Wednesday, August 05, 2009

US stock market prediction for August 2009

Outlook/prediction of US stock market,Dow 30, Nasdaq composite in August 2009 ( based on Tarot cards)

After a correction US market in this week and early part of next week ,dow jones index likely to gain amidst choppiness and volatility. Last phase of August( last 10 days approx) will be best.However US indices may make modest net gains over July closing value. S&P 500 index may outpefrom other indices.

Strategy: Buy index (Dow 30 or S&P 500 index) call options after the indicated correction in early part of this month

Pls note: July 31 closing values were as follows- dow 30: 9171.61, Nasdaq comp: 1984.30 and S&P500 index:986.75

Disclaimer: Risk/responsility lies solely with those using these predictions

 
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