A message from a great American. The message would apply to
both sides.
"Statesmen will
invent cheap lies, putting blame upon the nation that is attacked, and every
man will be glad of those conscience-soothing falsities, and will diligently
study them, and refuse to examine any refutations of them; and thus he will by
and by convince himself that the war is just, and will thank God for the better
sleep he enjoys after this process of grotesque self-deception."
-- Mark Twain
-- Mark Twain
Mars is still in orb for this Grand Square although I must admit I was
expecting something more dramatic last week for the markets. The Ukraine
situation didn't disappoint nor did the increase in significant earthquake
activity; however, market moves were not really significant. I'll add "so
far".
As mentioned in the last post there are more upcoming
trouble spots, first with the Solar eclipse which is negative and in a money
sign in Taurus, this week. Then
Venus will be translating the Grand Square in mid-May, Venus rules money and
resources amongst other things. Subs have the dates.
After these planets separate, there is still a T-square.
Mars has been retrograde (moving backwards as seen from earth) it turns direct
in May and forms a T-square with Uranus
and Pluto in June. The last T-square had Uranus as the focal planet. This
T-Square has powerful Pluto in Capricorn as the focal planet signifying changes that can't be undone. Pluto in Capricorn is all about power and money or said another way about the powerful and moneyed. Changes to the powerful can involve gaining more power but could equally mean a removal or end of power. Leaders beware. Pluto in Capricorn can manifest as disclosure of some type of cover-up as Pluto is all about deep, dark secrets. It moves so slowly it can be some time before the secret comes out.
This week is the 12th
week of the Primary cycle in the SP500. I'm expecting some volatility with the FED working behind
the scenes to prop the markets up. We should see initial support around 1850-1856. If this area is broken on
strong volume a trip to the 1833
area is quite possible. I'm looking for a spike low and then up. This week
should be very volatile particularly the Nasdaq.
The following chart shows prices falling away from the 50%
Fan line which has acted as resistance since mid - 2011. The Fan started on
March 6, 2009, the bottom of the 2008-2009 slide.
The Pluto price line (blue line at the top of the chart) has
continued to offer resistance.
I guess I would question who is buying at this point.
Based on Bloomberg's Smart Money Flow indicator
Gold
Gold is in either the 17th
week or 1st week of the Primary cycle. If it is the 1st week, and I believe
it is, it should be generally bullish for 4-7 weeks. Of course we have a
potential conflict going on. This must be taken into consideration.
Gold often goes down after the Pluto retrograde (April 14)
and then a short term up move into the Sun trine Pluto (May 3).
Crude
Crude is in the 16th
week of it's Primary cycle and appears headed down to a trough.
Keep in mind that war rumors continue which can quickly
effect commodities and crude in particular. Also keep in mind we are in the
historical seasonal strength period as inventories are built for the summer
driving period.
That said I'm looking for a trough around May 14 (Jupiter trine Chiron) or around
May 24 (Jupiter trine Saturn). Those
dates would be the potential Primary cycle trough dates. Look for support
around 100 then 98.20.
US$
We are also coming up to a 18 month cycle low in the US $
around mid-May 2014 as seen on the following weekly chart.. This could be a few weeks either side.