(10 March 2021)
US stocks rebounded strongly from last week's lows as Congress finally
passed the $1.9 Trillion Covid stimulus bill today. President Biden
is expected to sign it into law on Friday. This bullish outcome was
not unexpected as I noted in last week's update that bullish Jupiter
would likely assume a greater influence on sentiment this week. Stocks
began their rebound when Jupiter conjoined Mercury last Friday (March
5). The market rallied further this week as Jupiter formed a 30 degree
alignment with Sun and approached another 30-degree alignment with
Neptune.
The month of March is shaping up to be a battle royale between bullish
Jupiter and bearish Saturn. March began with some apparent additional
fallout from the ongoing Saturn-Uranus alignment that was exact on Feb
17 -- just one day after the interim high on the S&P 500. But this
week's rebound suggests that Jupiter may be gaining the upper hand over
Saturn. Aside from the quick alignments with fast-moving planets like
Mercury and the Sun, Jupiter's upcoming alignment with the
slower-moving Neptune is potentially more powerful.
As a rule of thumb, alignments involving slower-moving planets have a
greater effect than alignments involving faster-moving planets.
Therefore, the exact Jupiter-Neptune alignment on March 20 hints at
further upside later next week. We should also note that the 30-degree
Jupiter-Neptune alignment could resonate with the 30-degree
Uranus-Chiron alignment. Whenever planetary pairs have the same angular
separation, their energies are more likely to resonate and reinforce
one another. And with Jupiter involved, the amplification is more
likely to be positive for stocks.
In the meantime, however, stocks may become more vulnerable to pullbacks. Last week, I noted the tense conjunction of Mars to the Ascendant of the S&P 500 horoscope late this week. We can also see some potential trouble in the 1792 NYSE horoscope. Mars forms an exact 120-degree alignment with Rahu (North Lunar Node) while the Sun-Neptune conjunction at 26-27 Aquarius occurs exactly opposite Mars (27 Leo). So a pullback may be in the cards.
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