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YOUR WEEKLY ASTRO-TRADING PLAN
IN THIS ISSUE:
The Bottom Line
Comment
Construction Zone
Behind the Scenes
Pricey Delicacies
Join Me in Copenhagen!
The Economic Calendar
Astrological Dynamics
Spiritual Focus for the Week
Global Equities Markets
U.S. Equity Trends
Gold and Silver
Financial Cycles Model Portfolio
Market Sector Strength and Weakness
Astro-Trading Gann Plan Calendar
Stock to Watch
THE BOTTOM LINE: The markets are poised
for a dramatic move back to the
upside following last week's sharp sell-off. But with Mercury still in
retrograde motion, it's hard to make accurate trading decisions right
now. If you hear about big trading gains right now, remember that they
probably involved professional drivers on a closed course. Unless you're
determined to pay some high tuition costs for a very sobering market
education, it might be better not to try this one at home. Remember that
the markets bring an infinite flow of opportunity--there will be plenty
of profitable chances later to trade in a more predictable environment.
COMMENT: In last week's newsletter I noted
that the positive action we
were seeing in stocks was "unlikely to be a sustained rally at this
time, especially considering the underlying bearish indicators that are
currently reflecting some weakness in market action. As things now
stand, all of those technical indicators remain clearly intact, and our
underlying bearish assumptions at this point seem fully justified."
I also observed that the Mercury retrograde factor was likely to produce
"a week of market fake-outs," noting that we could expect "a week that
will keep even the most seasoned traders guessing." And, in commenting
on the likely impact of other short-term astrological factors, I said
that "If there's a move to the upside on Thursday, however, we are
likely to see much of it disappear as the day gets underway on Friday,
thanks to the waxing Venus/Jupiter biquintile in the early morning hours."
While all of that may sound like an accurate forecast given Friday's big
sell-off, I must admit that the size of the downward move that day
caught me by surprise. When you're involved in the markets, one of the
deadliest temptations is to believe that you know what you're doing, and
that can be especially lethal when Mercury is retrograde!
COMING TO TERMS WITH TERMITES
Thanks to all of you who have taken time to express your personal
concerns about the recent challenges Patty and I have been experiencing
with the termite damage to our home. We continue to grow in our
appreciation of not being home owners, but living in a construction zone
has definitely brought some challenges. The contractors who are handling
the repairs assure me that it will all be done this week (they
apparently don't know much about Mercury retrograde), but it looks like
we are still in for some more interruptions in the work schedule and
inconveniences in daily routines. My apologies to those of you who
haven't gotten prompt responses to emails or phone messages--things will
get settled down here eventually!
WHAT'S REALLY GOING ON?
As I noted earlier, last Friday's market plunge was not quite what I had
anticipated, even though I had been expecting a down day for stocks.
According to the news media, the sell-off was due to inflation fears, a
worse-than-expected employment report, and a record jump in oil prices.
So what else is new? Anyone who has taken a long enough break from
reading government statistics to go fill up a gas tank or walk down the
aisles of a grocery store has already experienced the reality of
inflation. If job losses haven't personally impacted you, a family
member, or someone else you know, you're definitely in the minority. And
announcements of higher oil prices are actually getting a bit monotonous.
All of this awakens my paranoid sensibilities enough for me to start
speculating about what's going on behind the scenes. After all, there's
little doubt that markets are manipulated; it's just a question of who's
doing the manipulating today, and to what end?
The really interesting thing about last week's trading action was the
fact that oil shot up so significantly without any apparent cause. There
was no big news of a supply shortage or interruption, and as far as I
could tell the other fundamentals remained essentially unchanged as
well. But it doesn't quite make sense that the price of oil would shoot
up so much simply on the fear that the price of oil was going to go up!
Perhaps was we were seeing was a manifestation of the largely unspoken
fear that conflict with Iran is imminent. While the U.S. posturing has
hardly abated in recent weeks, it was quite interesting to note that
Israeli Prime Minister Ehud Olmert made some very pointed remarks about
Iran during his visit to Washington last week. With Iran being more
clearly defined as a threat to Israel, there's increasing credibility to
the speculation that President Bush might launch a massive attack
against Iran in the window between Election Day in November and
inauguration day in January, especially if Barack Obama is the
president-elect.
Of course all that's hare-brained speculation, but with Obama nabbing
the democratic nomination just before the Bilderberger meeting in
Chantilly, Virginia along with the likes of Henry Kissinger, Condoleezza
Rice, David Rockefeller, Paul Wolfowitz, Richard Perle, Ben Shalom
Bernanke, anything is possible. By the way, James A. Johnson, the man
that Obama has given the task of picking his running mate, was
reportedly also at that meeting in Virginia, June 5-8.
YET ANOTHER RECORD
While stock markets around the world were plunging on Friday, another
market hit a new record high--the Japanese watermelon auctions. A jumbo
Densuke black watermelon fetched a record $6,100, making the 17-pound
beauty one of the most expensive melons ever sold in the country.
The record watermelon sale comes on the heels of another stunning melon
price last month, when a pair of Yubari cantaloupes sold for a cool $23,500.
OFF TO COPENHAGEN
I'll be speaking later this month at the Sixth ISBA Congress in
Copenhagen, Denmark, sharing my insights on eclipses in the markets and
the upcoming trends in business. You'll find details about the event at
www.businessastrologers.com
.
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, be sure to see the streaming videos of my
latest broadcast interviews at
http://www.timbost.com/publications/videogallery.html
and check out the
"Top Listed Site Astrology" button for links to other astrological
resources.
*****
THE ECONOMIC CALENDAR
During the week ahead we will be watching for the reports on Pending
Home Sales, International Trade, ICSC-UBS Store Sales, MBA Purchase
Applications, Quarterly Services Survey, Treasury Budget, the EIA
Petroleum Status Report, the EIA Natural Gas Report, Import and Export
Prices, Retail Sales, Business Inventories, the Consumer Price Index,
Consumer Sentiment, Jobless Claims, and the Money Supply. We will also
be watching for an interest rate announcement from the Bank of Canada on
Tuesday morning.
Given last Friday's sell-off in the stock market, the new record highs
for oil, and the grim news on the employment front, it's a sure bet that
all eyes will be on Fed Chairman Ben Shalom Bernanke when he goes to
Chatham, Massachusetts on Monday to appear at the Boston Fed conference.
He probably won't be taking any direct questions at the event, which
will put the Fed-watchers into high gear trying to discover the nuances
in his prepared remarks. He's also scheduled for a public appearance in
Kansas City on Thursday, and the same ground rules will apply. Other
noteworthy appearances this week will come from Dallas Federal Reserve
Bank President Richard Fisher on CNBC and New York Federal Reserve Bank
President Timothy Geithner in New York on Monday, and from St. Louis
Federal Reserve Bank President James Bullard in St. Louis on Wednesday.
ASTROLOGICAL DYNAMICS
During the past weekend we had a Sun/Mercury conjunction and a
Mercury/Venus conjunction, two strongly positive signals that suggest
solidly higher stock prices for this trading week, or at least for the
start of it. Monday's trading gets underway under the influence of a
Sun/Venus conjunction as well, adding to the likelihood that we will see
a positive kickoff to the market action this week.
Monday afternoon also brings a waxing heliocentric Venus/Uranus square,
which adds a lot of positive energy to the mix. I'm expecting it to
spill over into Tuesday's trading as well, continuing to bring stock
prices up. Be aware, however, that a void-of-course Moon kicks in during
the last half-hour of the trading day on Tuesday, so be sure to lock in
positions before that time.
The heliocentric Mercury/Hades opposition in the early morning hours on
Wednesday is yet another positive indicator for stock prices this week,
so we are likely to see some new highs being set that day. The
Sun/Saturn quintile may provide a bit of a sobering influence however,
and it's also wise to remember that Mercury is still
retrograde--unreliable market signals are the order of the day, so
exercise plenty of caution in your trading!
Speaking of unreliable market signals, we definitely get a mixed bag on
Thursday, with the geocentric Mercury/Cupido opposition at the opening
bell suggesting a short-term sell-off and the early-morning heliocentric
conjunction of Mercury and Pluto hinting that a solid rally is likely to
get underway. The heliocentric Mars/Uranus opposition at the closing
bell is likely to tip the scales in a positive direction, but this will
once again be a trading day that's likely to filled with plenty of
fake-outs for short-term traders.
It would be nice to say that the trading week will end on a positive
note, but once again we have the power of a void-of-course Moon adding
to the Mercury retrograde uncertainty. The lunar void lasts throughout
the trading day, so a word to the wise in this case might include
something about taking profits and closing out the action for the week a
day early.
Throughout this trading week I will be tracking heliocentric
sixth-harmonic planetary lines (H,60,N,-2) for the Earth, Mercury,
Venus, Neptune, Pluto, and Apollon, using the Fibonacci/Galactic Trader
software from P.A.S. to follow the active planetary support and
resistance in real time. For more information on this astro-trading
analysis and trading software go to
http://server1.fibonaccitrader.com/licenseWeb/index.jsp?PROMOCODE=TIM
.
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.
When we recognize love as our fundamental essence, what can we do but
bring ever-increasing levels of refinement to every facet of our
experience? Oddly enough, however, as we become more refined and
discriminating, we also run the risk of ignoring the full range of
creative potential that awaits expression all around us. In fact we even
may become wasteful if we fail to respond to the Divine Impulse seeking
a means of manifestation in our lives. Our task is simply to be big
enough, to encompass and embrace the full range of cosmic experience so
that we can more fully assimilate the never-ending flow of creative
intelligence into our personal roles and relationships.
"A different world cannot be built by indifferent people." --Rev. Peter
Marshall
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
Unless you were in Japan, it was a rough week to be on the long side of
the stock market. U.S. blue chips took it on the chin, while the smaller
cap and tech issues fared a little bit better, but still ended the week
in negative territory. European issues suffered significantly, and Asia
was a mixed bag, with the newer, more volatile bourses posting big
losses and the old-line venues doing a much better job of keeping things
in balance.
Dow Jones Industrial Average -- down 3.39%
Dow Jones Transportation Average -- down 3.44%
Dow Jones Utilities Average -- down 1.97%
S+P 500 -- down 2.83%
NASDAQ Composite Index -- down 1.91%
Russell 2000 -- down 1.06%
London FTSE-100 -- down 2.42%
Amsterdam Index -- down 2.94%
Paris CAC-40 -- down 4.37%
Frankfurt DAX -- down 4.13%
Mexico Index -- down 3.12%
Sao Paulo BOVESPA -- down 3.87%
Sydney All Ordinaries -- down 1.43%
Bombay SENSEX -- down 5.14%
Tokyo Nikkei Index -- up 1.05%
Shanghai SE Composite Index -- down 3.02%
Hong Kong Hang Seng Index -- down 0.53%
*****
U.S. EQUITY TRENDS
In spite of all the upward price moves during the past couple of months,
our technical models for U.S. stock indices have stubbornly refused to
jump onto the bullish bandwagon, repeatedly reminding us that this is a
trading environment that deserves considerable caution. That set of
technical assumptions was boldly vindicated on Friday, when strong
selling brought all of the U.S. averages into negative territory for the
week.
The Russell 2000 closed the trading week at 740.37. This index has been
in steady uptrend since mid-March, repeatedly finding support on its
25-day moving average, but it has yet to turn in the kind of positive
performance for unequivocal bullishness. The Russell is currently on a
January 4 short-term sell signal, with a daily close above 799 required
to return to short-term bullishness. Our August 3, 2007
intermediate-term sell signal for the Russell 2000 remains in place at
this point, with a daily close above 824 currently required to
reactivate intermediate-term bullishness. The Russell is now also on a
November 26, 2007 long-term sell signal, with a daily close above 856
needed to move our long-term indicator for the Russell back to the buy side.
The NASDAQ Composite has once again hit significant resistance at 2550,
and pulled back sharply at the end of the trading week to close at
2474.56. This index thus continues to fall short of our technical price
target needed to confirm a reversal to the upside. The NADAQ is on a
November 8 short-term sell signal, with a daily close above 2735 needed
to reverse our technical trend assumptions back to the buy side. The
NASDAQ is on a January 22 long-term sell signal, with a daily close of
3044 or higher needed to resume long-term bullish expectations. We are
now also on a January 8 intermediate-term sell signal, with a daily
close above 2861 currently required to flip this indicator back to the
buy side.
Support for the S+P 500 continued to hold at the
astrologically-significant 1372 price level last week--at least until
Friday's trading, when the selling pressure brought this index to rest
at a weekly close of 1360.68. This index is on a December 17 short-term
sell signal, with a daily close above 1436 needed to reverse our trend
assumptions back to the long side. The S+P 500 is also on a November 26,
2007 intermediate-term sell signal, with a daily close above 1499 needed
to reverse it back to the buy side. For the long-term, the S+P is on a
January 17 sell signal, with a daily close above 1552 now need to flip
our long-term trend expectations back to bullish assumptions.
S+P 500 -- Long-Term Bearish; Intermediate-Term Bearish; Short-Term Bearish
NASDAQ -- Long-Term Bearish; Intermediate-Term Bearish; Short-Term Bearish
RUSSELL 2000 -- Long-Term Bearish; Intermediate-Term Bearish; Short-Term
Bearish
*****
METAL MARKETS
GOLD -- With heliocentric Mercury still moving through Sagittarius this
week, there's still some likelihood of a positive move in Gold. It
remains to be seen whether or not we will be able to challenge the May
highs for this metal, but some solid action above the $900 mark seems to
be a foregone conclusion.
SILVER -- The outlook for Silver suggests that we will continue to see
the price action confined in a fairly narrow trading range for another
week or two, but beyond that I'm expecting a fairly solid move back to
the upside, with a rally perhaps extending into Labor Day. There may be
some short-term scalping opportunities here for particularly savvy
traders, but for the time being it looks like a wiser strategy may be to
watch for buying opportunities on significant dips.
*****
FINANCIAL CYCLES MODEL PORTFOLIO
TRADES CLOSED LAST WEEK: BGC, SGY.
We closed two trades during the past week, with one winner and one loser
bringing us a net loss of $60.00.
We sold 200 shares of General Cable Corporation (BGC) at 69.50 on
06/02/08, taking a profit of $100.00 (a 0.72% gain in 4 trading days).
We bought to cover 200 shares of Stone Energy Corporation (SGY) at 69.05
on 06/02/08, taking a loss of $160.00 (a 1.17% loss in 3 trading days).
*****
POSITIONS ADDED TO THE PORTFOLIO LAST WEEK: AMZN, SU, SPN.
We added two long positions and one short position to the Model
Portfolio last week.
We bought 200 shares of Amazon.com Inc. (AMZN) at 79.60 on 06/03/08,
with an initial stop set at 76.00.
We sold short 200 shares of Suncor Energy (SU) at 68.50 on 06/03/08,
with an initial buy stop set at 74.50.
We bought 300 shares of Superior Energy Services, Inc. (SPN) at 54.40 on
06/05/08, with an initial stop set at 49.85.
****
REVIEW OF PREVIOUS MODEL PORTFOLIO ACTIVITY
So far this year we have had a total of 53 completed trades, with 27
winners and 26 losers bringing us a total net profit of $18,517.00. The
largest profit for a single trade has been $3,450.00, with our winners
averaging $912.96; the largest single-trade loss has been $800.00, with
our losers averaging $235.96.The overall average profit per trade has
been $349.38, and the mean duration of our trades has been 9.3 trading days.
During 2007 we had a total of 161 completed trades, with 74 winners and
87 losers bringing us a total net profit of $17,297.00. The largest
profit for a single trade was $5,264.00, with our winners averaging
$576.30; the largest single-trade loss was $1,224.00, with our losers
averaging $294.56. The overall average profit per trade was $107.43. The
mean duration of our trades was 11.6 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 2002-2004 inclusive we had a total of 584 completed trades, with
322 winners, 260 losers, and 2 break-even trades bringing us an average
annual net profit of $50,528.83. 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 $259.57. The mean duration of our trades during
those three years was 11.0 trading days.
*****
CURRENT POSITIONS IN THE MODEL PORTFOLIO
Amazon.com Inc. (AMZN) -- bought 200 shares at 79.60 on 06/03/08;
currently 80.63. Raise stop to 79.25.
Crown Holdings Inc. (CCK) -- sold short 300 shares at 28.45 on 05/28/08;
currently 28.24. Lower close-only buy stop to 28.95.
Forest Oil Corporation (FST) -- bought 200 shares at 64.75 on 05/23/08;
currently 71.40. Raise stop to 69.35.
Suncor Energy (SU) -- sold short 200 shares at 68.50 on 06/03/08;
currently 67.86. Lower buy stop to 69.00.
Superior Energy Services, Inc. (SPN) -- bought 300 shares at 54.40 on
06/05/08; currently 55.25. Raise stop to 54.15.
*****
MARKET SECTOR STRENGTH AND WEAKNESS
STRONGEST MARKET SECTORS LAST WEEK:
Agricultural Chemicals; Music and Video Stores; Healthcare Information
Services; Independent Oil and Gas; Drug-Related Products.
WEAKEST MARKET SECTORS LAST WEEK:
Meat Products; Southeast Regional Banks; Surety and Title Insurance;
Advertising Agencies; Major Diversified Aerospace and Defense.
*****
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 for longer-term trades 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.
June 8
Heliocentric Mercury biquintile Heliocentric Vulcanus 01:52 EDT
Sun parallel Venus 06:28 EDT
True Lunar Node direct station 06:53 EDT
Heliocentric Venus trine Heliocentric Chiron 08:04 EDT
Heliocentric Mercury square Heliocentric Uranus 08:15 EDT
Mars biquintile Uranus 10:26 EDT
Moon Crossing Universal Clock 24 Line 11:19 EDT
Void-of-Course Moon 11:41-22:01 EDT
Heliocentric Venus square Heliocentric Mars 11:43 EDT
Mercury sextile Mars 14:29 EDT
Sun in 24th Harmonic to Kronos 23:10 EDT
Venus in 24th Harmonic to Kronos 23:25 EDT
Heliocentric Earth opposition Heliocentric Venus 23:45 EDT
June 9
Sun conjunct Venus 00:18 EDT
Venus square 09/11/07 Solar Eclipse Point 01:40 EDT
Sun square 09/11/07 Solar Eclipse Point 02:04 EDT
Heliocentric Venus in 24th harmonic to Heliocentric Kronos 02:56 EDT
Heliocentric Earth biquintile Heliocentric Vulcanus 05:05 EDT
Heliocentric Mercury sextile Heliocentric Neptune 08:47 EDT
Mars contraparallel Pluto 10:06 EDT
Heliocentric Venus square Heliocentric Uranus 13:57 EDT
Heliocentric Mercury semisquare Heliocentric Poseidon 14:00 EDT
Heliocentric Mercury quintile Heliocentric Zeus 15:36 EDT
Heliocentric Earth square Heliocentric Uranus 23:49 EDT
June 10
Heliocentric Mercury quincunx Heliocentric Admetos 03:56 EDT
Mercury quintile Transpluto 04:58 EDT
Heliocentric Mercury quincunx Heliocentric Vulcanus 06:13 EDT
Moon Crossing Universal Clock 24 Line 07:07 EDT
True Lunar Node retrograde station 10:15 EDT
Venus trine True Lunar Node 12:57 EDT
Mars opposition 02/07/08 Solar Eclipse Point 13:10 EDT
Heliocentric Mercury sextile Heliocentric Apollon 14:00 EDT
Void-of-Course Moon begins 15:42 EDT
Venus quincunx Jupiter 16:46 EDT
Venus quintile Saturn 20:24 EDT
Venus trine Chiron 21:04 EDT
Mercury parallel Admetos 22:51 EDT
Sun trine True Lunar Node 23:15 EDT
Mars in 24th Harmonic to Saturn 23:23 EDT
June 11
Heliocentric Mercury opposition Heliocentric Hades 01:26 EDT
Sun quincunx Jupiter 03:16 EDT
Void-of-Course Moon ends 05:55 EDT
Heliocentric Venus trine Heliocentric Neptune 07:45 EDT
Sun trine Chiron 09:36 EDT
Sun quintile Saturn 09:53 EDT
Heliocentric Mercury trine Heliocentric Transpluto 11:52 EDT
Mercury square 09/07/06 Lunar Eclipse Point 12:45 EDT
Heliocentric Venus sesquiquadrate Heliocentric Poseidon 16:30 EDT
Uranus sesquiquadrate Poseidon 20:09 EDT
June 12
Heliocentric Mercury conjunct Heliocentric Pluto 00:20 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Cupido 01:02 EDT
Chiron opposition 02/09/09 Lunar Eclipse Point 02:09 EDT
Heliocentric Mercury enters Capricorn 02:18 EDT
Venus parallel Kronos 03:26 EDT
Venus sesquiquadrate Poseidon 03:31 EDT
Venus square Uranus 03:38 EDT
Heliocentric Mercury in 24th harmonic to Heliocentric Jupiter 04:06 EDT
Moon Crossing Universal Clock 24 Line 05:13 EDT
Mars semisquare Kronos 06:19 EDT
Heliocentric Mercury biquintile Heliocentric Admetos 07:51 EDT
Mercury opposition Cupido 09:42 EDT
Mercury biquintile Jupiter 13:41 EDT
Heliocentric Mars opposition Heliocentric Uranus 13:54 EDT
Heliocentric Venus semisextile Heliocentric Admetos 16:20 EDT
Heliocentric Venus semisextile Heliocentric Vulcanus 20:14 EDT
Heliocentric Earth sextile Heliocentric Neptune 22:31 EDT
June 13
Sun sesquiquadrate Poseidon 00:50 EDT
Sun square Uranus 01:24 EDT
Heliocentric Mercury semisquare Heliocentric Chiron 01:31 EDT
Void-of-Course Moon 05:16-16:53 EDT
True Lunar Node square 08/01/08 Solar Eclipse Antiscion 06:53 EDT
Heliocentric Venus trine Heliocentric Apollon 09:34 EDT
Venus trine Neptune 10:53 EDT
Heliocentric Mercury opposition Heliocentric Kronos 11:51 EDT
Heliocentric Earth semisquare Heliocentric Poseidon 13:06 EDT
Venus semisextile Vulcanus 17:37 EDT
Heliocentric Earth quintile Heliocentric Zeus 17:52 EDT
June 14
Pluto enters Sagittarius 01:12 EDT
Venus semisextile Admetos 03:33 EDT
Heliocentric Venus quintile Heliocentric Saturn 04:15 EDT
Moon Crossing Universal Clock 24 Line 04:54 EDT
Venus trine Apollon 05:09 EDT
Heliocentric Venus conjunct Heliocentric Hades 05:14 EDT
Sun trine Neptune 17:01 EDT
Heliocentric Mercury semisquare Heliocentric Neptune 18:02 EDT
Heliocentric Mercury quintile Heliocentric Uranus 19:56 EDT
Heliocentric Mercury quintile Heliocentric Apollon 20:50 EDT
Mars opposition True Lunar Node 22:26 EDT
Heliocentric Mercury sextile Heliocentric Poseidon 22:51 EDT
Heliocentric Venus sextile Heliocentric Transpluto 23:04 EDT
June 15
Mars quincunx Jupiter 02:05 EDT
Sun semisextile Vulcanus 02:25 EDT
Heliocentric Earth quincunx Heliocentric Admetos 05:27 EDT
Mars square 08/01/08 Solar Eclipse Antiscion 06:47 EDT
Heliocentric Mercury trine Heliocentric Saturn 07:43 EDT
Heliocentric Earth quincunx Heliocentric Vulcanus 12:02 EDT
Mercury biquintile Poseidon 12:16 EDT
Heliocentric Mercury sesquiquadrate Heliocentric Admetos 12:20 EDT
Sun semisextile Admetos 15:16 EDT
Heliocentric Earth in 24th harmonic to Heliocentric Mercury 15:44 EDT
Sun trine Apollon 16:38 EDT
Void-of-Course Moon begins 17:30 EDT
Venus conjunct Hades 19:58 EDT
Heliocentric Venus opposition Heliocentric Pluto 20:52 EDT
Heliocentric Venus enters Cancer 23:54 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.
New issues of the
letter appear at irregular intervals, so 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: ANST, CAT, SXT.
Ansoft Corporation (ANST)
NASDAQ -- optionable
First Trade Date: 04/03/1996; 09:30 a.m.
It will take transiting Saturn about two more weeks to make an exact
conjunction with the ANST First-Trade IC. Along the way, it will square
First-Trade Pluto, form a semisquare to First-Trade Apollon, and make a
biquintile to First-Trade Neptune. At the same time, however, transiting
Jupiter will be lighting up several parts of the ANST First-Trade chart
as it moves toward a 24th-harmonic aspect with First-Trade Uranus. This
factor, along with some supporting action from transiting Mercury, Mars,
and Chiron and a trine from transiting Kronos to the First-Trade
Midheaven, suggests that a buying opportunity is unfolding for this
stock. We plan to add a long position by the middle of the trading week,
with an initial stop set at 32.25.
Caterpillar Inc. (CAT)
NYSE; optionable
First Trade Date: 12/02/1929; 10:00 a.m.
With transiting Pluto conjoining First-Trade Saturn and transiting
Jupiter about to pass over the First-Trade Ascendant, there's definitely
big change underway for this stock. CAT has been in an extremely
congested trading range since mid-April, defining a resistance zone that
is becoming increasingly difficult to penetrate. While Jupiter's
retrograde move across the First-Trade Ascendant in another 10 days may
bring a positive pop to the price action for CAT, there doesn't seem to
be much of a follow-up act waiting in the wings. Instead we will get
transiting Saturn conjoining First-Trade Neptune, transiting Mars
sesquiquadrate First-Trade Admetos, and transiting Hades lining up with
First-Trade Vulcanus. With that scenario unfolding, our plan is to sell
CAT short before this trading week is out, with an initial buy stop
placed at 87.05.
Sensient Technologies Corporation (SXT)
NYSE; optionable
First Trade Date: 02/10/1977; 10:00 a.m.
Here's another example of transiting Jupiter making life interesting.
The past two times that Jupiter has crossed the SXT First-Trade
Midheaven--on December 8, 1996 and on March 30, 2008--this stock has
responded with a short-term move to the upside. The same thing may
happen again when Jupiter repeats that passage on June 19. But after
Jupiter visits the First-Trade Midheaven (its first retrograde
connection), there isn't anything in the way of planetary energy
supporting a sustained upward move. In other words, it looks like SXT is
ready to hit a trading top, which means we will be selling this stock
short near the end of the trading week. Our initial buy stop will be set
at 33.25.
*****
FINANCIAL CYCLES WEEKLY (ISSN 1055-8527)
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