The Timely Ten is not a trading vehicle, it is simply our current ten best undervalued ideas to help...
Quiet on the Cosmos Front
04/03/2020 9:30 am EST
The stars will be relatively quiet next week with the possible exception of Tuesday's full Moon, reports Susan Gidel.
In a holiday-shortened trading week, the cosmos is relatively quiet. All the significant action in the sky is concentrated on Tuesday, April 7. Mars makes a 90-degree square to its typical partner in mayhem, Uranus, at 2:50 p.m. EST, which could bring surprises or breakthroughs, particularly as it concerns finance and banking. That this occurs within hours of the full Moon could be either enlightening in its transparency or frightening from its wildness.
The full Moon in Libra occurs at 10:35 p.m. EST, with each luminary forming a right angle to Jupiter and Pluto in Capricorn. Thus, light is being shed on the ability to compromise in how to move forward with an immense shift in business and government.
Medical professionals often note an increase in emergencies during a full Moon under normal circumstances; add in the Coronavirus era, and it may point to another rough week of fighting the pandemic.
Tuesday, April 7
- Low in Soybeans: The soybean market’s natal Mercury receives a most intense connection from transiting Venus, Mars and Saturn that together form a big triangle that typically leans bullish. At that night’s full Moon in Libra, the Moon is conjunct the market’s natal Sun while the Sun is opposite its natal position. In the May contract, planetary price conversion support could be at $8.38 per bu.
Thursday, April 9
- Low in 10-year Treasury note: The Sun makes its annual opposition to the position of Saturn and Pluto in the 10-year Treasury note horoscope chart, bringing a culmination of depressing energy. At the same time, the transiting Moon is opposite the market’s natal Sun. In the June contract, watch the planetary price conversion level of 136-08 for support.
Last Week’s Scorecard (through Thursday’s close)
Pretty Darn Good
- Low in Gold on Thursday, March 26: June gold made a low at $1,612.0 per oz. and rallied more than $60 over the next two trading days to a high of $1673.60 on Monday, March 30.
- High in Euro FX on Tuesday, March 31: A higher high occurred the previous Friday at 1.11875 in the June contract, and was tested the next trading day. The market rallied on Tuesday to reach a high of 1.10865 and dropped to a low of 1.08440 two days later.
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
Stars expect early week highs in the S&P and gold; Friday June 5 could have major activity on cl...
The latest two additions to the model portfolio at Forbes Dividend Investor share on thing in common...
Conglomerate Loews (L) is having a rough time, with several of its holdings severely hit by not only...