Next Friday’s new moon will affect gold, crude oil and 10-year T-notes, reports Susan Gidel.

The New Moon in Aquarius, on Friday, Jan. 24, is the biggest astrological news of the week for the markets as it directly affects the first-trade horoscope charts for crude oil, gold and 10-year Treasury note futures. In the sky, the Sun and Moon are in a 90-degree square relationship with Uranus. Thus, any New Moon intentions about birthing new ideas or new technologies will be difficult.

In other astrological news, the Sun moves into the sign of Aquarius on Monday’s trading holiday at 9:55 a.m. EST. This is one of the Sun’s least favorite zodiacal signs. When trading starts up again on Tuesday, trading action could not mean much in the long run because the Moon is not connected by aspect to any other planet in the sky throughout the trading day.

Thursday, Jan. 23

  • Low in S&P 500: Lows in the stock market have occurred when planets in the sky are opposite the positions of Uranus and Neptune in the market’s launch horoscope. On Jan. 23, the transiting Sun is exactly opposite natal Uranus while transiting Uranus is exactly opposite natal Neptune. In addition, transiting Venus is conjunct the natal Sun, another common transit at lows. Look for support at planetary price conversion levels of 3256, then 3213-3223.

Friday, Jan 24.

  • Low in Crude Oil: The New Moon in Aquarius and transiting Uranus create a T-square formation with the market’s first-trade Moon/Saturn conjunction. Two other 90-degree aspects are present as well: (1) Jupiter square natal Sun and Mercury; and (2) Venus square natal Jupiter and Uranus. Squares bring tension and discomfort, pointing to a day of back-and-forth price-finding. In the March contract, expect solid support at $57.20 per barrel, then $56.80, based on planetary price conversion levels. The next lower such support is at $50.80.
  • High in Gold: The two benefic planets, Jupiter and Venus, are connected with planets in the market’s first-trade chart associated with highs. Transiting Jupiter remains conjunct both the Sun and Mercury; transiting Venus is exactly conjunct natal Jupiter. As a trigger, transiting Mars is exactly conjunct first-trade Mars. In the front-month contract, look for resistance at $1,573 to $1,581 per oz., then $1,629. 
  • Low in 10-year Treasury note: Two indicators of an important low occur on Jan. 24 for 10-year Treasury notes. First, the New Moon in Aquarius forms a Grand Trine with the positions of Mercury and Mars in the market’s first-trade horoscope. Second, transiting Jupiter is exactly at a 120-degree angle to the market’s first-trade Sun. In the March contract, expect solid support at the planetary price conversion level of 128-05.

Last Week’s Scorecard (through Thursday’s close)

Bullseye!

  • High in Gold on Friday, Jan. 10: February gold hit a high of $1,564.10 per oz., which was challenged but held the next trading day. Prices fell nearly $28 to a low of $1536.40 by Tuesday, Jan. 14. 

Pretty Darn Good

  • Low in Crude Oil on Monday, Jan. 13: Although the actual price low of $57.42 per barrel came two days later, on Jan. 15, it was just above the important planetary price support level of $57.20.
  • High in Gold on Monday, Jan. 13: March prices challenged the previous Friday’s high of $1,564.10 per oz., with one just $1 lower. Then, prices fell to $1,536.40 on Jan. 14, a decline of more than $26 over two days of trading. 
  • High in Soybeans on Tuesday, Jan. 14: March beans topped just one penny below Monday’s high of $9.49 ½ per bu., right at the planetary price resistance level of $9.50. By Thursday, March beans had fallen to a low of $9.22.
  • High in Euro FX on Wednesday, Jan. 15: The March contract hit a high of 1.12125 the following day, Thursday, Jan. 16.

Off the Mark

  • High in S&P 500 on Monday, Jan. 13: The S&P 500 did make a new record high on this day, but it was off the mark as a turning point because the market rallied 24 points and set three more record highs over the following three days!
  • High in 10-year Treasury note on Monday, Jan. 13: March contract prices were not near an extreme, but in between a low of 128-175 on Jan. 9 and a high of 129-140 on both Jan. 15 and 16.

The position of planets in the sky as they relate to their positions when a market first began trading can provide clues to potential trend changes. The energy is strongest on the days noted in this post, but it is not unusual for the effect to be seen a day or two either side. See backgrounder “Market Analysis with Astrology” for further information. 
Susan Gidel is editor of the Red Letter Trading Days newsletter.