Weekly Finstrology Update for April 29: Financial Strength Improves

April 28, 2024

All times Eastern

This week, Venus and Mars each enter signs that they rule, improving the ability for financial matters to move forward with intent. However, each also aspects power-player Pluto as it turns retrograde on Thursday. 

Venus kicks it off before markets open on Monday morning by entering Taurus at 7:31 a.m. Mars enters Aries on Tuesday at 11:33 a.m. Thus, both are in strong shape as the Fed begins its two-day meeting on Tuesday. 

However, the results of that meeting will be announced on Wednesday under a square between Venus and Pluto. So, expect the Fed’s announcement to reflect tension among its committee members on the future course of interest rates.

The Nasdaq-100 could make a high on Wednesday, May 1, when the moon is aligned with its first-trade sun while the sun squares its natal position. The Mars/Neptune conjunction (exact on Monday) in late Pisces is aligned with the market’s first-trade Venus/Mars conjunction, which could zap some of the market’s lift. Look for resistance near 17,520.

Pluto turns retrograde on Thursday at 1:46 p.m. In Aquarius, this signals a time to review technology advances and new ideas. Pluto remains retrograde until November 19, when after its final retrograde in late Capricorn in the fall, it enters Aquarius for the next 20 years. Mars makes a sextile to Pluto early Friday morning, so the week ends with the opportunity to advance a previous tech-oriented idea.

Markets on the Move

X United States Steel

United States Steel was formed on March 2, 1901, with the J.P. Morgan-orchestrated merger of Carnegie Steel, Federal Steel, and National Steel. Its stock began trading on March 28, 1901, and was immediately included in the Dow Jones Industrial Average as of April 1, where it remained for 90 years until its removal on May 3, 1991.

Once the country’s dominant steel producer, U.S. Steel is now number three in the United States and number 27 worldwide. In a deal announced on December 18, 2023, it is to be acquired by Nippon Steel of Japan, the world’s fourth-largest steel maker. Pending political, legal, and shareholder approvals, the deal is expected to close in the second or third quarter of this year. Astrologically, expect news in mid-August when Jupiter and Mars conjoin the company’s (and stock’s) natal Pluto, the planet of transformation, and oppose the company’s natal Uranus, the planet of change and disruption. 

Prices could make highs on May 10 and June 5 as first-trade Mars receives trines from Mercury and Mars, respectively. Look for a low on May 15 when transiting Mars squares first-trade Jupiter and Saturn, with the sun, Venus, Jupiter, and Uranus all square natal Mars. Another low could occur on June 14 when first-trade Venus receives an opposition from the moon and a square from the sun, Mercury, and Venus.

Weekly Highlights

  • Gold Low on Monday, April 29—The sun squares its natal position in the first-trade horoscope as Venus enters its ruling sign of Taurus. In June futures, look for support $10 per oz. either side of $2,300.
  • Soybeans High on Monday, April 29—Watch the market when it opens on Sunday night for Monday’s trade date, as the moon squares the first-trade sun while Mercury is in opposition. The sun aligns with the sensitive first-trade Venus/Uranus opposition. Watch for resistance near $11.92 per bu., basis July futures.
  • 10-yr.-T-note Low on May 2—Venus in its ruling sign of Taurus and Pluto form a grand trine with the market’s first-trade Mars that could spark a powerful upturn, especially with the transiting sun conjunct its natal position. Look for support in the 106-000 area, basis June futures.

All information in this post is merely the personal opinion of the author and not that of Astrology.com or any other person, company, or entity. This information is not to be construed as financial advice, nor relied upon as such. Please contact your broker or financial advisor for trading and investment advice, and use astrological indicators in combination with other trading-decision inputs. Past results are not necessarily indicative of future market behavior.