Weekly Finstrology Update for January 8: Long-Term Picture in Focus

January 6, 2024

All times Eastern.

With the sun, moon, and Mars all in Capricorn starting midweek, the long-term picture comes better into focus after a bumpy start to the week that could be confusing due to Mercury’s square to Neptune late Monday.

The moon enters Capricorn Tuesday night and catches up with the sun for a new moon in that sign at 6:57 a.m. on Thursday, putting the focus on long-term, responsible intentions. Given the trine with Uranus in Taurus, this could concern innovative financial solutions. This energy supports the idea that an SEC-regulation spot bitcoin exchange-traded fund (ETF) could be approved.

Mars, newly in its strongest sign of Capricorn, makes favorable aspects to both Saturn and Jupiter this week. Its sextile to Saturn in Pisces provides the opportunity to do the right thing in humanitarian efforts. Friday’s trine to Jupiter makes it easy to provide increased funding.

The Nasdaq-100 could end the trading week on a high as transiting Venus aligns with its first-trade Uranus/moon opposition and transiting moon conjunct first-trade sun and Mercury. Watch the gap between 16,684 and 16,757 for resistance.

The New York Stock Exchange will be closed on January 15 for Martin Luther King Jr. Day. Futures markets at the CME Group in equities, interest rates, energy, metals, currencies, and cryptocurrencies will open on Sunday at their normal hours for the trade date of January 16, taking a mid-day pause on Monday. Grain futures open as normal on Monday night, with livestock futures reopening on Tuesday morning.

Markets on the Move

PLNT Planet Fitness Inc.

From fancy top hats and confetti wishes at Times Square to television ads featuring Megan Thee Stallion as “Mother Fitness,” Planet Fitness is top of mind as the new year begins as countless individuals make resolutions to hit the gym regularly.

Founded in 1992, the company first registered as an LLC with its home state of New Hampshire on March 16, 2007. Exactly eight years later, it was incorporated in Delaware. The company’s stock began trading just a few months after that, on August 6, 2015. 

Although the stock’s first-trade sun at 13 Leo is partile conjunct the Delaware company’s natal Jupiter, that point appears to take a back seat to the stock’s first-trade angles at significant highs and lows. With a reported first-trade time of 9:58 am, PLNT has the world points — zero degrees of each cardinal sign — on the horoscope chart’s angles (cusps of the first, fourth, seventh, and tenth houses). Lows tend to occur when one of the five inner planets (sun, moon, Mercury, Venus, Mars) is conjunct the ascendant or descendant of the stock’s first-trade chart. Highs tend to occur when those planets are conjunct the midheaven (medium coeli, MC) or imum coeli (IC). Major aspects to the stock’s first-trade sun or Jupiter can occur at either highs or lows.

Potential highs could occur on January 8, 10, or 25 as Mars, Mercury, and Venus are near the stock’s IC at 00 Capricorn. The strongest of these is January 25, when the first-trade moon also receives a conjunction from Jupiter and squares from the sun and moon. 

Prices could make lows as Mercury, the sun, Venus, and Mars approach the descendant at 00 Aries. Watch the following dates: (1) March 8, with Mercury conjunct the descendant and Mars opposite the sun; (2) March 19, with the sun conjunct the descendant and Mars partile opposite Mercury and Venus; (3) April 3, with Venus conjunct the descendant and the sun trine its natal position; and (4) May 3, with Mars conjunct the descendant and the sun partile square its natal position.

Weekly Highlights

  • Gold High on Wednesday, January 10 — Prices could peak as the transiting sun and Uranus form a grand trine with the market’s natal Saturn — all the same degree of the three earth signs. In addition, transiting Venus trines its natal position and is square to first-trade Saturn. Watch the area around $2090 per oz. for resistance in February futures.
  • Bitcoin High on Thursday, January 11 — The new moon conjoins bitcoin’s first-trade sun, while Jupiter squares the natal chart’s important Mercury/moon opposition. The early January high near $45,900 could be a target.
  • Soybeans High on Friday, January 12 — Both important axes in the first-trade horoscope are activated. Transiting Venus is aligned with the Jupiter/moon axis, while transiting Jupiter is aligned with the Uranus/Venus axis. Look for significant resistance at $12.98 per bu. in March 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.