Review: US stock market Prediction for the week July 20-24,2009

As chart indicates there was a bullish trend un US market last week (see prediction below). However no intra day correction took place.

 

Profits were made on long positions in line with prediction below.( long position if well s fargo and ABK finance were added) ( however due to carryover of short position in First Solar from past week) significant losses were made- not related to our prediction  model. details of profit /loss wil made available later

 

Weekly prediction for july 20-24 for US market:

 

 

US market will generally be bullish this week( or till mid week ) and will tend biouceback from most corrections. However there is strong possibility of strong correction (intra day? ) towards end of week( thursday or friday).

 

Long positions for the week in Diamond index and Boeing corporation shares will be created