Nov 10, 2024 Mars and Mercury to Shake Up Stock Market Prices: Week of November 11-15, 2024

November 10, 2024: Here’s a summary of the stock market’s performance over the past week following the US presidential election and the Federal Reserve meeting:

• Major Indices: The S&P 500, Nasdaq, and Dow Jones all reached record highs. The S&P 500 saw a gain of around 4%, while the Nasdaq rose by over 5%.
• Federal Reserve: The Federal Reserve cut its benchmark interest rate by 25 basis points, signaling potential further cuts ahead.
• Earnings Reports: Third-quarter earnings reports have been mostly positive, with many companies surpassing profit estimates.
• Election Impact: The stock market reacted positively to the election results, with investors optimistic about potential economic policies under the new administration.
• Volatility: The Cboe Volatility Index (VIX) fell sharply, indicating reduced short-term market volatility.
• Commodities: Gold and Bitcoin saw price increases, while oil prices slightly declined.

Overall, it was a strong week for the stock market, driven by positive earnings reports, interest rate cuts, and post-election optimism. This aligns well with my stock market forecast from last week’s newsletter.

2024 US Presidential Election Result

SAN FRANCISCO, Nov. 9, 2024 /PRNewswire-PRWeb/ -- An Indian-origin, US-based astrologer had predicted the victory of Republican candidate Donald Trump in the presidential election on June 02, 2024. Kathir Subbiah, who is known as KT Astrologer on social media, had predicted in a video posted on June 2 that Trump was going to become president once again. However, at that time, many people estimated that Kamala Harris of the Democratic Party would prove to be a very strong candidate, who could make a record of being the first woman president of America. Now that the results have come, Trump has surprised everyone, and so has Kathir Subbiah's prediction.

"Kamala Harris's golden period with powerful Kela Yoga will completely stop on October 17. At the same time, Donald Trump's fortune will rise between October 18 and November 15. it indicates a clear victory for former President Donald Trump." — Astrologer Kathir Subbiah

Astrological Calculation for the Week Starting from November 10, 2024

This week begins with a Moon and Saturn conjunction, indicating significant bearish energy. The optimism from last week's post-election rally is expected to fade. Holding long positions may not be advisable.

The other important point to note is Saturn is going direct station on Friday Nov 15, 2024 in kumba rasi. Saturn went retrograde on June 29, 2024 that would have caused problems for many people while some of them got fortune. Now that is going to get reversed. But the Saturn direct effects can be felt only from next week Saturday Nov 16, 2024 that I will cover it in the next week newsletter.

I anticipate the market to be highly volatile throughout the week, likely closing at a similar level to last week. The upside potential appears very limited, and the market has likely reached its peak for now. A swing trading strategy may be effective.

With Mercury slowing down for its retrograde on November 25 and Mars doing the same for its retrograde on December 5, 2024, their trine aspect suggests increased bearish energy in the coming weeks.

Special Note for Cryptocurrency Traders

Nothing to be surprised if crypto go through a flash crash between Thursday Nov 14, 2024 and Monday Nov 18, 2024. If you see bitcoin trading below 54767 range, then it is okay to go long on the long term perspective.

Weekly Trading Forecast