WallStreetWeather.net Forecast For Week Of May 8, 2011

This Forecast will be brief after writing an analysis paralysis on the mythology of Osama bin Laden. A couple of topics relating to the Weekly Forecast will be covered in separate posts during the week.

The Moon (sentiment) in Leo combined with Mercury conjoining Venus in Aries Monday can bring news that increases the desire for riskier investments with the hope of turning a quick profit. (Note that Mercury conjoins Venus again on May 16 when they will be in Venus-ruled Taurus.)

The First Quarter Moon in Leo Tuesday at 4:33 PM EDT indicates that U.S./China talks on economic and security early this week could yield more positive results than expected. In any event, U.S. exports are rapidly expanding. There are opportunities for improving diplomatic relations. The public has a somewhat more cautious outlook and continues to be concerned about home values. The Taurus Sun in the sector ruling debt squaring the Moon in the sector ruling Congress indicates the majority of the public want the President and Congress to make the effort now and reach agreement on raising the debt ceiling.

The Moon entering Virgo Wednesday at 9:59 AM until late Thursday indicates it’s time to examine the details more carefully to ensure everything is fully accounted for. Mars enters Taurus early Wednesday until June 20. This is the perfect time to take action on money matters, especially as the Sun, Mercury and Venus will also be in Taurus May 15-21. The pace and enthusiasm for the most speculative investments could begin slowing down as Mars (May 11), Mercury and Venus (May 15), and Jupiter (June 4) shift from Aries to Taurus. Unlike Aries energy that thrives on concepts, Taurus prefers actual profits that are sustainable.

Venus conjoins Jupiter in Aries Wednesday which tends to be a bullish influence. However, Mercury conjoining Jupiter in Aries for the third time (their previous alignments were March 15 and April 11) could temper the enthusiasm which might reflect a large amount of profit taking.

The Producer Price Index is released Thursday followed by the Consumer Price Index on Friday. Both of these reports could show inflation was higher than expected in April. Venus enters Libra just before midday on Venus-ruled Friday for the next two days, turning the focus to financial alliances and relationships.

Monday, May 9, 2011
Positive and strongest in the morning.

Tuesday, May 10, 2011
Positive.

Wednesday, May 11, 2011
Positive, but could weaken with even a late day reversal possible.

Thursday, May 12, 2011
Improves as the day progresses.

Friday, May 13, 2011
Negative.

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