May 06 – 10, 2024

The S&P500 gained 160 points last week. I was expecting a slightly lower market. I overlooked the strength of transit Mars and transit Venus. Mars in Aries and Venus in Taurus help the market move higher through the positive statements of the FED chairman. As a result, even the daily forecast was also quite off.

Here is the expected breakdown for the week of  May 06, 2024, to May 10, 2024.

The next planet in the order of compressed Vimshottri dasha is the Rahu. It is active between the days of May 04 – May 07. Rahu occupies the eighth house along with Venus and Mercury. Rahu creates volatility but the net effect is generally slightly positive. The market may, therefore, go slightly higher.

The compressed Vimshottri dasha planet for  May 08 – May 11 is Jupiter. Jupiter rules the 4th house and occupies the 9th house in the sign, Taurus. Jupiter is a benenfic planet and occupies an auspicious house. It is clearly a positive feature. In addition, it makes a sextile aspect with Mars and Saturn present in the 7th house. As a result, the market may go higher.

Transits during this week:  Jupiter and Uranus continue to transit through Taurus during this week. Rahu is transiting in Aries and Ketu in Libra. Venus is now advancing in Taurus, which is a good sign for Venus. Saturn and Neptune are well established in Pisces. The Sun in the sign is getting closer to Uranus and Jupiter. Mercury turned direct on April 25. Mars entered Aries on May 01. The moon moves in Aries, Taurus, and Gemini. The Moon moves through the 14th Tithi of the dark half to the 3rd Tithi of the bright half. The Moon gives good results in these signs but mixed results in these Tithis. Combining the transit and CVD techniques, the following is my estimate of the daily behavior of the stock market.

Monday: Flat;   Tuesday: Higher;   Wednesday: Slightly higher;   Thursday: Slightly higher;   Friday: slightly higher

Overall, the S&P500 may go higher during this week.

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