Next week’s predicted market ranges from Trevor Smith....
Money Planet Connections
12/06/2019 6:00 am EST
Astrological connections with the markets are simply another form of technical analysis, writes Susan Abbott Gidel, editor of the Red Letter Trading Days newsletter.
Last week, the “greater benefic” Jupiter stole the show as its transition into Capricorn from its ruling sign of Sagittarius on Monday put big-time pressure on the stock market. This week, the “lesser benefic” Venus is in the spotlight.
Venus is the planet that rules money, so its interactions with other planets in the sky color how it behaves. This week, Venus rubs shoulders with two tough guys—Saturn and Pluto.
Venus aligns exactly with Saturn, which is strong in its ruling sign of Capricorn, on Wednesday at 5:05 a.m. EST, the day that the Federal Reserve announces the results of its two-day meeting at 2:00 pm. In this position, money does best when it adheres to a budget or is expended in support of a long-term project. Overall, though, money is restricted. Under this transit, the Fed is unlikely to hint at any type of easing.
On Friday, Venus aligns with Pluto in Capricorn at 10:16 a.m. EST. Pluto rules debt, so with the Venus alignment, look for big debts to be the day’s storyline. In Capricorn, these debt issues could be with the government or big business. They also could be associated with new, grand plans that are inspired by the Mars/Neptune trine early Friday morning, but need substantial funding. Notably, this day is when results of the Thursday’s UK general election — with Brexit as the defining issue — will be announced.
Monday, Dec. 9
- High in 10-year Treasury notes: Two first-trade horoscope planets are in play. First, the transiting Moon is conjunct the natal Sun, with transiting Mars opposite. Second, transiting Mercury (at 00 Sagittarius) connects with the Mercury/Uranus axis that forms an important formation in the first-trade horoscope. Finally, transiting Venus, Saturn and Pluto congregate around the contract’s horizontal horoscope axis. Prices are in a no-man’s-land when it comes to planetary conversion help at the moment. Certainly 129-04 is a critical pivot area. Holding that area decisively opens it up for a rally to the next level of 132-03.
Wednesday, Dec. 11
- High in Soybeans: The Moon/Jupiter axis in the first-trade horoscope of soybean futures is activated by the impending Full Moon early Thursday. The transiting Moon is aligned with the natal Moon, while the transiting Sun is aligned with Jupiter. Resistance from planetary price conversions comes in at $9.09 per bushel, then $9.31.
Friday, Dec. 13
- High in Gold: One of the most sensitive planets in gold’s first-trade horoscope is Venus, at 22 degrees of Capricorn, which is getting its first taste of transits that will only get stronger into mid-January 2020. On this day, transiting Venus, Saturn and Pluto are all at 19-21 degrees of Capricorn, forming a conjunction with first-trade Venus that is often seen at times of market highs. In addition, transiting Mars forms a large triangle with first-trade Jupiter and Saturn, adding an extra oomph to pushing prices higher. In February gold, upside resistance based on planetary price conversion levels are at $1,508 per oz., then $1,545 and finally $1,573-$1,581. The high in nearby gold in 2019 so far stands at $1,566.20.
Last Week’s Scorecard (through Thursday’s close)
- Low in Soybeans on Monday, Dec. 2: January beans hit a low of $8.67 ½ per bushel in a big-range day, closing at $8.70 ½, just below planetary price conversion support of $8.73 to $8.75. By Thursday, prices had rallied back more than 20¢ to $8.88 ¾.
Pretty Darn Good
- High in Euro FX on Tuesday, Dec. 3: December Euro FX futures topped the next day at 1.11240. Each closing price Monday-Wednesday was at 1.108 and change, just above the Saturn planetary price conversion level of 1.107.
The position of planets in the sky as they relate to their positions when a market first began trading can provide clues to potential trend changes. The energy is strongest on the days noted in this post, but it is not unusual for the effect to be seen a day or two either side. See backgrounder “Market Analysis with Astrology” for further information.
Susan Gidel is editor of the Red Letter Trading Days newsletter.
Related Articles on STRATEGIES
The January barometer shows a bullish market outlook, but with some storm clouds on the horizon, wri...
Here is a recap of 2019 market predictions from Landon Whaley....
Last year, Harry Domash chose two stocks to outperform in 2019: Automatic Data Processing (ADP), whi...