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ShareWorries over the monsoon cast a pall over markets last week. After some early-week strength, stocks weakened by Friday. While I had been fairly bearish in my near-term outlook, I was expecting more upside last week on the Mercury-Venus aspect.
Monday started out flat but the afternoon did produce the predicted recovery and stocks ended quite a bit higher.As I had anticipated, Tuesday ended down due to some early week negative fallout from Rahu's influence on Mercury.
Thursday's decline was surprising given my forecast for an up day. Interestingly, the market had been rising until the opening of the European trading.
This week will feature an important multi-planet configuration involving the Sun, Mars and Jupiter that comes exact late in the week. The presence of benefic Jupiter in this alignment is likely to provide support to stocks for a good part of the week. Before that, we need to concern ourselves with a potentially damaging aspect between Mars and Saturn on Tuesday. While these two evil planets can weaken markets early in the week, the Moon will be fairly strong in Pisces on both Monday and Tuesday, so that should offset some of the negativity.
Stocks should generally rise as the week progresses, although look for a significant decline either Wednesday or Thursday as the Moon enters the aggressive Aries. Thursday may be somewhat more prone to selling as the Sun forms an unhelpful aspect with Saturn. Buyers could return in force by Friday as the Sun and Mars move into closer aspect with Jupiter.
With the eclipse series now behind us, the market is increasingly becoming vulnerable to more serious declines in the coming weeks. Even with a realistic chance of higher prices this week, investors should be very cautious here as the longer-term planetary influences appear to preclude any substantial move higher. Bullish Jupiter and bearish Saturn form a tense aspect next week and given the weakness of debilitated Jupiter, this combination is likely to undermine confidence. This will be quickly followed by opposition aspect between Saturn and Uranus in early September which is even more likely to send prices sharply lower.
As forecast, crude oil rose on the Mercury-Venus aspect last week. Crude seems likely to suffer from the Mars-Saturn aspect early in the week but some kind of recovery is likely by week's end on the Sun-Jupiter aspect. While it is not certain, the prospects are good for another positive week.
Gold finished mostly unchanged at $955 last week. I thought gold might be a little stronger here with the Sun in Ashlesha but it seems that Thursday's lunar eclipse may have taken the air out of it somewhat as most of the declines occurred late in the week. The Mars-Saturn aspect early this week may put gold out of favour but look for a bounceback by Friday. If the early week damage is not that severe, gold could well be higher by August 14.
The author is a neo-Vedic astrologer specialising inpredictive astrology.
He runs thewebsite
