Sep 08, 2024 - Ketu-Venus Conjunction: Will the Stock Market Ride the Waves or Stay Calm during US Presidential Debate?

The S&P 500 closed approximately 4.2% lower, ending the week at 5408.42, down from 5648.40, as of Friday, September 6, 2024.

The Saturn-Sun opposition, usually a bearish indicator, created a bull trap following Nvidia’s earnings. However, this aspect has now revealed its true impact last week.

As of Sunday Sep 08, 2024 at 8:30 PM Eastern Time, Futures were trading flat. Moon will be transiting in Vishaka Naskhatra and will enter Vrischika Nakshatra at 2:00 AM Eastern Time on Monday Sep 09, 2024. I see Monday and Tuesday as slighly bullish and choppy. This will make VIX to go down and wipe out calls and puts excessive premiums. I suggest no trades for Monday and Tuesday on speculative options.

CPI reports comes out of Wednesday Sep 11, 2024 at 8:30 AM. Moon enters Mula Nakshatra during the market hours. If SP500 is trading above 5500, then market will go down from that point for the rest of the week.

US Presidential Debate

As everyone know, Vice President Kamala Harris and former President Donald Trump are set to face off for the first time on Tuesday this week as Election Day quickly approaches.

screen short from www.realclearpolling.com

Photo courtesy of www.realclearpolling.com

The powerful Guru Mangal Yoga supported Vice President Kamala Harris to become the presidential candidate, has ended last week. Currently, Mars is transiting Midhuna Rasi until Oct 20, 2024. This is not good news for Vice President Kamala Harris. But the same aspect is going to give fortune for former President Donald Trump. I expect a big change poll average. Currently, Vice President Kamala Harris is leading with 48.1%. I expect former President Donald Trump to lead within 10 days after the debate

Weekly Trading Forecast

Date	Forecast	Confidence Level
Mon Sep 09, 2024	I expect the market to be choppy and slighty bullish.	70%
Tue Sep 10, 2024	Same trend as Monday, it will continue to be slighly bullish and choppiness. It is better to avoid trading completely on Monday and Tuesdays.	70%
Wed Sep 11, 2024	The effects of Venus and Ketu conjunction will kick in again today afternoon session. If SP500 is trading at least above 5500 around 12:00 PM Eastern Time, then I expect market to go down significantly.	50%
Thu Sep 12, 2024	I assume the sell off would have started by wednesday towards the Market close. The market will go down today.	40%
Fri Sep 13, 2024	By following the yesterday's trend, I expect market to go down further. We may lose ~300 points down from the wednesday intraday high on SP500.	40%

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