ASTRO-FINANCE FOR MAY 2024
The world did not end on the day of the solar eclipse, but it did set up energies to unfold over the next six months. The big day to watch is Mars conjunct the Eclipse Point on May 26th. It is happening too close to the Mars/Rahu conjunction which is peaking around May 18th in the True Node system and Mars is not out of danger until May 1st when it goes into Aries. Mars/Rahu is a signature for violence, terrorism, and riots and let’s hope we do not see anything major in May but you can see things boiling up on the college campuses, and the Middle East is always hot.
Jupiter officially goes into Taurus on May 1st. I find that Jupiter in signs ruled by Venus supports liberal values, but the problem is that Jupiter’s judgment gets out of balance and naïve perspectives forget about practical solutions.
Taurus is about finance and food. Jupiter in Taurus starts in early May,and it will find creative solutions to banking and food problems, but it is in an enemy’s sign and Jupiter is naïve and does not have good judgment in Taurus. If we have a banking crisis, this is not like 1932 and the Depression because we can create phony electronic money out of thin air but who will continue to finance US debt and our wars? Can the US bond market survive? We cannot help but think that the 35 trillion dollars in US debt will start causing problems.We have a first peak for gold in July 2024 but gold and silver prices seem strong in 2025 and will take over dominance in our financial system.Trillions of dollars of debt creation around the world can only be managed by an economic reset and the CBDC Central Banker advocates know how to take control of you amid a crisis.Will they dare try to do it before the election? We hear through the grapevine that they want to roll it out in early 2025 but Europe is way ahead of the game with their plans in this direction.
The stock market did issue a sell signal in April and there is a temporary Dovish but cautious tone in the FOMC statement today. Economic data coming out does not support lowering rates and seasonally May is a month when rates go up. Inflation cycles will continue with the Jupiter/Venus conjunction into May 23rd and that often expands prices and Mars and Neptune together in the expansive sign of Pisces is not going to bring inflation down. The only hope for lower rates is that the FED has to avert a crisis as banks cannot handle all their old bonds bought at lower rates and any rate hikes will send them over the edge into more bank failures. We just had one in Philadelphia over the weekend.  The tea leave readers are only pricing in 1 rate cut by September.
This is not a normal year as we have another election mess looming. We are not over the banking crisis that we last saw last March and oil inflation is not over as the Middle East and Red Sea tension will push oil up to 9100 and 9700 this summer with summer demand. Any new tensions in the world will push oil to 106 or 112 a barrel based on patterns. At the moment, oil is likely to stay above 7650.
At publication, Israel and Hamas are trying to make peace but even if it happens, demand for oil and gasoline driving season will continue to support crude oil futures. We will easily see 9100 this spring for oil and maybe 9700 and eventually 112.00. We do think oil will go back to 126 eventually. Jupiter in Taurus has supported higher oil prices in the past and oil cycles suggest higher prices into 2025.Â
STOCK MARKET:
 Patterns on the stock market have put in a major top and the adage is sell in May and go away as the market is seasonally lower from May to October. When we look at long-term stock market patterns, it looks like it has completed a very large pattern off the 1932 low and also pattern completions off of the 2009 low and the 2020 lows.That would usher in a multiple-year bear market which would first take the stock market to 3800-3500 on the S&P Cash 500 this year and eventually to 2200 and 1000 on the S&P with a potential cycle low into 2028-2030 when Saturn is in Aries. Unfortunately, higher taxes and Marxist agendas do not support entrepreneurial energies and innovation. Â
Tech stocks gave a sell signal in April and mega caps have fallen apart with only Google and Microsoft holding up a tad. We have a low for tech stocks in August and they could give back all of the gains from the last year and a half. Not thinking that NQ 100 futures will take out 18080 again even if we get a bounce into May 3rd. Â Â
TESLA put in a top late in 2023 and at publication has come back to 195 on hopes that auto-drive in China would take off. Still, when the rest of the market falls, it will go to 129.00 and 100.00. In our minds, it is toast as the reality of EVs shoved down our throats has shown up in winter stalls, limited battery charges, and shorter driving ranges and hours of recharges. If you are lucky to have one and charge in your garage, I’m not sure your electric bill is happy. The reality of EVs being shoved down our throats and the con game involved is clearer. China is the big winner with all of this as was the case with the solar panel movement as over 60% of solar energy technology comes from China.
GOLD:
Gold bottomed at 2291 on May 1st  publication at the Venus square to Pluto after hitting 2449 a few weeks back. We expect it to hold 2291. We do not think the gold rush is over and we should see 2536 next and probably 2800 next year. Gold cycle highs are due into June and July in conjunction with a falling stock market.Â
You can play gold with ETFs like GLD and GDX (Gold Miners) and we cover them in our newsletter and watch entries into December.
We have a gold cycle higher into 2024 and 2025 for now. Gold could accelerate in a crisis to 2800 into the year 2025 and projects higher prices eventually. Stay on top of our daily forecasts with Fortucast.com newsletters.
CRYPTOS:
Bitcoin is very connected to Mercury and Ketu. Mercury in Pisces is not great for it and the weekly chart patterns suggest 75000 may be hard to get through right away but not likely to take out 55000 .The last correction we had in Bitcoin was about eight weeks and that could take us into May. Long-term it is good and the Dashas are good.
Fund managers are projecting 200,000k Bitcoin on the news into next year but we have seen these wild assertions before. Still, our larger cycles are friendly into 2026.Â
Bitcoin is in a Jupiter/Rahu period from August 2023 into 2026 using the correct dasha of (Adhana Vimshottari Dasha) and it is likely to weather the storm for a bit.Â
Remember to work with your broker. Trading and investing have to be done both technically and astrology can help but should not be the only factor in making a decision. You have to buy low and sell high.Â
STAY IN TOUCH WITH MY DAILY THINKING ABOUT THE MARKETS AND THE STARS:
As always, this is my snapshot thought for May 1, 2024. New information comes in daily. If you are a trader or investor, consider my Fortucast newsletters which are published daily at www.fortucast.com. A trial subscription is 97.00/month. If you want to learn financial astrology visit my website at www.appliedvedicastrology.com and click on the Financial Astrology link.
ABOUT BARRY ROSEN: Barry Rosen has been teaching classes in Investment Astrology since 1990 and began teaching the other aspects of Vedic astrology specialized courses online in 2017, including Dashas, Transits, Personal Finance, Health, Longevity, and Death, Nakshatras, The Spiritual Dimensions of Vedic Astrology, Secrets of the Houses, Relationships and many more. In his consultations, he focuses more on the emotional and mental patterns in the chart and their impact on consciousness which can create waves of illusion blocking you. A good consultation should help you witness the play of karma so that you are not gripped by it; you can transcend it and realize your Divinity, becoming the commander of the planets and not the victim. Barry Rosen also operates a blog on Facebook under Barry Rosen and Astro-Yoga and his professional astrological website is www.appliedvedicastrology.com. He can be reached at support@appliedvedicastrology.com.
