(9 September 2020)
The Covid tech bubble finally rediscovered the forces of gravity over
the past week as big tech firms such as Apple and Tesla saw their share
prices fall sharply. Ironically -- but perhaps not surprisingly --
the high-water mark for the tech sector may have been last week's stock
splits of market darlings Apple and Tesla. Both high-flying stocks
began trading the new post-split shares on Aug 31. Tesla peaked on Aug
31 and Apple just one day later and both have suffered huge declines
since. Tesla fared worse, falling more than 30% from its high last
Monday.
We can see how the current planetary alignment may have negatively
impacted the Tesla share price. Using the Tesla IPO horoscope for June
29, 2010, it is clear that the current tense alignment of Mars, Saturn
and Ketu has highlighted a couple of key points in the chart. First,
the Ascendant at 1 Leo is activated by Saturn (1 Capricorn) as it
approaches its direct station in that same degree on September 29.
Saturn is a malefic planet, of course, so whenever it forms close
alignments to key points in the chart (e.g. Ascendant, Sun, or Moon),
stress and disappointment are more likely and prices are more likely to
fall.
Ketu (South Lunar Node) is also in close alignment with the Ascendant and conjunct the 5th house cusp at 2 Sagittarius. Both Saturn and Ketu are slow-moving planets and have been sitting on that pivotal first degree of their respective signs for a couple of weeks. And yet Tesla's price kept rising right up until Aug 31 despite this ongoing dual affliction by malefic planets. Why?
On August 31, Venus and Mercury also aligned with Saturn, Ketu and the natal Ascendant at 1 Leo. Unlike Saturn and Ketu, Venus and Mercury are benefic planets that are usually prominent during periods of increasing prices. Tesla hit a post-split peak of $500 on Aug 31 as Venus (0 Cancer) and Mercury (27 Virgo) joined the fray and thereby lent a more positive energy to the ongoing Saturn and Ketu configuration.
Once Venus and Mercury moved out of alignment (in the first days of
September), the full negative influence of the Saturn and Ketu could be
felt. Ketu also slipped back one more degree from 2 Sagittarius to 1
Sagittarius and thus formed an exact aspect with the Ascendant. We
should also make note of the Mars retrograde station at 4 Aries. This
station is likely a bearish influence on the chart because: 1) it aligns
with malefic Saturn (4 Virgo) and 2) it is only three degrees from
conjoining the 9th house cusp and thus aligning with the Ascendant.
Looking ahead, I would think Tesla is unlikely to return to its previous
highs anytime soon. As Mars begins its retrograde cycle today, its
alignment with Saturn and Ketu and the Ascendant will tighten. This is
likely to coincide with further weakness. Late September in particular
seems likely to correspond with some additional selling.
Weekly Market Forecast
Stocks have generally declined in recent days as last week's
Venus-Mars-Mercury alignment coincided with a significant downdraft in
the markets. Today's bounce was not unexpected given the favourable
Sun-Jupiter alignment, however.
The rest of this week looks uncertain. The Sun-Neptune opposition leans
bearish for Friday and could put market bulls on a more defensive
footing. After its retrograde station today (Sep 9), Mars is now
stronger than usual as it moves backward through the sky until
mid-November. Therefore, we should expect heightened tension and
conflict during this period, as small disputes can suddenly escalate
into significant conflicts. Perhaps not surprisingly, the uncertainty
of the US elections will occur during this Mars retrograde period.
Next week is mixed with some upside possible on next Monday's Moon-Venus
conjunction. The outlook seems less positive after that, however, as
the Sun is due to align with the Saturn-Ketu alignment.
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