Nov 17, 2024 Saturn is in Play for this Week to Affect Stock Prices: Week of November 18-22, 2024

November 17, 2024: Here’s a summary of the stock market’s performance over the past week:

• S&P 500: The S&P 500 declined by 2.1%, closing at 5,870.62 on Friday, November 15, 2024, from 5,995.54 the previous Friday.
• Dow Jones Industrial Average: The Dow Jones Industrial Average fell by 1.2%, ending at 43,444.99 on November 15, 2024, down from 43,988.99 on November 8, 2024.
• Nasdaq Composite: The Nasdaq Composite dropped by 3.1%, closing at 18,680.12 on November 15, 2024, compared to 19,286.78 on November 8, 2024.
• Russell 2000: The Russell 2000 Index saw a decline of 4.0%, finishing at 2,303.84 on November 15, 2024, down from 2,399.64 on November 8, 2024.

The 2024 Post-Election Rally initially saw a surge in stock prices following the election. However, this rally has since faded as investors reassessed the economic outlook amid potential policy shifts. Key factors contributing to the decline include:

• Federal Reserve Chair Jerome Powell’s hawkish remarks, indicating no rush to lower interest rates, which dampened expectations for a December rate cut.
• Rising inflation concerns, with both consumer and producer inflation surpassing forecasts.
• Uncertainty over new economic policies, including potential higher tariffs and cuts to government spending.

As a result, major indices like the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced declines, with the S&P 500 reversing one-third of its post-election gains.

Astrological Calculation for the Week Starting from November 17, 2024:

• Saturn's Influence: Saturn went direct on Friday, November 17, 2024, playing a major role in the stock market sell-off. When Saturn influences the financial market, it often creates a false breakout, making trading difficult. Even if you are not expected to gain fortune, Friday might have been an exception. However, this could be a trap to make you invest more next week. Always check your natal chart support for trading in the stock market. You can check predictions based on your moon sign on KTAstro.com
• Mercury Slowing Down: Mercury is slowing down to go retrograde Nov 25, 2024 that could market a temporary bottom for the stock market. I expect the market to bounce a little by early next week, and sell off may start from the after hours Wednesday Nov 20, 2024.
• Venus in Poorva Asada Nakshatra: Venus will support stock prices to move up but could benefits only few stocks like TSLA. Early bullish energy supplied by Venus will fade with Mercury going retrograde.

Next Week’s Major Planet Alignment:

• The effects of Saturn direct in Kumba Rasi will be significant this week.
• Venus entering Poorva Asada Nakshatra on Sunday night can supply some bullish energy and slow down the market sell-off.
• Mercury slowing down is a clear bearish indicator. This bearish energy from Mercury will be felt later this week, starting from Wednesday after-market hours, coinciding with NVDA's earnings announcement.
• The market may bounce early in the week but is expected to lose gains in the second half. Overall, the market is expected to close down next week. However, there is a good chance to set a new all-time high in December. Use this dip as a buying opportunity to average down and increase your fortunes.

Cryptocurrencies:

• Saturn and Venus transits will play a major role in cryptocurrency prices. There is a good chance of a significant flash crash, possibly as much as 30 to 40%. This crash might happen during off-market hours, making it difficult to catch. Prices might have bounced back by the time the regular market opens.

Weekly Trading Forecast