June 2010 In Review, July Preview
June was another mad-house month but I did get a much needed break.
Between 2 to 7 June, the family and I went back to Korea for the second time in two years, this time, free and easy, and shopped the hell out of the place. We also spent an entire day at Everland and personally, I took 4 RCs … this was one of the most fulfilling times I have spent with my family.
Sorry, didn’t have time to post the pictures but I’ll let you have this 18 course meal for 4 pax which only costs S$59.00. Drool on!
13 June saw the graduation of Wealth Academy’s 22nd Cohort.
On 23rd June, Batch 39 graduated after 8 intensive weeks and an impromptu revision session on Sunday 20 June with Roy and Dianah. This batch is finally coming together after a slow and quiet start – thanks to the coaches also including Gabriel, Leon and Jason.
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July Preview
June 2010 wraps up the worst quarter in more than a year. Now let’s bring on July!
July starts rather bullishly and ends just as bullishly as it starts but can end very poorly if the market is in a bear run. The first day of July has been up 17 of the last 20. The first couple of weeks is usually good for a relief rally but that immediately turns sour the week before Expiration Friday with 7 of the last 11 being bearish. July’s Expiration Friday itself has been down 6 of the last 9. July begins NASDAQ’s worst four month of the trading calendar.
But its not all bad news in July … Independence Day (4 July) fall on a Sunday which makes Monday 5 July a public holiday – a three day weekend – which implies a rally day on Friday 2 July … but it is also Non Farm Payroll day. Could this be an indication of a good return on employment numbers this week?
Let’s not discount what happened last year when July Non-Farm Payrolls came out as the worst in 26 years and sent the DOW reeling 222.26 (-2.68%) to the south on that Friday before the 4 July three day weekend.
Originally Posted by Conrad on Friday 3 July, 2009
… the worst jobs report in 26 years, oil at $66 (last year this time it was $140) and the worst pre-4th of July trading day in more than 100 years … its good to be part of this history!
Anything can happen and patterns tend to repeat themselves. Talking of which, watch for the break-down of NASDAQ’s Head & Shoulders pattern which could lead into more downside for the next few months. At best, I expect it to be volatile … very volatile.
I’m not going to talk about my upcoming schedule for July because it is really stressful but I will be K.L. for the Shareinvestor Event on 17 and 18 July.
That’s it! A short and sharp report for now until I get more time to do a really decent posting again.
Cheers!
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