August 29

Sp500
Although potentially very volatile the expectation for the week of Aug 29 is up. There are a number of significant trines, and a fairly wide grand trine. The key date is Tuesday Aug. 30 with Jupiter going retrograde while Venus is trining Jupiter.

After Jupiter turns retrograde, there is always a trine to the Sun within 6 days; and within 6 days before retrograding Jupiter turns direct, there is also a trine to the Sun. Jupiter retrograde is when the things we think we need but aren't really adding to our growth, are somehow removed from our lives. The Jupiter retrograde often doesn’t kick in until after the Sun Trines Jupiter within the 6 day period.

Jupiter Trines the Sun on Sept 2. As this is the holiday weekend look to Sept 6th. This may be a short term peak from which the markets continue their descent.

In addition to the Jupiter and Venus influence there are 4 retro/direct stations within a short period of time.
Aug 26 Mercury direct
Aug 27 Admetos (Uranian point) retrograde
Aug 30 Jupiter retrograde
Aug 31 Cupido (Uranian point) direct.

Retrograde and direct stations often signify periods of change. With so many occurring in a short period of time there may be a very volatile week coming up but with Jupiter and Venus prominent one could expect the week to end higher than it started. If so enjoy it while it last as September may be a continuation of the downward move in the markets.

The red arrow pointing left if the Jupiter retrograde and the light blue circle is the Sun trine Jupiter.











Gold
The Sun trine Pluto on Aug 28 has been a marker for turns in Gold. The Jupiter retro also has marked a change in the Gold trend. Possible tops for Gold are early in the week, possibly Aug 30 or Sept 2 when the Sun trines Jupiter. Keep in mind for Gold to top the US$ needs to show signs of a rally which so far is absent.

On the following daily chart Gold appears to be ready to continue it’s assault of a new high. It is very difficult to pick a top in a blow off type move that Gold is in, but try we must, as that is our purpose here. Consider waiting until Gold breaks the 1750, fib 38.2% retracement before going short. Even if there is a pull back in the next few weeks the dominant trend is up and should continue later in the year or early 2012.











Silver
Since last presented Silver came back down and tested the heliocentric Jupiter price line and would appear to be bouncing. It ended the week on the 50% retracement of the down move from April to early May. The next test is the fib 61.8% which is close to the helio Venus price line. I suspect we will see Silver make it to this area but will not take out the mid-August highs. Look for potential Silver moves around the Sept 2 date or Sept 13-15. Like Gold Silver is in a long term uptrend.












Crude
Like Gold and Silver crude may advance this week with a potential pullback around Sept 2. It could be as early as Aug 30. With the long weekend ahead this may not take effect until the first trading day of the new month Sept 6. As Jupiter is a co-ruler of oil, crude may benefit from the Jupiter transits this week. Crude often makes a high close to the new Moon which is in the evening on August 28. Like stocks, Gold and Silver crude may be volatile with the multiple retro / direct signatures.

As stated in previous posts please allow 3 trading days around any date given in this blog unless otherwise noted.