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YOUR WEEKLY ASTRO-TRADING PLAN
IN THIS ISSUE:
Comment
Home-Based Horrors
Pro for the Gold
The Week Ahead in Earnings
The Economic Calendar
Astrological Dynamics
Spiritual Focus for the Week
Global Equities Markets
U.S. Equity Trends
Financial Cycles Model Portfolio
Market Sector Strength and Weakness
Astro-Trading Gann Plan Calendar
Stocks to Watch
COMMENT: Last Week's solar eclipse had just about
the impact on the
markets that we had anticipated, with an ebullient atmosphere getting
some serious sobering up during the trading days closes to the celestial
event. But even though we got a couple of significant down days, it
remains to be seen whether or not they are the beginning of a more
extended negative trend.
From a technical standpoint, it's important to note that the downward
action in the markets on Thursday and Friday was entirely within the
range of a normal correction in the overall upward trend in equities. In
other words, we haven't broken significant support for this market yet,
so while there are plenty of intraday opportunities available for
speculators on the short side in this market, we are still just a little
bit hesitant at this point to jump into broader short positions more
wholeheartedly.
For one thing, we still have the current Jupiter/Neptune square still
very much in evidence. As we have pointed out in the past, this is an
astrological signature of irrational exuberance, and that's certainly
what we are continuing to see in the market's persistent efforts to keep
the rally going. Even though we can question the true value of stocks
right now and groan a bit at the market's unwillingness to respond more
enthusiastically to the astrological forces at work, we definitely need
to see some further technical confirmation of a major trend change
before we are willing to bet the farm on a severe decline.
Having said that, we want to make it clear that we are still far from
optimistic about the overall market situation. There is considerable
reason for caution in the equities markets right now, even though all
the Powers That Be are working overtime to keep stock prices pumped up
and gas pump prices toned down, at least until the November elections.
Our current strategy, then, is to look for opportunities in individual
stocks that have good potential for moving against the current euphoria.
We already have some worthwhile long positions in our Model Portfolio,
and we are now ready to add a couple of short positions to keep
ourselves balanced a bit more adroitly as the market tries to figure out
which way it's going to go.
ARE THERE HOPES FOR HOUSING?
The trading week gets underway with the announcement from the national
Board of realtors on August existing home sales. The report is due at
10:00 a.m. Monday morning, and is sure to have a big impact on the
market action that day. With a Moon/Poseidon conjunction on the
Ascendant at the time of the announcement, there's likely to be a good
effort to present the housing news in a positive light, especially with
Mercury conjoining the Venus/Jupiter midpoint and Jupiter at the
Mars/Pluto midpoint.
There's a Mercury/Venus mutual reception holding sway at the time of the
announcement, however, so any good news will definitely need to be taken
with a grain of salt. In addition, a Sun/Neptune sesquiquadrate creates
some pervasive uncertainty, and although Zeus hitting the Pluto/Vulcanus
midpoint suggests the possibility of some improvement, we need to
consider the fact that Saturn is at the midpoint of Jupiter and Admetos.
This is a planetary picture which Witte describes as indicating a
tendency to "become involved in difficulties through money spending."
Existing home sales fell 4.1% in July, which was a truly significant
drop, especially since it came on the heels of a 1.3% decline in June.
One of the biggest challenges as far as the realtors are concerned is
the increasing inventory of unsold homes. In May there was a hefty
6.4-month supply of homes on the market. That number rose to a 6.8-month
supply in June, and then skyrocketed to a 7.3-month supply in July,
hitting a 13-year high for housing inventory.
Since last month's report on existing home sales was released, we have
seen a slight easing in mortgage rates, which some pundits feel may
strengthen the housing picture somewhat when the new numbers are
released this week. At the same time, however, employment numbers have
been less than impressive, and even with slightly lower gasoline prices
relaxing the stranglehold on consumers a bit, we don't see much evidence
of would-be homeowners standing in line to apply for new mortgages. So
even though Wall Street may convince itself that there is at least some
brief cause for celebration in this week's housing numbers, it's clear
to us that the real estate market is not out of the woods yet.
Pluto, Jupiter and Tennis
When Andre Agassi played the final match of his 21-year professional
tennis career earlier this month at the U.S. Open, it was astrologically
clear that he was in for some big life changes. The eight-time Grand
Slam champion currently has Solar Arc Pluto conjoining his natal Jupiter
and which not only suggests significant changes and a fundamental
transformation, but also hints at enormously rewarding financial
opportunities ahead. That may be exactly what is in store for Mr. Agassi
with his newly-announced partnership with Steve Case's luxury vacation
club, Exclusive Resorts. Case, a co-founder of America Online, purchased
Exclusive Resorts three years ago. The recreation group currently has
roughly 2,400 members who pay a minimum of $225,000 to gain access to
about 300 luxury residences in Europe, the Caribbean, and North America.
Andre Agassi will help scout new locations for the resort chain, and
will also be involved in the development of the Agassi-Graf Tennis and
Fitness Centers that will be constructed at some of the Exclusive
Resorts sites.
NEWS AND UPDATES THROUGHOUT THE WEEK
Be sure to check our website for the latest news and special offers; we
update it several times each week. Go to www.TimBost.com
and click on
"Latest News."
*****
THE WEEK AHEAD IN EARNINGS
This week we will be looking for earnings announcements from Walgreen
(WAG), Jabil Circuit, Inc. (JBL), Lennar Corporation (LEN), Paychex
(PAYX), McCormick and Company, Inc. (MKC), and Family Dollar (FDO).
THE ECONOMIC CALENDAR
The economic news this week will include the August numbers for Existing
Home Sales, the Conference Board report on Consumer Confidence, ICSC-UBS
Store Sales, Durable Goods Orders, New Home Sales, MBA Purchase
Applications, the EIA Petroleum Status Report, Jobless Claims, the EIA
Natural Gas Report, the Bureau of Economic Analysis report on Corporate
Profits, the GDP, the Help Wanted Index, Farm Prices, the National
Association of Purchasing Management Chicago Survey, Personal Income and
Outlays, the Money Supply, and the University of Michigan report on
Consumer Sentiment.
It will also be a full week of jawboning from the Federal Reserve. On
Monday Dallas Federal Reserve Bank President Richard Fisher will be in
Monterrey, Mexico to talk about the Mexican and U.S. economies. On
Wednesday Federal Reserve Governor Randall Kroszner will be talking to
the Forecasters Club of New York and Kansas City Federal Reserve Bank
President Thomas Hoenig will be explaining monetary policy in Lincoln,
Nebraska. Philadelphia Federal Reserve Bank President Charles Plosser
will be on the soapbox at a seminar for journalists in Philadelphia on
Thursday, and St. Louis Federal Reserve Bank President William Poole
will be discussing U.S. data dependence on Friday at Middle Tennessee
State University in Murfreesboro, Tennessee.
ASTROLOGICAL DYNAMICS
The markets have a very interesting week ahead of them astrologically,
mainly because of the contrast between the dominant outer planet action
of Jupiter and Neptune and the day-to-day inner planet action that can
impact short-term market moves. The Jupiter/Neptune square on Sunday
sets the overriding tone for the market as a whole this week, and its
influence is definitely to the down side. Most of the key planetary
aspects that occur during the week, however, bring a positive bias with
them, so the net result is anybody's guess.
On Monday afternoon a waning Venus/Pluto square brings a strong dose of
positive energy to the trading environment. It's helped along by a
Venus/Admetos trine about half an hour before the closing bell. This
aspect typically triggers some fairly choppy market action for a few
days, but it brings a generally positive bias to the trading floor.
The opposition of Venus to the True Lunar Node in the middle of the
trading day on Tuesday is likely to trigger some fairly strong positive
action, but it is modified somewhat by the waxing Sun/Kronos square at
the closing bell. This particular planetary aspect often provokes some
very congested trading, so the overall combination suggests that even
though the Bulls may hold sway, moves to significant new highs are
likely to be a hard-fought and difficult to maintain.
The Hades retrograde station in the early morning hours on Wednesday is
likely to provoke a midweek breather for the markets, since it has a
decidedly negative influence on large-cap trading. The mid-morning
waxing Venus/Hades square that day is a mitigating factor, however,
since it brings a slightly positive bias to the picture.
Overall, we expect corrective pressures to dominate the trading
environment for much of the remainder of the week, since the
Mercury/Apollon conjunction on Thursday is likely to provoke some
profit taking, and since Friday's Pluto/Admetos quincunx is likely to
keep much of the trading energy flat. The heliocentric Mars/Neptune
trine in the middle of the trading day on Friday tells a decidedly
different story, however, since this aspect often triggers strong
positive moves in the market. We should note that with Venus moving
into Libra over the weekend there is an additional likelihood that an
optimistic tone will prevail as the trading week comes to a close.
On balance, then, while this week offers some good opportunities for day
traders, longer-term position players are likely to find lots of
frustrating factors at work. While the drive to new highs is likely to
pick up some steam, there are still plenty of background concerns
reminding us that a high level of caution is appropriate right now.
Throughout this week we will be tracking geocentric third-harmonic
planetary lines (G,120,N,-2) for the Sun, Mercury, Venus, Chiron, Hades,
and Admetos, using the Fibonacci/Galactic Trader software from P.A.S. to
follow the active planetary support and resistance in real time.
Have a great week!
*****
SPIRITUAL FOCUS FOR THE WEEK
Many of history's most successful traders have clearly understood that
emotional equilibrium is the key to effective trading. Through Practical
Spiritual Astrology we have an opportunity to restore inner harmony,
enhance emotional balance, and make wiser choices in the markets.
At one time in the past we may have thought it possible to conceal our
true motivations and to obscure the remnants of our former
transgressions, but that is no longer the case. The enriched awareness
and divine inspiration that are flowing into our planet now cast a clear
and relentless light on who we truly are, revealing to others and to
ourselves not the fact that we are somehow incompetent or unscrupulous,
but rather the realization that we are becoming more fully adept every
day as we work to embody and express the ineffable Grace that imbues our
lives with unimaginable blessings as it transfigures all that we see or
touch.
"To improve is to change; to be perfect is to change often." --Sir
Winston Churchill
For more astrologically-based spiritual insights and a free subscription
to our monthly e-zine, be sure to visit
www.PracticalSpiritualAstrology.com.
*****
GLOBAL EQUITIES MARKETS
With an August 24/September 12 double bottom firmly in place, Hong
Kong's Hang Seng Index continued its upward momentum last week, moving
into its highest territory in years and clearly setting its sights on
the record levels it set in 2000. Elsewhere around the world, however,
the outlook was suddenly and decisively bearish, right in keeping with
our expectations for the Solar Eclipse.
Dow Jones Industrial Average -- down 0.46%
Dow Jones Transportation Average -- down 1.73%
Dow Jones Utilities Average -- down 0.75%
S+P 500 -- down 0.39%
NASDAQ Composite Index -- down 0.75%
Russell 2000 -- down 1.47%
London FTSE-100 -- down 0.93%
Paris CAC-40 -- down 0.06%
Frankfurt DAX -- down 0.92%
Sydney All Ordinaries -- down 0.98%
Tokyo Nikkei Index -- down 1.46%
Hong Kong Hang Seng Index -- up 2.11%
Singapore Straits Times Index -- down 0.06%
*****
U.S. EQUITY TRENDS
In spite of the influence of various astrological factors, the U.S.
equities markets continue to trade in fairly well-defined channels. Our
trend assumptions thus remain unchanged.
The Russell 2000 is still on a May 15 short-term sell signal and a May
23 intermediate-term sell signal. A daily close above 784 will reverse
these indicators back to the buy side, while a close below 614 will move
our long-term indicator for the Russell to the sell side.
The NASDAQ Composite is now on a September 1 short-term buy signal, a
May 18 intermediate-term sell signal, and a July 21 long-term sell
signal. A daily close below 2012 will flip our short-term indicator back
to the sell side, while a daily close above 2353 is needed to move our
intermediate and long-term assumptions back to a positive direction.
In the S+P 500 we have August 18 buy signals in place for the short term
and the intermediate term, conforming to our long-term trend
assumptions. A close for the S+P below 1168 will signal a long-term
bearish trend, with a close below 1219 turning our intermediate-term
indicator bearish, and a close below 1261 generating a sell signal for
the short term.
S+P 500 -- Long-Term Bullish; Intermediate-Term Bullish; Short-Term Bullish
NASDAQ -- Long-Term Bearish; Intermediate-Term Bearish; Short-Term Bullish
RUSSELL 2000 -- Long-Term Bullish; Intermediate-Term Bearish; Short-Term
Bearish
*****
FINANCIAL CYCLES MODEL PORTFOLIO
POSITION CLOSED DURING THE PREVIOUS WEEK: CMX.
We closed one position in the Model Portfolio last week, with one winner
bringing us a net profit of $930.00.
On 09/18/06 we sold 200 shares of Caremark Rx Inc. (CMX) at 57.91,
taking a profit of $930.00 (an 8.73% gain in 32 trading days).
*****
POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS
WEEK: ED, DDS, HNP,
PLL.
We added three long positions and one short position to the Model
Portfolio last week.
We bought 300 shares of Consolidated Edison Inc. (ED) at 45.65 on
09/18/06, with an initial stop set at 42.45.
We bought 300 shares of Dillard's Inc. (DDS) at 32.23 on 09/18/06, with
an initial stop set at 30.75.
We sold short 400 shares of Huaneng Power International Inc. (HNP) at
27.80 on 09/21/06, with an initial buy stop set at 28.40.
We bought 300 shares of Pall Corporation (PLL) at 30.72 on 09/21/06,
with an initial stop set at 28.95.
****
REVIEW OF PREVIOUS MODEL PORTFOLIO ACTIVITY
So far this year we have had a total of 136 completed trades, with 59
winners and 77 losers bringing us a total net profit of $11,360.00. The
largest profit for a single trade has been $2,595.00, with our winners
averaging $526.33; the largest single-trade loss has been $949.00, with
our losers averaging $260.30. The overall average profit per trade has
been $83.53, and the mean duration of our trades has been 9.3 trading days.
During 2005 we had a total of 200 completed trades, with 79 winners and
121 losers bringing us a total net profit of $14,993.00. The largest
profit for a single trade was $4,884.00, with our winners averaging
$630.55; the largest single-trade loss was $956.00, with our losers
averaging $304.42. The overall average profit per trade was $74.97. The
mean duration of our trades was 10.4 trading days.
During 2004 we had a total of 213 completed trades, with 104 winners and
109 losers bringing us a total net profit of $48,913.50. The largest
profit for a single trade was $5,645.00; the largest single-trade loss
was $750.00; the average profit per trade was $229.64. The mean duration
of our trades was 10.3 trading days.
During 2003 we had a total of 176 completed trades, with 99 winners and
77 losers bringing us a total net profit of $51,717.00. The largest
profit for a single trade was $9,240.00; the largest single-trade loss
was $1,170.00; the average profit per trade was $293.85. The mean
duration of our trades was 10.1 trading days.
During 2002 we had a total of 195 completed trades, with 119 winners, 74
losers, and 2 break-even trades bringing us a total net profit of
$50,956.00. The largest profit for a single trade was $5,100.00; the
largest single-trade loss was $1,055.00; the average profit per trade
was $261.31. The mean duration of our trades was 12.7 trading days.
*****
CURRENT POSITIONS IN THE MODEL PORTFOLIO
Colgate-Palmolive Company (CL) -- bought 200 shares at 60.75 on
09/08/06; currently 61.60. Raise stop to 61.35.
Consolidated Edison Inc. (ED) -- bought 300 shares at 45.65 on 09/18/06;
currently 46.02. Raise stop to 45.84.
Constellation Brands Inc. (STZ) -- sold short 400 shares at 27.72 on
09/15/06; currently 27.59. Lower buy stop to 27.95.
Dillard's Inc. (DDS) bought 300 shares at 32.23 on 09/18/06; currently
32.04. Raise stop to 31.65.
Huaneng Power International Inc. (HNP) -- sold short 400 shares at 27.80
on 09/21/06; currently 27.40. Lower buy stop to 27.70.
Pall Corporation (PLL) -- bought 300 shares at 30.72 on 09/21/06;
currently 30.18. Raise stop to 29.85.
Symantec Corporation (SYMC) -- bought 600 shares at 18.88 on 09/11/06;
currently 21.08. Raise stop to 20.24.
*****
MARKET SECTOR STRENGTH AND WEAKNESS
STRONGEST MARKET SECTORS LAST WEEK:
Agricultural Chemicals; Grocery Stores; Auto Parts Stores; Multimedia
and Graphics Software; Home Furnishing Stores.
WEAKEST MARKET SECTORS LAST WEEK:
Internet Information Providers; Generic Drugs; Drug Stores; Lumber and
Wood Products; Auto Parts.
*****
ASTRO-TRADING GANN PLAN:
ASTROLOGICAL EVENTS DURING THE COMING WEEK
"I know in each moment I am free to decide."
Whether you are day-trading or just looking for optimum entry and exit
points during the course of a particular trading day, an awareness of
the intraday astrological aspects at work can alert you to significant
opportunities and potential pitfalls. The events on our weekly calendar
are calculated for New York time, but are listed around the clock and
throughout the week so you can apply them to Forex, to global markets or
to events outside of your trading day as well.
September 24
Heliocentric Earth biquintile Heliocentric Poseidon 05:42 EDT
Mercury parallel Uranus 07:59 EDT
Mercury parallel Uranus in right ascension 07:59 EDT
Void-of-Course Moon 10:11-21:54 EDT
Heliocentric Mercury enters Sagittarius 10:57 EDT
Venus square Pluto in right ascension 12:00 EDT
Mercury opposition 04/08/05 Solar Eclipse Point 12:55 EDT
Heliocentric Earth sesquiquadrate Heliocentric Saturn 15:30 EDT
Jupiter square Neptune 16:30 EDT
Venus biquintile Neptune 21:48 EDT
Sun conjunct 03/19/07 Solar Eclipse Antiscion 22:36 EDT
Heliocentric Mars sextile Heliocentric Saturn 22:43 EDT
September 25
Heliocentric Mercury semisquare Heliocentric Mars 01:18 EDT
Venus contraparallel Zeus 02:59 EDT
Mars sextile Cupido 03:44 EDT
Venus contraparallel Mars 03:51 EDT
Venus contraparallel Zeus in right ascension 03:56 EDT
Venus contraparallel Mars in right ascension 04:24 EDT
Mars parallel Zeus 05:31 EDT
Heliocentric Earth trine Heliocentric Mercury 05:48 EDT
Mars parallel Zeus in right ascension 07:19 EDT
Sun sesquiquadrate Neptune 09:16 EDT
Moon crossing Universal Clock 24 Line 09:55 EDT
Heliocentric Mercury quincunx Heliocentric Kronos 10:12 EDT
Heliocentric Venus square Heliocentric Cupido 13:26 EDT
Sun semisquare Jupiter 13:30 EDT
Venus square Pluto 14:09 EDT
Venus trine Admetos 15:27 EDT
Mars opposition 09/11/07 Solar Eclipse Antiscion 06:16 EDT
Mercury sextile Saturn 16:29 EDT
Venus conjunct 03/14/06 Lunar Eclipse Point 16:53 EDT
Heliocentric Earth square Heliocentric Kronos 18:21 EDT
Venus semisextile Apollon 18:37 EDT
Heliocentric Venus opposition Heliocentric Uranus 20:49 EDT
Heliocentric Venus quintile Heliocentric Jupiter 22:53 EDT
Venus sextile Vulcanus 23:13 EDT
September 26
Venus in 24th harmonic to Zeus 00:36 EDT
Venus opposition True Lunar Node in right ascension 00:41 EDT
Mercury trine Neptune in right ascension 07:23 EDT
Mars quincunx Uranus 08:26 EDT
Mercury in 24th harmonic to Poseidon 08:32 EDT
Mars crossing Universal Clock 24 Line 10:56 EDT
Venus square Hades in right ascension 11:08 EDT
Venus opposition True Lunar Node 12:10 EDT
Heliocentric Venus biquintile Heliocentric Chiron 12:29 EDT
Sun square Kronos 16:03 EDT
Mars quintile Pluto 18:27 EDT
Heliocentric Earth semisquare Heliocentric Neptune 18:28 EDT
Venus sextile Vulcanus in right ascension 18:32 EDT
Mercury parallel Apollon in right ascension 18:44 EDT
Mercury parallel Apollon 18:58 EDT
Heliocentric Mercury quintile Heliocentric Neptune 20:43 EDT
Heliocentric Venus quintile Heliocentric Kronos 22:37 EDT
September 27
Heliocentric Mercury semisextile Heliocentric Poseidon 01:14 EDT
Void-of-Course Moon 01:23-09:16 EDT
Hades retrograde station 02:49 EDT
Heliocentric Mars biquintile Heliocentric Admetos 04:20 EDT
Heliocentric Mercury sextile Heliocentric Chiron 08:23 EDT
Sun square Kronos in right ascension 08:44 EDT
Moon crossing Universal Clock 24 Line 09:15 EDT
Venus square Hades 11:01 EDT
Sun trine Chiron 15:24 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Vulcanus 16:34 EDT
Sun parallel True Lunar Node 18:51 EDT
Mercury opposition 10/17/05 Lunar Eclipse Point 21:47 EDT
Sun parallel True Lunar Node in right ascension 22:01 EDT
Heliocentric Mercury semisquare Heliocentric Apollon 23:11 EDT
Mercury sextile Pluto 23:29 EDT
Mercury quincunx Admetos 23:51 EDT
September 28
Heliocentric Mercury sextile Heliocentric Zeus 00:16 EDT
Mercury conjunct Apollon 03:24 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Jupiter 03:53 EDT
Heliocentric Venus semisextile Heliocentric Saturn 04:39 EDT
Mercury square Vulcanus 06:58 EDT
Mercury in 24th harmonic to Zeus 08:38 EDT
Mercury conjunct Apollon in right ascension 09:54 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Pluto 10:38 EDT
Sun contraparallel Venus 13:11 EDT
Venus contraparallel Sun in right ascension 13:26 EDT
Mercury conjunct 08/28/07 Lunar Eclipse Antiscion 16:10 EDT
Sun trine Chiron in right ascension 17:01 EDT
Mercury quincunx True Lunar Node 17:13 EDT
Venus opposition 03/19/07 Solar Eclipse Point 17:26 EDT
Sun opposition 03/14/06 Lunar Eclipse Antiscion 18:45 EDT
Heliocentric Mercury conjunct Heliocentric Cupido 23:07 EDT
September 29
Venus contraparallel True Lunar Node in right ascension 00:12 EDT
Pluto quincunx Admetos 02:21 EDT
Venus contraparallel True Lunar Node 03:11 EDT
Heliocentric Mercury square Heliocentric Uranus 03:40 EDT
Moon crossing Universal Clock 24 Line 06:55 EDT
Sun semisquare Saturn 08:07 EDT
Mercury semisquare Cupido 08:17 EDT
Mercury sextile Saturn in right ascension 08:28 EDT
Heliocentric Venus semisextile Heliocentric Mars 08:58 EDT
Venus in 24th harmonic to Mars 09:26 EDT
Heliocentric Venus quincunx Heliocentric Neptune 09:46 EDT
Mercury sextile Pluto in right ascension 11:08 EDT
Heliocentric Mars trine Heliocentric Neptune 11:50 EDT
Mercury trine Hades 13:33 EDT
Venus quintile Cupido 14:45 EDT
Void-of-Course Moon 16:45-18:01 EDT
Venus conjunct 09/22/06 Solar Eclipse Point 16:52 EDT
Mercury sesquiquadrate Uranus 18:26 EDT
Sun quintile Vulcanus 19:37 EDT
Heliocentric Jupiter quincunx Heliocentric Hades 20:42 EDT
September 30
Sun semisextile Poseidon 00:09 EDT
Heliocentric Mars biquintile Heliocentric Uranus 03:29 EDT
Venus enters Libra 06:01 EDT
True Lunar Node 06:44 EDT
Heliocentric Earth quincunx Heliocentric Poseidon 08:40 EDT
Heliocentric Mercury trine Heliocentric Saturn 13:07 EDT
Venus opposition 09/22/06 Solar Eclipse Antiscion 19:10 EDT
Mars conjunct 09/07/06 Lunar Eclipse Antiscion 21:22 EDT
Heliocentric Mercury biquintile Heliocentric Vulcanus 23:14 EDT
October 1
Saturn trine Pluto in right ascension 00:16 EDT
Mercury parallel Chiron 02:23 EDT
Mercury parallel Chiron in right ascension 02:25 EDT
Moon crossing Universal Clock 24 Line 02:26 EDT
Mercury trine Hades in right ascension 03:13 EDT
Heliocentric Mercury sextile Heliocentric Neptune 05:41 EDT
Heliocentric Earth sextile Heliocentric Chiron 06:14 EDT
Jupiter sesquiquadrate Kronos 08:25 EDT
Mercury square Vulcanus in right ascension 10:17 EDT
Heliocentric Venus semisquare Heliocentric Poseidon 13:44 EDT
Heliocentric Mercury sextile Heliocentric Mars 14:01 EDT
Sun opposition 03/29/06 Solar Eclipse Point 17:35 EDT
Venus conjunct 03/19/07 Solar Eclipse Antiscion 18:35 EDT
Heliocentric Earth semisquare Heliocentric Admetos 19:42 EDT
Void-of-Course Moon 23:16-23:24 EDT
While our weekly Gann Plan Astro-Trading Calendar acknowledges and
honors the work of legendary trader W. D. Gann, it only reflects a small
portion of the wisdom that Gann brought to the markets during the last
century. For more Gann Plan trading insights be sure to read the free
GANN PLAN TRADING LETTER. The current issue can be downloaded without
charge or obligation at http://www.gannplan.com.
Be sure to get your
free subscription when you visit the site; you'll be notified about each
new issue as soon as it is available.
*****
STOCKS TO WATCH: AMGN, NU.
Potential Candidates for Short-Term Trades
Amgen, Inc. (AMGN)
NASDAQ; optionable
First Trade Date: 06/17/1983; 10:00 a.m.
With transiting Jupiter crossing its First-Trade IC, AMGN has seen a
very nice price pop during the past couple of weeks. Right now, however,
Jupiter is adding some distance between itself and that point in the
First-Trade chart, and at the same time transiting Saturn is closing in
on the First-Trade Ascendant. That hints strongly of some corrective
action on the way, but when we add in the additional factors of
transiting Pluto conjoining the First-Trade True South Lunar Node and
transiting Uranus sesquiquadrate First-Trade Pluto, this could prove to
be a very volatile situation--and a very profitable one on the short
side. We thus plan to sell AMGN short around the middle of this trading
week, with an initial buy stop set at 73.55.
Northeast Utilities (NU)
NYSE; optionable
First Trade Date: 02/20/1967; 09:30 a.m.
This stock initially caught our attention because transiting Jupiter is
getting ready to cross the NU First-Trade Descendant, which could mean
some positive price action in the upcoming trading sessions. On closer
examination, however, the NU First-Trade horoscope revealed a lot of
other action going on behind the scenes which skews the picture
considerably. It seems that during the past couple of months transiting
Cupido has been taking its time with a direct station that's
sesquiquadrate First-Trade Jupiter; this positive configuration has no
doubt been a contributing factor in keeping the price for NU high. In
fact, the stock has formed a fairly well-defined seven-week base in a
classic technical pattern that sets the stage for a positive breakout.
Right now, however, Cupido is starting to pick up a little speed and
will soon be out of orb for that sesquiquadrate to Jupiter, so it
remains to be seen whether or not the current price levels will hold. In
addition to that, transiting Pluto is now about to form a square to
First-Trade Chiron, and at the same time transiting Chiron is lining up
to form a sesquiquadrate to First-Trade Pluto. Although these aspects
may ultimately prove to bring good news for NU, they suggest some pretty
severe short-term challenges for the stock. And there's more! A couple
of other transneptunians are getting into the act, with transiting
Neptune sesquiquadrate First-Trade Vulcanus and transiting Admetos in
opposition to First-Trade Neptune. These aspects are indications of
weakening momentum and a shrinking stock price. On balance, then, it
looks like NU is about to make a valiant attempt at a breakout from its
trading range of the past seven weeks, but that breakout is likely to
fail. In our book that's a good reason to sell this stock short. We plan
to do so near the end of this trading week, with our initial buy stop
set at 24.60.
*****
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