Mercury (communication/commerce/movement) and Venus (money/net worth/banking/love) moved into Taurus Sunday evening. Mercury will be in Taurus until June 2 and Venus is strengthened in its home sign Taurus until June 9. Together with the Sun and Mars it brings the total number of planets in Taurus to four until the Sun (speculation; self-identity) enters Mercury-ruled Gemini Saturday.
Mercury and Venus will conjoin early Monday morning while favorably aspecting Neptune in Pisces. Together these influences can generate news that could give the market hope of gaining momentum regardless of macro conditions. Any aspect to Neptune raises the potential for hype and rumors to take precedence over facts. News today could benefit the pharmaceutical and/or film industry.
The Moon (sentiment) is in Scorpio Monday followed by the Full Moon occurring at 7:09 AM EDT Tuesday. The Full Moon in Scorpio reflects that the federal debt limit has been reached which could create a financial crisis all its own if Congress fails to raise the debt ceiling before it’s too late. (See my previous post for more about this.)
The Sun harmonized with Pluto on April 27 and now it’s time for Mars (action), Venus and Mercury in Taurus to do so at the end of the week at the same time that Mercury conjoins Mars. Investors could move to leveraged ETFs today to attempt to accelerate their returns. Another reason for potentially increasing risk now is that investors might think that increased worries about sovereign debt will continue to keep the Fed ultra accommodative.
Monday, May 16, 2011
Tuesday, May 17, 2011
Negative bias but potential for wild swings intraday could improve to close mixed.
Wednesday, May 18, 2011
Choppy/mixed to positive.
Thursday, May 19, 2011
Positive trend early reverses to become mixed to negative in afternoon.
Friday, May 20, 2011