Full Moon tops markets?

The way the SPX closed is typical for the week prior to a turn as was the week before Obama was elected. Price action and the weekly reversal of the NDX in a week 8 do confirm. The fact that both financial indices BKX and XBD are in week 8 and enter 9 speaks for a probability of of 80% markets will turn indeed all together down after the 15th latest. It might even be on Tuesday already or we get just a countermove within the week - that's hard to say but in price terms 940 should limit the upside and the major driver (financials) with even single stocks like JPM,GS ,MS or even skyrocketing FITB making tops. Next week is option expiration which will have an impact too. The current Full Moon today is another indication as it happens opposite the sign of Taurus which is the money sign.

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Short-Term Geocosmics

Just because Mercury is retrograde doesn’t mean there isn’t a trend or even a counter-trend move, as is usually the case with Venus retrograde. It just means that the very short-term swings will appear to negate that trend, and then all of a sudden, it is back on. What we want to watch carefully for next week is the May 15-20 period. I will repeat comments made last issue, because I believe they are pertinent as we come closer to this geocosmic critical reversal time band of importance. “I will be most focused on the weekend period of May 15-18, for that is when three things happen. First, that will be around the middle of the retrograde period, when sudden reversals happen. It is more important than usual this time because 2) Saturn will be turning direct that weekend (May 16) and 3) heliocentric Mercury will be entering Sagittarius (May 19-30)… Heliocentric Mercury in Sagittarius also tends to correspond to sharply rising prices in precious metals and currencies, and declines in stock prices. Of course, the other thing we know about Mercury Rx is that whatever you think is suppose to happen, usually doesn’t. Many things go exactly the opposite of what you anticipate.”