WallStreetWeather.net Forecast For Week Of February 15, 2010

This is an abbreviated forecast to match the abbreviated week on Wall Street.

With the Moon in Pisces and Venus conjoining Jupiter in Pisces Tuesday, the market expects that this week’s reports will show the U.S. economy is expanding. Venus and Jupiter tend to express themselves well in Pisces as there’s a tendency to make generous assumptions and view the glass as half full. There’s an emotional pull to temporarily escape from the global debt debacles of Saturn square Pluto for the moment and focus on what’s right in the world. Reinforcing this sentiment is that the conjunction of Venus and Jupiter in Pisces is harmonizing with the USA’s conjunction of Venus and Jupiter in Moon-ruled Cancer.

Pisces is ruled by Neptune which inflates conditions. Thursday’s Producer Price Index and Friday’s Consumer Price Index could come in slightly higher than expected. Oil and gas are ruled by Pisces/Neptune, which could experience large moves this week.

Monday, February 15, 2010
Markets closed for Presidents Day holiday.

Tuesday, February 16, 2010
Venus conjoining Jupiter tends to be bullish but can bring large moves that take the market in either or both extremes.

Wednesday, February 17, 2010
With the Moon in Aries, the market could begin with a strong start from industrial output gains. Enthusiasm could start to wane and the indices end mixed to moderately positive.

Thursday, February 18, 2010
Volatile, choppy moves in either extreme; negative bias.

Friday, February 19, 2010
(Options expiration) Choppy to volatile conditions as sentiment swings between negative and positive intraday, ending mixed to moderately positive.

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