If anybody ever tells you that astrological events don’t influence the market, just point out what happened in equities trading yesterday.
The Dow took a 185-point nosedive, down 1.45%.
The Russell 2000 lost 2%, and the NASDAQ lost 1.29%, dropping down to test support levels dating back to last July.
The S&P 500 plunged by 1.39% and finished the session below its 200-day moving average, a very bearish signal.
Of course there’s been a good bit of weakness in the markets recently, so a day of big losses should have come as no surprise. And there were war worries, European nervousness, and Fiscal Cliff anxiety. . .
. . . and a big impact from a major solar eclipse!
As I pointed out recently in my monograph on The Solar Eclipse of November 2012: Its Impact on the Markets, “eclipses are the single most significant celestial phenomena that we need to reckon with in financial forecasting and market timing.”
This week’s solar eclipse wasn’t even visible in the U.S., but it still slammed the stock market.
The eclipse reached totality about an hour after the closing bell on Tuesday, and as I watched the market action that day it was easy to see its gathering influence.
Stocks had traded in positive territory for most of the day, but about an hour before the close things began to go south and the major indices all ended up with losses by the time the closing bell rang.
In yesterday’s trading session, the force of the eclipse was in full effect, and stock prices struggled to stay afloat to no avail, then sold off with a vengeance.
So yes, astrological events do have an effect on the markets! But that’s only part of the story.
The other part is this: the effects of the November 13 solar eclipse aren’t over yet!
We’re likely to see more downside action today, of course, but the solar eclipse will continue to make its influence felt, no just for days, but for months to come, well into the first half of 2013.
That’s one of the key lessons discussed in the monograph on The Solar Eclipse of November 2012: Its Impact on the Markets. It lists the exact dates to look for activations of the eclipse in the markets, and suggest some specific stocks to trade so you can get the eclipse energy working for you instead of against you.
This would be a really good time to review your copy and make some trading plans in the light of what’s coming up. If you’ve haven’t gotten a copy yet, it’s still available at http://bit.ly/Eclipse1211.