Aug 31 – Sep 04, 2020

A few weeks ago, I changed the format of this page. Instead of giving daily predictions, I am now writing about the shorter periods of the week. The basis is the compressed-vimshottri-dasha (CVD) planet in the monthly Solar return chart (mSRC).

My prediction last week was correct as SP500 gained nearly 100 points, as I was expecting a higher market. 

Here is the expected breakdown of the week of  August 31, 2020 – September 04, 2020.

The CVD planet for the period August 30 – September 03 is Rahu. Rahu is placed in the 6th house with no aspect from any benefic or malefic planet. This is not a good configuration and could result in a lower market.  

The CVD planet for the period September 04 -September 08 is Jupiter. Jupiter rules the 12th house and is situated in the 1st house in the sign Capricorn. Jupiter gets the influence of  Venus in the 7th house. This setup is good for the market and can result in higher values for the indexes.

Overall this week the S&P 500 may go LOWER, because the market may be down 4 days and up only 1 day.

The week after that may start with a higher day on September 08, 2020.

 

Note: This forecast is strictly based on astrological considerations. This is only for academic interest and not intended for trading.

 

3,398 thoughts on “Aug 31 – Sep 04, 2020”

  1. Hi Dr. Rai,
    What are your thoughts about ROOT?
    This stock has shown very strong performance this year, but will it continue?

    Reply
    • Jan:
      ROOT is a new insurance company. It aims to disturn auto insurance business. The astro chart looks good. The dasha of Jupiter has just started, but Jupiter is weak in the chart. I, therefore, have mixed opinion about the stock. You may certainly trade around this stocks.
      Good luck
      Raj Chadha

      Reply
    • R:
      I think COIN is good for long time to come. But one should always have some diversification. If you have profits in COIN, you may sell a portion to buy something else.
      Raj Chadha

      Reply
  2. Dear Raj,

    Could you please take a look at DUG (DUG Technology) for the long term? IPO date is 12 August 2020.
    Based in Australia.

    Many thanks

    Reply
    • David:
      Please provide the name of the headquarter, and the opening time of the exchange where its shares are trading.
      Raj Chadha

      Reply
      • DUG Technology is headquartered in Perth, 76 Kings Park Rd, Australia.
        It trades in ASX – Australian Securities Exchange. That is open from 10:00 am to 4 pm (Sydney time).

        Perth is GMT+8
        Sydney is GMT+11

        If you can get it would be great, if it’s complex don’t worry. Thank you!

        Reply
  3. Good Afternoon Dr. Chadha,

    Was wondering if you might take a look at Harrow HROW. They are a medical company that specializes in treatments for cataracts of the eyes. Also wondering about software company Asana . ASAN. As always thank you for your time .

    Reply
    • Kiran:
      I am not impressed with their astrology charts. They may continue for some time, but don’t expect them be wealth generators. I may like to find better companies.
      Raj Chadha

      Reply
  4. Hello Pandit Raj:

    Namaste. I came across the following Barron’s/Wall Street Journal’s News release on Reddit below. The new stock will be traded on Thursday, New York time. Its IPO price is u$34, but who knows what price it’ll be trading at at opening March 22 ??

    With your stock astrological insight, would you please kindly prognosis Reddit’s potential as a new AI stock. The AI stocks are on trajectory curve on NYSE. Would Reddit be another META?? Your analysis are deeply appreciated.

    Thank you very much,
    Francis Martin

    n/b: TESLA is on its slow death march ??? There’re multiple negative comments on its demise, please provide some insights. Thank you.

    Home Investing Barron’s Feature –
    Reddit Prices IPO at $34 a Share, Valuing It at $6.4 Billion
    Last Updated: March 20, 2024 at 6:55 p.m. ET
    First Published: March 20, 2024 at 5:55 p.m. ET
    By Paul R. La Monica

    Reddit shares will start trading Thursday under the ticker symbol RDDT.
    Reddit, the popular news aggregation social media site, priced its initial public offering at $34 a share late Wednesday, at the high end of its expected range of between $31 and $34 a share.

    At that price, Reddit would be valued at $6.4 billion. Reddit is raising $519.4 million from the sale of nearly 15.3 million shares. Other Reddit investors are selling an additional 6.7 million shares through the IPO.

    Shares are set to begin trading Thursday on the New York Stock Exchange under the ticker RDDT.

    Investors hope Reddit’s IPO could spark a rebound for new stock offerings after down years in 2022 and 2023. Following a record-setting year in 2021 when nearly 400 companies went public in the U.S. and raised $142.4 billion, issuance slowed to 179 companies generating a combined $27.1 billion in the past two years, according to Renaissance Capital.

    Reddit’s IPO comes one day after another unicorn, artificial intelligence infrastructure provider Astera Labs, debuted with a 72% gain in its shares.

    There are worries about Reddit that investors need to consider, most notably that the company is still losing money and that revenue growth slowed in 2023. Reddit also generates nearly all of its sales from advertising, which is a notoriously fickle and cyclical market. Regulatory concerns about data licensing for artificial intelligence could also be an issue.

    Reddit is a well-known brand with a zealous base of users and meme stock investors, some of whom will be getting access to shares before they start trading. The company also has some impressive investors backing it, including top shareholder Advance Magazine Publishers, which owns Condé Nast, as well as owner OpenAI CEO Sam Altman, mutual fund powerhouse Fidelity, and Chinese social media company Tencent.

    Even if shares of Reddit surge in their first day of trading, the jury is still out as to whether or not the stock will be a long-term success story and if Reddit can help prop open the IPO window. Investors may be more discerning than they were when the IPO market unfroze in 2021 after a Covid-induced lull. Reddit itself was valued at $10 billion based on its last round of financing three years ago.

    “The market will judge companies with a far more rigorous set of metrics than 2021,” said Joe Endoso, CEO of Linqto, a firm that offers investors shares in private companies before they go public. “That will narrow the eligible list of candidates. Growth is not enough.”

    Write to Paul R. La Monica at paul.lamonica@barrons.com

    Reply
    • Francis:
      The first trading day was 3/21 not 3/20. I need the first trading date. Its headquarter is San Fancisco. Based on this chart, this can be a volatile stock. As a result, there is no need to rush to buy the shares. In my opinion, you will get plenty of chances to buy it lower. I will rather trade around it after it establishes a range.
      For TSLA, I think 2024 may not be a good time. 2025 will be a good year.
      Good luck
      Raj Chadha

      Reply
    • Sam Sung:
      I don’t have the IPO date for any one of them. Please provide me the correct date, matched on at least two sources, and their headquarter place. I will then be able to work on the charts.
      Raj Chadha

      Reply
        • SamSung:
          A good period for CDLX has just started.This can give you result if you slow and patient with it.
          SONO is a German company, I can say something only if it was not trading anywhere else before. Assuming it was not, this company may face quite a few obstacles, but can be a winner in the long run. I would not waste my time waiting, when there re many better opportunities.
          Raj Chadha

          Reply
    • Lakshmi:
      Based on astrological principles, I think this stock has a good future. That is why I have included it in my top 10 for 2024. But it does not mean that it won’t be volatile. I will judge my selection at the end of the year combining all of the ten on the list.
      Good luck
      Raj Chadha

      Reply
  5. Good Morning Dr. Chadha,

    I was wondering if you might look at 2 stocks. One is KVYO Klaviyo a software company. Looks like ipo was 9/20/2023. The other stock is Hertz the car rental company HTZ 11/9/2021 was its ipo date. Thank you as always for your time. It’s much appreciated.

    Kiran

    Reply
    • Kiran:
      HTZ: It is the second time they did an IPO. Earlier they did in 2006, now in 2021. The running dasha is that of Saturn. Although Saturn is strongin the chart, it will only help survive and continue. I will look for a better company, why waste time while witing.
      KVYO: This company also has a mediocre chart. They will sometimes be good, sometime bad.
      Raj Chadha

      Reply
  6. Dear Raj, what year you think ARKk and ARKG will have a success? Market when up but this funds don’t have the same success. Thank you Ruth

    Reply
    • Ruth:
      Yes, ARKK and ARKG underperform its peers. The problem is its leader, Cathie Wood. She made her name on an earlier call on Bitcoin and Tesla. But after that, only thing she does is to buy whatever she has, on correction. She has no regard for protection of the capital or risk management. These days the market is limited to only 10 stocks. Her childish way of investing won’t work. For that reason, I sold all of my ARKK, some at loss also.
      Raj Chadha

      Reply

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