Worldwide markets slipped back Tuesday after Monday's relative strength. New York ended down about 0.5% closing at 12,576/1365. We should see continued downward momentum Wednesday, but some upward intraday movement is still possible.
Bombay saw some profit taking after Monday's unexpected rise as the Sensex closed down 169 pts to 15,587. I expect more significant movement on the downside Wednesday, maybe to 15,000.
Tokyo fell back 1.5% to 13,250. Expect more of the same Wednesday, although 13,000 resistance may hold.
Against our expectations, the Euro is holding fast to $1.57 after Tuesday's trading. The negative pressure should increase as the week goes on, although the selling may be fairly modest and focused on Thursday's trading.
Oil was rock solid today holding onto Monday's gain to close up a bit at $108.86. This confirms my weekly forecast for rising prices in the early part of the week. There will likely be some pullback as we go on this week.
Gold dropped back $9 to $918 Tuesday after a strong Monday. I think most of the momentum will be down this week starting Wednesday as tr Moon conjoins the natal Ketu. We are on target to close under $900 for the week.
Tuesday, April 8, 2008
Sunday, April 6, 2008
Market Forecast -- week of Apr 7-11
New York opens trading Monday at 12,606/1370 after last week's gains as we had forecast. I think we're heading lower this week. The New Moon chart is a mixed bag with lagnesh Mars causing problems in the 8th house. On the plus side, Jupiter is reinforcing notions of wealth in the 2nd house. However, there are couple of potential bearish indicators forming this week as Mercury squares Mars, and Sun squares Jupiter, both perfecting on Thursday. On that day, tr Moon is aspected by Rahu, so that's another signal that we may be in for a larger scale decline that day on the order of 1-2%. To complicate matters, tr Venus will be sitting on the 11th cusp of gains in the S&P500 chart on Thursday so that will exercise an offsetting influence to some extent. Alternatively, the Venusian up day may be pushed forward to Friday. Monday and Tuesday may see gains as the Aries Moon falls under the aspect of Jupiter. At this point, I think Wednesday and Thursday will be the most negative. By Friday, I think we'll be under 12,400/1350 with possible weekly intraday lows of 12,200/1330. If Monday and Tuesday are pretty solid up days, then we'll finish Friday closer to the higher 1350 level. If not, then those intraday lows of 1330 may well be closing prices. In any event, I think the market is headed into a more bearish period here over the next couple of weeks, so even if this forecast is a little off this week, the negativity will catch up next week. I am not ruling out a retesting of the winter lows of 11,750/1270. More details later.
Starting Monday at 15,343, Bombay looks like it will have a negative week. Transiting Mars will conjoin the natal Mercury by degree in the BSE 1875 chart which will set off the natal nodes as well. This is most likely to manifest on Wednesday when it is exact. And on that day the tr Moon will square the tr Saturn. This looks like a substantial move to the down side, perhaps on the order of 3-5%. On Thursday, tr Mercury will conjoin the natal Rahu in the 1875 chart so that also does not bode well for the market. Some up days are still possible on Monday, Tuesday and Friday, however, but they don't look that good. To top it off Sunday's New Moon showed Saturn and Ketu as the lowest point in the sky -- a very bearish signal. I'm confident we will be easily below 15k on the Sensex by Friday and down to 14,500 intraday at some point. I would also say that there's a 50-50 chance we will end 500 pts lower on both of those target levels.
Tokyo opens Monday at 13,293, right in line with last week's forecast for a close over 13k on the Nikkei. This is looking like a losing week as Mars falls in the 12th house of the New Moon chart. Monday looks bearish as tr Moon hits the natal Mars in the TSE chart. Wednesday is likely the worst day of the week as tr Mercury opposes Neptune in the TSE chart whilst tr Venus sits on the cusp of the 8th house in the Topix chart. I think we should finish below 13,000 this week, with some intraday lows below 12,500 very possible.
The Euro gamely held onto its relatively lofty levels above 1.57 last week but the picture darkens this week as tr Sun will be caught in the crosshairs of the aspect of natal Mars and then will go on and apply to conjoin the natal Saturn. I think we could see a big fall this week, probably below $1.55 by Friday and perhaps down as low as $1.53 intraday depending on how bad Monday is. If we see the Euro drop by a full cent Monday, then a more bearish outlook is likely for the week. Next week looks even worse for the Euro. The US dollar is coming back with a vengeance.
Oil starts the week above $106 after last week's gains. I think we should finish the week at or above these levels, between $105-108. The early part of the week looks best as the Moon conjoins the natal Venus on Monday and tr Mercury comes under Jupiter's benefic influence. There is the possibility that some of the bullish patterns on Tuesday and Wednesday may negated by tr Mars' square to Mercury. At this point, it seems that gains will be limited to less than 1% on each these days but I admit there is a chance we could move lower, albeit not by much.
Gold opens at $913 after last week's sharp sell off. I don't see Gold holding on here. It is likely to move lower this week, closing below $900. Monday opens bearishly as tr Mercury falls under natal Rahu's aspect while squaring the natal Sun. There will be some upward movement but it probably won't be strong. Next week looks like another sharp move downward, so we may get an early start on Thursday and Friday as tr Mars conjoins the natal Saturn. This is the same aspect that marked the sell off after the May 2006 top. I think we're going to see Gold fall below at least $850 over the next two weeks.
Starting Monday at 15,343, Bombay looks like it will have a negative week. Transiting Mars will conjoin the natal Mercury by degree in the BSE 1875 chart which will set off the natal nodes as well. This is most likely to manifest on Wednesday when it is exact. And on that day the tr Moon will square the tr Saturn. This looks like a substantial move to the down side, perhaps on the order of 3-5%. On Thursday, tr Mercury will conjoin the natal Rahu in the 1875 chart so that also does not bode well for the market. Some up days are still possible on Monday, Tuesday and Friday, however, but they don't look that good. To top it off Sunday's New Moon showed Saturn and Ketu as the lowest point in the sky -- a very bearish signal. I'm confident we will be easily below 15k on the Sensex by Friday and down to 14,500 intraday at some point. I would also say that there's a 50-50 chance we will end 500 pts lower on both of those target levels.
Tokyo opens Monday at 13,293, right in line with last week's forecast for a close over 13k on the Nikkei. This is looking like a losing week as Mars falls in the 12th house of the New Moon chart. Monday looks bearish as tr Moon hits the natal Mars in the TSE chart. Wednesday is likely the worst day of the week as tr Mercury opposes Neptune in the TSE chart whilst tr Venus sits on the cusp of the 8th house in the Topix chart. I think we should finish below 13,000 this week, with some intraday lows below 12,500 very possible.
The Euro gamely held onto its relatively lofty levels above 1.57 last week but the picture darkens this week as tr Sun will be caught in the crosshairs of the aspect of natal Mars and then will go on and apply to conjoin the natal Saturn. I think we could see a big fall this week, probably below $1.55 by Friday and perhaps down as low as $1.53 intraday depending on how bad Monday is. If we see the Euro drop by a full cent Monday, then a more bearish outlook is likely for the week. Next week looks even worse for the Euro. The US dollar is coming back with a vengeance.
Oil starts the week above $106 after last week's gains. I think we should finish the week at or above these levels, between $105-108. The early part of the week looks best as the Moon conjoins the natal Venus on Monday and tr Mercury comes under Jupiter's benefic influence. There is the possibility that some of the bullish patterns on Tuesday and Wednesday may negated by tr Mars' square to Mercury. At this point, it seems that gains will be limited to less than 1% on each these days but I admit there is a chance we could move lower, albeit not by much.
Gold opens at $913 after last week's sharp sell off. I don't see Gold holding on here. It is likely to move lower this week, closing below $900. Monday opens bearishly as tr Mercury falls under natal Rahu's aspect while squaring the natal Sun. There will be some upward movement but it probably won't be strong. Next week looks like another sharp move downward, so we may get an early start on Thursday and Friday as tr Mars conjoins the natal Saturn. This is the same aspect that marked the sell off after the May 2006 top. I think we're going to see Gold fall below at least $850 over the next two weeks.
Friday, April 4, 2008
Stocks finish flat / Market Review -- week of Mar 31 - Apr 4
Stocks in NY ended the day flat to close up for the week with the Dow at 12,606 and the S&P at 1370. While we thought the market might show more strength Friday, this was largely in keeping with our weekly forecast, although we closed a little higher than expected.
Tokyo closed down modestly on Friday. Our call to close higher than 13k on the Nikkei was correct as the index finished at 13,293. Bombay closed down Friday which went against expectation and closed at 15,343. I underestimated the bearish importance of the transit Sun conjunction with the natal Rahu in the BSE 1875 chart. The BSE did much poorer than expected this week and this bodes poorly for next week as well and beyond. There is some real downside potential here in the coming weeks.
The Euro finished strong as predicted as it closed at 1.573, up half a cent. Unfortunately, our forecast for a gain this week did not come to pass as we only managed to return to the Monday open. This reflects the growing strength of the US dollar generally. Next week may be the last chance to hit $1.60 for a while, and I'm thinking it may not happen, since the week after next looks very bearish.
We missed the our revised Friday forecast on Oil however, as it rose $2 to finish at $106. Our weekly forecast did have crude rising, so getting the direction right is some consolation. Next week will likely see Oil trend downwards.
Gold finished higher by $3 to end the day at $913. We missed the big sell off Monday so our weekly forecast was far too optimistic. I expect the weakness to continue next week, especially by Friday.
Tokyo closed down modestly on Friday. Our call to close higher than 13k on the Nikkei was correct as the index finished at 13,293. Bombay closed down Friday which went against expectation and closed at 15,343. I underestimated the bearish importance of the transit Sun conjunction with the natal Rahu in the BSE 1875 chart. The BSE did much poorer than expected this week and this bodes poorly for next week as well and beyond. There is some real downside potential here in the coming weeks.
The Euro finished strong as predicted as it closed at 1.573, up half a cent. Unfortunately, our forecast for a gain this week did not come to pass as we only managed to return to the Monday open. This reflects the growing strength of the US dollar generally. Next week may be the last chance to hit $1.60 for a while, and I'm thinking it may not happen, since the week after next looks very bearish.
We missed the our revised Friday forecast on Oil however, as it rose $2 to finish at $106. Our weekly forecast did have crude rising, so getting the direction right is some consolation. Next week will likely see Oil trend downwards.
Gold finished higher by $3 to end the day at $913. We missed the big sell off Monday so our weekly forecast was far too optimistic. I expect the weakness to continue next week, especially by Friday.
Thursday, April 3, 2008
Commodities firm up
Not much movement in New York today, as the markets closed up slightly. My guess was for a mostly flat day and that's what we got. Transiting Moon conjoins Venus in Pisces in the 11th house of the S&P chart tomorrow so there will be some bullish sentiment out there supporting the market. We could see a a significant up day (>1%) if the market is up on the open. I will be watching the effects of the Pisces ingress of Moon shortly after 10. If it's up already by then, then it will likely move higher by the close.
Tokyo investors look like they are taking some profits in early Friday trading. We should still finish above 13k on the Nikkei for the week, however. The BSE closed mostly flat Thursday at 15, 832. The market opens with the Moon in exact trine to the natal Sun in the 1875 chart. I would look for a gain Friday.
The Euro was pretty solid at 1.566, but did not move higher at all. Tomorrow should be a bigger up day as the Moon moves towards the natal Jupiter. Let's see if we can hit $1.58 again.
Oil held firm near $104 as we thought it might. I think we should see some retreat in oil on Friday, especially in the afternoon EDT. If the negative trend is established early before the Moon moves into sidereal Pisces (at 10 a.m), then we may drop below $102, perhaps well below. If the open isn't too bad, then the decline will be more modest.
As predicted, Gold made a small gain to $908. I think it's due for another decline however as the transiting Sun comes under the square aspect from natal Saturn in the futures chart. If this aspect really kicks in, we could be back under $900 by the close.
Tokyo investors look like they are taking some profits in early Friday trading. We should still finish above 13k on the Nikkei for the week, however. The BSE closed mostly flat Thursday at 15, 832. The market opens with the Moon in exact trine to the natal Sun in the 1875 chart. I would look for a gain Friday.
The Euro was pretty solid at 1.566, but did not move higher at all. Tomorrow should be a bigger up day as the Moon moves towards the natal Jupiter. Let's see if we can hit $1.58 again.
Oil held firm near $104 as we thought it might. I think we should see some retreat in oil on Friday, especially in the afternoon EDT. If the negative trend is established early before the Moon moves into sidereal Pisces (at 10 a.m), then we may drop below $102, perhaps well below. If the open isn't too bad, then the decline will be more modest.
As predicted, Gold made a small gain to $908. I think it's due for another decline however as the transiting Sun comes under the square aspect from natal Saturn in the futures chart. If this aspect really kicks in, we could be back under $900 by the close.
Bombay Stock Exchange chart (1875)
Here is a chart for the Bombay Stock Exchange (July 9, 1875) that I'm currently testing. The 12.44 pm time is speculative. Readers may safely ignore the house placements and rulers and focus on planet-to-planet transit contacts. Note that transiting Mars (18 Gemini) is currently approaching the natal Mercury in this chart and will likely take the market down next week, probably Monday or Tuesday. What makes it worse for the BSE is that the natal Mercury is sitting in a degreewise square (4th house/10th house) relationship with the Nodes, Rahu and Ketu. This means that contacts to either Mercury or the Nodes will magnify results, either positively or negatively.
Wednesday, April 2, 2008
Oil and Gold bounce back
Stocks in NY finished slightly lower fulfilling the downside bias we expected with the Moon-Rahu conjunction at the open. I'm not sure about tomorrow -- I can't find a definitive trend. Another flat day is possible. By contrast, Friday looks more solidly bullish.
Tokyo closed above 13,100 yesterday as we forecast. I think it will add to recent gains Thursday, and possibly Friday also. 13,500 by the end of the week is within reach.
The BSE also gained about 1% yesterday to close at 15,750, but this rise was much less than on other markets. This is what I had wondered about with the tr Venus falling under the Mars aspect. The gains were, indeed, less than expected in the wake of New York's big 3.5% gain the previous day. I think it will see only a mild price move Thursday, possibly on the up side. Bombay is headed for a sharp drop early next week however with the Mars coming to the natal 1875 Mercury, which will activate the nodes as well. Could be 5% on the downside.
The Euro stabilized as forecast, and even managed a 0.007 gain. This should continue through to Friday.
Oil and Gold came back after yesterday's sell off as we thought they might. Gold came back nicely to $900, while Oil exceeded our expectations by rising to $104.78. Oil should continue to move up, although much less strongly than today. Gold may hold steady or rise a bit.
Tokyo closed above 13,100 yesterday as we forecast. I think it will add to recent gains Thursday, and possibly Friday also. 13,500 by the end of the week is within reach.
The BSE also gained about 1% yesterday to close at 15,750, but this rise was much less than on other markets. This is what I had wondered about with the tr Venus falling under the Mars aspect. The gains were, indeed, less than expected in the wake of New York's big 3.5% gain the previous day. I think it will see only a mild price move Thursday, possibly on the up side. Bombay is headed for a sharp drop early next week however with the Mars coming to the natal 1875 Mercury, which will activate the nodes as well. Could be 5% on the downside.
The Euro stabilized as forecast, and even managed a 0.007 gain. This should continue through to Friday.
Oil and Gold came back after yesterday's sell off as we thought they might. Gold came back nicely to $900, while Oil exceeded our expectations by rising to $104.78. Oil should continue to move up, although much less strongly than today. Gold may hold steady or rise a bit.
Tuesday, April 1, 2008
Confidence returns
New York stocks jumped over 3% today as investors began to feel that the worst of the sub-prime crisis is over. The Dow finished up 391 to 12,654 and the S&P closed up 47 to 1370. This rise was not unexpected, particularly in light of yesterday's modest up day that broke the negative sentiment from last week and the Sun-Mars square. I think we will see at least one more up day this week, possibly two. I think we will move above the 12,750/1380 resistance level and even 13,000/1400 is in reach. Tomorrow opens with the Moon conjunct Rahu so trading should be hectic. There should be a downside bias.
Logic suggests that Bombay ought to follow NY up tomorrow, and yet I see that tr Venus falls under the aspect of natal Mars in the 1875 BSE chart. This introduces some bearishness into the mix that may take hold in the afternoon. Hard to imagine it pushing closing prices lower, but perhaps gains will be less than expected (<4%) Tokyo is up over 13,000 in early trading Wednesday, as per our forecast. Look for more strength through the week.
Like oil and gold, the Euro backed off recent highs and sold off 2 cents back under $1.56. I think it will rise towards the end of the week, although tomorrow may see some treading of water near these levels. $1.58 is looking pretty far away right now.
Oil slumped back to $100, against our expectations. I can see prices firming up tomorrow.
Gold has decided to head south for a while and look for more solid footing before its next run-up. It fell $30 today to about $885, although it is up in early Asian trading. I think some price recovery towards $900 is likely Wednesday as the Moon-Rahu conjunction may cause fears and uncertainty to get the better of some traders.
Logic suggests that Bombay ought to follow NY up tomorrow, and yet I see that tr Venus falls under the aspect of natal Mars in the 1875 BSE chart. This introduces some bearishness into the mix that may take hold in the afternoon. Hard to imagine it pushing closing prices lower, but perhaps gains will be less than expected (<4%) Tokyo is up over 13,000 in early trading Wednesday, as per our forecast. Look for more strength through the week.
Like oil and gold, the Euro backed off recent highs and sold off 2 cents back under $1.56. I think it will rise towards the end of the week, although tomorrow may see some treading of water near these levels. $1.58 is looking pretty far away right now.
Oil slumped back to $100, against our expectations. I can see prices firming up tomorrow.
Gold has decided to head south for a while and look for more solid footing before its next run-up. It fell $30 today to about $885, although it is up in early Asian trading. I think some price recovery towards $900 is likely Wednesday as the Moon-Rahu conjunction may cause fears and uncertainty to get the better of some traders.
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