New Beginnings on November 7 Red Letter Trading Day

A New Moon in Scorpio provides fertile ground for newfound passionate beliefs.

New Beginnings

By Susan Abbott Gidel
November 6, 2018

(All times Eastern)

Befitting the day after an important election, a new beginning is in store on Wednesday, November 7. The New Moon occurs in Scorpio at 11:02 am, and indicates that intentions springing from deep-felt passions will find fertile ground. Note that the FOMC meeting begins under the influence of this New Moon.

Astrologically, Jupiter is in a 120-degree aspect to the Moon’s North Node, which is supportive for home prices. Also, based on previous transits at significant market turning points, a low in crude oil could occur.

Wednesday’s reports include:

  • 5:00 am  Eurozone Retail Sales
  • 10:30 am  US EIA Petroleum Status
  • 3:00 pm  New Zealand RBNZ Announcement

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As always, please use protective buy and sell stops when trading futures and options.

Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

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