ASTRO-FINANCE OCTOBER 2024
By Barry Rosen
October starts off with some rumbling but then calms down and softens into mid-month. Saturn/Ketu and Mars are conjunct in the D9 chart from September 30-October 3 building up internal anger and aggression and fighting that could explode into violence. Given the state of Russia/Ukraine and Lebanon/Israel and current diplomatic undercurrents, it seems a tense way to start the month. Mars at least gets a lift from Jupiter as Mars entered Purnavasu nakshatra on September 30 and that at least offers more positive energy. Already Iran is threatening with missiles against Israel and the US is sending in more troops.
The Solar Eclipse is at 17 Virgo on October 2 and is not visible in North America, but it is impacting heavily South America, Chile, and Argentina. Those countries are a political mess already and are likely to be stirred up more. Still, solar eclipses often lead to a changing of the guard in leadership and does that mean Kamala will have more problems? Lately these days, it’s not about who is in power but who counts the vote. Maduro’s surprise win in Venezuela sparked huge protests that led to mass arrests. Those in power do not want to give it up easily. Eclipses have a six-month impact, and we worry about post-election dramas in November and December and even through the inauguration.
On October 3, Saturn finally moves out of Aries navamsha and retrogrades into Pisces navamsha diminishing tensions and stress from the last two months and this goes through much of the end of the year until December 20.
Jupiter goes stationary retrograde on October 9 in late Taurus until February 4, and this blocks marketing expansion but can create great positive inner wisdom and joy. This can fuel a lack of economic expansion and will show up in fourth-quarter economic data by January 2025.
The bond market seems to suggest recessionary energies coming as the Federal Reserve is already thinking of one to two more rate cuts in the fourth quarter and our projections on TLT, the ETF for lower rates for the 20-year bond suggests a move to 108 even if we get a fall for another one to two weeks.
Pluto goes stationary direct on October 11 at 5 degrees 26 Capricorn bringing new power and government overreach in Capricorn and it starts moving back toward the US Natal Pluto into the late fall to ignite the transformation of the United States with the Pluto return. Mars will oppose Pluto from Cancer to Capricorn on November 3 increasing election tensions, anger, and potential violence, and with Mars retrograde this year starting in December it will hit Pluto two more times.
The best news of the month is Jupiter’s trining the Sun from Taurus to Virgo on October 13 increasing optimism and joy. A full Moon in late Pisces on October 17 brings an optimistic surge of love and fullness to the troubles of early October. The earliest peak for the stock market could be around October 17 although it might hang up a week later.
Sun enters Libra on October 17 and moves toward the exact point of debilitation into October 27. Usually, the first six days of Sun in Libra are not difficult as it is in Mars’s nakshatra of Chitra and still has some power. It is when it goes into Swati Nakshatra on October 23 that it has its most difficult time when depression and low self-esteem have to be fought with positive self-talk and other remedies. This is also a low for the year for leadership and we seem to have a huge problem already with leadership around the world and politicians who are corrupt and do not make decisions for the benefit of the people.
Mars moves into Cancer on October 20 and spends a long time here due to its retrograde movement from December 6-February 23 and it goes back into Gemini for a bit and gets back to 22 degrees Gemini. It does not get out of Cancer until June 5. Mars in Cancer is not as bad as people fear as weak malefics cause fewer problems as Mars is like a declawed cat that hisses but does not do much damage. Still, Mars governs the adrenals for everyone and ego and these get out of balance and many months of fatigue may come if you are prone to that. I find that many markets including the stock market lose energy to move forward and end up in sideways congestive patterns for a long time.
Crude oil hit a bottom in September and prices look higher into June 2025 and this is not going to help inflation. Chinese stimulus will spur demand for oil and continued Middle East tensions which are likely to expand into Yemen also are not a good sign.
The x-factor is always the Middle East and we think that will have a longer-term impact and take crude oil up to 112.00 next year. Jupiter in Taurus is positive for oil.
Inflation cycles will continue to cause problems over the next two to four years but recession energies will creep in also. Neptune in Pisces is too strong for inflation and the Middle East is a powder keg and 112 oil next year is not hard to negate even if recessionary fears and realities pull oil down into September. Eventually, I think a 70’s type stagflation is coming. Key stocks will ignore recession worries and there are always some of those but you have to know when to buy and you have to choose carefully.
Mars in Gemini until October 20 can stir up verbal fighting and we have the Vice-Presidential debate going on October 1. Kamala has a Libra Sun which is not great for leadership or confidence and her Mercury is Atmakarka which means major lessons around communications. No wonder she has lost 90% of her White House Staff over the last three and one-half years and her press conferences are word salads.
We are still not going to predict the election because it stirs up too much division in our country and you can be sure that neither side will be happy with the results and it will be a long late fall and early winter. Whoever wins in November, no one will accept the results and continued distrust in the stability of the US will take the dollar and bonds lower. The dollar is about to issue a major sell signal and has cycle lows into 2025 and 2026 and one of the big economic stories is going to be the collapse of the dollar whether over leadership, 35 trillion in debts, or the coming recession.
STOCK MARKET:
The market is healthy above S & P Cash 5611-5615 on pullbacks. There is reason for short-term traders to bank profits as a pullback into the first week of October will come.
The market is setting up for a pullback and on S & P cash it looks like 5605 or 5555.
Given more free punch for November after the election and seasonal buying for stocks in October we have to assume the more extended upper patterns to NQ 21200 have a chance this fall. The pullback we are looking for may not be significant.
The cash market is going to have to go through 5610 and 5590 on cash to even trigger a minor fall of significance and that might be at most 5400.
The biggest period of weakness is September 29 into October 3 at the moment. The market looks strongly higher into October 8-9 during the Jupiter station so the October buying splurge will come if there is no technical breakdown or geopolitical event. We have to complete detailed cycles for the rest of the month of October but for now we will assume they are friendly into the week of October 20 at least and then we will get a pre-election pause.
BIGGER PICTURE:
For sure we are looking at S & P cash 5860 or even cash 5959 or maximum 6009. The market is not going down and we have more rate cuts coming in November and December.
The DOW Transports are often a leader and gave the first sell signal for the broader market, but DOW cash would look better at 42600 and hit 42223 in the continuous market on Monday night. Dow Futures trading 367 points above cash. Still, DOW futures patterns could get to 45369 if the S & P reaches up to 6000 on cash later in the year.
We are approaching the seasonal buying window in October, and we do not see any major weakness in October until the week of October 21 even if we get a minor pullback from into October 3-4. We do not have the signal and that really will not come until S & P cash 5315 comes out.
LARGER PICTURE:
Macro reflections: Goldman is estimating that if Harris wins, we will have a 44% decline in the US stock market over the next few years. If Trump wins, patterns are stretched and it’s hard to expect that the market can take out 6000. No one is counting on a quick result with seven swing states and 100,000 voters probably deciding the election at this point.
We have noted that a weekly chart close under 4950 would end the bull market that started in the year 1932. Even under cash 5315 would start looking bad.
GOLD and SILVER:
We have been looking for a peak in gold at 2690 on futures and 3303 on silver futures and both have come in. Gold futures above 2720 would spurt to 2800 and then 3025 and those upper numbers are inevitable and could be sooner with tensions in the Middle East. Normal cycles would suggest a pullback now.
Cycles for October are weak and often we get seven-week corrections, and we have often seen pullbacks happen into early November so that would suggest a cycle low as late as the election. That would be in a 3-wave correction, and it looks like October 17-27 is up. We had originally postulated that a fall to 2440 could even happen. If the market goes to upper levels, we could see 2480 only. The next rally from 2440 would go to 2925 and that might be into a seasonal high into January. If the market is very strong, it would hold 2620 on pullbacks the first week of October and then take off. Overall we see higher prices over the coming years and buying pullbacks will be important. Silver breaking above 3360 would project 3950 and 4250 quickly.
We had been looking for an October pullback low that could be ugly and get as low as 2440 for gold and often gold is not happy with Sun in Libra which starts on October 17. Longer-term outlooks for gold are good over the coming years with the weak outlook for the dollar into 2025-2026.
You can play gold with ETFs like SLV, GLD, and GDX (Gold Miners) and we cover them in our newsletter.
Gold could accelerate in a crisis to 2800 into the year 2025 and projects higher prices eventually. Stay on top of our daily forecasts with Fortucast.com newsletters.
CRYPTOS:
We hit the 66000 area. First support into the first week of October is 60000. If we are wrong and get major acceleration, we are looking at 76860. Cycle lows are due into late October but we will have to take it day by day.
OVERALL:
Reminds one that you have to buy key numbers and when we got close to 53000, that was it. We had mentioned that target in our September forecast. Not sure on the bigger picture but assuming it will hold into early next week.
LONGER-TERM:
Eventually, we have to move beyond our microanalysis and remember that the larger cycle highs go into 2026.
EVENTUALLY:
Fund managers are projecting 200,000k Bitcoin on the news into next year but we have seen these wild assertions before. Still, our larger cycles are friendly into 2026. Still, our larger cycles are friendly into 2026 with Bitcoin in a Jupiter/Rahu period until 2026.
Remember to work with your broker. Trading and investing have to be done both technically and astrology can help but should not be the only factor in making a decision. You have to buy low and sell high.
STAY IN TOUCH WITH MY DAILY THINKING ABOUT THE MARKETS AND THE STARS:
As always, this is my snapshot though for September 30, 2024. New information comes in daily. If you are a trader or investor, consider my Fortucast newsletters which are published daily at www.fortucast.com. A trial subscription is 97.00/month. If you want to learn financial astrology visit my website at www.appliedvedicastrology.com and click on the Financial Astrology link.
NEW FALL COURSE IN INVESTMENT, BUSINESS AND FINANCIAL ASTROLOGY STARTING IN OCTOBER!
Live weekly classes on Thursdays at 2 pm CDT online. Always pre-recorded for replay Details forthcoming. If you want more information, email barry2@fortucast.com.
ABOUT BARRY ROSEN: Barry Rosen has been teaching classes in Investment Astrology since 1990 and began teaching the other aspects of Vedic astrology specialized courses online in 2017, including Dashas, Transits, Personal Finance, Health, Longevity, and Death, Nakshatras, The Spiritual Dimensions of Vedic Astrology, Secrets of the Houses, Relationships and many more. In his consultations, he focuses more on the emotional and mental patterns in the chart and their impact on consciousness which can create waves of illusion blocking you. A good consultation should help you witness the play of karma so that you are not gripped by it; you can transcend it and realize your Divinity, becoming the commander of the planets and not the victim. Barry Rosen also operates a blog on Facebook under Barry Rosen and Astro-Yoga and his professional astrological website is www.appliedvedicastrology.com. He can be reached at support@appliedvedicastrology.com.
Source: ASTRO BLOG Archives – Applied Vedic Astrology – www.appliedvedicastrology.com
