WallStreetWeather.net Forecast For Week Of March 8, 2010

Summary Of Last Week’s Influences:
The Sun conjoining Jupiter in Pisces last Monday marked the start of a positive week for stocks and major commodities.

In last week’s Forecast I wrote that the Sun/Jupiter alignment could bring news relating to the drug industry. Jupiter reflects drug industry deals with foreign companies. Merck (of Germany) agreed to buy biotechnology equipment supplier Millipore (MIL) for $7.2 billion, and Japan’s Astellas Pharma made a $3.5 billion/$52 a share unsolicited bid for OSI Pharmaceuticals (OSIP). Monday’s Sun/Jupiter conjunction occurred at the same time OSIP’s stock chart was experiencing a Jupiter return, pushing the stock up $19.23 to $56.25. Pluto in Capricorn opposing OSIP’s Neptune now reflects the takeover bid and OSIP’s and the market’s belief that a higher offer could materialize. Jupiter rules legal issues, reflecting Astellas’ lawsuit that OSIP’s board is not acting in the best interests of its shareholders.

The week ended with the Dow at 10,566.20, posting its best one day point and percentage gain since February 16 - the day Venus conjoined Jupiter. The Nasdaq hit an 18 month high at 2,326.35; while the S&P closed at 1,138.70, slightly under its 52 week high of January 19. A better than expected February employment report and retail sales numbers got the market excited that there are starting to be signs of economic recovery.

Summary Of This Week’s Influences:
Venus enters Mars-ruled Aries today until March 31, and Mars begins moving forward again, releasing a lot of pent up energy after being retrograde since December 20.

Venus rules money, banking, financial arrangements/partnerships, copper, and sugar. Venus is the principle of attraction. Venus in Aries harmonizing with Mars in Leo now creates fiery enthusiasm for financial, artistic, and romantic pursuits.

Venus in Aries challenges the Federal Reserve’s natal Sun in Capricorn opposite Pluto in Cancer. Fed Governor Kevin Warsh (who was born with the Sun in Aries) will speak on “the Fed at a crossroads” at the Hedge Fund Institutional Forum Monday morning. (Another reason why the Fed should not be the nation’s banking and consumer finance regulator!)

Mercury (thoughts) conjoins expansive Jupiter in Pisces at the Last Quarter Moon (sentiment) in Jupiter-ruled Sagittarius today. Jupiter and Sagittarius squarely put the focus on global issues and is likely to bring more news about a rescue (Pisces) package for Greece, particularly as the Sun conjoins Greece’s natal Jupiter in Pisces as Jupiter is about to return to where it was in the chart for the founding of modern Greece (this last occurred in 1998).

Mars in Leo stationing direct on Greece’s natal Sun reflects a central authority (EU, IMF) taking action to support Greece’s finances. Greece and other nations such as the US and UK with key natal planets in cardinal signs* could face their biggest crisis yet over the summer when Jupiter and Uranus in Aries oppose Saturn in Libra and square Pluto in Capricorn. This challenging planetary lineup could precipitate circumstances that force governments to take actions they have preferred to sidestep or postpone into the future in order to avoid making difficult decisions on matters relating to debt, taxes, spending, and financial regulatory reforms.

Mercury conjoining Jupiter in Pisces follows on the heels of the conjunctions of Venus and the Sun to Jupiter. These alignments were bullish for the stock market and Mercury/Jupiter is likely to also be positive but could be somewhat less enthusiastic.

Venus rules Libra, and the brash and impatient do it now attitude of Aries conflicts with Libra’s indecisive tendencies that result from a desire to accommodate all parties and viewpoints. Venus opposing Saturn in Libra on Tuesday could put pressure on valuations, especially with the Moon in Saturn-ruled Capricorn. Capricorn and Saturn rule government, and Pluto rules debt. As Venus in Aries opposes Saturn Tuesday and squares Pluto in Capricorn on Thursday, it could reinforce the caution and fear of Saturn squaring Pluto that began in November and was particularly prominent from the latter part of January to mid February.

When a planet from Earth’s vantage point appears to be stationary in the sky, its influence is more pronounced. Mars represents action and military matters. Mars retrograde periods tend to slow down trading volume, particularly with Mars in Leo, the sign of speculation that especially rules the stock market and gold. Planets changing direction can equate to at least a temporary reversal in market direction. Mars officially turns direct at 12:09 PM EST Wednesday but will not begin to slowly move forward until Friday. Trading volume should begin to increase along with volatility as the month progresses. Leo and the Sun represent leaders; their actions will drive the market now.

Mars represents aggression. As Mars turns direct on Toyota’s progressed** Pluto in Leo, Toyota “is planning an assault on its critics” by discrediting a study pinpointing the sudden acceleration problem as an electronics issue and attack a former Toyota lawyer who provided documents to Congress that he believes portray Toyota’s “culture of withholding crucial evidence” (Pluto) about vehicle problems, according to a Wall Street Journal article. As I predicted in my post about Toyota, customers are already reporting incidents of sudden acceleration after having the recall repairs done on their vehicles. Since Toyota’s problems are not going to go away anytime soon, it would be far better for Toyota to channel their energy and money into fixing the problem instead of fighting it.

Mars moving forward is a reminder for most of the USA to move clocks forward one hour on Sunday as Daylight Savings Time officially begins at 2:00 AM until November 7. (Neptune, the planetary ruler of dreams and the unconscious turns direct on November 7, so people will particularly savor getting back that extra hour of sleep!)

Monday, March 8, 2010
Positive: strongest in the morning, but could begin to lose steam in the afternoon.

Tuesday, March 9, 2010
Negative.

Wednesday, March 10, 2010
Negative.

Thursday, March 11, 2010
Negative conditions improve as the day progresses, turning choppy/mixed to positive.

Friday, March 12, 2010
Choppy/mixed to negative as market weakens as the day progresses.

*The cardinal (action-oriented, initiating) signs are Aries, Cancer, Libra, and Capricorn.

** A mathematical calculation that moves the planets forward in time as a method of prediction.

OSI Pharmaceuticals: April 3, 1986

No disclosures.

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