MMA Weekly Column for 2019-05-06©

Posted by in Raymond Merriman's Weekly Preview on May 04, 2019 . .

 

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The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, the Labor Department reported Friday. Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate. Average hourly earnings growth held at 3.2% over the past year, a notch below Dow Jones estimates of 3.3%. Unemployment was last this low in December 1969 when it hit 3.5%. At a time when many economists see a tight labor market, big job growth continues as the economic expansion is just a few months away from being the longest in history. – Jeff Cox, “Jobs Surge in April, Unemployment Rate Falls to the Lowest Since 1969,” https://www.cnbc.com, May 3, 2019.

 

President Donald Trump tweeted that he wants the economy to “go up like a rocket,” ratcheting up his efforts to badger the Federal Reserve into slashing interest rates… The Fed, as expected, left its key interest rate unchanged Wednesday after a two-day meeting… Here’s the rub: Trump is cheerleading for an excessively large rate cut for the wrong reasons, economists say. And his proposal, if enacted, carries unpalatable risks for a relatively modest reward, even putting aside the potentially bigger hazard that the Fed would jeopardize the public’s confidence in its independence if it were to follow Trump’s advice. -Paul Davidson, “Trump: Rate Cuts Would Make Economy Soar,” USA Today, May 3, 2019.

 

You can just feel the buoyancy, even overconfidence, of Jupiter in Sagittarius in the two quotes above. You can also sense the continued building of a possible “bubble” in the economy and stock market, and the development of a psychological attribute coined by former Fed Chair Alan Greenspan as “irrational exuberance.” This is the kind of collective attitude, encouraged by the president of the United States, that could cause investors to start becoming speculators in U.S. stocks, which is consistent not only with Jupiter in Sagittarius (where everything is “large”), but at the same time, in a  square aspect to Neptune in Pisces (delusion, illusion, and over-the-top wishful thinking). This is the kind of aspect that symbolizes grandiose thinking and placing large bets on the herd instinct. And the danger is that once it ends in December 2019, it immediately shape-shifts into the Capricorn Stellium involving the Saturn/Pluto conjunction starting in January 2020. Even Jupiter moves from the ever-expansive sign of Sagittarius (November 8, 2018-December 2, 2019) into the hardly ever-expansive sign of Capricorn. History shows a dramatic correlation: long-term stock market highs often occur with Jupiter in Sagittarius (2019), followed by a steep decline when Jupiter goes through Capricorn, often continuing as Jupiter ingresses into Aquarius and even Pisces in many cases (2020-2022). Jupiter was last in this set up in 2007-2009.

 

On the very good news with the employment reports, stocks soared. The Dow Industrial Average was up nearly 200 points, but still well off its cycle high of 26,696 recorded on April 23, and even further off its all-time high of 26,951 on October 3, 2018. The NASDAQ Composite, on the other hand, soared to a new all-time high last Monday, April 29, at 8176, then closed very near it again on Friday, May 3, at 8164. The S&P made a new all-time high last week too, soaring to 2954 on May 1, and closing the week at 2945.

 

These upside breakouts in equities (minus the DJIA so far) are also consistent with comments stated in our last column of two weeks ago, stating, “We are about to begin a time band containing several important geocosmic signatures with historical correlations to reversals in many markets, April 22 through May 18. This time band will be bookended by the Sun/Uranus conjunction on April 22 and the Venus/Uranus conjunction May 18. Both involve Uranus, which makes this a very challenging period for both investors and market analysts, since Uranus pertains to the unpredictable. In most cases, such periods coincide with reversals. But in a surprisingly large percentage of cases, such Uranus signatures also have coincided with sharp breakouts of well-defined resistance and support zones, leading to new highs in some markets and new lows in others. The stock market is nearing new highs…. this surge up to new highs can be associated with the Sun/Uranus conjunction in Taurus (money and stocks) this Monday, April 22. It is possible that these breakouts will continue, or resume, near the time when Venus conjoins Uranus on May 18, again in Taurus, the ruling of sign of Venus.”

 

This period has also proved to be favorable to Bitcoin, which broke out to a high of $5796 on Friday, its highest level in nearly 6 months. However, it had the opposite effect on Gold, Silver, and Crude Oil, which fell hard. Gold and Silver both made new cycle lows on Thursday. But Friday’s employment reports changed all that. Silver was especially impressive, rising 32 cents on Friday. I think traders also sense the Jupiter in Sagittarius, which – despite what the Fed and the White House say – suggests that the seeds of inflation may be hidden, but readying to sprout in the payroll report numbers. Yes, excluding food and energy, inflation seems tame. But food, and especially energy itself, are showing signs that they may not be so tame soon. And the costs to travel have been soaring lately. Jupiter and Sagittarius rule travel. You may wish to monitor the travel industry closely, for after prices peak with Jupiter in Sagittarius (2019), they tend to come down hard when Jupiter moves through Capricorn in 2020.

 

SHORT-TERM GEOCOSMICS

 

Honor thy mother and father that it may be well with thee and thou mayest live long on the earth – the fifth of the Ten Commandments, Exodus 20: 2-17, the Bible, King James version.

 

Mothers all want their sons to grow up to be president, but they don’t want them to become politicians in the process. – John F. Kennedy, https://www.goalcast.com

 

We are right in the middle of that time band containing several important geocosmic signatures with historical correlations to reversals in many markets, April 22 through May 18. Gold and Silver are falling to new lows for 2019, while stocks and Bitcoin are making new highs.

 

This week is particularly active. On Sunday, May 5, Mars will form an opposition to Jupiter which can relate to extreme euphoria or recklessness. It is a time when some people may blurt out what is really on their mind, without thinking about the consequences and reactions from others it may generate. This is not an aspect of tactfulness or self-control. It can be blunt and offensive, careless and stupid, if not controlled, especially with Mars now in the talkative sign of Gemini. It would be wise to avoid speaking or tweeting on impulse, especially if your intent is to be self-congratulatory and attempt to solicit praise for whatever it is you are doing. Instead of praise, you may elicit the ire of others for arrogance, if not careful.

 

On Tuesday-Thursday, May 7-9, Venus in Aries will form a square to the Saturn/Pluto conjunction in Aries. That isn’t likely to help the problems created under Mars opposed to Jupiter. In fact, it probably represents the reprehension and consequence of one’s untamed and self-indulgent behavior. Pack it in (your impulse) if you are tempted to let your uncensored self loose, which would probably be a very bad idea. In terms of markets, however, we have this rule that any market declining into this type of an aspect becomes an attractive candidate to buy. Since Venus rules Soybeans, and Soybeans are making new cycle lows, this may be a market to watch for a potential buying opportunity.

 

This is followed by the Sun in Taurus making a favorable trine to the Saturn/Pluto conjunction in Capricorn, May 11-13. This is a favorable cosmic combination for making long-term plans, or initiating activities that will have a long-term favorable outcome if you stick with the idea. It is favorable for business decisions and investments that have a longer-term horizon. The results may not show up right away, so patience and belief in the idea are essential to capitalize on this dynamic. It is also a favorable time to honor those who are legends in your world, in your mind. It just happens to fall on Mothers’ Day this year, so this is likely to be very special and rewarding celebration for many families.

MMA Current Announcements

 

ANNOUNCEMENTS

 

NOTE 1: The monthly MMA and ICR Cycles Reports are both coming out this week!

 

THE MONTHLY MMA CYCLES REPORT contains our future outlook for U.S. stock indices (DJIA and S&P futures), Gold, Silver, Treasuries, Euro Currency, Crude Oil and Soybeans, plus MMA’s original geocosmic critical reversal dates (CRDs) and Solar/Lunar reversal dates over the next several weeks for DJIA, Gold, and Silver. This May issue will also have an analysis of Live Cattle by Massimo Moras, MMTA graduate and analyst and an updated report on Cannabis stocks. This will be the last MMA Cycles Report issue that will offer Live Cattle and Cannabis analysis. They will, now switch to be regular features in the new ICR International Commodities Cycles Report, starting on July 2. That report will also include analysis on Corn, Wheat, Coffee, and Sugar markets as well as the XAU Gold and Silver Mining Index. The monthly MMA Japan Cycles report will also be released this week, covering the Nikkei, JGB Bonds, and the Dollar-Yen. If you are not a subscriber to the monthly MMA Cycles Reports and wish a copy of this month’s outlook for financial markets, consider taking out a subscription NOW. Please visit https://mmacycles.com > Services > Subscription Services for more information.

 

The Monthly MMTA International Cycles Report (ICR) will also be issued this week. This issue will include analysis on Coffee and Sugar, which will then be moved over to the new monthly ICR Commodities Report in the next issue. The monthly ICR report is probably the best kept secret for the timing and cyclical analysis of several international markets available today. It is an excellent report, written by several graduates and students of MMA’s classic market timing methodology, including Mark Shtayerman (San Diego), Izabella Suleymanova (San Diego), and Ulric Aspegren (Sweden). This issue of ICR contains an in-depth analysis of the XAU index (Gold and Silver Mining stocks), the U.S. Dollar (DXY), British Pound (GBP), Australian Dollar (AUD), the Australian stock index (ASX), the London FTSE stock index, the Russell 2000 U.S. stock index (RUT), Corn (C) and Wheat (W). And for now, it will also include Coffee and Sugar. Starting with the next issue, this will become the new ICR Financial Markets Report, less Corn, Wheat, and XAU, and will instead include the Chinese Shanghai Composite Stock Index and Hang Seng of Hong Kong Stock Index (see below). For more information, call us at 248-626-3034, or 1-800-662-3349. Or, please visit http:// mmacycles.com/ > Subscription Services.

 

NOTE 2: The New ICR Cycles’ Reports from MMA are Coming!!! Starting on July 2nd, we are going to expand our International Cycles Report (ICR) into two reports... ICR Financials and ICR Commodities. Each report will be covering 7 markets, and will cost, as follows (but there will be a special introductory offer – see below):

 

ICR Financials:

Cost: $325/ Year or $66/ 2 Months

Markets Covered: ASX (Australian Stock Index), RUT (Russell 2000), SSE (Chinese Shanghai Stock Composite), HSI (Hang Seng Index), AUD (Australian Dollar), DXY (US Dollar), and GBP (British Pound)

Release Date: Tuesday July 2, 2019

 

ICR Commodities:

Cost: $325/ Year or $66/ 2 Months

Markets Covered: LC (Live Cattle), MJ (Cannabis), XAU (Gold and Silver), KT (Coffee), KA (Sugar), C (Corn), and W (Wheat)

Release Date: Wednesday July 3, 2019

 

If you sign up for either ICR Report by June 30th, you will also receive – at no additional cost – the May issue of our current ICR Report, which contains our initial analysis of Coffee, Corn, Wheat, and Sugar. As a final BONUS, we will send you both the ICR Financials Report and the ICR Commodities Report in July so that you can see and experience both of our new reports. That’s TWO reports- at no additional cost- just for trying our new report. SAVE 20% NOW! If you wish to sign up for both the ICR Financials Report and ICR Commodities Report, we are offering a 20% off the yearly rate for both reports, valid until June 1. Instead of $650 for both reports, your cost will be $520- a savings of $130! Use code ICR at check out to receive the discount. For further information, visit https://mmacycles.com > Services > Subscription Services.

 

NOTE 3: MMA’S DAILY AND WEEKLY SUBSCRIPTION REPORTS ARE THE BEST WAY TO KEEP UP WITH RAPIDLY CHANGING MARKETS! If you are an active short-term trader, or even if you are an investor who likes to keep up with our current thoughts on financial markets, you will be interested in MMA’s Weekly or Daily Market reports. The weekly reports give an in-depth analysis of the DJIA, S&P and NASDAQ futures, Euro currency (cash and futures), Dollar/Yen cash and Yen futures, Euro/Yen cash, Swiss Franc, T-Notes, Soybeans, Crude Oil, Gold and Silver, and Bitcoin. The daily reports cover all stock indices listed above, as well as the Euro Currency, Japanese Yen, Bitcoin, T-Notes, Gold and Silver, plus GLD and SLV (the Gold and Silver ETF’s). Both reports provide trading strategies and recommendations for position traders and shorter-term aggressive traders. Subscription to the Daily report also includes the Weekly report. For further information, visit https://mmacycles.com > Services > Subscription Services.

 

For any questions, please contact us at customerservice@mmacycles.com or call (248) 626-3034, or (800) MMA-3349.

 

EVENTS

 

June 8-16, 2019: IT’S ON! June 8-16, 2019: “Geocosmic Correlations to Trading Cycles,” with Raymond Merriman in Beijing, China. This special 2-weekend workshop will take place at the Beijing Broadcasting Tower Hotel, No.14 Jianguomenwai Da Jie, Chaoyang, 100022 Beijing, China. This will be two intensive weekend Market Trading workshops focusing on the identifying the primary cycle and its phases used in trading several financial markets, with the emphasis on the U.S. and Chinese Shanghai stock indices and Gold (other markets will be included as well). The course will then take participants through the steps of narrowing the time band down for trading cycle highs and lows by applying geocosmic and solar/lunar studies. Once in the time band for a reversal, students will then learn how to apply various chart patterns and technical studies to identify the setup for optimal risk/reward opportunities. The workshop will take place on the weekends of June 8-9 and June 15-16 in Beijing. During the week, participants will have the option of taking tours with other MMA students to exciting areas of China. The cost for this unique and valuable 2-weekend trading course is $4000 (discounts will be available to subscribers of MMA Reports). For further information, please contact MMA at customerservice@mmacycles.com or call 1-248-626-3034 or 1-800-MMA-3349. Or, for a complete description of each course, go to:

 

https://mmacycles.com/index.php?route=blog/article&category_id=3&article_id=248 

 

https://mmacycles.com/index.php?route=product/product&path=64_72&product_id=184

 

https://mmacycles.com/index.php?route=product/product&path=64_72&product_id=286

 

 

Disclaimer and statement of purpose: The purpose of this column is not to forecast the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language. This weekly report is written with the intent to educate the reader on the relationship between astrological factors and collective human activities as they are happening. In this regard, this report will often cite what happened in various stock and financial markets throughout the world in the past week and discuss that movement in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, or even month, or even years, and the author’s understanding of how these signatures may affect human activity in the times to come. The author (Merriman) will do this from a perspective of a cycles’ analyst looking at the military, political, economic, and even financial markets of the world. It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader as to the psychological climate we are in, from an astrological perspective. The hope is that it will help the reader understand the psychological dynamics that underlie (or coincide with) the news events and hence potentially affect financial markets.

No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers of this column assume any responsibility whatsoever for anyone’s trading or investment decisions. Readers of this report should understand that commodity futures and options trading are considered high risk.