After last week's slow erosion of optimism in New York, Monday promises for more jitters. At least a 1% drop is possible as the Sun-Mars square dominates. Another potentially negative influence is tr Venus aspected by natal Rahu in the S&P chart. However, the 3rd quarter Moon of March 29, shows a mixed picture as Mars opposes the Moon very closely (bearish) while Mercury and Venus are setting on the 7th cusp over New York. Another probable positive influence is tr Mercury and Venus will be under the influence of the natal Jupiter. So I think this points to a volatile week with days of both significant gains and losses. On balance, though, I think we will have an up week. And if Monday turns out to be positive or merely neutral, then we could be in for a significant rise this week that pushes the indexes up 2-4%, towards resistance levels of 12,700/1370. A more likely scenario is for more modest gains.
After last week's forecast gain left the Nikkei at 12,800, I think there will be additional gains. A Friday close over 13k is very likely, and we could be a fair bit higher than that. Tr Mercury and Venus will be passing over the 9th equal house cusp this week.
While I may have called Friday's up day, I was caught off guard by the BSE's strength last week. More gains are likely this week although we may only finish a little over Monday's open. Tr Mercury falls under aspect of Mars in the BSE 1875 chart on Monday so that may be a down day. On Wednesday, tr Venus falls under the same aspect hence another negative outcome is likely then.
The Euro looks like it will continue on the come back road this week. Monday looks good so we might see $1.59. Tuesday may fall as Moon conjoins the natal Ketu. Wednesday, Thursday and Friday look fairly solid, with the best gains likely on Friday. We may touch $1.60 this week, probably on Friday. But I think we'll finish higher than where we started the week.
Oil looks strong this week as the Pisces planets will be in the 11th house of the Oil futures chart. I'm looking for a big up day Monday as the Sun comes under the benefic aspect of natal Jupiter. Wednesday and Friday look particularly positive also. I think we will touch $108, and $110 is possible, depending on the extent of Tuesday's action.
Gold will probably finish the slightly week higher, but I'm not that bullish here at all. Monday and Friday look best, and we will probably see it rise towards $950 again on either of those days. Tuesday looks negative, as does Thursday, with Wednesday being more neutral. We may end up somewhere between $930 and $950. My thinking here is based on the entry of tr Mercury and Venus into the Gold ETF 4th house which should be mostly positive. However, a possible offsetting influence will be tr Mars' aspect to the natal Jupiter in this chart.
Sunday, March 30, 2008
Friday, March 28, 2008
Market Review -- week of Mar 24-28
As predicted, New York finished down today a little less than 1%. That transiting Moon placement clearly outweighed the positive contained in the Venus-Uranus conjunction. Overall for the week, the market fell about 1% as the Dow settled at 12,216 and the S&P at 1315. In a piece of pure good luck, I had forecast a modestly down week overall right in line with what transpired. Of course, the frequent errors in daily calls reveal a more complex and frankly, ugly reality to my forecasting abilities Oh well, practice makes perfect.
Tokyo didn't quite make it to my forecast high of 13,000 but it came close and finished as 12,820. Bombay finished up Friday as forecast, although we missed the big rally at the close. For the week it finished at 16,371, up strongly from Monday's open. I totally missed this rally, but hopefully the acquisition of the new BSE data improves my luck down the line.
The Euro had a good week as forecast, although $1.60 stayed out of reach. Friday's action went more or less according to the prediction, as it closed at $1.5798. I had thought it would sell off early and then struggle back to near 1.58 which it did.
Oil did much worse than I thought Friday as it dropped over 2% to closed at $105.25. Gold fell back $17.50 to end up at $936. While I thought it would fare poorly on Friday, my weekly forecast was far too bearish.
Monday has all the appearances of a hectic trading day as the Sun and Mars move into a western square aspect. I expect the Euro to go higher (and likely oil and gold as well) and stocks to decline. I'll give more details in my Sunday forecast.
Tokyo didn't quite make it to my forecast high of 13,000 but it came close and finished as 12,820. Bombay finished up Friday as forecast, although we missed the big rally at the close. For the week it finished at 16,371, up strongly from Monday's open. I totally missed this rally, but hopefully the acquisition of the new BSE data improves my luck down the line.
The Euro had a good week as forecast, although $1.60 stayed out of reach. Friday's action went more or less according to the prediction, as it closed at $1.5798. I had thought it would sell off early and then struggle back to near 1.58 which it did.
Oil did much worse than I thought Friday as it dropped over 2% to closed at $105.25. Gold fell back $17.50 to end up at $936. While I thought it would fare poorly on Friday, my weekly forecast was far too bearish.
Monday has all the appearances of a hectic trading day as the Sun and Mars move into a western square aspect. I expect the Euro to go higher (and likely oil and gold as well) and stocks to decline. I'll give more details in my Sunday forecast.
Down again
American markets lost 1% again today as investors saw no reason to buy stocks in the current climate of uncertainty. It seems that the deeper negativity contained in the applying Sun-Mars square is overwhelming positive sentiment of the Venus-Uranus conjunction. Tomorrow looks like another battle as the tr Moon is in aspect with Ketu which is normally a bearish influence. But the Venus-Uranus perfects, so it's hard to think all the action will be negative. Still I think we'll finish down for the day.
Bombay did finish a little lower yesterday as I thought it might, but not very an appreciable amount. The BSE should fare well for most of the day, although some decline is more likely toward the close.
The Euro didn't do much today. Tomorrow looks like a negative start in Europe but with some recovery by the afternoon EST. We should close again near $1.58 but probably a little lower.
Oil rose 1% today and although Gold only held steady. I think Oil is looking stronger of the two tomorrow and should add to its gains this week. I'm not sure that gold will rise, however.
Bombay did finish a little lower yesterday as I thought it might, but not very an appreciable amount. The BSE should fare well for most of the day, although some decline is more likely toward the close.
The Euro didn't do much today. Tomorrow looks like a negative start in Europe but with some recovery by the afternoon EST. We should close again near $1.58 but probably a little lower.
Oil rose 1% today and although Gold only held steady. I think Oil is looking stronger of the two tomorrow and should add to its gains this week. I'm not sure that gold will rise, however.
Wednesday, March 26, 2008
Hedges are back
American markets were down about 1% today as more bad economic numbers came in. This market obviously has a pretty thin skin these days for that sort of thing. That Venus conjunction with the New Moon chart was AWOL today as the Moon-Saturn square dictated the grim mood. I think the market has one more up day in it this week, and the ingress of the Moon into Jyeshta occurs tomorrow with benefic Jupiter high in the sky.
Bombay looks negative for Thursday as the transiting Moon falls under the aspect of natal Ketu in the BSE chart. Tokyo has already started lower.
The Euro continued its winning streak week as it rose past $1.58 as investors again sought hedges against a falling greenback and inflation. Look for more gains tomorrow.
Oil and Gold both had big gains today. Both will continue to come back towards their pre-March 18th levels this week. Tomorrow will be similar to today's action as gains could be over 2%.
Bombay looks negative for Thursday as the transiting Moon falls under the aspect of natal Ketu in the BSE chart. Tokyo has already started lower.
The Euro continued its winning streak week as it rose past $1.58 as investors again sought hedges against a falling greenback and inflation. Look for more gains tomorrow.
Oil and Gold both had big gains today. Both will continue to come back towards their pre-March 18th levels this week. Tomorrow will be similar to today's action as gains could be over 2%.
Tuesday, March 25, 2008
Complex energies
While I had thought that the trend would be mostly negative tomorrow due to the Moon squaring the Saturn-Ketu, there is another contact that is potentially very favourable. The previous New Moon occurred at 23 Aquarius 38 on March 7. Both Mercury and Venus will conjoin that point tomorrow and Thursday which may be a positive influence on sentiment. How these two opposed energies resolve themselves will determine the market's direction. I would tend to think that the bulls have more meat to chew on than the bears on this one.
New York treads water
North American markets stayed flat today amidst negative news of falling consumer sentiment. Given recent nervousness, that might be interpreted as a bullish signal. Two weeks ago, that kind of news would have sparked a sell off. So while I thought we'd be up today, after two days, we are about where I thought we'd be, although I'm not claiming any prescience.
This week's planetary motion will be a good test of the popular 7.52 am chart of the New York Stock Exchange which has 23 Gemini rising (Lahiri). Both Mercury and Venus are transiting on the equal 9th house cusp in Aquarius which ought to spark a gain overall on the week. So far we are up over 1% but if this chart is correct, one would expect at least another 1% before the planets move off.
Bombay roared back to life by climbing above 16k in an impressive 6% rally. I'm less keen on the next couple of days however, as Moon will square the Saturn-Ketu conjunction tomorrow and Moon's ingress into Anuradha in the afternoon suggests it may be hard for the market to finish in the plus column on Thursday. Friday looks good though. Tokyo added 2% as well to get back to 12,700. There is some chance for modest intraday gains Wednesday, but they may not hold by the close. Thursday looks more negative, but Friday should be a high point. But even there, we may well ask if the applying Sun-Mars square will take hold and force investors to the exits. Right now, I don't think so. Next Monday looks more like a day of reckoning, however.
Our Euro forecast is more on track, as it rose two cents today to 1.565. This is looking more like it may hit 1.60 very soon.
Oil rose by just $0.50 while Gold had a strong day adding $16 to close at $930. I had thought that Tuesday would be good for gold and that came to pass. As I suggested early last week before the post-Fed cut gold collapse there appears to be a divergence forming as the Euro and Gold are still valid dollar plays versus Oil, which recession fears have finally undercut its appeal as an inflation hedge. Still, in keeping with my original forecast, I don't expect to see gold duplicating the extent of today's rally, although it may not finish the week as weakly as forecast.
This week's planetary motion will be a good test of the popular 7.52 am chart of the New York Stock Exchange which has 23 Gemini rising (Lahiri). Both Mercury and Venus are transiting on the equal 9th house cusp in Aquarius which ought to spark a gain overall on the week. So far we are up over 1% but if this chart is correct, one would expect at least another 1% before the planets move off.
Bombay roared back to life by climbing above 16k in an impressive 6% rally. I'm less keen on the next couple of days however, as Moon will square the Saturn-Ketu conjunction tomorrow and Moon's ingress into Anuradha in the afternoon suggests it may be hard for the market to finish in the plus column on Thursday. Friday looks good though. Tokyo added 2% as well to get back to 12,700. There is some chance for modest intraday gains Wednesday, but they may not hold by the close. Thursday looks more negative, but Friday should be a high point. But even there, we may well ask if the applying Sun-Mars square will take hold and force investors to the exits. Right now, I don't think so. Next Monday looks more like a day of reckoning, however.
Our Euro forecast is more on track, as it rose two cents today to 1.565. This is looking more like it may hit 1.60 very soon.
Oil rose by just $0.50 while Gold had a strong day adding $16 to close at $930. I had thought that Tuesday would be good for gold and that came to pass. As I suggested early last week before the post-Fed cut gold collapse there appears to be a divergence forming as the Euro and Gold are still valid dollar plays versus Oil, which recession fears have finally undercut its appeal as an inflation hedge. Still, in keeping with my original forecast, I don't expect to see gold duplicating the extent of today's rally, although it may not finish the week as weakly as forecast.
Good news buoys markets
Some good news on the housing front and a larger bid for Bear Stearns
got the markets going 1.5% higher -- a day earlier than I expected. I
had thought Tuesday would seen a big 2% gain. Contrary to my previous
call for an overall negative week, I think we're headed mostly higher
here. Tomorrow still looks good to me so we may start to run up against
resistance levels at 12,750/1370. I think there's a fair chance we will
break through them at some point in the day, even if we fall back
beneath them at the close. There is a good chance for a major dip in
the afternoon.
It's worth noting that Mercury-Venus conjoined today as Venus
surrendered its leading position to Mercury. This conjunction fell
exactly on the natal Sun in the S&P chart so it's not too surprising
that we went up. It will be interesting to see how much upward karma is
left in both those conjunctions for tomorrow and beyond.
got the markets going 1.5% higher -- a day earlier than I expected. I
had thought Tuesday would seen a big 2% gain. Contrary to my previous
call for an overall negative week, I think we're headed mostly higher
here. Tomorrow still looks good to me so we may start to run up against
resistance levels at 12,750/1370. I think there's a fair chance we will
break through them at some point in the day, even if we fall back
beneath them at the close. There is a good chance for a major dip in
the afternoon.
It's worth noting that Mercury-Venus conjoined today as Venus
surrendered its leading position to Mercury. This conjunction fell
exactly on the natal Sun in the S&P chart so it's not too surprising
that we went up. It will be interesting to see how much upward karma is
left in both those conjunctions for tomorrow and beyond.
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