Markets are looking up on Thursday, except crude, which is oversupplied, reports Fiona Cincotta....
Fed Day Could Set High in T-notes
09/13/2019 9:14 am EST
The stars suggest the benchmark 10-year Treasury note will set a high as Fed decides on rate cut, says Susan Gidel.
The shackles in place since April 29 lift on Wednesday, Sept. 18 as Saturn turns direct in motion at 4:47 am EDT. Saturn is the planet that demands structure and organization, and it is strongest in those demands when it is in its ruling sign of Capricorn. However, when retrograde in motion as it has been since late April, Saturn can slack off on cracking the whip. That all changes on Wednesday, so could support for serious forward progress on trade talks.
Thursday, Sept. 19 is the strongest astrological setup for the month, with five of 10 planets involved in a “kite” formation in the sky. The foundation for the kite is a Grand Trine in Earth among the Sun/Mars in Virgo, Pluto in Capricorn and Moon in Taurus creating intellectual, emotional and transformational stability. Neptune in Pisces is opposite the Sun and Mars, so forms the tail to the kite, allowing the Grand Trine’s stable energy to foster idealistic expression.
Wednesday, Sept. 18
- High in 10-year Treasury notes: On the day that the Federal Reserve announces what it decided at its most recent two-day meeting, the 10-year Treasury note futures’ natal Sun is being activated by both the transiting Moon (conjunct) and transiting Saturn (trine). In addition, a corner of the first-trade horoscope’s “mystic rectangle” is being hit by conjunctions from transiting Mars and Sun to the natal Moon and transiting Venus and Mercury to the natal Mars. Planetary price conversion resistance is at 129-04 to 132-30.
Friday, Sept. 20
- Low in Crude Oil: The day’s astrological setup includes transiting Venus and Mercury opposite the crude oil market’s first-trade Sun, an important planet to watch for activation at both highs and lows. In addition, the transiting Moon is opposite the first-trade horoscope’s Jupiter/Uranus conjunction, which could trigger an emotional trading session. Planetary price support is at $50.80 per barrel, just above the August 7 low of $50.50 in the October contract.
Last Week’s Scorecard (through Thursday’s close)
- Low in Soybeans on Monday, Sept. 9: November soybeans bottomed at $8.51 per bushel on Monday, rallying into Thursday’s monthly crop production report. November beans hit $8.96 on Thursday, Sept. 12 on rumors of Chinese purchases and friendly report numbers.
Pretty Darn Good
- High in S&P 500 on Friday, Sept. 6: The market’s big rally was the day before, when the S&P 500 gapped higher, leaping over the stiff planetary price conversion resistance level of 2944. On Friday, the S&P 500 closed at 2978.71, up 2.71 from Thursday’s close.
Off the Mark
- High in Gold on Monday, Sept. 9: Not a high, and not a low. Prices bottomed on Wednesday and rallied strongly on Thursday. So, at Thursday’s close, it looked like the second of the week’s potential days for a high in gold (on Friday) was the better bet.
- High in Gold on Friday, Sept. 6—December gold recovered from the previous day’s drop of $34.90 per oz., but still closed $10 lower.
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.
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