WallStreetWeather.net Forecast For Week Of January 17, 2010

Summary Of Last Week's Influences:
Last week’s planetary influences of the Sun conjoining Venus in Capricorn, Saturn in Venus-ruled Libra turning retrograde, Mercury turning direct the day of the Solar Eclipse in Capricorn, and all occurring as Saturn squares Pluto, put the focus on banks and bank CEOs, corporate earnings, proposed government taxes on financial institutions, China’s attempt to curb it asset price bubble as well as control the internet, and a massive earthquake in Haiti.

The major indices reflected these planetary shifts with the indices making 15 month highs Thursday before reversing course on Friday to close slightly lower for the week. The Sun conjoining Venus describes Wall St.’s expectations for Q4 S&P500 earnings to nearly triple year over year, but reports from Dow components Alcoa (AA) and JPMorgan Chase (JPM) disappointed as all roads right now lead to one path straight to Saturn indicating that the stock market is overdue for a reality check.

Summary Of This Week’s Influences:
With the stock market closed for Martin Luther King Jr. Day on Monday, the business week begins on Tuesday with three planets shifting into different signs.

Jupiter enters Pisces on January 17 until June 6 and again September 9 to January 22, 2011. As my next post will be about Jupiter in Pisces, I will focus here on how it relates to Tuesday’s special Massachusetts Senate election to fill the late Sen. Ted Kennedy’s seat.

Jupiter expands what it touches and Pisces and its ruler Neptune dissolve barriers. For the USA, Jupiter entering Pisces will finally bring passage of the healthcare legislation which will occur in an unexpected way. In the special Senate election, Martha Coakley the Democratic Massachusetts Attorney General is being challenged for the seat by Republican Massachusetts State Senator Scott Brown. Coakley has exerted virtually no effort to win the seat, reflecting that there is little planetary activity currently in her chart to motivate her. With Saturn and Pluto impacting his Mars/Saturn square and Neptune in Aquarius squaring his Jupiter in Scorpio, Scott Brown is aggressively campaigning on being “the 41st vote” in the Senate to preserve the status quo and vote against healthcare reform. Since it appears that Brown is more likely to win, the Democrats need to pass the healthcare bill within 15 days of the election in order to circumvent the bill returning to the Senate and being defeated by Brown’s vote. And if Brown is elected, the Republicans and Brown’s “Tea Party” supporters might end up wishing that Coakley had won.

Venus enters Aquarius Monday until February 11 and the Sun enters Aquarius late Tuesday evening until February 18. Aquarius is ruled by Uranus, the great awakener and the planetary energy of extremes and shocks and surprises. This could make for choppy trading this week as the market tries to hold on to the enormous gains made since last March. Turbulence could accelerate the following week as the Sun and Venus oppose Mars in Leo leading up to the January 30 Full Moon and Saturn’s second square to Pluto January 31.

Tuesday, January 19, 2010
Choppy session that closes negative.

Wednesday, January 20, 2010
Swings between positive and negative; closing mixed to negative.

Thursday, January 21, 2010
Positive, then becomes choppy/mixed to negative. The influence of Venus in Aquarius harmonizing with Saturn in Libra (exact early Friday morning) has a tendency to be either bullish or bearish.

Friday, January 22, 2010

Scott Brown: Septemer 12, 1959 Kittery, ME
Martha Coakley: July 14, 1953 Pittsfield, MA

CORRECTION MADE: On 1/19/10 @ 8:16 AM I corrected a typo that listed Scott Brown's state of birth as MA (Massachusetts) and corrected it to ME (Maine).

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