Weekly Finstrology Update for November 20: Active Holiday Trading Week
All times Eastern.
Despite the Thanksgiving holiday this week that can be expected to dampen trading volume and activity, the market-moving news and planets are not taking a break.
As the week begins, the planets provide power with the sun in Scorpio conjunct Mars, one of the sign’s co-rulers, and sextile Pluto, the other co-ruler. Watch for a high in the Nasdaq-100 on Monday as the sun and Mars conjoin first-trade Saturn while Mercury conjoins natal Uranus and Venus trines the sun.
On Tuesday, traders will be parsing the minutes released at 2 p.m. from the Fed’s meeting of October 31-November 1 to eke out insights not only into why it chose to hold interest rates steady but also why or why not it might raise rates again or start to cut rates.
Whatever Tuesday afternoon’s market reaction is to the Fed minutes, be on the lookout for a change in sentiment on Wednesday. That’s because the sun enters Sagittarius at 9:03 a.m., just before the opening bell in New York, and marks the two-thirds point in the astrological year beginning at the spring equinox. Legendary trader W.D. Gann considered this one of 10 days each year that could produce a change in trend.
Note that the U.S. stock market will be closed for Thanksgiving, then open again on Friday for a shortened session closing at 1 p.m. Still, the S&P 500 could make a low that day as the sun and Mars — now both in Sagittarius since Mars made its entry at 5:15 a.m. — make a tight square to the market’s first-trade Mercury and Venus while Saturn is conjunct. Also, transiting Venus opposes the market’s natal moon, with Mercury trine. In addition, the sun is separating from its exact square with Saturn on Thanksgiving, which creates pressure. Look for support near 4450.
Over the weekend, be on alert for news out of the OPEC meeting in Vienna on Sunday, November 26, that could affect the energy markets.
Markets on the Move
M Macy’s Inc.
It wouldn’t be Thanksgiving without the Macy’s Parade that has traveled New York City streets to Herald Square since 1924, when the sponsoring department store became the largest of its kind in the world.
The company began business on October 17, 1858, as R.H. Macy & Co., later offering its stock to the public on August 16, 1922. Its current ticker symbol and name went into effect on June 1, 2007. However, that was due to a name change in the company that had previously bought Macy’s, Federated Department Stores, Inc.
Federated came out of bankruptcy and listed its stock on February 5, 1992, at 12 p.m., according to the New York Times. The long-term price data currently shown for Macy’s stock goes back to 1992, so that would be the chart to watch for potential price movements, not the one from the rebranding in 2007.
Look for a low on November 21 as three planets make aspects to the first-trade sun while Venus is partile square its natal placement. A high could appear on December 5 as the moon and Uranus form a grand trine with a stellium of natal Capricorn planets (Venus, Uranus, Neptune, Mars) while the sun and Mars square the first-trade moon and sextile natal sun, Mercury and Saturn.
In 2024, prices could get a big boost on January 29 when Mars and Mercury conjoin first-trade Mars while the moon and Uranus form a grand trine with natal Mars and Venus conjoins its natal position. Watch the market closely next year from April 25 through June 1, when transiting Jupiter and Uranus make exact conjunctions to the stock’s ascendant and exact oppositions to its natal Pluto. Previous important highs and lows have shown conjunctions with Pluto and the descendant rather than oppositions, but both outer planets on the angles simultaneously could be significant.
- Soybeans Low on Wednesday, November 22 — Both important axes in the market’s first-trade chart are activated to the degree today. Mercury is conjunct the Jupiter/moon axis at 18 Sagittarius/Gemini, while Jupiter is conjunct the Uranus/Venus axis at 08 Taurus. Additionally, the sun/Mars and moon form a grand trine with natal Pluto. Support in January futures could appear at $13.38 per bu.
- Euro FX High on Friday, November 24 — Transiting Jupiter exactly conjoins first-trade Mercury, while Venus opposes its natal position to the degree. Resistance could appear at 1.0980, basis December 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.