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Outlook July 19

Posted by Dan on July 19, 2010

The markets ended the Green Period in style with another strong up day on Tuesday.
We warned for two strong up days in our outlook two weeks ago, and two strong up days is what we got (7th and 13th July).

Meanwhile we have entered Red Period and already saw the market come down last Friday.

Going forward, I expect further pressure on stocks this week and next, as we get through a Red Period again.
If we hold above the recent lows, then we will be well set to see a nice rally in early August.
A break below the recent lows (~ 2060 on the Nasdaq), would probably lead to a nasty fall.

We have added a new page to the blog where you can follow the recent performance of our lunar cycles approach. You can access it from the “Performance” tab in the menu bar, or just use this link:
Nasdaq is now up 540 points in our Green Periods, while it is down 258 points during Red Periods. Not bad.

Greetings, Danny

2 Responses to “Outlook July 19”

  1. willem said

    hope you are right danny i bet on down tommorow 26 july for now it was rising while whe are in the red

  2. Danny said

    Hi Willem,

    We are getting near the end of Red Period so I would be very careful to make new bets on the downside.
    Of course it is very possible that we will start this week with a few down days, but given the market resilience in this Red Period so far, I am already looking for good chances to get in on the upside.

    Personally, I have covered my bets on the downside last Thursday, when I saw the market was easily recovering from the previous day’s losses.
    But this is of course a matter of personal trading style.

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