You are here
> Home > Weekly Preview >
Market Preview for the week beginning May 10, 2021

Blog archive Preview

September 2021 (2 messages)August 2021 (5 messages)July 2021 (4 messages)June 2021 (4 messages)May 2021 (5 messages)April 2021 (4 messages)March 2021 (4 messages)February 2021 (4 messages)January 2021 (5 messages)December 2020 (3 messages)November 2020 (4 messages)October 2020 (4 messages)September 2020 (4 messages)August 2020 (5 messages)July 2020 (4 messages)June 2020 (4 messages)May 2020 (4 messages)April 2020 (4 messages)March 2020 (5 messages)February 2020 (4 messages)January 2020 (4 messages)December 2019 (5 messages)November 2019 (4 messages)October 2019 (2 messages)September 2019 (5 messages)August 2019 (3 messages)July 2019 (3 messages)June 2019 (4 messages)May 2019 (3 messages)April 2019 (3 messages)March 2019 (5 messages)February 2019 (4 messages)January 2019 (4 messages)December 2018 (5 messages)November 2018 (4 messages)October 2018 (4 messages)September 2018 (5 messages)August 2018 (4 messages)July 2018 (4 messages)June 2018 (5 messages)May 2018 (3 messages)April 2018 (4 messages)March 2018 (4 messages)February 2018 (3 messages)January 2018 (5 messages)December 2017 (4 messages)November 2017 (4 messages)October 2017 (5 messages)September 2017 (4 messages)August 2017 (4 messages)July 2017 (5 messages)June 2017 (4 messages)May 2017 (4 messages)April 2017 (5 messages)March 2017 (3 messages)February 2017 (4 messages)January 2017 (4 messages)December 2016 (4 messages)November 2016 (4 messages)October 2016 (4 messages)September 2016 (4 messages)August 2016 (4 messages)July 2016 (5 messages)June 2016 (3 messages)May 2016 (4 messages)April 2016 (5 messages)March 2016 (4 messages)February 2016 (4 messages)January 2016 (5 messages)December 2015 (3 messages)November 2015 (5 messages)October 2015 (4 messages)September 2015 (3 messages)August 2015 (5 messages)July 2015 (4 messages)June 2015 (4 messages)May 2015 (5 messages)April 2015 (4 messages)March 2015 (5 messages)February 2015 (3 messages)January 2015 (4 messages)December 2014 (3 messages)November 2014 (5 messages)October 2014 (4 messages)September 2014 (4 messages)August 2014 (4 messages)July 2014 (4 messages)June 2014 (4 messages)May 2014 (4 messages)April 2014 (4 messages)March 2014 (4 messages)February 2014 (4 messages)January 2014 (4 messages)December 2013 (2 messages)November 2013 (3 messages)

Weighted values
Index 20 September 2021

DJIA:
Silver:

Read more »
Print

Market Preview for the week beginning May 10, 2021

Market Preview for the week beginning May 10, 2021

Market preview goes to Members by email for free.

 

Review and Preview  

Employers adding a measly 266,000 new jobs – sharply missing Wall Street's expectations – amid a growing shortage of available workers. The unemployment rate unexpectedly rose to 6.1% — while it's still well below the April 2020 peak of 14.7%, it's about twice the pre-crisis level, the Labor Department said in its monthly payroll report, released Friday morning. Economists surveyed by Refinitiv expected the report to show that unemployment fell to 5.8% and the economy added 978,000 jobs. – Kristen Altus, “US Labor Secretary on Why Americans Aren't Going Back to Work,” www.foxbusiness.com/, May 7, 2021.

In any event, a pullback in world equities didn’t start last week, the first week of May– the first week of the month that investors love to chant, “Sell in May and go away.” The only problem is that “selling in May and going away” for more than a month hasn’t worked since 2015. It used to be that you could sell in May and return in October and not miss much. But that hasn’t been the case for several years now. Maybe it will return this year because we have an intermediate-term market cycle that is due, which we will discuss at length in the monthly MMA Cycles Report that comes out this week, and the “Mid-Year Market Review” webinar that will take place May 22 (see “Announcements” below).

Instead, global stock indices were up last week, with several (but not all) reaching new all-time or new multi-year highs. It’s this kind of gravity-defying behavior that inspires many new investors and traders to jump on board now with romantic thoughts (Neptune is still in Pisces) of becoming instantly wealthy. In modern day lingo, it’s FOMO time – Fear of Missing Out. Between FOMO and FAANG (Facebook, Amazon, Apple, Netflix, and Google), one could easily suffer from a deadly KISS (Keeping It Simple Stupid) mentality. Navigating market investing or trading is anything but simple. Exciting, yes. But deadly pursuits can be exciting, until they become tragic. Ask any number of the recent GameStop victims.

Last week witnessed new all-time highs in several world equity markets, including the Dow Jones Industrial Average (DJIA), S&P, the Netherlands AEX, and the Australian ASX. Almost all world indices rallied, other than China’s Shanghai Composite.

Gold and Silver had excellent weeks. Gold soared to 1844.60 on Friday, its highest price since mid-February. Similarly, Silver tested 28.00 on Friday for the first time since late February. But once again, the star performers were the grain markets. Corn, Wheat, and Soybeans all continued rallies to new multi-year highs, and in the case of Corn and Soybeans, they are nearing their all-time highs. Currencies were also strong last week as the Euro rallied to its highest level since February, while the U.S. Dollar fell to its lowest mark since the same time. Bitcoin stayed strong, testing 59,000 last week, still a little off its all-time high of 64,900 on April 14. But Ethereum, another popular cryptocurrency, surpassed 3600 on Friday for the first time.

 

Short-term Geocosmics and Longer-term Thoughts

Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending.– Jeff Cox, “Treasury Secretary Yellen Says Rates May Have to Rise Somewhat to Keep Economy from Overheating,” www.cnbc.com, May 4, 2021.

Rising asset prices in the stock market and elsewhere are posing increasing threats to the financial system, the Federal Reserve warned in a report Thursday.– Jeff Cox, “Fed Warns About Potential for ‘Significant Declines’ in Asset Prices as Valuations Climb,” www.cnbc.com, May 6, 2021.

No one can say they weren’t warned. Now, both Treasury Secretary Janet Yellen and members of the Fed floated comments that rates may rise, and assets may soon have a significant decline. That’s how it starts – with the central bank or a member of the administration dropping the idea as “just a possibility.” It’s coming, and everyone is now forewarned. But with Friday’s unexpectedly weak jobs report, maybe that rate increase idea will be stalled for at least another month. Jupiter moving into Pisces this week would support that view. As it moves into Pisces, it will form a trine to Pluto, and a sextile to the Sun, in the founding chart of the Federal Reserve Board (December 23, 1913). These are considered “soft,” or harmonious aspects, and when Jupiter is involved, the Fed tends to be accommodative, not restrictive.

In the study of astrology, we call the movement of a planet from one sign to the next an “ingress.” Jupiter will ingress from Aquarius to Pisces this week, May 13-July 28. Ingresses correspond to a change of collective psychology regarding the principles of that planet and the signs involved. Jupiter’s main principle is one of exaggeration, expansion, growth, and optimism. Aquarius is the sign of humanitarianism, space, technology, and innovation. In Aquarius, Jupiter provides a large, optimistic, and exciting vision about the future of humanity, especially as it involves technology or outer space.

The sign of Pisces is also imaginative, but more emotional and intuitive (some might even say spiritual) than inventive or intellectual. As a water sign, and thus pertaining to emotions, the ingress of Jupiter implies a more emotionally-driven collective psychology. It covers the whole spectrum from “irrational exuberance” to hysteria and panic.

Intermediate and long-term market cycles tend to form when Jupiter is in mutable signs. Pisces is one of the four mutable signs, and probably the most prone to market reversals of all the changeable, mutable signs. This is especially true with equities, metals (more Silver than Gold) and Crude Oil. If a financial market is making a new multi-month high then, it usually stops and reverses sharply down. If instead a market is falling hard to a multi-month low, it can qualify as a long- or intermediate-term cycle trough and then reverse upwards.

It is possible to see both types of cycles (crest and trough) unfold in this period, especially as Saturn will also make its second passage in its waning square aspect to Uranus on June 14. Very sharp but possibly short-lasting price changes tend to happen then. Remember: the first passage of February 17, 2021, coincided with the multi-year highs in several world stock indices, especially in Asia. The next passage might be equally as important.

Danger and Opportunity. That’s the nature of Saturn and Uranus combined with Jupiter in Pisces. We remain vigilant for the Saturn/Uranus square to possibly manifest as a stock market crash. It has done so in every alternate instance of its 45-year cycle (1930-31, 1839-40). So far, however, stocks keep rising to new heights and investors experience the conflict between staying in and continuing to register gains, or exiting for fear that at some point, soon, the valuations will just be too high to sustain further rallies and markets will fall hard, causing enormous financial pain if they don’t lock in profits while they can.

It’s the oldest market conflict of all: greed versus fear, Jupiter versus Saturn. And until this week, May 13, they have been in the same sign, Aquarius, since the winter solstice of December 21, 2020. This has been a very bullish period. Now Jupiter will ingress into Pisces, a mutable sign, May 13-July 28. Here is where markets likely experience greater extremes. With mutable signs, the highs and lows are often exaggerated, both in terms of market prices and the psychological mood of the collective.

Everyone will have the opportunity to enjoy life to a greater degree these next few weeks. This can be a party aspect, a love fest, and one of renewed joy socializing with others after such a long period of stress and isolation. It can also be a time of heightened romantic impulses. However, remember what happens if you party too hard, take too great of risks, and don’t apply measures of self-discipline. Hangovers and losses can follow. This is also the meaning of Jupiter in Pisces at the same time Saturn squares Uranus.

 

Announcements  

 

The MMA Monthly Cycles Report and its sibling, Dutch SMT Cyclus Nieuwsbrief (including AEX Index) will come out this week. Every issue provides MMA’s outlook for the U.S. stock market (DJIA and S&P futures), Gold and Silver, T-Notes, Euro Currency, Crude Oil, and Soybeans. Each issue also contains MMA’s original geocosmic critical reversal dates (CRDs) and Solar/Lunar reversal dates over the next several weeks for DJIA, Gold, and Silver, along with trading strategies for position traders.If you are not a subscriber to the monthly MMA Cycles Report and wish a copy of our outlook for financial markets, consider a 2 months trial for only € 59. Read more about MMA Cycles Report>> and/or SMT Cyclus Nieuwsbrief >> 

 

 
Meeting & Outlook Financial Markets 2021-2022 and Professional Investing

 

Outlook Financial Markets 2021-2022 and Professional Investing - to be held in NL

Today's Group, based in Hilversum Netherlands and MMA afiliate Schogt Market Timing are planning a meeting for clients of and those interested in the combination of the financial-astrological market analysis method and wealth management. Date (spring-summer) and location (central NL) will be announced as soon as possible.

Interested? Sign up now, it's free and without any obligation. You can register here>>

 

Forecast 2021 webinar

Two More Weeks! MMA’S Financial Markets World Webinar and Forecasts 2021 Update will take place MAY 22, 2021, 12:00 PM MST/ 21:00 CEST

This broadcast will take place on Saturday, May 22, 2021, 3:00 PM EDT (that’s 12:00 PM PDST, 8 PM UK, 9 PM CEDT. 5 AM Tokyo, 6 AM Sydney). This 2.5-hour webinar will give an intermediate-term update on several financial markets that were covered in the Forecast 2021 Book, including the U.S. stock market, Gold, Silver, Crude Oil, the Euro currency, and Bitcoin. This will be an especially timely presentation because 1) the 12-year Jupiter orbital cycle will be making its first entrance into Pisces on May 13, and 2) May 3-July 9 has been highlighted as one of the more probable times in 2021 for an intermediate-term (and possibly long-term) trend reversal in several financial markets, including world stock indices. There will be a Q&A with attendees during this webinar. Read more here>>>>

MMA Analyst CAPS Asset Management Advisor  Irma Schogt

 

Cycles Analysis & Planetary Correlations Strategy

Professional Asset Management in Netherlands is using views of MMA Analysts, based on the market timing method of course. Read more>>

 

 

 

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.

Bookmark and Share