TRADER TRANSITS
Mercury conjunct Venus - entering Cancer
As covered in our recent publication, When to Buy and When to Sell: Combining Easy Indicators, Charts, and Financial Astrology (now available on Amazon), and previous blogs, the planet Mercury symbolizes communications, electronics, learning, some technology, and transportation, and rules the signs of Gemini and Virgo. Venus is known to signify love, fashion, creativity, and relationships, ruling both Taurus and Libra. The two will make a conjunction (or meeting in the sky) on June 17, 2024, as they both enter the sign of Cancer.
Cancer is a water sign (as discussed in our recent Sign Language blog dated 6-8-24), ruled by the Moon, positioned as the 4th sign/house of the zodiac, which relates to family, emotion peace/tranquility, and the home.
Mercury, known as “The Messenger” will move into the sign of Cancer on June 17, 2024, and only remain until July 2. This fast-moving planet is also known to be associated with trade and contracts, which are usually favorable in the sign of Cancer.
Venus, as noted above, will also enter the sign of Cancer on June 17, 2024, remaining for about one month, until July 11. In this sign, the planet usually produces a harmonic and calming effect, which historically bodes well for the equity markets.
The Mercury/Venus conjunction, is harmonious in nature, but short-lived, as stated above, and occurs in uneven increments, due to their frequent retrograde periods (especially Mercury). This conjunction last took place in the sign of Aries (fire) just about 2 months ago on April 19, 2024, the day before the Jupiter/Uranus conjunction in Taurus, and the Bitcoin halving. Markets experienced short-term bottoms on that date, and gained significantly from that point (as expected). Although it will help to calm volatility in the market, one must be careful not get lazy, and/or “fall in love” with equities and invest on blind faith.
Since Jupiter had recently moved from the sign of Taurus, into the sign of Gemini, intelligence themed sectors like AI, communications, and aerospace have continued gains, as discussed in our Sign Language - Gemini blog dated 5-8-24. As Jupiter expands energies, both Mercury and Venus themes were prominent as they remained in that sign until June 17.
The general belief among financial astrologers is that this season may be ideal for focusing on home/family, mortgages, business, and your overall financial security. However, due to the short period for this conjunction, traders may see a few positive days, followed by the calming effect of Cancer, likely with some price consolidation, and lower volatility. For longer-term positions, continue to be cautious following the conjunction, and remain careful not to let any excitement or over-exuberance effect your logical, intelligent thinking. Control your Risk Management and EMOTION (Don’t get TOO GREEDY), and FOLLOW YOUR PLAN!
As always, you can visit the website www.Astrophiliaastrology.com for a FREE birth chart, and book a personal reading, for you or your business, with experienced astrologer Ophilia Luna, at a very reasonable price.
***This information is not intended to be financial advice, but rather a guide to assist the reader in some further understanding of movements in the sky, and how they can correlate with moods, behaviors, world events, and financial markets.
