Friday, July 01, 2011

US stock market intra day prediction: friday july 1.2011

US to open after about 30 minutes with most key index futures mildly now positive

Prediction: Key points

1 US markets may display too much choppiness,volatility triggering reasonable stop losses

2.Market may correct after opening.likely to reach a low/lowest level before 1pm( sell  i.e buy index puts when dow hits 50-80 points in first hour of trade

3. market will peak/hit high point in penultimate hour of trade.hence buy after 80-90 point correction

4. market may correct sharply in last hour though this is riskiest part

please follow at www.twitter.com/sujatkamal for possible buy/sell targets once market starts trading or at www.stocktwits.com/sujatkamal

Wimbledon predictions may be posted over the weekend

disclaimer: suggested sell/buy targets are not part of prediction. all risks to be borne by trader

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