Hello all.
We continue to see the market defy the astrology which is very interesting.
While many have expressed concern that the market doesn't want to go down, the astrology continues to state otherwise.
I'm not sure what will be the event that will turn the market lower as we do have the mercury retrograde coming in a few week.
As I said yesterday the negative astrology just keeps on piling up.
I fear that once it begins to wane that the market could just explode higher, but not for a while yet.
To the metal traders please be aware that there is nothing positive for the metals astrologically in the coming weeks to give hope.
In fact today afternoon and tomorrow a hit is on the way.
If your looking for lows, new lows will be evident weekly soon.
Commodities as a hold look very weak except for grains.
Oil too has been holding up on the technical/fundemental hope that something might happen is the Arab states.
My work is showing that is wishful thinking and oil will see $89 before $99.
In the Softs at the present time as I said previously I am no buyer of Cotton until 78 or lower and that should be soon.
Would I short the softs NO.
Today the market indexes are in luck as quiet a few are chasing APPL dividend pay out Monday $2+.
So the market will drift look for the spread between Futures to cash to widen in coming days.
Your also seeing mutual money prepared to support the market but this wont last.
On the news front I got a laugh out of the ECB's comments today.
Two quarters of contraction and yet no cut in rates, super Mario is not really that super is he?
Or does he wait for the market to give him the all clear first!
Companies in Europe are struggling and yet no growth policy, yep his got it under control.(rate cut)
To the larger traders the spread between the A$ and C$ has narrowed some what down to 250 from 500.
Might want to use some caution now as oils drop could start a run on the $C.
To the astrological students Friday has some small positives aspect, the weekend is very negative and Monday does just light the fire.
Please use caution when trading as the coming days could become very nasty .
We have the 3 powerful squares that will drive a stake into peoples hopes and on top of that we also have the new moon which is in Aqu 17 degrees of Mercury and 28 degrees of Saturn so please be careful.
As always please use the above as an indicator to your own work.
Futures trading can produce huge profits and losses
Past performances are no guarantee for future performances.
Ask your financial advisor on more on the above.
We continue to see the market defy the astrology which is very interesting.
While many have expressed concern that the market doesn't want to go down, the astrology continues to state otherwise.
I'm not sure what will be the event that will turn the market lower as we do have the mercury retrograde coming in a few week.
As I said yesterday the negative astrology just keeps on piling up.
I fear that once it begins to wane that the market could just explode higher, but not for a while yet.
To the metal traders please be aware that there is nothing positive for the metals astrologically in the coming weeks to give hope.
In fact today afternoon and tomorrow a hit is on the way.
If your looking for lows, new lows will be evident weekly soon.
Commodities as a hold look very weak except for grains.
Oil too has been holding up on the technical/fundemental hope that something might happen is the Arab states.
My work is showing that is wishful thinking and oil will see $89 before $99.
In the Softs at the present time as I said previously I am no buyer of Cotton until 78 or lower and that should be soon.
Would I short the softs NO.
Today the market indexes are in luck as quiet a few are chasing APPL dividend pay out Monday $2+.
So the market will drift look for the spread between Futures to cash to widen in coming days.
Your also seeing mutual money prepared to support the market but this wont last.
On the news front I got a laugh out of the ECB's comments today.
Two quarters of contraction and yet no cut in rates, super Mario is not really that super is he?
Or does he wait for the market to give him the all clear first!
Companies in Europe are struggling and yet no growth policy, yep his got it under control.(rate cut)
To the larger traders the spread between the A$ and C$ has narrowed some what down to 250 from 500.
Might want to use some caution now as oils drop could start a run on the $C.
To the astrological students Friday has some small positives aspect, the weekend is very negative and Monday does just light the fire.
Please use caution when trading as the coming days could become very nasty .
We have the 3 powerful squares that will drive a stake into peoples hopes and on top of that we also have the new moon which is in Aqu 17 degrees of Mercury and 28 degrees of Saturn so please be careful.
As always please use the above as an indicator to your own work.
Futures trading can produce huge profits and losses
Past performances are no guarantee for future performances.
Ask your financial advisor on more on the above.