MMA FREE WEEKLY COLUMN FOR THE WEEK BEGINNING NOVEMBER 10, 2025
November 7, 2025
NOTE: We are in the final stretch of completing the Forecast 2026 book, which is due at the printers at the end of November and to the typesetters by mid-November. Due to these deadlines, MMA Market Analyst Pouyan Zolfagharnia will be writing this week’s column. Ray will return next week, followed by Pouyan again the week after.
Enjoy this week’s column by an excellent writer and one of the top mundane astrologers in our field. Pouyan is the editor of the MMA Cycles Plus+ Monthly Report and covers Gold, Silver, NASDAQ, and Crude Oil.
REVIEW
“Signs of an AI bubble abound: Stock valuations have become uncomfortably rich, AI-related debt is ballooning, and a sustainable financial model for the technology has largely yet to emerge. Now Michael Burry, the investor who famously predicted the subprime-mortgage bubble bursting two decades ago, is betting that two stocks at the heart of the artificial-intelligence trade are set for a fall.
Burry bought options that will pay off if shares of Nvidia and Palantir drop, according to a securities filing on Monday. The bets involve more than $900 million of Palantir shares and more than $200 million of Nvidia shares at current prices.”
—Asa Fitch, “Michael Burry Returns With Two Big Shorts: Palantir and Nvidia,” The Wall Street Journal, November 4, 2025.
Since discovering astrology, I have been drawn to the idea of linking past market crashes with planetary movements to anticipate the timing and nature of the next financial bubble. I do not claim to have uncovered the full system, but it remains a worthy pursuit. In studying the 2008 crisis, I noted that Uranus, the planet of disruption and the boom-bust cycle, was in the water sign of Pisces. While Ray has correlated this period with a 77% fall in crude oil (an asset ruled by Pisces), I propose a broader view. Uranus occupied the water trigon of Cancer (homes and real estate), Scorpio (debt and credit), and Pisces (complex and obscure financial instruments such as mortgage-backed securities and collateralized debt obligations). These opaque products encouraged reckless risk-taking and fueled the bubble that eventually burst. With Pluto, the planet of manipulation, entering Capricorn, it was clear that the true architects of the collapse were the banks and financial institutions.
What, then, are the heavens revealing to us now, and is Michael Burry’s trade well-founded? Uranus has begun its ingress into Gemini, and after a brief return to Taurus, it will remain there for seven years from April 2026. The air signs govern the mind, ideas, communication, and technology, while Gemini rules programming, media, software, transportation, and trading. With Uranus, the planet of innovation, in Gemini, the sign of intelligence, the next boom-bust cycle may well emerge in artificial intelligence. As Pluto advances through Aquarius, the mantle of power shifts from the banks to the new tech oligarchs, the wealthy figures driving the AI revolution, who may be overvaluing its promise and burdening their enterprises with excessive debt. In short, while he may be a little early, Michael Burry does seem to be on the right track.
All three U.S. stock markets closed down this week, on the back of concerns over the monetization of AI technology and the vast circular spending within the industry. Consequently, the NASDAQ saw the biggest weekly drop since April. This was also reflected in Japan’s Nikkei, which formed an ATH early in the week, before giving it all back and dropping 6.7%. In fact, most indices fell across the board from the Australian ASX 200 to India’s Nifty, the UK’s FTSE 100, and the German DAX. China’s SSE index was more resilient, closing the week up, but still not able to take out last week’s ATH following the positive news of the U.S.-China trade talks.
In the Americas, the real talk of the markets has been Argentina’s Merval, having rallied over 90% over 7 weeks, following Milei’s decisive win in the 2025 mid-term elections. The Merval has now broken out of the bearish price channel that it has been in since January 2025. Brazil’s Bovespa index continues to rally to a new ATH this week. South Africa’s JSE has experienced a minor drop for three weeks following the October ATH.
The precious metals continue their consolidation within the bounds of the prior week. Bitcoin and Ethereum remain within a bearish pattern, putting in new lows in the time band for a primary cycle trough. Bitcoin ends its 30th week, having formed its major cycles in the 10th and 20th weeks. Crude Oil continues its long consolidation under the heavy presence of Saturn in Pisces. The grains continued their spectacular rally following the return of Chinese demand last week.
SHORT-TERM GEOCOSMICS
We had an important week of geocosmic activities with Mars opposing Uranus on Tuesday. In the geopolitical world, we saw President Trump and Putin ramp up the military (Mars) rhetoric around nuclear (Uranus) testing. We also saw the unfortunate crash (Uranus) of a UPS cargo plane as it exploded into a ball of flames a day after Mars (fire) joined Mercury (postal service) in Sagittarius (airplane).
With Venus squaring Pluto on Friday, many markets closed lower. Over the weekend, Mercury turns retrograde on Sunday, November 9 (2° Sagittarius), followed by Jupiter’s retrograde on Tuesday, November 11 (25° Cancer). Together, these planetary shifts mark an important critical reversal date and appear to be setting up a potentially strong trading opportunity across several markets.
For traders who want to stay ahead of these powerful cycles, the MMA Weekly Market Comments and Trade Recommendations. offer in-depth analysis and timely guidance each week.
LONGER-TERM THOUGHTS AND OPINION
“Zohran Mamdani won his race for mayor on Tuesday, and it wasn’t close. The people have spoken, for better or worse, and his voters were willing to take a risk on his radicalism in the name of change. We’ll soon learn if the 34-year-old Assemblyman has a pragmatic streak or sees his mission as making the city that never sleeps a socialist lab experiment.”
—The Editorial Board, “Zohran Mamdani Captures New York,” The Wall Street Journal, November 5, 2025.
The New York City mayoralty is one of the most powerful and visible local offices in the world. The city’s economy rivals that of many countries, and the office is often a stepping-stone to higher power, which is why Zohran Mamdani’s win has created such a buzz. Mamdani is widely seen as an idealistic but pragmatic progressive leader who blends grassroots activism with policy depth. He is young, charismatic, possesses intellectual rigor, and a sharp sense of justice, often described as both bold and collaborative. His leadership emphasizes inclusion, social equity, and moral clarity, often associated with the air signs of Aquarius and Libra. To understand the man, I turned to his natal chart.
The first thing that caught my attention was all the key 0° fixed sign placements. His Ascendant is 0° Leo, which explains his charisma and magnetic presence that draws attention as he radiates with confidence. His Sun is in Libra in the third house, making him a master communicator, persuasive, tactful, and seeking justice. The presence of Mars (0° Scorpio) also in the third house adds a strategic drive beneath the calm exterior. He knows exactly when to push and when to charm, yet he can be razor-sharp when agitated. His Mercury is on the IC, which suggests deep intellect and insight, allowing him to resonate with the masses and reach the heart of the issue. With a Uranus-Neptune conjunction in the sixth house, Mamdani is a visionary reformer of public institutions and services. Yet arguably the most important placement is Saturn bang on his Descendant at 0° Aquarius, along with the Moon also in Aquarius and the seventh house. People will project trust and stability onto him (Saturn), as he embodies the future-oriented, humanitarian archetype of Aquarius. The mix of Leo-Aquarius polarity gives him both the regal presence to lead and the progressive ethos to represent the people.
Having just written the chapter on the upcoming transit of Jupiter through Leo (Jun 2026 – Jul 2027) for the Forecast 2026 book, it was interesting to note that this transit often brings great leaders to the foreground. The likes of Mahatma Gandhi, Nelson Mandela, Martin Luther King Jr., Mustafa Kemal Atatürk, Reza Shah Pahlavi, Gamal Abdel Nasser, Franklin Roosevelt, Winston Churchill, and Joseph Stalin all shone bright in the history books as Jupiter transited the leadership sign of Leo. Jupiter was within a 5-degree orb of his ascendant when he won and will be transiting both his and President Trump’s first house. This is likely to propel them further into the limelight. It’s also worth noting that President Trump won his second term as Jupiter, the great benefic, was transiting his Sun sign of Gemini last November.
Yet the more important signature within Mamdani’s chart is his Saturn at 0° Aquarius. This is the exact degree of the December 2020 great conjunction between transiting Jupiter and Saturn, right on Mamdani’s structural axis of partnership and public engagement. The Great Conjunction is supposed to result in major social or political shifts, marking a new era in air signs. For Mamdani, this began a new era of visibility and legitimacy in the public sphere as he was first elected into public office as the representative of District 36 in November 2020. This week, Jupiter (25° Cancer) and Saturn (25° Pisces) were in a harmonious trine, reactivating that 2020 seed. This is the “reward phase” of the synodic cycle. He won the office of mayor with the Full Moon on his Midheaven and transiting Venus on his natal Sun. The real test and challenge for Mamdani will come at the opposition phase between Jupiter and Saturn, 2029-2031.
Looking at the synastry chart between Trump and Mamdani and without going into a lot of detail, the most interesting placement for me is Trump’s natal Jupiter conjunct Mamdani’s Sun. Jupiter expands whatever it touches. Trump’s Jupiter on Mamdani’s Sun amplifies Mamdani’s presence. It suggests that, paradoxically, Trump’s influence (even as a critic or rival) helped Mamdani grow in popularity. Mamdani’s ideals and political identity (Sun in Libra) found a broader platform in response to the Jupiterian (wealthy elite) figure Trump represented. Therefore, Trump’s criticism and threats to the people of New York, ironically, inflated Mamdani’s visibility. Mamdani was not wrong in identifying this influence when he asked Trump to “Turn the volume up” in his victory speech!
As always, I will end this week’s column with Aquarian advice from the poet Saadi, who devoted much of his writing to the ethics of rulership and the wise exercise of authority. I would urge all leaders to read Saadi’s Golestan (The Floral Garden) and Bustan (The Orchard), so that we might yet have a chance to build heaven on earth. Golestan, Book I: On Justice, Governance, and Counsel:
“The king who walks the path of justice,
His name shall endure in the goodness of time.
If he longs for his memory to live in blessing,
Let him not turn the hearts of the sorrowful away from kindness.”
ANNOUNCEMENTS
NOTE 1: THE NOVEMBER ISSUE OF THE MMA Monthly Cycles Report will be released this week, November 10-11. Late November historically begins a bullish period in U.S. stocks (“Santa Claus Rally”). Will it do so again this year, with Venus forming a grand water trine to the Saturn-Neptune conjunction and Jupiter? Each issue includes our outlook for the U.S. stock market (DJIA and S&P), Gold, Silver, Copper, Treasuries, the Euro currency, Crude Oil, and Soybeans. The MMA Monthly Cycles Report also provides MMA’s original geocosmic critical reversal dates (CRDs) and solar/lunar reversal dates for traders over the next several weeks, as well as trading strategies for both position and aggressive short-term traders.
If you would like to try a one-month subscription, you can sign up for the November report for only $35 — or save by ordering a three-report or twelve-report subscription.
NOTE 2: THE NEXT “SPECIAL MMA OPTIONS WEBINAR” WITH DEREK PANAIA, HOSTED BY RAYMOND MERRIMAN AND WYATT FELLOWS, WILL TAKE PLACE ON SUNDAY, NOVEMBER 23, AT 12:00 PM EDT.
Here’s how it works: Ray will be the emcee on the November 23 webinar and introduce Wyatt, who, along with Ray, will provide the outlook on cycles and geocosmic turning points in five markets (S&P, Gold, T-Notes, Soybeans, and one other market TBD). Derek will then present the option strategies with the best risk/reward potential based on Ray and Wyatt’s analysis and his own interpretation of additional supporting factors.
Derek will continue providing updates over the next seven weeks (November 25-January 15) for those who sign up for the Options+ group that follows. The Options Plus experience will be offered at a special price of $100. The total cost for both the webinar and the Options Plus updating of the trades will be $195. The new Options+ subscription service will be very active and interactive. It is the perfect complement for active traders who also subscribe to the daily and weekly MMA reports, as it builds on the outlooks in those reports and monitors them on a daily or as-needed basis to identify optimal option trades that arise intraday or intraweek within their forecasts. Derek will guide subscribers through the strategy behind each trade as it develops. It is an excellent way to learn MMA’s methodology by seeing it operate in real time!
The cost for the November 23 Options webinar is $95 for this 2.5-hour session (it may run longer). The special introductory rate for the seven-week Options+ group, which will continue through the end of the year, will also be $100 (total is $195 if ordering both).
Registrations for the November 23 MMA Options Webinar and Options+ follow-up are now open. To register, click here.
Note: Keep in mind that options trading is speculative. This webinar and the new subscription service that follows are designed for speculators who have a basic understanding of options. For those who do not, MMA offers a recording of Derek’s webinar on option principles, available on its website.
NOTE 3: FORECAST 2026 IS ON SCHEDULE TO BE COMPLETED BY DECEMBER 15!!!
MMA’s annual Forecast book is an astrological-themed almanac that has served students of cycles and markets since 1976. It provides a cyclical outlook on the collective world psychology, national economy, geopolitical overview, socio-cultural trends, weather and natural calamity potential, as well as financial market projections for the U.S. stock market (DJIA and NASDAQ this year!), the U.S. Treasury market, interest rates, Gold and Silver, currencies (the Euro, U.S. Dollar, Swiss Franc, and Japanese Yen), Bitcoin, Crude Oil, and Grain markets. Its valuable market timing forecasts are based on the historical correlation of market cycles overlapping with geocosmic planetary cycles. Additionally, it provides the three-star critical reversal dates for each market for the year, which have an 80+% accuracy over the years for trading cycle highs and lows when given an orb of three trading days. The book is approximately 250 pages (the largest ever because it’s our special 50-year anniversary publication), 8.5″ x 11.” The price of the Forecast 2026 print edition is $66, and the eBook will increase to $55.
MMA is also offering a special bundle discount for those who wish to order both the eBook and printed editions of Forecast 2026 for $86. The eBook typically becomes available one to two weeks before the print edition and avoids delays caused by the postal system — especially for those living overseas. However, many readers prefer the print edition, so ordering both through the Forecast 2026 Bundle makes sense. You will receive the Forecast 2026 eBook on December 15, and your print copy will be mailed in mid-December.
I ordered the Forecast 2026 book — this time in print — as I would like to have this 50th edition as a souvenir to remind me of the great insights I’ve received since reading your analysis and, more importantly for me, your view on life. — R.D., Netherlands
To pre-order this year’s 50th-Year Edition, click here. It’s special!
NOTE 4: SPECIAL ONE-YEAR ANNIVERSARY SALE ON THE JUPITER REPORT — YOUR MOMENTS OF OPPORTUNITY! The Jupiter Report was first introduced one year ago, in late September 2024. If you were one of the first to order then, it’s now time to update your outlook for the year ahead. The cost of your 14-month Jupiter Report is $69. However, starting this week, we’re launching a special one-year anniversary sale at $55 (a 21.5% discount) for those who order their next 14-month Jupiter Report.
The Jupiter Report is written by Raymond Merriman. It is a 30- to 40-page report that all traders (and even non-traders) will find highly valuable. It identifies the times during the year when Jupiter transits are highlighted in your natal chart and explains the meaning of Jupiter’s transits to your natal planets and angles over a 14-month period (including one month before your order date and one month after the year ends). As an added bonus, each transit is ranked on a scale from –3 to +3 in terms of favorability for trading. Traders may find this especially valuable! Would you like to know when you are under a +3 transit and therefore most likely to experience trading success? Or a –3 transit, with a stronger-than-usual potential for misjudgments and losses?
The Jupiter Report also makes an excellent holiday or birthday gift.
Here is a recent letter from our options expert, Derek Panaia, to the Options+ group, which closed out exceptional gains on five option trades presented in the July 13 webinar:
On a side note, I started using MMA’s Jupiter Report this year, so I only have a few months of history with it. But my first positive Jupiter aspects came in March/April this year. I was trading copper and had made a nice long trade and started buying puts for a dip. The puts did nothing for a week or so, then copper prices collapsed, and my puts went up sharply in one week. This started exactly on the same day my Jupiter Report showed a positive aspect. Well, fast forward a few months, and I have copper put spreads (the same put spreads you guys bought), and yesterday copper prices collapsed, and the puts made a lot of money. And guess what? This was one day before my Jupiter aspects started positive again. For me, it is amazing how accurate this report has been. I just wanted to share this, FWIW. The Jupiter Report from MMA is not very expensive, so if you guys use astrology in your trading, you might want to check it out.
NOTE 5: THE MMA SOLAR-LUNAR APP NOW OFFERS REVERSAL SIGNALS FOR THE DJIA, NASDAQ, GOLD, AND SILVER. It is an ideal tool to have in your back pocket if you are a short-term swing trader looking for high-probability dates that identify isolated lows and highs in these markets. The app is currently available only on Apple devices (iPhone and iPad). Plans are in progress to create an Android version of this app within the next 3-5 months, and a crypto app shortly thereafter. To learn more about the MMA app, click here. To order, go to the Apple App Store and search for Merriman Solar/Lunar Reversals.
NOTE 6: RECORDINGS OF MMA’S SPECIAL SIX-WEEK COURSE ON “THE BASIC PRINCIPLES OF GEOCOSMIC STUDIES FOR FINANCIAL MARKET TIMING” ARE NOW AVAILABLE!!! Led by Gianni Di Poce and supported by Ray Merriman, this course is designed to teach students the basic principles of planets, signs, and aspects (including retrograde and direct stations) as used in MMA’s market-timing methodology — one of its most important tools. The course explains which planets and signs rule the various sectors of the economy and financial markets. In addition, it covers how to use an ephemeris and astrological software (Solar Fire) for important routines such as calculating charts, generating transit “hit lists,” and identifying signs, ingresses, planetary stations, and aspects — the essential cosmic features necessary for determining market reversal periods.
The course is especially useful for those interested in taking the MMTA4 program, which began on September 27, or for anyone wishing to deepen their astrological knowledge. The cost for these six introductory lessons, each lasting about two hours, is $300. This is a great opportunity to learn basic astrology from a master economic astrologer! Click here to order now!
NOTE 7: THE MMA WEEKLY YOUTUBE SHOW, GEOCOSMIC WEEK IN REVIEW AND LOOK AHEAD, WITH GIANNI DI POCE, IS CONDUCTED ON WEDNESDAY EVENINGS! Each 5- to 20-minute FREE episode reviews the previous week’s market activity and offers a preview of the geocosmic signatures in effect for the coming week and beyond.
NOTE 8: MMA’S FREE WEEKLY COLUMN PODCAST IS AVAILABLE ON SPOTIFY, APPLE, AND AMAZON! Now you can listen to a podcast of this weekly column by Thomas Miller every Saturday! Thomas has an excellent voice and brings the weekly column to life in a personable and, at times, humorous fashion. Just follow Merriman Market Analyst on Spotify or Apple to listen to all our episodes. A new podcast episode is released every weekend. This is a FREE service and is available to everyone. Check out our podcasts on Apple, Spotify, and Amazon Music. It makes for great listening!
NOTE 9: COMING SOON! EVOLUTIONARY ASTROLOGY: THE JOURNEY OF THE SOUL THROUGH STATES OF CONSCIOUSNESS, by Raymond Merriman, written in 1993, is being released as an audiobook narrated by Thomas Miller. The first edition, originally published in 1977, introduced this remarkable subject to the astrological community, where it has since become one of the field’s major branches. Get ready to listen to the original work on Evolutionary Astrology that brought a spiritual perspective to the study of astrology from the late 1970s through today. More information about the availability of this audiobook will be announced shortly.
EVENTS
NOVEMBER 23, 2025: OPTIONS WEBINAR WITH DEREK PANAIA, RAY MERRIMAN, AND WYATT FELLOWS — NOON EST. A new subscription service to Derek’s Options+ group will begin immediately after that webinar for those who are serious about options trading.
MAY 20-24, 2026: MMA’S NEXT INVESTMENT RETREAT, LAKE BLED, SLOVENIA. Save the date! Registration will open in December. The presentations will also be available via Zoom for those unable to attend in person. The theme will focus more on market timing and trading at this event. It’s going to be great!
Disclaimer and Proper Use of This Information
Disclaimer and statement of purpose: The purpose of this column is not to forecast the future movement of various financial markets. However, that is the purpose of the MMA (Merriman Market Analyst) subscription services. This column is not a subscription service. It is a free service, except in those cases where a fee may be assessed to cover the cost of translating this column from English into a non-English language. This weekly report is written with the intent of educating the reader on the relationship between astrological factors and collective human activities as they occur. In this regard, this report will often cite what happened in various stock and financial markets throughout the world in the past week and discuss those movements in light of the geocosmic signatures that were in effect. It will then identify the geocosmic factors that will be in effect in the next week, month, or even years, and the author’s understanding of how these signatures may affect human activity in the times to come. The author (Merriman) will do this from the perspective of a cycle analyst looking at the military, political, economic, and even financial markets of the world. It is possible that some forecasts will be made based on these factors. However, the primary goal is to both educate and alert the reader to the psychological climate we are in from an astrological perspective. The hope is that it will help the reader understand the psychological dynamics that underlie (or coincide with) the news events and their potential effect on financial markets.
No guarantee as to the accuracy of this report is being made here. Any decisions in financial markets are solely the responsibility of the reader, and neither the author nor the publishers of this column assume any responsibility whatsoever for anyone’s trading or investment decisions. Readers of this report should understand that commodity futures and options trading are considered high-risk.