Summary Of Last Week’s Influences:
Despite the brief pullback in the market between February 22 and March 16, the Dow gained 6.4% in the first quarter of 2011 – its best first quarter in percentage terms in 12 years. A better than expected employment report Friday together with merger mania and a more optimistic business outlook amongst the nation’s top chief executives, pushed the major indices up to new intraday highs on April Fool’s Day before falling back to close at levels just below their February 18 Leo Full Moon 2011 closing highs.
The combination of the Sun (speculation), Jupiter (expansion) and Uranus (record breaking spikes; surprises) in enthusiastic and fast moving Aries is contributing to the speculative fever that is running full speed ahead of fundamentals just as it was one Jupiter cycle ago in 1999 before the dot com crash. “Subprime Bonds Are Back” was Friday’s lead story in the WSJ as investors are paying around 60 cents on the dollar for subprime mortgage bonds - double their value since the bottom of the financial crisis. Near zero interest rates and two rounds of quantitative easing are pushing investors way out on the risk curve to obtain yield.
In last week’s Forecast I mentioned that Venus (money/banking; love) entering Pisces (which rules drugs) until April 21 “can bring out of the closet more cases of insider trading…” On Tuesday the SEC charged Cheng Yi Liang, an FDA chemist with access to drug approval decisions along with his son of reaping $3.6 million in profits from insider trading in advance of 27 FDA drug approval decisions involving 19 publicly trading companies.
Mercury retrograde (see link in next section) is not the time to start something completely new, especially when the Moon is in the waning (releasing) phase of its cycle and making no major aspects to any other planets. It was appropriate that this combination of influences occurred on April Fool’s Day when the Nasdaq and ICE made an unsolicited counter bid to buy the NYSE for $11.3 billion since it is unlikely that the merger will occur.Summary Of This Week’s Influences:
Please see my previous post for more info on Mercury retrograde and the New Moon in Aries. Last week’s Weekly Forecast delved in to the impact of Pluto turning retrograde April 9 as the Sun conjoins Mercury in Aries. This could reveal a lot about what’s really happening at the nuclear plant in Japan.
Monday begins with the Moon still in Aries and Neptune entering Pisces for the first time in 165 years. Neptune represents the interconnectedness of all things that unite rather than divide. Like the demonstrations through the Middle East today demanding democratic reforms, Neptune in Pisces in 1848 saw a wave of democratic demonstrations throughout Europe that became known as the “year of revolution.”
Monday also reflects the shift in energies as Mercury entered its home sign Aries early Saturday, conjoining Uranus, the planetary energy of reversals and unexpected events Sunday at the same time the Sun opposed Saturn. These energies can raise the potential for a reversal, indicating the market could have put in a temporary top last Friday or could do so this week. But with 6 planets in gung ho Aries at the New Moon, even Saturn might not be able to contain the fire and cool things off.
Mars conjoining Uranus squaring the Federal Reserve’s natal Sun in Capricorn Monday puts Ben Bernanke on center state Monday evening when he gives a speech before the Atlanta Fed’s Financial Markets Conference.
The Moon (sentiment) will be in Venus-ruled Taurus Monday evening until early Thursday morning, putting banks and financials in focus. The Sun conjoining Jupiter in Aries Wednesday raises the potential for large market moves today which are not always bullish as Jupiter can exaggerate.
The Moon shifting into Mercury-ruled Gemini Thursday until later Saturday afternoon can accentuate some of the snafus that are commonly associated with Mercury retrograde although mostly favorable aspects between the Moon and the planets in Aries can help to offset any potential travel and shipping snafus, problems with transmitting data and data feeds, and various communications glitches. The Moon favorably aspecting Mercury late Friday night could represent Congress reaching a deal to fund the government through the current fiscal year.
Monday, April 4, 2011Negative, but could experience choppy/mixed conditions intraday.
Tuesday, April 5, 2011Positive.
Wednesday, April 6, 2011Market could make big moves in either direction, but with Aries’ ruler Mars in its home sign Aries, the moves are more likely to be to the upside.
Thursday, April 7, 2011Choppy/mixed to moderately positive.
Friday, April 8, 2011Negative.