TRADER TRANSITS
Venus in Libra
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 our recent Planet Power – Venus, blog, dated 7-20-24, the planet Venus plays a major role in the financial astrology arena. Venus symbolizes money, and its upcoming ingress into the sign of Libra (representing the 7th house of the zodiac), is a “return” to one of its two “home” signs, with Taurus being the other. As we have mentioned in the past, planets are the most comfortable in their “home” signs, but each return is different based on other planetary aspects.
Venus will travel through Libra from August 29th through September 22, before moving into the sign of Scorpio on September 23. Venus in Libra signifies balance, partnerships, negotiations, and fairness, though Libra’s energies are not as strong as those of Taurus.
The previous Venus/Libra ingress occurred in most of November and early December in 2023. The market experienced solid gains in the S&P 500 during this transit, though it occurred during a seasonally strong period in the latter half of Scorpio and first half of Sagittarius.
As we have discussed in the past, the themes of many transits and aspects tend to repeat themselves, and the energies can be felt for some time before the actual date of the event, and for a period after. As we also noted in our 7-20-24 blog, Venus (and Mercury) are associated more with swing-trading than longer-term investing, as they quickly move through signs. Venus will also be forming additional aspects in the next two weeks, including moving from an opposition to Pluto (transformation) to a more favorable trine, and an opposition to Neptune (mystery, confusion).
The general belief among financial astrologers is that the combination of these Venus signifiers will continue the short term back and forth price action in the equity markets. The markets may find a better balance with factors like Stock Market Breadth, (which measures the number of stocks advancing vs the number of stocks declining) in the S&P 500. For quite some time the market has been carried by stocks known as the “Magnificent Seven,” that have led a very unbalanced market. Sectors to focus on during this period continue to be real estate, commodities, cryptocurrency, and bonds (negative), should expected interest rate cuts begin. Cryptocurrencies are of special interest during this time frame, as previous Venus transits through Libra have been strong for this sector, especially Ethereum. Look for a potential “breakout,” should current technical resistance lines be breached.
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.
