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YOUR WEEKLY ASTRO-TRADING PLAN
IN THIS ISSUE
Comment
The Short Side of the Situation
Cause for Caution
Astrology in the Financial Times
Party Time in Arkansas
The Week Ahead in Earnings
The Economic Calendar
Astrological Dynamics
Spiritual Focus for the Week
Global Equities Markets
U.S. Equity Trends
Metal Markets
Financial Cycles Model Portfolio
Market Sector Strength and Weakness
Astro-Trading Gann Plan Calendar
Stocks to Watch
COMMENT: In spite of some positive days at the
beginning and end of the
past trading week, stocks as a whole gave up some ground, with the blue
chips posting a net loss for the week. The issues in the Russell 2000,
however, more closely matched my expectations for the week's price
action, taking a noticeable dip but then coming back with a vengeance to
wind up the week in positive territory.
SURGE IN SHORTS
What we are seeing in the stock market right now may not actually be an
all-time record for short selling, but according to the research firm
Bespoke Investment Group of Mamaroneck, New York, the current level of
3.1 percent short interest is the biggest it's been since at least 1931.
That's an amazingly high level of negative consensus, which, from a
"move away from the herd" contrarian perspective, is a powerfully
bullish indicator.
In my own trading I continue to keep a few short equity positions in
play, but more and more often lately I've gotten stopped out of them as
the will of market dictates yet another extension of the positive push.
At times, however, there are a few profits to be harvested from short
positions, and when there are at least a few mixed signals coming from
the market it's reassuring to have a toe in the short-sale water.
CAUTION WITHOUT UNDUE CONCERN
During the last week or two there's been a slight shift in the
astrological indicators connected with the market's potential. Until
recently the key factors at play were overwhelmingly positive, but now
I'm seeing some secondary indicators of the potential for weakening
market action. While this is not enough to persuade me to jump
wholeheartedly onto the short-selling bandwagon, it is enough to inspire
a little caution. But even though there's a clear potential right now
for further trading congestion or even a surprising pullback, it seems
clear that the positive trend is likely to be reestablished before the
end of June.
FINANCIAL ASTROLOGY MAKES NEWS
It was nice to see an article in the London Financial Times of May 26
featuring financial astrologer Henry Weingarten. Although the article
admits that the use of astrology in market forecasting "may sound mildly
eccentric to many financial professionals," it's an essentially
thoughtful and positive piece that does a good job of presenting our
branch of market analysis in a favorable light.
THE ARKANSAS EXTRAVAGANZA
The 18,000-seat Bud Walton arena at the University of Arkansas in
Fayetteville is expected to be packed this Friday when Wal-Mart holds
its annual shareholders meeting. While stock analysts will be paying
close attention to glean hints about the company's strategy for getting
its retail business back on track, especially in home furnishings and
apparel (the company's overall sales fell by 3.5 percent in April, the
worst monthly showing in at least 27 years), there will also be plenty
of shareholders who are there for a good time--the annual event is a big
social occasion. In recent years the shareholders meeting has
transmogrified into an extremely glitzy affair, featuring top name
entertainers and lots of flash.
Not everything will be fun and frippery at the event, however. There
will also be the activists who are on hand. Shareholders representing
unions, religious groups, and even a free-market think tank will be
presenting 11 proposals for the assembly to vote on. The proposals on
the table this year include demands for Wal-Mart to report on the gap in
pay and benefits between the company's top executives and lowest paid
workers, on the percentage of stock awards to employees evaluated on the
basis of gender and race, on the need for universal health care plans
for employees, and on the grounds for the corporation's charitable giving.
NEWS AND UPDATES THROUGHOUT THE WEEK
Check my website for the latest news and special offers; it's updated
several times each week. Go to www.TimBost.com
and click on "Latest
News." While you're there, check out the "Top Listed Site Astrology"
button for links to other astrological resources that may be of interest.
*****
THE WEEK AHEAD IN EARNINGS
This week the earnings reports most worth watching will come from BMC
Software (BMC), Books-A-Million, Inc. (BAMM), Borders Group Inc. (BGP),
Chico's FAS, Inc. (CHS), Dollar Tree Stores (DLTR), Novell, Inc. (NOVL),
Polo Ralph Lauren Corporation (RL), Big Lots, Inc. (BIG), Ciena
Corporation (CIEN), Costco Wholesale Corporation (COST), Dell, Inc.
(DELL), H.J. Heinz Company (HNZ), Pall Corporation (PLL), Sears Holdings
Corporation (SHLD), and Tiffany and Company (TIF).
THE ECONOMIC CALENDAR
With government offices as well as all U.S. markets closed on Monday for
Memorial Day, we have every right to expect an abbreviated roster of
economic reports as well. But on the contrary, there will be plenty of
economic news this week to keep us busy. The schedule for this week
includes Consumer Confidence, ICSC-UBS Store Sales, the ADP Employment
Report, MBA Purchase Applications, the Monster Employment Index, the EIA
Petroleum Status Report, the EIA Natural Gas Report, Corporate Profits,
GDP, the National Association of Purchasing Managers report from
Chicago, Construction Spending, Jobless Claims, the Help Wanted Index,
Farm Prices, the Employment Situation, Personal Income and Outlays,
Consumer Sentiment, the ISM Manufacturing Index, Pending Home Sales,
Motor Vehicle Sales, and the Money Supply. On top of that, there will be
an interest rate announcement from the Bank of Canada on Tuesday, the
release of the minutes from the last meeting of the Fed's Open Market
Committee on Wednesday, and a speech on the U.S. economic outlook by
Federal Reserve Governor Randall Kroszner, who will be talking in
Athens, Greece on Friday.
ASTROLOGICAL DYNAMICS
With an abbreviated trading week ahead of us and no major outer-planet
alignments at play, I am looking at some more subtle indicators as
possible influences on market trends this week. Even though their impact
may have been consistent in the past, it's important to use them only as
confirming indicators in the midst of the current trading environment.
Although the markets are closed on Monday, the Mars/Zeus opposition that
morning is likely to be the planetary configuration that sets the tone
for the start of the trading week. This particular planetary aspect
typically triggers a sharp upward move in U.S. equities, so I expect a
positive direction for stocks as the week's trading gets underway on
Tuesday.
There's likely to be some consolidation by Wednesday, however, thanks to
the negative influence of a Venus/Vulcanus conjunction at the opening
bell and a heliocentric Mercury/Zeus conjunction later in the day.
There's a void-of-course Moon that gets underway about three hours
before Wednesday's closing bell, though, so it will be easy to
misinterpret market signals. As usual, I think it's the better part of
wisdom to step aside from active trading altogether for that period of time.
The Mercury/Kronos conjunction Thursday morning confirms the potential
for a negative price trend for U.S. Blue Chips, but it could get some
amelioration from the Sun/Jupiter contraparallel just after Thursday's
closing bell. There's also a Full Moon Thursday evening, and this part
of the monthly lunar cycle usually has a very positive influence on
stock prices. So we may see a resumption of the longer-term positive
trend by the time Friday rolls around.
Throughout this week I will be tracking heliocentric fifth-harmonic
planetary lines H,72,N,-2) for the Mercury, Mars, Uranus, Zeus, 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.
No matter how grand our spiritual insights may be, the real test of
their ultimate value and integrity lies in our ability to integrate them
into the humdrum patterns of our daily existence. It is when we bring
higher consciousness into our daily reality, marrying it to the wisdom
of our physical bodies, that we can most gloriously open up new vistas
of spiritual expansion.
"Work is about a search for daily meaning as well as daily bread, for
recognition as well as cash, for astonishment rather than torpor; in
short, for a sort of life rather than a Monday through Friday sort of
dying." -- Studs Terkel
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
Most of the U.S. averages had a tough week, and most of Europe and Asia
followed suit. Frankfurt and Tokyo were notable exceptions, with both
averages managing to post gains for the week.
Dow Jones Industrial Average -- down 0.36%
Dow Jones Transportation Average -- down 1.27%
Dow Jones Utilities Average -- down 3.89%
S+P 500 -- down 0.46%
NASDAQ Composite Index -- down 0.05%
Russell 2000 -- up 0.76%
London FTSE-100 -- down 1.06%
Paris CAC-40 -- down 0.72%
Frankfurt DAX -- up 1.73%
Sydney All Ordinaries -- down 0.73%
Tokyo Nikkei Index -- up 0.47%
Hong Kong Hang Seng Index -- down 1.84%
Singapore Straits Times Index -- down 0.73%
*****
U.S. EQUITY TRENDS
Stock action in the U.S. has gotten a bit congested lately, but even
with a few daily reversals there hasn't been enough negative action to
reverse our overall positive expectations.
The Russell 2000 managed to survive a sharp pull-back on Thursday and
wound up posting a respectable gain for the week. The Russell is on a
November 14 buy signal. A daily close below 760 will reverse our
short-term indicator, while a close below 668 will flip our
intermediate-term buy signal and a close below 614 will move our
long-term indicator for the Russell to the sell side.
The S+P 500 lost some ground last week, but not enough to change any of
our trend assumptions. We still have an April 5 short-term buy signal in
place, with a daily close below 1408 needed to trigger a reverse
indicator back to the sell side. We also have an August 18 buy signal in
place for 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.
The NASDAQ also gave up some territory during last week's trading. For
the time being, however, our bullish indicators remain intact. For the
NASDAQ Composite, we are on an April 20 short-term buy signal, an
October 13 intermediate-term buy signal, and an October 13 long-term buy
signal. A daily close below 2448 will flip our short-term indicator back
to the sell side, with a daily close below 2331 needed to bring the
intermediate indicator back to the sell side and a daily close below
2027 required for a reversal of the long-term buy signal.
S+P 500 -- Long-Term Bullish; Intermediate-Term Bullish; Short-Term Bullish
NASDAQ -- Long-Term Bullish; Intermediate-Term Bullish; Short-Term Bullish
RUSSELL 2000 -- Long-Term Bullish; Intermediate-Term Bullish; Short-Term
Bullish
*****
METAL MARKETS
GOLD -- I don't think we have yet seen the short-term bottom for Gold,
but the trend definitely looks bullish for the next week or two, with a
strong possibility of prices continuing to rise until mid-June. The
overall prospects are strengthened by the conjunction of transiting
Jupiter with First-Trade Mars and by the true Lunar Node conjoining
First-Trade Jupiter.
SILVER -- With transiting Venus conjunct First-Trade Pluto in the chart
for Silver, augmented by the conjunction of transiting Jupiter to the
First-Trade Moon, there's pretty strong astrological evidence for some
positive price action ahead. Even so, it's likely that we won't see much
it materializing in the Silver pits until after the 10th of June Once we
get past that point, we have a strong possibility of an extremely
intense run-up in prices.
*****
FINANCIAL CYCLES MODEL PORTFOLIO
POSITIONS CLOSED DURING THE PREVIOUS WEEK: VIVO, VSEA.
We closed two positions during the previous week, with one winner and
one loser bringing us a net profit of $17.00.
We bought to cover 500 shares of Meridian Bioscience Inc. (VIVO) at
20.79 on 05/23/07, taking a loss of $165.00 (a 1.61% loss in 3 trading
days).
We bought to cover 200 shares of Varian Semiconductor Equipment
Associates Inc. (VSEA) at 63.65 on 05/23/07, taking a profit of $182.00
(a 1.41% gain in 8 trading days).
*****
POSITIONS ADDED TO THE PORTFOLIO DURING THE PREVIOUS
WEEK: BHI, ROP, EOG.
We added three long positions to the Model Portfolio last week.
We bought 200 shares of Baker Hughes Inc. (BHI) at 82.77 on 05/21/07,
with an initial stop set at 72.00.
We bought 300 shares of Roper Industries Inc. (ROP) at 55.62 on
05/24/07, with an initial stop set at 50.75.
We bought 200 shares of EOG Resources Inc. (EOG) at 76.66 on 05/25/07,
with an initial stop set at 70.50.
****
REVIEW OF PREVIOUS MODEL PORTFOLIO ACTIVITY
So far this year we have had a total of 63 completed trades, with 23
winners and 40 losers bringing us a total net profit of $1,031.00. The
largest profit for a single trade has been $2,775.00, with our winners
averaging $506.39; the largest single-trade loss has been $754.00, with
our losers averaging $281.05. The overall average profit per trade has
been $16.37, and the mean duration of our trades has been 10.5 trading days.
During 2006 we had a total of 177 completed trades, with 74 winners and
103 losers bringing us a total net profit of $9,881.00. The largest
profit for a single trade was $2,595.00, with our winners averaging
$473.04; the largest single-trade loss was $949.00, with our losers
averaging $247.31. The overall average profit per trade was $55.82. The
mean duration of our trades was 9.0 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
Baker Hughes Inc. (BHI) -- bought 200 shares at 82.77 on 05/21/07;
currently 81.67. Raise stop to 80.50.
Canadian Natural Resources Ltd. (CNQ) -- bought 200 shares at 59.65 on
04/16/07; currently 65.49. Raise stop to 64.00.
EchoStar Communications (DISH) -- bought 200 shares at 49.32 on
05/18/07; currently 47.59. Raise stop to 47.00.
EOG Resources Inc. (EOG) -- bought 200 shares at 76.66 on 05/25/07;
currently 76.61. Raise stop to 74.75.
Kaydon Corporation (KDN) -- sold short 200 shares at 46.82 on 05/16/07;
currently 46.64. Lower buy stop to 46.95.
Loews Corporation (LTR) -- bought 300 shares at 48.10 on 05/10/07;
currently 50.95. Raise stop to 50.25.
Potash Corporation of Saskatchewan (POT) -- sold short 50 shares at
205.10 on 05/18/07; currently 200.75. Lower buy stop to 204.50.
Roper Industries Inc. (ROP) -- bought 300 shares at 55.62 on 05/24/07;
currently 57.10. Raise stop to 54.85.
*****
MARKET SECTOR STRENGTH AND WEAKNESS
STRONGEST MARKET SECTORS LAST WEEK:
Gaming Activities; Resorts and Casinos; Long Distance Carriers; Computer
Based Systems; Toy and Hobby Stores.
WEAKEST MARKET SECTORS LAST WEEK:
Diversified Utilities; Electric Utilities; Broadline Semiconductors;
Tobacco Products; Department Stores.
*****
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 this 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. Note that in order to
save space this calendar excludes most lunar aspects, which can also be
important in moving markets as well.
May 27
Moon crossing Universal Clock 24 Line 00:38 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Chiron 02:50 EDT
Heliocentric Mercury square Heliocentric Pluto 06:08 EDT
Heliocentric Venus sextile Heliocentric Cupido 08:27 EDT
Sun square 10/17/05 Lunar Eclipse antiscion 09:07 EDT
Mercury square 03/18/07 Solar Eclipse point 09:12 EDT
Mercury opposition Pluto 11:14 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Venus 13:19 EDT
Mars semisquare Admetos 14:06 EDT
Sun parallel Vulcanus 19:22 EDT
Heliocentric Venus sextile Heliocentric Jupiter 20:22 EDT
Heliocentric Mercury enters Libra 21:01 EDT
May 28
U.S. Markets closed for Memorial Day holiday
Mars opposition Zeus 02:18 EDT
Heliocentric Mercury quintile Heliocentric Cupido 05:26 EDT
Heliocentric Mercury quincunx Heliocentric Mars 07:31 EDT
Mercury square 09/22/06 Solar Eclipse point 07:51 EDT
Heliocentric Mercury quintile Heliocentric Jupiter 10:32 EDT
Void-of-Course Moon 12:17-13:11 EDT
Venus biquintile Jupiter 13:58 EDT
Venus quincunx Neptune 15:53 EDT
Heliocentric Venus quintile Heliocentric Pluto 15:53 EDT
Heliocentric Mercury square Heliocentric Kronos 16:18 EDT
Heliocentric Venus quincunx Heliocentric Uranus 17:07 EDT
Sun contraparallel Cupido 17:28 EDT
Sun quincunx Poseidon 17:56 EDT
Mercury enters Cancer 21:03 EDT
May 29
Moon crossing Universal Clock 24 Line 01:17 EDT
Sun quintile Saturn 01:22 EDT
Mars opposition 10/03/05 Solar Eclipse point 01:33 EDT
Heliocentric Earth semisextile Heliocentric Poseidon 02:30 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Neptune 04:38 EDT
Mercury sesquiquadrate Chiron 09:47 EDT
Mercury square 09/22/06 Solar Eclipse antiscion 10:27 EDT
Heliocentric Mercury quintile Heliocentric Vulcanus 11:55 EDT
True Lunar Node quintile Admetos 12:14 EDT
Heliocentric Earth quintile Heliocentric Neptune 18:18 EDT
Heliocentric Mercury semisextile Heliocentric Poseidon 19:35 EDT
Sun semisquare Venus 22:03 EDT
May 30
Heliocentric Earth sextile Heliocentric Mercury 01:25 EDT
Heliocentric Saturn quintile Heliocentric Poseidon 02:41 EDT
Heliocentric Venus sesquiquadrate Heliocentric Mars 03:36 EDT
Heliocentric Mercury biquintile Heliocentric Mars 04:28 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Admetos 05:09 EDT
Heliocentric Venus biquintile Heliocentric Admetos 05:33 EDT
Mars conjunct 09/11/07 Solar Eclipse antiscion 06:53 EDT
Venus conjunct Vulcanus 09:29 EDT
Sun semisquare Vulcanus 10:15 EDT
Mercury square 03/18/07 Solar Eclipse antiscion 11:26 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Apollon 12:18 EDT
Void-of-Course Moon begins 13:11 EDT
Heliocentric Mercury conjunct Heliocentric Zeus 13:53 EDT
Heliocentric Mars trine Heliocentric Kronos 13:57 EDT
Heliocentric Mercury semisquare Heliocentric Saturn 14:57 EDT
Venus square 10/17/05 Lunar Eclipse point 16:49 EDT
Venus sextile Admetos 19:40 EDT
Sun in 24th Harmonic to Admetos 21:04 EDT
Heliocentric Earth sesquiquadrate Heliocentric Vulcanus 23:41 EDT
May 31
Heliocentric Mercury trine Heliocentric Chiron 00:23 EDT
Moon crossing Universal Clock 24 Line 01:06 EDT
Void-of-Course Moon ends 01:06 EDT
Jupiter sextile Chiron 02:51 EDT
Venus square Apollon 03:40 EDT
Mars semisextile True Lunar Node 04:06 EDT
Sun trine Zeus 04:55 EDT
Sun sesquiquadrate Apollon 05:30 EDT
Mercury conjunct Kronos 07:31 EDT
Heliocentric Mercury sextile Heliocentric Cupido 09:41 EDT
Heliocentric Venus trine Heliocentric Neptune 13:26 EDT
Sun contraparallel Jupiter 16:55 EDT
Heliocentric Mercury sextile Heliocentric Jupiter 16:59 EDT
Venus square 08/28/07 Lunar Eclipse antiscion 19:13 EDT
Heliocentric Earth semisquare Heliocentric Apollon 20:04 EDT
Full Moon 21:04
Heliocentric Mercury quintile Heliocentric Pluto 23:54 EDT
June 1
Heliocentric Mercury quincunx Heliocentric Uranus 00:33 EDT
Heliocentric Earth sextile Heliocentric Zeus 02:10 EDT
Pluto square 03/18/07 Solar Eclipse point 04:07 EDT
Venus semisextile Hades 08:09 EDT
Heliocentric Venus biquintile Heliocentric Uranus 11:02 EDT
Sun in 24th Harmonic to Hades 11:40 EDT
Heliocentric Mars biquintile Heliocentric Zeus 12:04 EDT
Heliocentric Mercury biquintile Heliocentric Admetos 16:59 EDT
Mars contraparallel Zeus 20:40 EDT
Venus parallel Kronos 23:12 EDT
Moon crossing Universal Clock 24 Line 23:41 EDT
June 2
Heliocentric Venus in 24th harmonic to Heliocentric Poseidon 00:39 EDT
Venus sesquiquadrate True Lunar Node 00:43 EDT
Sun square True Lunar Node 04:14 EDT
Mercury semisquare Saturn 05:07 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Mars 05:35 EDT
Mars trine Cupido 07:09 EDT
Void-of-Course Moon 07/29-11:09 EDT
Heliocentric Mercury trine Heliocentric Neptune 07:50 EDT
Mars quintile Hades 17:56 EDT
Heliocentric Mars in 24th harmonic to Heliocentric Neptune 18:00 EDT
Heliocentric Mercury biquintile Heliocentric Uranus 18:02 EDT
Sun crossing Universal Clock 24 Line 18:14 EDT
Heliocentric Earth sextile Heliocentric Chiron 19:12 EDT
Heliocentric Venus quincunx Heliocentric Admetos 23:01 EDT
June 3
Heliocentric Mercury in 24th harmonic to Heliocentric Poseidon 00:25 EDT
Venus quintile Zeus 02:14 EDT
Heliocentric Venus square Heliocentric Vulcanus 03:32 EDT
Mercury square 03/14/06 Lunar Eclipse antiscion 03:52 EDT
Heliocentric Earth in 24th harmonic to Heliocentric Pluto 07:49 EDT
Heliocentric Mercury quincunx Heliocentric Admetos 11:03 EDT
Mercury crossing Universal Clock 24 Line 12:39 EDT
Heliocentric Mercury square Heliocentric Vulcanus 13:13 EDT
Venus quincunx Pluto 14:23 EDT
Heliocentric Venus conjunct Heliocentric Apollon 15:41 EDT
Venus square 02/21/08 Lunar Eclipse antiscion 16:15 EDT
Heliocentric Mercury conjunct Heliocentric Apollon 19:07 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Zeus 19:20 EDT
Sun square 03/03/07 Lunar Eclipse point 19:43 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Zeus 20:54 EDT
Moon crossing Universal Clock 24 Line 21:02 EDT
Heliocentric Mercury conjunct Heliocentric Venus 22:22 EDT
Sun biquintile Poseidon 22:52 EDT
Heliocentric Mercury sextile Heliocentric Saturn 23:07 EDT
Heliocentric Venus sextile Heliocentric Saturn 23:56 EDT
Venus sesquiquadrate Cupido 23:57 EDT
While the 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: ACL, HAS, VMC.
Alcon Inc. (ACL)
NYSE; optionable
First Trade Date: 03/21/2002; 09:30 a.m.
ACL saw a significant corrective move when transiting Saturn went
retrograde over its First-Trade IC in late February and early March.
Now, with Saturn in direct motion, that planetary aspect is about to
happen again, and once again we expect the stock of this medical supply
firm to take another dip. In this case, however, Saturn's action will be
followed rather quickly with transiting Jupiter moving over the ACL
First-Trade Descendant. The last time that happened, in early February,
ACL responded with a powerful upward price surge. In other words, the
Saturn price pull-back we anticipate during the next couple of weeks
should offer an excellent buying opportunity for this stock. Our plan is
thus to pick up some shares at a price of 132.25 or better; we will be
quite generous with our initial stop until after the Jupiter effect
takes hold, setting it at 124.75.
Hasbro Inc. (HAS)
NYSE; optionable
First Trade Date 06/23/1999; 09:30 a.m.
Transiting Saturn is currently crossing the HAS First-Trade Ascendant,
so we may see a bit of a price pullback as this trading week gets off to
its delayed start. But with the transiting True Lunar Node
sesquiquadrate both Mercury and Mars in the First-Trade horoscope, with
transiting Jupiter lining up for a sesquiquadrate with First-Trade
Jupiter, and with transiting Uranus forming a lingering semisquare with
First-Trade Neptune, there's plenty of action coming up that can add
some fresh energy to these share prices. We thus plan to enter a long
position in HAS early in the trading week, with our initial stop set at
30.50.
Vulcan Materials Company (VMC)
NYSE; optionable
First Trade Date: 01/02/1957; 10:00 a.m.
With Jupiter crossing the VMC First-Trade Midheaven we are looking at an
opportunity to sell this stock short, especially since VMC made its most
recent top just as transiting Jupiter was conjoining First-Trade Venus.
There's some speculative potential here, but it's likely to dissipate
fairly rapidly as transiting Uranus forms an exact sesquiquadrate to
First-Trade Neptune, upsetting the apple cart. Our plan is thus to wait
until late in the Trading Week and then add a short position in VMC to
the Model Portfolio. Our initial buy stop will be set at 120.25.
*****
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 2007 Timothy L.
Bost. No portion of Financial Cycles Weekly may be reproduced without
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