Financial / stock market this week – Feb 11
Bear ruled the week. The biggest decline of last week took place near solar eclipse. Last week I wrote “On February 7, we have solar eclipse in air sign of Aquarius. Uranus (ruler of Aquarius, planet of surprise) will make great aspect with Venus (stocks). Technology stocks could surprise people near this time”. Technology stocks could make decisive move near March 7, new moon.
In monthly “money horoscope”, I wrote about precious metals price movement near January 30. Gold touched $930 and moved down till $890. Same happened with other precious metals.
For this week, the most important signature is the Sun-Neptune conjunction of February 11. Thus we may see the end of many market retracements during this period.
Another important aspect is lunar eclipse of February 21 which is happening in close conjunction with Saturn. Rate sensitive sectors could really see ground near this time. Concerns for future will be felt all across the markets. Four planets (Venus (Gold, stock), Pluto (passion), Jupiter (expansion) and Saturn (contraction) are in practical signs. It indicates caution and practical approach in market by investors. Eclipse also indicates emotional high point.
Mercury (planet of communication, stocks) is in retrograde motion currently. It indicates directionless and range bound motion of stocks. There may be rumors in market. Crosscheck the information before reacting.
In conclusion, some Asian markets will react to peers melt down on Monday as they did not participate due to their holiday period. Sun- Neptune conjunction of February 11 will give some hope for bulls this week. No major geocosmic signature this week also indicates consolidation period. Next week’s eclipse could again fuel the sell-off in market near February 21.
