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Market Preview for the week beginning August 13, 2018

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Market Preview for the week beginning August 13, 2018

Market Preview for the week beginning August 13, 2018

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Review and Preview 

Stocks fell on Friday as geopolitical concerns pushed the Turkish lira to a record low against the dollar… The lira fell 20 percent after President Donald Trump authorized the doubling of metals tariffs on Turkey. Trump's comment came after Turkish President Recep Tayyip Erdogan asked citizens to "change the euros, the dollars and the gold that you are keeping beneath your pillows into lira," noting this is "a domestic and national struggle. – Fred Imbert and Alexandra Gibbs, “Dow Drops 200 Points on Geopolitical Concerns as Turkish Lira Plunges,” www.cnbc.com. August 10, 2018.

The intensity of the Mars/Jupiter/Uranus combination in effect August 1-7 finally broke the log jam of price paralysis signified by all the retrograde planets that have been in effect since July 26. The August 6 column had stated, “Last week was the middle of the cosmic tsunami containing an abundance of Uranus signatures that began July 24 and will continue until August 9. As anticipated, unexpected geopolitical and economic announcements took place and several markets abruptly reversed their trends. However, the price activity in financial markets was not as explosive or dramatic as one might expect from the slew of Uranus signatures. The rare abundance of retrograde planets may have something to do with that.” I think they did. But then the force of Mars square Uranus on August 1, Sun square Jupiter on August 6, Uranus going stationary retrograde on August 7, and Venus square Saturn on August 9 was too much to contain that tight price range in many of the world’s equity markets. Something was due to give, and it finally came in the form of new tensions (and more tariffs) between the USA and Turkey. The lira plummeted, and with it, so did the Euro, followed by European and American equity markets. The Asian markets had closed by the time the news broke.

Once the hammer fell, investors immediately flocked to the US Treasuries, the US Dollar, and Gold. The Dollar soared to its highest level in a year. The Treasuries made a new cycle high. The rally in Gold, however, was short-lived as investors realized that the yellow metal couldn’t go too far with the Dollar so strong, and so by the end of the day, Gold pulled back, and Silver followed. In other markets, crude oil and bitcoin dropped to their lowest levels since June, although crude oil bounced back nicely during the day low on Friday.

 

Short-Term Geocosmics 

U.S. President Donald Trump said on Friday that the United States and Mexico were making progress on a trade deal, and warned Canada he would tax their auto exports if an agreement cannot be reached with Ottawa. "Deal with Mexico is coming along nicely. Autoworkers and farmers must be taken care of or there will be no deal. New President of Mexico has been an absolute gentleman," Trump said on Twitter. – Reuters, “Trump Says Progress Made Towards Trade Deal With Mexico, But Canada Must Wait.” August 10, 2018.

With six planets now retrograde as of August 7, there is no guarantee that the breakout in equities to the downside on Friday will continue this week. One of the characteristics of Mercury retrograde (July 26-August 19) is that markets are vulnerable to sudden breaks of support and resistance, only to be reversed again shortly afterwards in what traders refer to as “false breakouts.” This was very evident last week, as the DJIA and S&P, for instance, broke new cycle highs on Tuesday, August 7, the very day that Uranus turned retrograde, which also just happened to be the exact midpoint of Mercury retrograde. All stock indices looked like they were breaking out to the upside, as they broke through one resistance zone after another, on their way to their highest levels since they broke down in February. But it wasn’t to last, as equities fell hard the last two days of the week. Typically, these thrusts only last 1-4 days before reversing again with Mercury retrograde, which is why we do not advise initiating new position trades under this signature. Too often traders will find that it is just too premature to get overly excited that the end of the bull market trend is at hand.

There are two other geocosmic factors to consider in this analysis to be careful of committing oneself to the idea that the bull is completely dead, even though he looks quite wounded. First, the Venus/Saturn square of August 9-10 has a history of corresponding to lows in stock indices from which rallies follow. Given that the next major aspect will be Jupiter trine Neptune on August 19, the same day that Mercury turns direct, there are multiple cosmic reasons to think the markets can recover quickly. After all, Mercury is commerce and Jupiter is world trade. So, it was no coincidence that late last week the Trump administration issued positive messages that tariffs against its European partners and Mexico may be cut back considerably. Next up, going into or shortly following August 19, may be the rift with China. With Jupiter soon to move into Sagittarius (November 8), there is plenty of cosmic potential for the threats and fears of restrictive world trade to be lifted. The markets will need that after Friday’s debacle.

The second geocosmic factor to consider is that Venus just ingressed into Libra, its ruling sign, where it will remain until September 9. More often than not, equities will rally during this period, with an exception possibly being when Venus is in square aspect to Saturn, as was the case late last week. Venus in Libra, however, also has a bearish correspondence to Silver, and Silver continued to stumble last week, closing near the lows of the week. Gold and Silver don’t do very well under strong Jupiter aspects either, and Jupiter has a big strong aspect coming up on August 19 when it trines Neptune for the third and final time. The combination of Jupiter trine Neptune and Venus in Libra could correspond to an important low in metals within the next two weeks (please refer to our special report on Gold issue four weeks ago in the MMA Cycles Report and updated in the August issued that released last week). Jupiter and Neptune also rule crude oil, so we anticipate a trend reversal could be setting up there as well.

I am on vacation this week, but will continue to update daily subscribers, as I believe the next few trading sessions will be very important in understanding the longer-term picture in stocks, precious metals, and crude oil too.

 

 

Announcements

Last year’s Forecast 2018 Book rocked!

Check out the scorecard as of July 19 on our website via the link below. Some of the calls by our MMTA graduates were phenomenal, including Kat Powell on Soybeans, Nitin Bhandari on Crude Oil, Ulric Aspegren on the British Pound, as well as Mark Shtayerman and Izabella Suleymanova on Wheat, not to mention Merriman’s own calls on other markets and the world/national political and economic arenas. Read more>>

 

Stay tuned!

The annual MMA pre-publication specials for next year’s Forecast Book will begin for the public just as soon as Mercury retrograde ends and Jupiter makes its final trine to Neptune next weekend (August 19). Subscribers to MMA reports have already received the first notice and steepest discounts to subscription services and next year’s book.

Congress Outlook 2019-2020 

Mark your calendars for Congress Outlook 2019-2020

With Raymond Merriman, Drs. Karen Hamaker-Zondag, Antonia Langsdorf and Irma Schogt on a A-location in Amsterdam-Center, Saturday January 19, 2019. This congress will be about the waves of renewals in world politics, financial sector and banks, money system and art. More information will follow shortly. Read more>>
 

 

The monthly MMA Cycles Report was issued last week to all subscribers.

This month’s report included a follow-up on the prior month’s special report on Gold (which is happening almost exactly as described). It also contains our future outlook for U.S. stock indices (DJIA and S&P futures), Silver, Treasuries, Euro Currency, Crude Oil and Soybeans, plus MMA’s original geocosmic critical reversal dates (CRDs) and Solar/Lunar reversal dates over the next several weeks. The monthly MMA Japan Cycles report also came out last week, and covers the Nikkei, JGB Bonds, and the Dollar-Yen. The MMA European Cycles Report was released last week too, covering the German DAX, Swiss SMI, and Netherlands AEX. Read more>> If you are not a subscriber to the MMA Cycles Reports and wish a copy of this month’s outlook for financial markets, as well as last month’s special report on Gold, consider taking out a subscription NOW.
This report is also available in Dutch language, read more here>>

 
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Disclaimer & State of Purpose

The purpose of this column is not to predict the future movement of various financial markets. However, that is the purpose of the Schogt Market Timing & MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language.

This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will oftentimes report what happened in various stock and financial markets throughout the world in the past week, and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author's understanding of how these signatures will likely affect human activity in the times to come.

The author (Merriman) will do this from a perspective of a cycle's analyst looking at the military, political, economic, and even financial markets of the world. It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand these psychological dynamics that underlie (or coincide with) the news events and hence financial markets of the day.

No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers assume any responsibility at all for those individual decisions. Reader should understand that futures and options trading are considered high risk.