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YOUR WEEKLY ASTRO-TRADING PLAN
IN THIS ISSUE:
Comment
The Rally's Missing Money
Turmoil and Trauma
Disappearing Jobs
Fading Charade
Trading Caution
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: What a week! The Dow Jones Industrial
Average broke through to
a new record high, in Dow points if not in constant dollar value. It did
so against a backdrop of widening turmoil, increasing conflict and an
ever more unstable outlook for the economy.
While we should probably be out dancing in the streets to celebrate the
Dow's new record, we've decided to stay indoors and hunker down
instead. While the casual observer may think this is just our generally
bearish tendency encouraging us to go into hibernation, a more realistic
explanation is that there are actually some potentially grim
consequences hidden in the circumstances surrounding the current market
boom.
SHOW ME THE MONEY
So what's wrong with this market picture? For one thing the rallies in
the Dow and the S+P 500 don't tell the whole story of the markets. The
NASDAQ and the Russell 2000 still have a long way to go if they're going
to catch up to their former highs. And, as we have already pointed out,
while the Dow may have hit new levels it hasn't come close to recouping
the actual monetary losses it has sustained in the past few years.
FROM BAD TO WORSE
And then there's the turmoil. The Iraq disaster continues to get
bloodier and more out of control, with US casualties and Iraqi deaths
alike skyrocketing to disturbing new levels. Unfortunately, the worst
may be yet to come. In the trial of deposed Iraqi President Saddam
Hussein, one of his lawyers, Ramsey Clark (who is a former US Attorney
General, by the way) has said that a guilty verdict will set off
catastrophic new waves of violence in the country, and that a death
sentence for Saddam would escalate the bloodshed to unimaginable
proportions. According to Clark, the court itself is illegal because it
was set up only to try Saddam. He criticized the judges because they
have been "selected, trained, paid, and protected by the United States."
WHERE DID THE JOBS GO?
While the situation in Iraq is both profoundly disturbing and extremely
costly, it remains remarkably insignificant for most Americans, at least
those who haven't yet had a spouse or child come home in a body bag. The
slump in the housing market is much more prominent in the public
consciousness, especially with adjustable rate mortgages adjusting
upwards and with interest-only loans keeping so-called homeowners in
payment purgatory. The declines in home sales and in new construction
have started to have a ripple effect as well, with jobs starting to dry
up for construction workers, mortgage lenders, real estate agents, and
others associated with this formerly buoyant sector of the economy. In
short, the auto workers are not longer the only ones standing in the
unemployment lines. Last Friday's jobs report brought some unexpectedly
negative numbers into the picture, and it was enough to take some of the
wind out of the market rally's sails.
HOW LONG WILL THE SHOW LAST?
But with stock prices up and gas prices down, everyone is supposed to
feel good. At least that's the hope of the political incumbents. The
big question is, will the Powers That Be continue to keep the charade
going successfully, at least until after the congressional elections in
November? That remains to be seen, and it's looking less and less likely.
One important factor to consider here is the upcoming square of Jupiter
to Saturn on October 24. That's a planetary configuration which has the
potential to bring stock prices down in a hurry, so it's a force to be
reckoned with. The actual square between the two planets may mark a key
turning point for stocks. But there are also compounding factors which
could activate this planetary aspect a little early, including last
Friday's transit of Venus to the square's midpoint and the conjunctions
of Mercury, first to Jupiter and then to Saturn, on October 22 and 23.
A CAUTIOUS STRATEGY
All this suggests that any signs of further market euphoria during the
coming weeks should be taken with a fairly large grain of salt. While we
are positioning ourselves for some short-term profits to the long side
in this current market environment, we are certainly well aware that
there's a lot of danger in overly bullish expectations. The plug could
get pulled on this rally at any time, and as usual we would prefer to
err on the side of caution.
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 ALCOA Inc.
(AA), Supervalu Inc. (SVU), Gannett (GCI), M+T Bank Corporaon (MTB),
Monsanto Company (MON), Yum! Brands Inc. (YUM), Costco Wholesale
Corporation (COST), Genzyme Corporation (GENZ), MGIC Investment
Corporation (MTG), PepsiCo (PEP), Safeway Inc. (SWY), General Electric
(GE), and Regions Financial Corporation (RF).
THE ECONOMIC CALENDAR
As far as economic news goes this week, we will be looking for the
numbers on Wholesale Trade, IMBA Purchase Applications, International
Trade, the EIA Petroleum Status Report, Jobless Claims, the EIA Natural
Gas Report, Import and Export Prices, Retail Sales, Consumer Sentiment,
Business Inventories, the Treasury Budget, and the Money Supply.
During the course of the week, San Francisco Federal Reserve Bank
President Janet Yellen will be speaking about the economic outlook for
the U.S., Dallas Federal Reserve Bank President Richard Fisher will be
at a conference in London to talk about global monetary policy, Richmond
Federal Reserve Bank President Jeffrey Lacker will be in Washington, DC
to discuss the economic outlook, and Federal Reserve Governor Frederic
Mishkin will be in New York to talk about globalization. The Federal
Reserve will also release the minutes of the September meeting of the
Open Market Committee.
ASTROLOGICAL DYNAMICS
A conjunction of Venus with the transneptunian hypothetical planet Zeus
sets the tone for this trading week. This Venus/Zeus combination has
been followed by several weeks of positive price action in the S+P in
about three-fourths of the times it has occurred, and in spite of the
generally overbought condition in U.S. equities right now, we expect to
see higher prices just ahead, at least for the short term. This notion
gets some reinforcement from the waning Venus/Uranus quincunx on Monday
morning, which is another signal of imminent price action on the
positive side. There's a void-of -course Moon kicking in at lunch hour
on Monday, however, so we will be taking the afternoon off and stepping
aside from active trading for the remainder of the day.
Tuesday and Wednesday bring us mixed signals about the direction of the
markets, with a waning Sun/Neptune trine and a waxing Sun/Admetos
biquintile both suggesting a short-term retracement in equities and a
waning Sun/Uranus biquintile combining forces with a waning heliocentric
Venus/Chiron trine to try to pull prices into even higher territory. Our
guess is that the Bulls will win this particular tug-of-war, but even if
we see some corrective action in the middle of the week we don't expect
it to dampen the overall ebullience in the markets too much.
Thursday is definitely the hot spot this week, with two eclipse
activations; a Uranus/Cupido square; heliocentric conjunctions of Venus
and Zeus plus Mars and Apollon; and a Chiron direct station. Among these
aspects it is the heliocentric Venus/Zeus conjunction that seems to have
the greatest strength, with a tendency to pull large-cap prices upward
fairly solidly.
The week comes to an end with another positive indicator just a couple
of hours before Friday's closing bell. The heliocentric
Mercury/Vulcanus opposition suggests that will not only will we end this
week on a strong note, but that we will also see more positive price
action during the following week as well. Along the way, we will
continue to keep an eye on the upcoming Jupiter/Saturn square, however.
We will be exercising a good bit of caution in our trading positions,
keeping our stops adjusted and checking in frequently to make sure that
the market action is congruent with our expectations and trading
strategies.
Throughout this week we will be tracking geocentric fifth-harmonic
planetary lines (G,72,N,-2) for the Sun, Mercury, Venus, Jupiter,
Uranus, 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.
So what will it be? Which one shall we create for ourselves--vision or
illusion? There's sometimes a very subtle difference between the two,
but if we maintain a true spiritual focus right now, we can tremendously
enhance our ability to envision more clearly the outcomes we desire. At
the same time, every meeting that we have with others becomes an
opportunity both to test our own character and to celebrate our capacity
for sharing the higher values.
"Our scientific power has outrun our spiritual power. We have guided
missiles and misguided men." --Dr. Martin Luther King, Jr.
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
Although the momentum of the advance slowed a bit, the stock markets
around the world all added to their gains last week. Some of the biggest
gains were among Pacific Rim stocks and the smaller cap U.S. issues, as
exemplified by the NASDAQ and the Russell.
Dow Jones Industrial Average -- up 1.47%
Dow Jones Transportation Average -- up 2.61%
Dow Jones Utilities Average -- up 0.17%
S+P 500 -- up 1.03%
NASDAQ Composite Index -- up 1.84%
Russell 2000 -- up 1.96%
London FTSE-100 -- up 0.68%
Paris CAC-40 -- up 0.61%
Frankfurt DAX -- up 1.36%
Sydney All Ordinaries -- up 1.28%
Tokyo Nikkei Index -- up 1.91%
Hong Kong Hang Seng Index -- up 2.05%
Singapore Straits Times Index -- up 3.13%
*****
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: CL, DDS, ED, SYMC, AMGN, CY.
We closed six positions in the Model Portfolio last week, with four
winners and two losers bringing us a net loss of $732.00.
On 10/02/06 we sold 200 shares of Colgate-Palmolive Company (CL) at
61.75, taking a profit of $200.00 (a 1.65% gain in 17 trading days).
On 10/02/06 we sold 300 shares of Dillard's Inc. (DDS) at 32.40, taking
a profit of $51.00 (a 0.53% gain in 10 trading days).
On 10/03/06 we sold 300 shares of Consolidated Edison Inc. at 46.13,
taking a profit of $144.00 (a 1.05% gain in 11 trading days). We also
reversed our position and sold this stock short at that time.
On 10/03/06 we sold 600 shares of Symantec Corporation (SYMC) at 20.55,
taking a profit of $1,002.00 (an 8.85% gain in 16 trading days).
On 10/04/06 we bought to cover 200 shares of Amgen, Inc. (AMGN) at
72.40, taking a loss of $170.00 (a 1.19% loss in 4 trading days).
On 10/04/06 we bought to cover 500 shares of Cypress Semiconductor
Corporation (CY) at 18.49, taking a loss of $495.00 (a 5.66% loss in 2
trading days).
*****
POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS
WEEK: ED, CY, AIG, BBT.
We added one long position and three short positions to the Model
Portfolio last week.
We sold short 500 shares of Cypress Semiconductor Corporation (CY) at
17.50 on 10/02/06, with an initial buy stop set at 18.50.
We sold short 300 shares of Consolidated Edison Inc. at 46.13 on
10/03/06, with an initial buy stop set at 47.50.
We sold short 200 shares of American International Group (AIG) at 67.18
on 10/04/06, with an initial buy stop set at 68.00.
We bought 200 shares of BB+T Corporation (BBT) at 43.99 on 10/04/06,
with an initial stop set at 42.30.
****
REVIEW OF PREVIOUS MODEL PORTFOLIO ACTIVITY
So far this year we have had a total of 144 completed trades, with 64
winners and 80 losers bringing us a total net profit of $12,040.00. The
largest profit for a single trade has been $2,595.00, with our winners
averaging $507.66; the largest single-trade loss has been $949.00, with
our losers averaging $260.00. The overall average profit per trade has
been $83.61, 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
American International Group (AIG) -- sold short 200 shares at 67.18 on
10/04/06; currently 67.02. Lower buy stop to 67.37.
BB+T Corporation (BBT) -- bought 200 shares at 43.99 on 10/04/06;
currently 43.84. Raise stop to 43.60.
Consolidated Edison Inc. (ED) -- sold short 300 shares at 46.13 on
10/03/06; currently 46.43. Lower buy stop to 47.15.
Northeast Utilities (NU) -- sold short 400 shares at 23.26 on 09/29/06;
currently 23.45. Lower buy stop to 23.65.
Pall Corporation (PLL) -- bought 300 shares at 30.72 on 09/21/06;
currently 31,42. Raise stop to 30.75.
*****
MARKET SECTOR STRENGTH AND WEAKNESS
STRONGEST MARKET SECTORS LAST WEEK:
Restaurants; Specialty Eateries; Resorts and Casinos; Appliances;
Sporting Activities.
WEAKEST MARKET SECTORS LAST WEEK:
Copper; Silver; Medical Practitioners; Medical Laboratories and
Research; Semiconductor Memory Chips.
*****
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 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
October 9
Heliocentric Jupiter semisextile Heliocentric Pluto 00:13 EDT
Mercury semisquare Pluto 02:50 EDT
Venus opposition 09/11/07 Solar Eclipse Antiscion 05:43 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Pluto 05:56 EDT
Heliocentric Mercury semisquare Heliocentric Jupiter 06:04 EDT
Heliocentric Mercury biquintile Heliocentric Saturn 06:09 EDT
Moon crossing Universal Clock 24 Line 06:11 EDT
Mercury in 24th harmonic to Apollon 07:24 EDT
Venus sextile Cupido 08:30 EDT
Venus quincunx Uranus 10:59 EDT
Void-of-Course Moon begins 13:07 EDT
Mercury semisextile Zeus 14:18 EDT
Mercury parallel Jupiter in right ascension 17:34 EDT
Heliocentric Mercury semisextile Heliocentric Cupido 17:35 EDT
Mercury parallel Jupiter 17:38 EDT
Mercury sesquiquadrate True Lunar Node 19:11 EDT
Venus crossing Universal Clock 24 Line 20:46 EDT
Heliocentric Mercury sextile Heliocentric Uranus 22:30 EDT
October 10
Heliocentric Venus quintile Heliocentric Vulcanus 01:53 EDT
Void-of-Course Moon ends 02:06 EDT
Mars trine Neptune in right ascension 04:13 EDT
Venus quintile Pluto 04:36 EDT
Heliocentric Mars quincunx Heliocentric Admetos 04:48 EDT
Sun opposition 03/03/07 Lunar Eclipse Antiscion 06:33 EDT
Sun trine Neptune 10:04 EDT
Heliocentric Earth trine Heliocentric Saturn 11:26 EDT
Mercury semisextile Cupido 17:53 EDT
Sun biquintile Uranus 17:57 EDT
Venus parallel Zeus in right ascension 19:06 EDT
Mercury trine Uranus 19:10 EDT
Venus parallel Zeus 19:16 EDT
Mercury sesquiquadrate Hades 19:56 EDT
Heliocentric Venus semisextile Heliocentric Poseidon 20:15 EDT
Heliocentric Mars square Heliocentric Vulcanus 21:46 EDT
Heliocentric Jupiter quintile Heliocentric Chiron 22:13 EDT
Moon crossing Universal Clock 24 Line 22:33 EDT
Jupiter biquintile Hades 22:41 EDT
October 11
Mars parallel Uranus in right ascension 04:55 EDT
Mars parallel Uranus 04:56 EDT
Heliocentric Mercury quincunx Heliocentric Saturn 08:05 EDT
Sun biquintile Admetos 10:23 EDT
Heliocentric Venus trine Heliocentric Chiron 11:40 EDT
Mars in 24th harmonic to Poseidon 14:20 EDT
Heliocentric Venus sesquiquadrate Heliocentric Admetos 17:35 EDT
Heliocentric Earth square Heliocentric Mercury 18:01 EDT
Void-of-Course Moon begins 20:22 EDT
Heliocentric Mercury semisextile Heliocentric Neptune 20:45 EDT
October 12
Heliocentric Mercury quintile Heliocentric Poseidon 00:22 EDT
Heliocentric Earth sextile Heliocentric Neptune 02:17 EDT
Uranus square Cupido 02:57 EDT
Venus conjunct 09/07/06 Lunar Eclipse Antiscion 04:46 EDT
Void-of-Course Moon ends 06:21 EDT
Mars sextile Saturn 06:37 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Mars 08:28 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Apollon 09:47 EDT
Sun opposition 04/08/05 Solar Eclipse Point 09:56 EDT
Heliocentric Venus conjunct Heliocentric Zeus 11:43 EDT
Heliocentric Mars conjunct Heliocentric Apollon 13:04 EDT
Chiron direct station 17:12 EDT
Moon crossing Universal Clock 24 Line 17:17 EDT
Heliocentric Mars in 24th harmonic to Heliocentric Zeus 19:47 EDT
October 13
Heliocentric Mercury in 24th harmonic to Heliocentric Chiron 08:45 EDT
Heliocentric Venus semisquare Heliocentric Jupiter 11:00 EDT
Heliocentric Mercury trine Heliocentric Admetos 11:41 EDT
Heliocentric Mercury opposition Heliocentric Vulcanus 14:15 EDT
Mercury contraparallel Admetos in right ascension 15:00 EDT
Heliocentric Earth quintile Heliocentric Chiron 15:10 EDT
Mercury contraparallel Admetos 15:45 EDT
Heliocentric Earth biquintile Heliocentric Jupiter 19:31 EDT
Heliocentric Mercury square Heliocentric Apollon 20:11 EDT
Venus opposition 03/03/07 Lunar Eclipse Antiscion 20:25 EDT
True Lunar Node direct station 20:56 EDT
Sun parallel Uranus in right ascension 22:26 EDT
Sun parallel Uranus 22:27 EDT
Venus trine Neptune 22:35 EDT
October 14
Heliocentric Mars trine Heliocentric Hades 00:09 EDT
Heliocentric Mercury quincunx Heliocentric Hades 01:30 EDT
Heliocentric Earth quintile Heliocentric Kronos 01:44 EDT
Heliocentric Mercury square Heliocentric Mars 01:45 EDT
Void-of-Course Moon 02:27-14:38 EDT
Heliocentric Venus sextile Heliocentric Cupido 03:01 EDT
Venus biquintile Uranus 03:33 EDT
Heliocentric Mercury semisextile Heliocentric Pluto 06:58 EDT
Heliocentric Mercury sextile Heliocentric Jupiter 09:59 EDT
Heliocentric Venus quincunx Heliocentric Uranus 12:22 EDT
Sun trine Neptune in right ascension 13:23 EDT
Sun semisextile Jupiter 13:26 EDT
Moon crossing Universal Clock 24 Line 14:38 EDT
Mars quincunx Admetos 17:32 EDT
Heliocentric Mercury semisquare Heliocentric Cupido 17:43 EDT
Venus biquintile Admetos 17:49 EDT
Mars opposition 10/17/05 Lunar Eclipse Point 18:13 EDT
Heliocentric Mercury semisquare Heliocentric Uranus 22:33 EDT
October 15
Heliocentric Venus quintile Heliocentric Pluto 03:02 EDT
Mercury trine Uranus in right ascension 03:16 EDT
Mars sextile Pluto 08:21 EDT
Mars conjunct Apollon in right ascension 09:32 EDT
Sun in 24th harmonic to Poseidon 09:34 EDT
Heliocentric Mars sextile Heliocentric Pluto 12:26 EDT
Heliocentric Mercury enters Aquarius 12:34 EDT
Venus opposition 04/08/05 Solar Eclipse Point 13:02 EDT
Mars conjunct Apollon 16:05 EDT
Mars square Vulcanus 16:40 EDT
Mercury square Neptune 19:05 EDT
Heliocentric Mercury biquintile Heliocentric Hades 23:28 EDTWhile 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: HCN, LMT.
Potential Candidates for Short-Term Trades
Health Care Reit Inc. (HCN)
NYSE; optionable
First Trade Date: 12/17/1992; 09:30 a.m.
HCN has shown some dramatic strength in the past couple of weeks,
breaking out solidly past the resistance zone this stock had encountered
in late August and early September to set a new 52-week high before
pulling back slightly on Friday. Astrologically, however, it looks like
the best is yet to come, Saturn will be square the HCN Midheaven early
this week, laying the foundation for a solid extension of the rally
during the next couple of weeks. There are many potential triggers
which could add momentum to an upward move, including transiting Jupiter
conjoining the transiting Sun/Pluto midpoint; transiting Venus square
the HCN First-Trade Uranus/Vulcanus opposition; transiting Venus
conjoining the transiting Saturn/Pluto midpoint; transiting Jupiter
semisquare the First-Trade Moon; transiting Mars square First-Trade
Mars; transiting Mars conjoining the transiting Sun/Venus midpoint; and
transiting Jupiter, hitting the HCN First-Trade Midheaven. In other
words, this looks like a solid opportunity for a long position in this
stock, and we plan to add one to the Model Portfolio early in the
trading week, with an initial stop set at 39.00.
Lockheed Martin Corporation (LMT)
NYSE; optionable
First Trade Date: 10/11/1961; 10:00 a.m.
LMT has begun a positive breakout after establishing a fairly solid
five-week base. While we would have liked to have seen a bit more basing
action to enhance the technical picture, there's enough going on
astrologically to convince us this is a stock worth looking at right
now. Saturn has just formed a square to the LMT First-Trade Ascendant,
and with some strong background support from transiting Poseidon
semisquare First-Trade Venus, there couldn't be a better set-up for the
upcoming semisquare from transiting Venus to the First-Trade Ascendant,
followed closely by transiting Jupiter's conjunction with the
First-Trade Ascendant. Our strategy will be to add a long position in
this stock near the end of the trading week; we will set our initial
stop at 84.75.
*****
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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By providing a source of independent market analysis, the purpose of
FINANCIAL CYCLES WEEKLY is to foster the growth of person-centered
business and investment astrology; to enhance the development and
dissemination of financial literacy and prosperity consciousness; and to
explore the use of technical analysis and financial astrology in
promoting an esoteric spiritual understanding of economic trends,
geocosmic cycles, geopolitical events, and market movements. FINANCIAL
CYCLES WEEKLY is a general interest publication which is prepared from
astrological information, news reports, cycle projections, and market
observations which are believed to be accurate and reliable, but which
cannot be guaranteed. Portfolio and trading reports in this publication
do not include taxes and transaction fees, which should be taken into
consideration by prospective traders and investors. Even with accurate
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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