Power Play on January 11 Red Letter Trading Day

Commentary, News, Technical Analysis

Powerful leaders push their agenda as the Sun and Pluto come together in Capricorn.

Power Play

By Susan Abbott Gidel
January 10, 2019

(All times Eastern)

Intensity among leaders is paramount on Friday, January 11 as the Sun and Pluto are exactly together in the sign of Capricorn at 6:38 am. In Capricorn, the focus is on business and government. The Sun represents leaders and Pluto represents transformation. Leaders of any stripe are intent on getting things to go their way. On the flipside, there is potential for leaders to be transformed and change their mind.

Based on previous planetary positions at significant market lows, be on the lookout for a low in gold and 10-year T-notes. For TYN, this is the second of four trend changes forecast for January. The first was for a high on January 2; TYN made a high on January 3.

Friday’s reports include:

  • Thursday 6:30 pm  Japan Household Spending
  • 4:30 am  Great Britain Monthly GDP
  • 7:00 am  India Industrial Production
  • 8:30 am  US CPI
  • *12:00 pm  USDA Annual Crop Production
  • *12:00 pm  USDA Grain Stocks
  • *12:00 pm  USDA Winter Wheat/Canola Seedings

*Postponed due to partial government shutdown

Subscribe to Red Letter Trading Days. It’s Free!
Buy My Book “Trading In Sync With Commodities” at amazon.com!

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.

Follow MrTopStep in our Social Space:

Susan Abbot Gidel (428 Posts)

Leave a Reply