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YOUR WEEKLY ASTRO-TRADING PLAN
IN THIS ISSUE:
Comment
Sell on Yom Kippur?
Economic Braking
Nature Meditation
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: It was close, but no cigar. The Dow
Jones Industrial Average
flirted with a new record high on an intraday basis last week, but was
unable to sustain itself very long in that rarefied atmosphere. Then,
huffing and puffing, it was obliged to retreat a bit by the end of the
trading week.
And so we get to try again. What's most interesting, however, is the
general lack of enthusiasm for this dalliance with new records, either
on the part of the news media or on the trading floor. A new record is,
well, just another new record, and ultimately it has little to do with
the rally's sustainability or with the likelihood of avoiding a serious
correction between now and the end of the year
THE YOM KIPPUR INDICATOR
The old trader's adage to "buy stocks on Rosh Hashanah and sell them
before Yom Kippur" has proven to be accurate once again this year, with
equities up nicely since the last New Moon, which in this case was also
a Solar Eclipse. There is a need for a word of caution here, however.
While this seasonal phenomenon often works out to provide a nice
opportunity for short-term profits in the stock market, it is not a hard
and fast indicator that declining prices are on the way past Yom Kippur.
This year we certainly expect to see some reduced trading volume on
Monday in a reflection of the religious holiday. And while there may be
some congestion ahead in equities trading, we aren't using the Rosh
Hashanah/Yom Kippur pattern as a conclusive indication that we should be
committing only to short positions.
As a matter of fact, most of the astrological indications coming up for
the next couple of weeks suggest either bullish market action or
congested price movement. But while the blue-chip averages may take
another stab at penetrating those all-too-resistant highs, we're not
quite ready to throw all caution to the winds and start celebrating with
abandon. There's plenty going on to suggest that this rally is not
sustainable indefinitely, so we are continuing to add short positions as
well as long ones to the Financial Cycles Model Portfolio.
A SLOWDOWN OR A SCREECHING HALT?
More and more pundits and economists are now admitting that the economy
is headed for a serious slowdown in the coming months. However, the
somewhat desperate consensus is that a significant recession can somehow
be avoided. That may be entirely wishful thinking, but if the illusion
can just be sustained for a few more weeks, it will at least give the
incumbent political candidates something to crow about. What the voters
do in the upcoming November congressional elections, however, is likely
to be another story altogether.
HEALING MOTHER EARTH
Full Moons are always appropriate times for special meditation activity,
and this Friday's celestial event is no exception. One thing that's a
little different for this particular Full Moon, however, is that it has
been chosen for a Native American ceremony called "When Nature Comes
Together" by the organizers.
The ritual will be performed on October the 6, 2006 at 11:00 p.m.
Eastern Daylight Time in the U.S.A. At that time Gray Hawk, the driving
force behind the event, is inviting the world's inhabitants to
participate in the ceremony in an effort to protect the environment from
man's intervention. According to the announcement of the event, the
organizers "do not ask for any contributions and they are not selling
anything. All they are asking is for 15 minutes of your time to think
about what you can do to help save us from ourselves."
You will find a website containing the story behind the Native American
ceremony at http://www.regp.com/nativeamerican/index.html.
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 are anticipating earnings announcements from Pepsi Bottling
Group (PBG), Constellation Brands, Inc. (STZ), Marriott International
(MAR), Micron Technology (MU), and Solectron (SLR).THE ECONOMIC CALENDAR
As far as economic news goes this week, we will be looking for the
numbers on Construction Spending, Pending Home Sales, the ISM
Manufacturing Index, Motor Vehicle Sales, ICSC-UBS Store Sales, the
Challenger Job-Cut Report, MBA Purchase Applications, the EIA Petroleum
Status Report, Jobless Claims, the EIA Natural Gas Report, ADP
Employment, the ISM Non-Manufacturing Survey, Factory Orders, the
Monster Employment Index, Chain Store Sales, the RBC Cash Index, the
Employment Situation, Chain Store Sales, the Money Supply, and Consumer
Credit.
We'll get interest rate announcements from the European Central Bank and
the Bank of England, and in the U.S. the Federal Reserve will be busy,
too. On Tuesday Kansas City Federal Reserve Bank President Thomas Hoenig
will be In Albuquerque, New Mexico to talk about the U.S. economic
outlook, and on Thursday Charles Plosser will be making his first public
speech in his new role as Philadelphia Federal Reserve Bank President.
On Wednesday New York Federal Reserve bank President Timothy Geithner
will be in Washington to talk at the School of Advanced International
Studies and Federal Reserve Governor Donald Kohn will be in New York to
talk to an audience at New York University. The big central bank news on
Wednesday, however, is sure to be Fed Chairman Ben Shalom Bernanke's
lunchtime speech to the Economic Club of Washington, D.C.
ASTROLOGICAL DYNAMICS
The trading week gets underway with Mercury entering Scorpio, a
planetary indicator typically followed by rising stock prices for about
a week or so. Monday's aspects from the Sun and heliocentric Venus to
Admetos may add a little caution to the start of the week, but the
heliocentric action by Venus and Mercury as they connect with the
transneptunians in the middle of the trading day suggests that the bulls
are far from ready to leave the field.
The Sun/Zeus conjunction in the early morning hours on Tuesday is a
planetary signal that is sometimes followed by a few days of retreating
equities prices, but it typically launches a blue-chip rally lasting
several weeks. The Kronos retrograde station later that morning,
however, is a significant mitigating factor. Stock prices typically rise
coming into a Kronos retrograde station, but then enter a fairly
prolonged pattern of congestion after the date of the station itself.
On Wednesday the most noteworthy action comes from the Sun's trigger to
next September's Solar Eclipse. This is a significant configuration
mainly because next year's eclipse on the sixth anniversary of the 9/11
terrorist attacks is currently getting far more planetary triggers than
the current year's Fall Equinox eclipse. While these pre-eclipse
triggers a year ahead of time may not be the most significant
astrological factors at work, they are nevertheless well worth noting
because they set up a pattern of tension which can intensify other
planetary interactions and add more vehemence to market swings.
We often use the keyword "inconvenient" to describe the action and
influence of the comet Chiron, and Thursday's Mercury/Chiron square is
likely to illustrate this choice of words nicely. This particular
planetary aspect is typically followed by congested market action, and
with the added kicker of Saturday's Mercury/Poseidon conjunction there
is plenty going on to suggest that both the bulls and bears may be
feeling frustrated near the end of the trading week.
If there is any trend in evidence at all by the end of the week,
however, it is likely to favor the long side in blue-chip action.
Friday's heliocentric ingress of Venus into Libra is a strongly bullish
indicator, triggering positive stock action about two-thirds of the
time. When we factor in next Sunday's Venus/Zeus conjunction, an aspect
that provokes strong positive action in equities about 78% of the time,
we have a solid set-up for an extension of the rally well into the
middle of the month, even if there is some corrective action and a bit
of congestion during the trading week immediately ahead.
Throughout this week we will be tracking geocentric fifth-harmonic
planetary lines (G,72,N,-2) for the Sun, Mercury, Venus, Mars, Saturn,
Uranus, Pluto, and Vulcanus, 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.
There are times when we are obliged to take bigger risks than usual,
whether those risks involve our financial resources, our trust, our
creativity, or simply our dignity. The circumstances around us now may
seem grimly tragic, but they bring us the chance to step up and make new
decisions, so we don't want to be overly sensitive or too willing to
accept less than the best. In short, no matter what the scenario may be,
the risks we are willing to take right now are sure to open up amazing
opportunities. Along the way, we can learn more about who we really are,
and about our true destiny as embodiments of divine energy.
"No matter what you have done to this moment, you get 24 brand new hours
to spend every single day." - Brian Tracy
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
Stock markets advanced fairly uniformly around the world last week, and
even Hong Kong's dip was an extremely modest pull-back from its extended
upward trend.
Dow Jones Industrial Average -- up 1.49%
Dow Jones Transportation Average -- up 2.91%
Dow Jones Utilities Average -- up 1.34%
S+P 500 -- up 1.60%
NASDAQ Composite Index -- up 1.78%
Russell 2000 -- up 0.97%
London FTSE-100 -- up 2.38%
Paris CAC-40 -- up 2.10%
Frankfurt DAX -- up 2.06%
Sydney All Ordinaries -- up 3.33%
Tokyo Nikkei Index -- up 3.15%
Hong Kong Hang Seng Index -- down 0.33%
Singapore Straits Times Index -- up 1.92%
*****
U.S. EQUITY TRENDS
Our trend assumptions remain unchanged for stock market indices in the U.S.
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: STZ, HNP.
We closed two positions in the Model Portfolio last week, with one
winner and one loser bringing us a net loss of $52.00.
On 09/26/06 we bought to cover 200 shares of Constellation Brands Inc.
(STZ) at 27.95, taking a loss of $92.00 (a 0.81% loss in 7 trading days).
On 09/27/06 we bought to cover 400 shares of Huaneng Power International
Inc. (HNP) at 27.70, taking a profit of $40.00 (a 0.36% gain in 4
trading days).
*****
POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS
WEEK: AMGN, NU.
We added two short positions to the Model Portfolio last week.
We sold short 200 shares of Amgen, Inc. (AMGN) at 71.55 on 09/28/06,
with an initial buy stop set at 73.55.
We sold short 400 shares of Northeast Utilities (NU) at 23.26 on
09/29/06, with an initial buy stop set at 24.60.
****
REVIEW OF PREVIOUS MODEL PORTFOLIO ACTIVITY
So far this year we have had a total of 138 completed trades, with 60
winners and 78 losers bringing us a total net profit of $11,308.00. The
largest profit for a single trade has been $2,595.00, with our winners
averaging $518.22; the largest single-trade loss has been $949.00, with
our losers averaging $258.14. The overall average profit per trade has
been $81.94, and the mean duration of our trades has been 9.2 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
Amgen, Inc. (AMGN) -- sold short 200 shares at 71.55 on 09/28/06;
currently 71.53. Lower buy stop to 72.40.
Colgate-Palmolive Company (CL) -- bought 200 shares at 60.75 on
09/08/06; currently 62.10. Raise stop to 61.75.
Consolidated Edison Inc. (ED) -- bought 300 shares at 45.65 on 09/18/06;
currently 46.20. Raise stop to 46.13.
Dillard's Inc. (DDS) bought 300 shares at 32.23 on 09/18/06; currently
32.73. Raise stop to 32.40.
Northeast Utilities (NU) -- sold short 400 shares at 23.26 on 09/29/06;
currently 23.27. Lower buy stop to 23.75.
Pall Corporation (PLL) -- bought 300 shares at 30.72 on 09/21/06;
currently 30.81. Raise stop to 30.20.
Symantec Corporation (SYMC) -- bought 600 shares at 18.88 on 09/11/06;
currently 21.28. Raise stop to 20.55.
*****
MARKET SECTOR STRENGTH AND WEAKNESS
STRONGEST MARKET SECTORS LAST WEEK:
Farm and Construction Machinery; Silver; Rental and Leasing Services;
Personal Computers; Oil and Gas Equipment and Services.
WEAKEST MARKET SECTORS LAST WEEK:
Farm Products; Tobacco; Medical Practitioners; Drug Stores; Sporting
Activities.
*****
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.
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
October 2
Mercury enters Scorpio 00:40 EDT
Venus sesquiquadrate Neptune 00:57 EDT
Heliocentric Venus sesquiquadrate Heliocentric Chiron 03:00 EDT
Heliocentric Mercury quintile Heliocentric Zeus 09:11 EDT
Sun sesquiquadrate Admetos 09:16 EDT
Heliocentric Venus trine Heliocentric Admetos 10:58 EDT
Heliocentric Mercury semisquare Heliocentric Poseidon 12:16 EDT
Heliocentric Venus sextile Heliocentric Vulcanus 15:51 EDT
Sun in 24th harmonic to Apollon 17:01 EDT
Moon crossing Universal Clock 24 Line 19:47 EDT
Heliocentric Mercury semisquare Heliocentric Chiron 20:10 EDT
Mercury in 24th harmonic to Mars 22:44 EDT
Mercury biquintile True Lunar Node 23:28 EDT
October 3
Heliocentric Mercury quincunx Heliocentric Admetos 00:45 EDT
Sun conjunct Zeus 01:14 EDT
Sun conjunct Zeus in right ascension 01:17 EDT
Sun parallel Zeus in right ascension 01:17 EDT
Heliocentric Earth opposition Heliocentric Zeus 01:23 EDT
Sun parallel Zeus 01:26 EDT
Heliocentric Venus biquintile Heliocentric Neptune 02:54 EDT
Heliocentric Venus semisextile Heliocentric Apollon 03:06 EDT
Venus square Kronos 03:17 EDT
Heliocentric Mercury quincunx Heliocentric Vulcanus 03:37 EDT
Venus square Kronos in right ascension 04:36 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Zeus 04:58 EDT
Kronos retrograde station 10:04 EDT
Heliocentric Mercury sextile Heliocentric Apollon 10:14 EDT
Venus semisquare Jupiter 11:07 EDT
Sun conjunct 10/03/05 Solar Eclipse Point 11:53 EDT
Heliocentric Venus square Heliocentric Hades 13:02 EDT
Heliocentric Mercury opposition Heliocentric Hades 16:04 EDT
Void-of-Course Moon begins 16:13 EDT
Heliocentric Venus sextile Heliocentric Jupiter 17:19 EDT
Mercury parallel Poseidon in right ascension 17:29 EDT
Mercury parallel Poseidon 17:53 EDT
Heliocentric Mercury semisextile Heliocentric Jupiter 18:36 EDT
Venus trine Chiron 19:53 EDT
Heliocentric Mercury square Heliocentric Venus 20:19 EDT
Heliocentric Mercury conjunct Heliocentric Pluto 21:50 EDT
Heliocentric Earth sesquiquadrate Heliocentric Jupiter 22:05 EDT
Sun sextile Cupido in right ascension 22:13 EDT
Heliocentric Venus square Heliocentric Pluto 22:55 EDT
October 4
Mars opposition 03/03/07 Lunar Eclipse Antiscion 00:32 EDT
Void-of-Course Moon ends 01:33 EDT
Venus trine Chiron in right ascension 04:42 EDT
Mars trine Neptune 08:22 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Cupido 10:07 EDT
Sun opposition 09/11/07 Solar Eclipse Antiscion 10:13 EDT
Moon crossing Universal Clock 24 Line 11:15 EDT
Sun sextile Cupido 11:47 EDT
Mercury trine Kronos 15:45 EDT
Mercury quintile Saturn 18:37 EDT
Venus opposition 03/14/06 Lunar Eclipse Antiscion 19:03 EDT
Sun quincunx Uranus 20:28 EDT
October 5
Mars biquintile Uranus 00:05 EDT
Mercury conjunct 04/24/05 Lunar Eclipse Point 02:50 EDT
Heliocentric Mercury biquintile Heliocentric Admetos 04:46 EDT
Mercury in 24th harmonic to Jupiter 05:12 EDT
Sun crossing Universal Clock 24 Line 05:19 EDT
Mercury square Chiron 06:59 EDT
Heliocentric Mercury enters Capricorn 07:43 EDT
Sun quintile Pluto 13:19 EDT
Venus quintile Vulcanus 15:08 EDT
Void-of-Course Moon begins 16:33 EDT
Heliocentric Mercury quintile Heliocentric Uranus 16:54 EDT
Heliocentric Earth trine Heliocentric Cupido 17:33 EDT
True Lunar Node retrograde station 17:41 EDT
Venus semisquare Saturn 17:51 EDT
Venus semisextile Poseidon 19:29 EDT
Mars biquintile Admetos 19:58 EDT
Pluto square 03/14/06 Lunar Eclipse Point 20:40 EDT
Mercury contraparallel Saturn in right ascension 23:21 EDT
Mercury contraparallel Saturn 23:25 EDT
October 6
Heliocentric Mercury sesquiquadrate Heliocentric Saturn 01:05 EDT
Moon crossing Universal Clock 24 Line 01:31 EDT
Void-of-Course Moon ends 01:31 EDT
Heliocentric Mercury opposition Heliocentric Kronos 07:06 EDT
Heliocentric Earth semisextile Heliocentric Uranus 07:30 EDT
Heliocentric Venus enters Libra 08:58 EDT
Mercury crossing Universal Clock 24 Line 11:11 EDT
Venus parallel True Lunar Node 13:39 EDT
Venus parallel True Lunar Node in right ascension 13:42 EDT
Heliocentric Mercury semisquare Heliocentric Neptune 15:52 EDT
Heliocentric Earth quintile Heliocentric Hades 15:59 EDT
Heliocentric Venus quintile Heliocentric Cupido 16:28 EDT
Heliocentric Mercury quintile Heliocentric Mars 18:36 EDT
Full Moon 23:13 EDT
October 7
Heliocentric Mars in 24th harmonic to Heliocentric Poseidon 02:30 EDT
Venus opposition 03/29/06 Solar Eclipse Point 02:48 EDT
Mercury conjunct Poseidon 04:50 EDT
Mercury trine Kronos in right ascension 04:51 EDT
Mars opposition 04/08/05 Solar Eclipse Point 05:17 EDT
Mercury parallel Neptune in right ascension 11:27 EDT
Mercury parallel Neptune 11:27 EDT
Venus sesquiquadrate Admetos 14:17 EDT
Moon crossing Universal Clock 24 Line 15:30 EDT
Heliocentric Venus semisquare Heliocentric Saturn 15:50 EDT
Void-of-Course Moon begins 16:05 EDT
Heliocentric Mercury quintile Heliocentric Apollon 17:20 EDT
Venus conjunct Zeus in right ascension 18:07 EDT
Mercury conjunct Poseidon in right ascension 18:28 EDT
Heliocentric Mercury sextile Heliocentric Poseidon 21:21 EDT
Venus in 24th harmonic to Apollon 22:47 EDT
October 8
Mercury parallel Pluto in right ascension 00:10 EDT
Mercury parallel Pluto 00:13 EDT
Void-of-Course Moon ends 01:04 EDT
Heliocentric Venus square Heliocentric Kronos 01:27 EDT
Mercury square Chiron in right ascension 02:59 EDT
Sun conjunct 09/07/06 Lunar Eclipse Antiscion 04:19 EDT
Venus conjunct Zeus 05:34 EDT
Heliocentric Mercury semisextile Heliocentric Chiron 05:41 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Admetos 09:27 EDT
Venus sextile Cupido in right ascension 10:42 EDT
Venus conjunct 10/03/05 Solar Eclipse Point 12:06 EDT
Mars semisextile Jupiter 14:32 EDT
Heliocentric Venus sesquiquadrate Heliocentric Neptune 16:47 EDT
Heliocentric Mercury square Heliocentric Zeus 19:39 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
American International Group (AIG)
NASDAQ; optionable
First Trade Date: 10/08/1984; 10:00 a.m.
AIG has been on a roll since mid-August, with little to get in the way
of its forward progress. The company has just announced plans for a
major expansion into China, and the overall fundamental prospects for
AIG look quite positive. With transiting Jupiter getting ready to cross
its First-Trade Ascendant, however, there is much evidence here to
suggest that a pullback in prices is on its way. We are especially
concerned about the semisquare of transiting Neptune to the AIG
First-Trade Mars, mainly because it is an aspect that will hold sway
until mid-December. When we add transiting Uranus square First-Trade
Uranus into the mix, there is plenty of reason to sell this stock short.
We plan to do so by the middle of the trading week, setting our initial
buy stop at 68.00.
BB+T Corporation (BBT)
NYSE; optionable
First Trade Date: 10/08/1991; 09:30 a.m.
With transiting Jupiter conjoining First-Trade Pluto and transiting
Apollon conjoining First-Trade Mars, it's little wonder that this stock
has been an active participant in the recent market rally. Although
Saturn is getting ready to make the first of three passes over the BBT
First-Trade Midheaven, there's so much other planetary strength on hand
that we don't think we will see too much corrective action during the
coming trading weeks. Our plan is thus to add a long position in BBT
near the start of the trading week; we will set our initial stop at 42.30.
Cypress Semiconductor Corporation (CY)
NYSE; optionable
First Trade Date: 10/17/1988; 09:30 a.m.
With transiting Apollon conjunct the CY First-Trade Sun, it's easy to
see why this stock has spiked up dramatically in the past couple of
weeks. As far as we can tell, however, the party is about over for this
broad line semiconductor firm, and as soon as transiting Jupiter moves
past the First-Trade Ascendant we expect the sell-off to get underway.
Our plan is thus to sell CY short immediately. We will set our initial
buy stop at 18.50.
*****
FINANCIAL CYCLES WEEKLY (ISSN 1055-8527) is published
by Taylor-Bost
Consulting and edited by Tim Bost at 2132 Beneva Road, Sarasota, FL
34232 USA. Phone: 941-921-2588. Fax: 941-927-5798. Web:
http://www.TimBost.com. Entire contents
© copyright 2006 Timothy L.
Bost. No portion of Financial Cycles Weekly may be reproduced without
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FINANCIAL CYCLES WEEKLY is to foster the growth of person-centered
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CYCLES WEEKLY is a general interest publication which is prepared from
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information, past performance is no guarantee of future results.
Speculation in securities and commodities involves considerable
financial risk, and readers who plan to invest or speculate in
securities or commodities mentioned in FINANCIAL CYCLES WEEKLY have the
complete responsibility for making themselves fully aware of all the
risks involved before they invest. The editor may or may not have
positions in the securities and commodities discussed in this
newsletter, and the information in FINANCIAL CYCLES WEEKLY should in no
way be understood or construed as a solicitation or an offer to buy or
sell any products or securities, nor should the material published in
this newsletter be considered buy/sell advice.
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