WallStreetWeather.net Forecast For Week Of June 27, 2010

We are now in the period between the June 26 Capricorn Lunar Eclipse and the July 11 Cancer Solar Eclipse described in Part II of my post on the Summer Solstice. Financial markets during this time can become choppy and changeable, uncertain and hesitant to make a strong commitment as to which direction to go. Or the market could temporarily break from its recent pattern.

Accentuating the instability in the atmosphere is that Uranus in Aries will appear to be motionless in the sky June 30 – July 11 as it turns retrograde July 5. “Expect the unexpected” is the mantra now. Strong Uranus energies tend to increase volatility, market reversals, and sudden breakouts through support/resistance levels. Which direction Uranus decides to take (to keep things interesting it can go both ways in the same day) depends on other planetary influences interacting with this quirky rebel. Data feed disruptions and system failures could occur, along with power outages. Outside of financial markets, Uranus stationary can bring severe thunderstorms, high winds, hurricanes, tornadoes and freaky weather conditions, as well as earthquakes, volcanoes, and disruptions with air travel.

Beyond the eclipse period and Uranus stationing retrograde, the really heavy duty planetary alignments don’t begin to get underway until the latter half of July. At that point the eclipse themes (domestic security, real estate, food, water, government and big business, debt, insurance, reputation/professional standing) could be viewed in a whole new light. And then the market will head south.

Mercury the planetary energy of communication and movement plays the biggest role this week. On Monday the Sun will conjoin Mercury in Cancer, emphasizing that market direction could be driven by what leaders and other influential individuals are communicating. Security issues are paramount on people’s minds.

Since Cancer and its ruler the Moon represent women, the Sun conjoining Mercury in Cancer indicates that women will be prominently featured in the news now. The Sun and Mercury last conjoined in Cancer on July 13, 2009. This was when Meredith Whitney raised Goldman Sachs (GS) to a “buy” from neutral. (What a difference a year makes!)

That was also the day the Senate Judiciary Committee began its hearing to confirm Judge Sonia Sotomayer to the Supreme Court. With her Sun (self-identity) conjoining Jupiter (courts) in Cancer and the Sun/Mercury conjoining her natal Uranus in Cancer last year, Justice Sotomayer was easily confirmed in spite of her controversial “wise Latina” remark that several Republicans and conservative groups hoped would derail her nomination.

On Monday the Judiciary Committee will begin its confirmation hearing of Solicitor General Elena Kagan to succeed retiring Justice Stevens on the Court. The Sun/Mercury forms a favorable aspect to her Taurus Sun, Venus in Leo conjoins natal Uranus and harmonizes with natal Mercury in Aries, and Pluto in Capricorn harmonizes with natal Pluto in Virgo. Pluto and the June 26 Lunar Eclipse conjoin Kagan’s natal Jupiter in Capricorn, and the July 11 Solar Eclipse conjoins Kagan’s progressed* Mercury in Cancer. In short, the Solicitor General will soon become Justice Kagan.

The Sun/Mercury conjunction occurs the day after G20 leaders concluded their weekend summit, with market watchers eagerly awaiting the wording of the communiqué to discern its influence on Monday’s market. Reflecting the dualistic nature of Mercury (and the evasiveness of politicians), leaders agreed to a twin deal: cutting deficits in half by 2013 is “growth friendly.”

From a planetary perspective, the G20 is trying to balance out the energies of Jupiter (spending/stimulating) opposite Saturn (contracting spending/fiscal discipline). This was the compromise worked out to satisfy the Jupiter-ruled US who never stops throwing the weight of its reserve currency status around to overrule Germany, the UK and other EU members ready to embrace fiscal austerity to protect their credit ratings which are not given a free pass like the US.

Pluto entering Saturn-ruled Capricorn in January 2008 has ushered in an era of belt-tightening to wring out all the excesses of the Pluto in Jupiter-ruled Sagittarius years (1995-2008). Saturn and Capricorn represent government and Pluto represents debt. The cycle of Saturn square Pluto that began in November 2009 shifted the fear from private to sovereign debt.

From 2012-2015 Uranus in Aries will exactly square Pluto in Capricorn. This indicates the need for extreme measures to avert a budget crisis of unprecedented proportions. Everyone claims they want peace in the world. We are coming as close as we’ve ever been to making that desire a reality through an unusual means – we simply can’t afford to make war anymore! Eliminating war would erase a substantial portion of the deficit.

Saturn craves stability and the comfort of the status quo. Uranus is anything but stable (hence earthquakes and the unexpected). Uranus shakes us up to wake us up so Pluto can ultimately transform the energies into something better. And once we’ve awakened to what needs to be done, Saturn is ready to get to work at building a solid and secure foundation for the long term.

After Uranus completes its series of squares to Pluto in 2015, the G20 intends to “stabilize” debt loads by 2016. The late July/August 2010 alignments of Jupiter and Uranus in Aries opposite Mars and Saturn in Libra all squaring Pluto in Capricorn indicate that nations need to take action NOW! Mercury favorably aspects Mars in efficient and budget conscious Virgo Thursday; it’s time to walk the talk!

The Moon (sentiment) will be in Uranus-ruled Aquarius Monday through Wednesday. Uranus/Aquarius rules electricity, technology, and innovation. On Tuesday electric car company Tesla Motors is scheduled to go public in an estimated $178 million offering. GM is nicknamed “Government Motors,” but Tesla is relying on a $465 million government loan and the money from the IPO to keep its $109,000 roadster running until it introduces a $57,400 sedan in 2012.

In my post about Uranus in Aries, I wrote about the transition to electric vehicles. Jupiter conjoining Uranus in Aries now is generating a lot of optimism about electric cars. However, taking this giant leap from gas to full electric requires going through a transition first. That is why from a conceptual standpoint, GM’s Chevy Volt makes the most sense since it runs on electric and automatically reverts back to gasoline when the electric charge runs out.

The Moon will be in Pisces Thursday and Friday which could generate all kinds of rumors – some of which could be about Friday’s June employment report. After 41,000 private sector jobs were created in May, consensus estimates are calling for a loss of 100,000 jobs. I think the number while weaker, could be a bit better than analysts are expecting. The biggest contraction in payrolls could be in government, financial services, and construction jobs.

Monday, June 28, 2010
Positive early, then becomes choppy/mixed to negative before turning positive in mid-afternoon.

Tuesday, June 29, 2010
Positive early then quickly turns choppy to negative. Improves at midday, then weakens again in the afternoon before staging a late day turnaround.

Wednesday, June 30, 2010
Positive bias, but weakest and possibly briefly negative in early afternoon.

Thursday, July 1, 2010
Choppy/mixed to negative.

Friday, July 2, 2010
Choppy/mixed conditions; seesaws back and forth between positive and negative. Nasdaq strongest.

*A mathematical calculation that moves the planets forward in time.

Elena Kagan: April 28, 1960 time unknown Manhattan
Sonia Sotomayer: June 25, 1954 time unknown Bronx, NY

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