Review: Trade no 39: US market Prediction - Intra day for June 8

All three aspects of the prediction seem to be in line with observed index movement though steeper correction was expected in the last hour( itwas abt 40 points)

 

After verifying the prices from moneycvv website, profits were

 

1. approx $ 12,000 booked profit from shorting and covering( IBM, Boeing and Caterpillar shares)
2. unbooked combined Loss of $3700 on long positions ( in Aloca(loss) Caterpillar(profit) Walmart(profit)

 

Net profit is about $9000

 

Intra day prediction as Posted on June 8

 

 

US market may dip or correct on opening but likely to move up. A correction is again possible in late afternoon.

 

As we are carrying long and short positions from last week, we will be placing limit price orders  for various shares/index funds to enhance benefit from today's expected/predicted movement in indices

 

 

Pls note today's prediction carries higher risk