LunaticTrader

Investing with the Moon

Outlook June 7

Posted by Danny on June 7, 2010

Has been a wild week.
Stocks rose initially, as we expected, but fell back steeply on Friday.

Going forward we remain in Green Period, so I would look for the market to try the upside again this week.
If the rally turns out to be weak then we are probably in for another leg down in the second half of June.
So we have to stay very cautious here.

It will be very important for the Nasdaq to hold the 2150 level.
Otherwise a drop to 2000 or even 1900 is in the cards.

Good Luck, Danny

Post a comment (disagreement also welcome):

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: