WallStreetWeather.net Forecast For Week Of March 14, 2011
Due to writing the post on Japan’s earthquake, this week’s Forecast will be brief. The three events of the week and weekend (Tuesday’s FOMC meeting, Saturday’s Virgo Full Moon, and next Sunday’s Vernal Equinox) will be addressed in separate posts this week as I get back in the groove of posting more frequently.
The major indices bucked the global trend by closing higher Friday although they were negative for the week. Monday begins with the Moon (sentiment) in its “home” sign Cancer which strengthens the lunar influences. With the USA Sun, Mercury, Venus, and Jupiter in Cancer, the Moon’s monthly transit in this sign tends to have a greater influence on U.S. indices.
Mercury in Aries exactly squared Pluto in Capricorn yesterday, reflecting news about the nuclear fallout from Friday’s earthquake is influencing the markets. Mars in Pisces forming a stressful alignment to Saturn in Libra raises concerns about the cost of repairing and rebuilding Japan’s infrastructure and its effect on economic growth.
Monday and Tuesday were noted in my Winter Solstice post as being a time of more pronounced market moves although it looks like most of the week could see its share of at least larger intraday moves. Although Monday’s planetary influences are negative, the lunar influences tend to be more positive which could manifest as the market doing better than would be expected under the circumstances.
The Moon moves into Leo, the sign of the Sun and speculation Tuesday afternoon through Thursday. Mercury conjoining Jupiter in Aries Tuesday (an alignment that will occur again April 11 when Mercury is retrograde* and for the final time on May 11) tends to bring news that generates optimism and possible announcements of exciting discoveries. But look out if the news fails to meet expectations as Jupiter will exaggerate its impact.
The Moon will be in Mercury-ruled Virgo Friday as Mercury opposes Saturn which could bring delays or difficulty in reaching a compromise on legislation, so Congress had better pass their temporary extension to keep the government funded through April 8 before Friday if they want to avert a Full Moon government shutdown! (Interestingly, the Mercury MESSENGER is scheduled to begin orbiting the planet Mercury at this time.)
As described in last week’s Forecast, the opposition of Jupiter (growth/bullishness) vs. Saturn (contraction/bearishness) is growing stronger. If we are to have any kind of pullback or possible correction before summer, the next few weeks are the most likely time before the bull in Taurus charges forward.
Monday, March 14, 2011
Tuesday, March 15, 2011
Reversal of yesterday but could weaken approaching the close.
Wednesday, March 16, 2011
Volatile/choppy; negative bias but could improve going into the close.
Thursday, March 17, 2011
Choppy session; mixed close.
Friday, March 18, 2011 (Quadruple Options Expiration)
Choppy/mixed to negative.
*Mercury will be retrograde in Aries March 30 to April 23. (I will discuss Mercury retrograde in a separate post; see this link for info on the last time Mercury was retrograde.)
Posted 3/14/2011 12:44:00 AM