Financial Astrology: Ford Motor Company
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
The following is from a trade alert issued by Karen Starish to Astrology Trader subscribers on October 2nd recommending Ford for a long position. Ford released earnings this week and has rocketed higher. I've updated the chart to reflect this weeks trading. We also have a free financial astrology webinar scheduled tonight at 8pm est if you want to learn more about what we do. Here is the link to attend.
The Pluto retrograde from April 9, 2012 proved to be a drag on Ford as well as the auto sector. As I have suggested with the direct motion of Pluto and Saturn moving into mutual reception there could be a shift in production/sales for the 4th quarter. The Sun will activate a grand trine for both the IPO chart and incorporation chart beginning October 4th and there could be a reversal of the current pullback. Venus trine Mars (the auto manufacturer) on October 6th is also positive for the stock. There could be a further bullish move for the Ford stock near November 8th when Saturn will sextile Mars in mutual reception to Pluto. The Saturn/Mars aspect shows potential for solid business growth and a new cycle that could carry far into the future. Saturn with Mars = steel, and the combination could also support the steel industry.
I like Ford (F) for a long position at current levels.
Karen uses astrology to forecast events in the financial markets and Jeff Pierce adds in the technical picture for the stocks in focus. Astrology Traders provides specific dates and in-depth analysis of future events for the financial markets through weekly updates, trade alerts, and educational webinars.
Posted in: Trading Ideas