Financial Astrology - February 2, 2014

SP500

This blog changed on Jan 1, 2014 We will no longer provide turn dates for the SP500 as these are being sold for the first half of 2014 see -> 

http://www.trading-daze.blogspot.ca/2013/12/2014-offer-key-dates-1st-half-of-2014.html

Gold

Gold is in the 6th week of the Primary (nominal 18 week) cycle. As such we are looking for a crest and down into the trough of the first Major (nominal 6 week).

Looking for Astrological aspects that may identify precious metal moves Feb 5 Jupiter trine Chiron and
Feb 6 Mercury stationary retrograde. The Mercury retrograde aspect does have a history for precious metal moves and is often found within a few days of a Major cycle. This could be a crest or a trough.

This week then we could have either a Major cycle crest close to Mercury retrograde on Feb 6 or it is a trough, in which case PM's would continue down.

I'm looking at Jan 27 as being the crest of the first Major cycle in the Primary cycle which stated on
Dec 31, 2013 and I'm looking at Feb 6, Mercury retrograde, as close to the trough.  This means we should be going down to start the week and looking for a trough somewhere in the Feb 4- Feb 11 range. I suspect it will be this week or Feb 10. I'm erring on the positive side as I still think the Dec 31, 2013 retest of the June 28, 2013 low makes this a very positive time for Gold as we are early on in a new 4.25 year cycle.

The following daily Gold chart shows the Mercury retro (red arrow pointing left) and Mercury direct (blue arrow pointing right). The blue resistance line is currently close to the 1260 resistance level.

If we put in a Major cycle low this week or Feb 10 it would be s/t positive for Gold. Silver's chart is not nearly as positive and it typically leads the show when PM's are going up.

The 27 td (trading day) cycle is due Feb 10 which would support a Major cycle low on Feb 10 or +- a td or 2.

The following daily Gold chart shows fib retracements (blue) based on Gold's move down from Aug 28,2013 to Dec 31, 2013. Watch for a breakout either below 1240 or above 1277.

Silver

Last weeks Silver dates were right on and a real quick money maker for those that got in and out quickly. There are some similar dates coming up for Silver though they are not as strong. They are Feb 5-7, Feb 13-14 and Feb 18.

The following daily chart for Silver shows the Venus price line (green) and the Jupiter price line (blue). Silver could not hold the Jupiter priceline which is quite negative for Silver.

Crude

Crude is either in the the 4th week or 10th week of a Primary cycle. If it's the older cycle at the 10th week then the cycle is quite bearish as it is already lower than the start of the cycle. This needs more time to watch the price action. Watch for a break below 91.24 (bearish) or a move above 100.13 (bullish). Astro wise we don't have many meaningful Astro aspects until the last week of the month.

I suspect we will get a number of lower highs making this bearish but no positions presently. If we test the 100.13 level and fail, moving down we may be more interested in a small position. If this is the 10th week this will be very negative for Crude which may see it declining into March or April.

NatGas

Like Crude there are no significant Astros for NatGas until the last week of February. We have just had a spike high. I'm watching volume on the decline with particular interest around the 50% and 61.8% price retracement.

US$

I have concerns about the US$ but looking for the March / April timeframe to assess where we are. The US dollar could come under extreme pressure which would affect many markets.