It was a fairly quiet week in the markets as trading volumes ebbed
during the summer holiday season. In New York, stocks gained for the
6th straight week as corporate earnings continued to suggest a positive
outlook. The Dow edged higher by 1% closing at 13,275 while the
S&P 500 finished at 1418. Apple shares hit a new all-time high at
$648, as the market anticipated the release of the iPhone 5. Indian
markets were also bullish as investors responded to better than
expected inflation data. The Sensex climbed 2% closing at 17,691 while
the Nifty ended the week at 5366. I thought we might have seen more
volatility around the early week Mars ingress into Libra and the
Mars-Saturn conjunction on Wednesday. At least the Venus aspect with
Uranus and Pluto did appear to correlate fairly closely with the mid
and late week gains on most global markets.
It seems that Saturn has been on its best behaviour in the early stages
of its transit of sidereal Libra. According to traditional
astrological theory, Saturn is said to be exalted in this sign and
hence it may be somewhat less likely to manifest its negative energy
and pessimism. That has been the case thus far, and even its
conjunction with troublesome Mars has not interrupted the current
stability in financial markets. The basic idea here is that planets
will tend to correlate with negative market moods when they are under
pressure by malefic planets. While Saturn may have a somewhat stronger
constitution here by virtue of its exalted position in Libra, it is
still a potentially dangerous planet which can undergo rapid changes in
its nature. Saturn's changing condition should be our focus in the
coming weeks as it moves into aspect with Rahu, the North Lunar Node.
Apple's new highs provide a good illustration of the usefulness of the
IPO horoscope. Apple was first traded on the Nasdaq on December, 12,
1980 at 10 a.m. The resulting chart is very powerful. The ruler of the
1st house, Saturn, is tightly conjunct benefic Jupiter in the 9th house
of good fortune and higher knowledge. Venus, symbolizing money and
beauty is closely conjunct the Midheaven (10th house cusp) suggesting
significant price appreciation over time. The stellium of planets in
the 11th house of gains is also a big plus for the stock, especially
since Uranus, the planet most associated with technology and
innovation, it tightly conjunct Venus and the Midheaven. Apple is a
technology company that is known for its attention to design and
aesthetics, an area that is ruled by Venus.
But while the natal chart is very powerful, Apple has still had its
share of ups and downs. It almost went bankrupt in the 90s before
Steve Jobs was called back to save the company. The worst time was in
1996 when the stock price bottomed at $3. Interestingly, Apple's bad
times occurred during the Rahu dasha period. Dashas are unique to
Vedic astrology and provide a special window on the larger trends of a
company. When a company is running a dasha period of a malefic planet
such as Rahu and it is poorly placed in the horoscope, then we should
expect problems. In Apple's case, the Rahu period began in 1986 and
ended in 2004. Rahu is more of a negative influence since it is
closely aspected by the 8th house aspect of malefic Mars and Mars sits
in the 12th house of loss. That is a difficult energy to handle even
in the best of times. The 1996 low point of near-bankruptcy occurred
during the Rahu-Ketu period. Ketu is another natural malefic that
often correlates with problems. Towards the end of the Rahu dasha
period in 2003, Apple suffered through another bear market in its stock
as the price fell back to $7 after rallying towards $30 in during the
dot com bubble of the late 90s. But in 2004, everything appeared to
change as the Jupiter dasha period began. Jupiter is a pretty reliable
indicator of growth and this was definitely the case with Apple. Even
though Jupiter is closely conjunct malefic Saturn in Virgo in the
horoscope, its placement in the 9th house appears to have offset other
negative influences. The favourable placement of its dispositor,
Mercury, in the 11th house of gains is another reason why the Jupiter
period has been so positive for Apple stock.
The all-time high in the stock has occurred in the current
Jupiter-Venus period. This is pretty much what one would expect since
Venus is perhaps the most fortunate planet and it is very nicely placed
in the horoscope near the Midheaven with Uranus. The Venus minor
period began in March 2012 and will last until 2015. This suggests
that Apple stock will likely remain quite strong. Of course, dashas
are not everything and Apple will still be subject to a range of good
and bad transits. Currently, transiting Jupiter is aspecting all
those nice 11th house planets in Scorpio -- Uranus, Mercury, Sun and
Neptune. So that is another source of strength for this stock. One
would think, however, that the Uranus-Pluto square will have to create
some problems over the next few months since it is tightly aspecting
the Jupiter-Saturn conjunction.
The planets this week offer a mixed picture. There are a couple of
positive looking transits in the early part of the week that could push
stocks higher. Monday's Venus-Jupiter aspect will be closely followed
by the Mercury-Jupiter aspect on Tuesday and Wednesday. Wednesday
therefore becomes a potential dividing line as the Mars-Saturn
conjunction will be joined by the Moon. The Moon could act as an
immediate trigger for some negativity or it may act as a cosmic marker
for a possible reversal point. I would note that the late week has
some fairly nasty looking aspects including Mars-Rahu on Friday and a
Sun-Neptune opposition on Thursday and Friday.