Weekly Finstrology Update for August 14: Positive New Direction
Indeed, the S&P 500 could make a high on Monday, August 14 as first-trade Mars receives a square from the sun and Venus as well as a trine from Mars and Mercury. In addition, the moon is conjunct the market’s sensitive natal Uranus. Look for any rally to hit resistance between 4565 and 4575.
Wednesday’s new moon in Leo is square to financial disrupter Uranus in Taurus, so could put needed energy behind breaking free to try bold, new tactics. That is emphasized by a trine from Mars in helpful Virgo to Uranus that makes it easy to take the intentions inspired by the new moon.
Thus, look for new tidbits of insight about the Fed’s plans to reduce inflation and keep employment strong when it releases minutes of its late July meeting on Wednesday at 2:00 pm. At that meeting, it raised interest rates by 0.25%, after a one-month pause in June.
Markets on the Move
ZM | Zoom Video Communications
Even Zoom, maker of the indispensable online meeting software during the Covid pandemic era, has now joined the return-to-office movement that favors in-person meetings. It will now require employees within a 50-mile radius of a physical office to be in that office two days per week.
Zoom incorporated on April 21, 2011 and listed its stock on April 18, 2019 when the sun in Aries and Uranus in Taurus were conjunct the company’s sun at 01 Taurus. For an online services company, it was ideal to have the stock’s Mercury conjunct the company’s Venus and Uranus in Aries.
The stock’s Jupiter is partile conjunct the company’s moon, revealing tremendous popularity for the stock, which rallied to a record high of $588.84 in October 2020 after making a low at $108.53 in April 2020. For the last year, though, ZM has traded in a range between $60 and $90, almost reaching its all-time low of $59.94 from 2019.
Look for a potential low on August 21 when three planets aspect the stock’s natal sun—moon in opposition, sun trine and Pluto square. Another low could occur on October 6 when Mars trines the stock’s natal sun, with Venus trining it. Also that day, the sun conjoins the stock’s moon and trines Mars while transiting Mercury opposes its natal position.
For highs, look to September 6 when Mars receives aspects from four planets—sun and Mercury square, moon conjunct and Venus sextile. Another high could be possible on October 20, when the sun and Mercury are opposite the stock’s natal sun, with Mars opposite natal Uranus and Venus square natal Mars. The stock made its record high on October 19, 2020 when the sun opposed its natal position; however, it made low with that same aspect on October 23, 2019.
- Bitcoin Low on Monday, August 14—Mars and Mercury are aligned with first-trade Saturn while the moon is conjunct its natal position and opposite Mercury, a sensitive axis at market turns. The $28,690 area could provide significant support.
- Gold Low on Tuesday, August 15—Mars, Mercury and Uranus form a grand trine with gold’s first-trade Venus. Meanwhile the sun, moon and Venus trine are aligned with the natal moon and trine natal Mars. In December futures, look for solid support near $1933 per oz.
- Crude Oil Low on Wednesday, August 16—The sun, moon and Venus form a grand trine with the market’s natal Mars and Neptune, with transiting Jupiter conjunct natal Venus. Look for support near $80.30 in October futures.
- Soybeans High on Wednesday, August 16—The sun, moon and Venus trine natal Jupiter and are sextile to the natal moon. Mars and Mercury are square to this same Jupiter/moon axis. In November futures, a target area could be near $13.75 per bu., with resistance near $13.40
All times Eastern
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.