We were still in the final hour of trading when I was on the air with Michael Yorba earlier today on his Traders Network radio show.
At the time, the sell-off in U.S. equities had already gotten underway, but we still didn’t have an indication of just how big the losses for the day would be at the closing bell, with the Dow Industrials off by 1.41% and the S&P 500 down 1.17% on the session.
That selling action wasn’t on the radar for most traders when the opening bell rang this morning, but as I noted in my blog post this morning, the Uranus/Poseidon waxing quincunx had the power to pull the rug out from anything that looked too much like a rally. By the end of the trading day a Sun/Saturn waxing trine was also looming large, adding to the bearish pressure.
As I told Michael Yorba during our interview, it was a lot like what we would be experiencing if we had gotten in our car and had begun driving behind a dump truck full of gravel, with the flying debris of cosmic alignments smacking the market’s windshield as we hurtle down the highway.
There’s a lot more debris headed our way as we move along the Stock Market Collision Course during the coming weeks. It’s a time for cool heads and solid astro-trading strategies.
That’s what Michael and I talked about today– you can hear the entire 10-minute interview here: