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