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Market Preview for the week beginning September 24, 2018

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Market Preview for the week beginning September 24, 2018

Market Preview for the week beginning September 24, 2018

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Review and Preview 

The Dow Jones Industrial Average surged to an all-time high on Thursday, surpassing its January high, but a third of its components still remain in a correction. Even as the blue-chip index nears its all-time high hit in January, 10 of its members are trading in a correction, or 10 percent below recent highs. – Rebecca Ungarino, “The Dow Just Hit a Record, But a Number of Stocks Are Still in a Correction,” www.cnbc.com, September 20, 2018.

… investors are gearing up for next week's Federal Open Market Committee (FOMC) meeting. Though central bankers are widely expected to hike the federal funds rate during the meeting, markets will be looking past this month's decision and toward the direction the Fed will chart ahead. A quarter-point bump to the Fed's benchmark rate is already factored into investor forecasts. The hike will push the funds target to 2 percent to 2.25 percent, where it last was more than 10 years ago. Members of the FOMC are grappling over how much more monetary tightening is necessary to keep the economy (and inflation) healthy. – Thomas Franck, Alexandra Gibbs, “U.S. Treasury Yields Hold Steady Ahead of Fed Rate Decision,” , September 21, 2018.

World stock markets were mostly sharply higher last week, following the completion of the Venus-Mars-Uranus T-square of September 12-18. Many of these markets started their rallies following lows associated with Saturn changing directions on Thursday, September 6, with some exhibiting intermarket bullish divergence signals from slightly lower lows in our September 10-12 three-star critical reversal date (CRD) zone. But, consistent with the nature of Uranus, the rallies turned into upside breakouts after the last passage of Mars square Uranus on September 18.

Some markets in the Americas (both North and South), exploded to new all-time highs, including the S&P and Dow Jones Industrial Average, along with the Merval Index of Argentina. In fact, despite all the attention given to the DJIA’s new all-time high, the much bigger story was (or should be) Argentina’s stock market, which roared to a new all-time high of 38,726 on Friday, September 21. On August 28, as Mars turned direct, the Merval was making a new 11-month low at 27,060. That’s an impressive gain of 43% in slightly more than 3 weeks. By comparison, the DJIA’s gain has been only 7.2% following its half-primary cycle low on August 15, despite 1/3 of the companies that make up the DJIA still being in correction territory.

Another stock index making stellar gains last week was noted in the Japanese Nikkei, which is suddenly testing its 26-year high made on January 23 at 24,129. On Friday, September 21, it was back up to 23,971. China’s Shanghai Composite bounced back nicely to a new monthly high on Friday, after making a 2-year low just three days earlier on September 18, the day of the third and final Mars/Uranus square. Maybe these trade disputes between the USA and China aren’t so wicked after all. Or maybe the markets are anticipating what geocosmic signatures have been suggesting all along. That is, Jupiter will soon enter Sagittarius for one year November 8, 2018-December 2, 2019, and both the planet and its ruling sign rule world trade. This combination indicates the possibility of a new era, and an explosive increase, in world trade. Yet, such an explosive reaction can create new problems, such as an overheated world economy and inflation.

The breakout nature of Mars/Uranus ending its last square aspect on September 18 was also noted in live cattle and currency markets. On May 15, 2018, Uranus entered Taurus for the first time since the 1930’s. On May 17, 2018, live cattle were trading at 101.37, their lowest level since 2016. Last week, they were trading up to 113.97, a gain of 12.4% so far. That’s a fairly big move for this market. Not as much as Argentina’s stock market (a country also known for its cattle), but impressive nevertheless from a geocosmic point (and that, after all, is the point of this column). Taurus rules cattle. Its symbol is the bull, which is related. As discussed in the Forecast 2018 Book, this is a market that could explode in the next 2-4 years. It looks like it has started.

Taurus also rules currencies, like the U.S. Dollar. The greenback broke the neckline of a head and shoulders formation last week (thank you, technical analyst Charlie Head, for pointing that out), and then plunged to a new two-month low. In reaction, the Euro currency rallied to a new two-month high.

In other markets, Gold and Silver are still range bound, but holding their lows of August 16 and September 11 respectively, continuing the intermarket bullish divergence pattern from MMA’s three-star critical reversal date (CRD) period of September 10-12. Crude oil also posted a two-month high on September 20 at 71.81.

 

Short-Term Geocosmics and Longer-Term Mundane Thoughts 

The Uranus aspects may be over, but the effects are still very much present. Furthermore, new geocosmic signatures loom ahead shortly that could yet pertain to a reversal in world stock indices. In light of the fact that 1/3 of the stocks in the DJIA are not making new highs, whereas the index itself is making new highs (but without the NASDAQ), there is danger that investors are becoming more complacent, when instead they should be more vigilant.

Let’s look at some geocosmic factors that a Financial Astrologer and market timer may be considering, with the help of research studies reported in “The Ultimate Book on Stock Market Timing, Volume 3: Geocosmic Correlations to Trading Cycles.” On September 18, as discussed throughout this week’s column, Mars formed its third and final passage of a square aspect to Uranus. According to Volume 3, that is a Level 1 (strongest rating) aspect, with a 77% correlation to primary cycles within an orb of 13 trading days. This time band for a primary cycle is in force until October 5. On Tuesday, September 25, the Sun will square Saturn, another Level 1 signature with a 69% correlation to primary cycles within 11 trading days. Following this will be Venus turning retrograde on October 5, an even more impressive Level 1 signature than the other two, with a 78% correlation to primary cycles within 12 trading days. You can do the math, and when you do, you will see that the time bands for all three overlap September 25-October 5.

This is how we work. This is how we apply our market timing skills. When cycle studies and technical studies are combined with this approach, we are often able to make uncannily accurate market calls. It enables us to develop trading strategies for our daily and weekly subscribers. It sounds so easy. Yet it is probably one of the most challenging tasks imaginable to actually pick a time AND a price to enter and exit a trade. It is almost as hard as picking a time and a mate to share your life with. But, when you are right, there are few things in life as gratifying as making the right match. And there are few tools that can help one make these choices more accurately than astrology, especially when it is supported by other studies designed to produce the same favorable outcome.

 

 

Announcements

 

Yearly Special is now!

The annual pre-publication specials for next year’s Forecast Book has begun!

This year, the book will be printed in The Netherlands for a faster shipment to all purchasers.
All those who order now, receive discounts for pre ordering the book and newsletters, until November 1, 2018.
Read more>>

 
Special Webinar of MMA on Silver and Soybeans with Kat Powell 

Less than 2 weeks to reserve! MMA's hosting a special webinar on Silver and Soybeans

... led by MMTA graduate and MMA analyst Kat Powell on Thursday, October 4, at 6 PM EDT. Ray Merriman will act as moderator and interviewer for this special event. Powell has proven to be an excellent market analyst on these two markets. In Forecast 2018, written in November 2017, she stated “My bias is that the market may need to re-test support in the range of 800-900 before a substantial rally can begin. The current range for the descending pattern is 842 +/- 43… Venus in Virgo will form a grand trine involving Saturn in Capricorn and Uranus in Taurus at the time of the solar eclipse of July 13.” The low of the year, as of today, was right on July 13 (another CRD zone given in Forecast 2018) at 810. 

Read more>>
 

 

The monthly MMTA International Cycles Report (ICR) will be issued this week. This report is probably the best kept secret for the timing and cyclical analysis of several international markets available today. It is an excellent report, written by several graduates and students of MMA’s unique methodology on market timing, including Mark Shtayerman (San Diego), Izabella Suleymanova (San Diego), Ulric Aspegren (Sweden). Each issue of ICR contains an in-depth analysis of: the XAU index (Gold and Silver Mining stocks), the U.S. Dollar (DXY), British Pound (GBP), Australian Dollar (AUD), the Australian stock index (ASX), the London FTSE stock index, the Russell 2000 U.S. stock index (RUT), Corn (C) and Wheat (W). Read more>>

 

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>>

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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.