Employers added 261,000 nonfarm jobs, more than expected and in line with the previous month’s 263,000. The unemployment rate edged higher to 3.7%, up from 3.5% in September. Hourly pay remained brisk rising at 4.7% year over year, matching September. – “October’s Jobs Report Solid, Making Fed’s Inflation Fight Harder,”, November 4, 2022. 

“Since 1942, there have been 20 midterm elections… US stocks climbed higher in the next 12 months after every single one.” ­– Stephen McBride, Risk-Hedge Report, “Should You Sell Your Stocks Ahead of Tuesday’s Big Election?”, November 3, 2022.

We are back to the state of five retrograde planets following the turn of Mars on October 31. This, on top of the potent T-square between the Sun/Venus in Scorpio opposing Uranus in Taurus and square Saturn in Aquarius, November 5-11, now in its orb of influence. And this is in addition to the lunar eclipse on November 8, right in the middle of the T-square, and also the date of the U.S. mid-term elections. The good news is that the geocosmic hurricane/tsunami season for financial markets (and geopolitics) ends after that.

For now, financial markets are starting off every bit as wild as these cosmic signatures suggested they would. On Wednesday, the DJIA reached 33,071, its highest level since August 26 and up over 4400 points since its yearly low of three weeks ago. By the next day, Thursday, November 3, it had dropped to 31,727, a swing of 1344 points in one day. The next day, Friday, it was back up over 400 points. It makes one wonder what will happen now that both Venus and the Sun will oppose Uranus November 5-9, with Saturn square to each through November 11.

The pattern was similar in many world indices. That is, most have rallied since their yearly lows of September 28-October 3 or October 13, to highs last week, followed by quick, sharp declines into Thursday and a rally on Friday. In Europe, the rally into Friday was most significant for the German DAX and London FTSE indices, which soared to their highest levels since September 13-14.

In Asia and the Pacific Rim, the pattern was similar for the Nikkei and the Australian ASX. Both continued to make new cycle highs into November 2 since their lows of October 3, then both sold off into Thursday-Friday. In India the Nifty also made a new cycle high on November 2, but didn’t sell off much before recovering on Friday. The high of November 2 was its highest mark since January 18. For China and Hong Kong, it was a little different. The Shanghai Composite in China made a double bottom on October 31, as Mars turned retrograde, to its yearly low of April 27, then rallied sharply into Friday. The Hang Seng of Hong Kong dropped to a new multi-year low, also on October 31, and then like the SSE, rallied sharply into Friday. It appears the Chinese markets are coming out of their long slumber, which would bode well for the rest of the world’s stock markets.

There was greater excitement in precious metals last week. Gold fell to a new yearly low of 1618 on Thursday, but by Friday, it was back up above 1680 to its highest price in three weeks. Silver fell to 18.80 on Thursday, well above its recent lows, and then blasted off on Friday to a high of 20.96. This fits well with our forecast based on cycle studies, which suggest we could see $30 Silver soon if 21.50 can be exceeded.

Bitcoin and Ethereum are showing renewed life as well. Both rallied to their highest prices since September 13. If they can avoid a major selloff this week, both may be the early stages of a new bullish run.

With Jupiter returning to Pisces on October 28, Crude Oil prices are also rising smartly, soaring to a new multi-week high of 92.87 on Friday, making President Biden’s “trade” of drawing down the Strategic Petroleum Reserves when the price was in the low 80’s – to their lowest price since the 1980’s – while publicly announcing he would buy back at $70-75, a questionable decision involving national security and speculative use of taxpayers’ monies for possibly political reasons. The timing appears to be an unsuccessful and costly attempt to drive down oil prices going into the mid-term elections. Why would he announce his “trading plan” publicly at the time? Or at any time, in a matter related to national security?


The oil industry “has not met its commitment to invest in America and support the American people,” Biden said. They’re not just making a “fair return” he said, they’re making “profits so high it is hard to believe. I think it’s outrageous. If they passed those profits on to consumers, gasoline prices would be down about 50 cents.” – Reuters, “Biden Calls on Oil, Gas Companies to Stop ‘War Profiteering,’ Threatens Windfall Tax,” November 1, 2022. 

“I’m not sure [I] understand the argument for a windfall profits tax on energy companies,” Summers said on Twitter Tuesday morning. “If you reduce profitability, you will discourage investment which is the opposite of our objective.” – Larry Summers as reported by Matt Egan, “Biden’s Oil Windfall Tax Would Backfire, Warns Larry Summers,”, November 1, 2022.

The windfall tax proposal repudiates everything Mr. Biden says about wanting lower energy prices. – Wall Street Journal Editors, “Energy Policy for Dummies,” November 2, 2022.

We are not big fans of fossil fuel drilling and oil companies making huge profits in a time that inflation is affecting large segments of the population. But we are concerned about the existential threat involved in national security with Jupiter set to return to Aries in mid-December. Therefore, we still need to produce oil and gas while at the same time continuing to grow the alternative and renewable energy markets, just as the state of Oklahoma is doing, as reported in “Oklahoma’s Energy Balancing Act” by Alex Irwin-Hunt at (September 23, 2022). Our focus in this column pertains to the education of geocosmic signatures related to movements in financial markets. In this case, rising energy prices correlate with the return of Jupiter into Pisces, October 28-December 20, 2022.

For the week ahead, we have the lunar eclipse in Taurus (Sun in Scorpio) on Tuesday. A lunar eclipse is when the shadow of the earth blocks out the view of the Moon. The Earth is in between the Sun and Moon. This makes it a “special” full Moon in the sense that the opposition implied by the full moon is intensified. It’s a time of conflict, in the study of astrology, which can be transitioned into a period of heightened awareness. The challenge is to resolve the conflict, whatever it is, between the past (emotional, Moon) and the future (vitality, Sun). In other words, you can’t advance cleanly into the future as wished until the emotional issues of the past, sometimes referred to as “karma,” are confronted and resolved. Once resolved, a big weight is removed and a lightness of being is created in relationships.

With the lunar eclipse Taurus, people want security, stability, comfort and safety. The Moon is exalted in Taurus. But the Sun in Scorpio likes to court danger and taboo. While the Moon in Taurus is also conjoined with Uranus, the Moon is not likely to get its wish for comfort and safety through diplomacy or just being “nice,” for Uranus is the planet of disruption, disagreement, refusal to acquiesce, and often the result of an urge to get attention, even if via shock. Thus, we need to be prepared for a “shock” of some sort, whether in the geopolitical or financial realm, or via nature. Also, the time frame in which a lunar eclipse is operative seems to be about three weeks before and after the actual cosmic event. Although the peak of “energy,” of course, is during the moment of the event itself.

Once the eclipse period is over, there are no further “disruptions” by Uranus until the last few days of December when Jupiter returns to Aries (December 20) and forms its last of three semi-squares to Uranus (December 23-24). The most recent semi-square to Uranus was on September 28, which was near the end of the last stock market plunge to their yearly lows. But relax. Third passages are not usually as strong as the first two. The future looks brighter and a little more stable in 2023, especially after mid-May. We cover that in great detail in the forthcoming Forecast 2023 Book (see announcements below).


NOTE 1: THE SALE IS OVER BUT YOU CAN STILL PRE-ORDER FORECAST 2023 prior to December 9 to ensure the fastest delivery time once the printing is completed.

The price for the printed edition of Forecast 2023 is now $66 as supplies last . And the price for the eBook edition will remain at $55, once the book is completed.

Offer to consider: With printers dealing with supply problems in getting paper, we cannot guarantee the printed edition of this year’s book will be completed on time for delivery by December 25. It may or not be. We think it will. We do know that the book will be written and turned in on time, as usual, and the eBook will be ready on or around December 16. Therefore, purchasers of the printed edition may wish to also order the eBook this year to make sure they at least get the text in time. MMA offers a “bundle” purchasing plan where those who order the printed edition can also order the eBook for only $20.00. That way, you will be assured of receiving the text for reading over the holidays in case the printed edition of the book is not able to be delivered prior to December 16 as planned.

MMA is again publishing a book dedicated to the yearly trends for the twelve individual signs. The book, Trends for the Twelve Signs 2023, is written by Antonia Langsdorf-Merriman and Raymond Merriman. Antonia has written an annual Sun Sign book in German for the past several years, based on interviews conducted with Raymond beforehand. We will follow a format this year where Langsdorf covers the health and relationships outlook and Merriman covers the business, career, and overall psychological outlook of each sign for the year. The cost of this book is $30, with a further discount if ordered together with Forecast as part of the Forecast 2023 Ultimate Bundle.

This year’s printed and eBook versions of Forecast 2023 will also be available in these languages:

German: or email at



We created an updated list of our most common Forecast FAQs to help this Forecast season. 

NOTE 2: THE NOVEMBER ISSUE OF THE MMA Monthly Cycles Report will be released this week! Now that the most intense geocosmic signatures of the year are passing, what is next for financial markets? Has the stock market begun a new bull run? Is the multi-year sell off in currencies and treasuries about over? What about Gold and Silver? Will Silver rise to $30.00? This is yet another very important market timing period for many financial markets. Every issue provides an intermediate-term investors’ and near-term traders’ outlook for the U.S. stock market, Gold, Silver, Treasuries, Euro Currency, Crude Oil, and Soybeans. Each issue also contains MMA’s original geocosmic critical reversal dates (CRDs) and Solar/Lunar reversal dates over the next several weeks for DJIA, Gold, and Silver, complete with trading strategies for position traders during the next month. If you are not a subscriber to the monthly MMA Cycles Report and would like a copy of MMA’s outlook for financial markets, consider trying the November issue for only $35. For an additional $20, you can also receive the next issue, due in two weeks, of the MMA Monthly Cycles Report Plus+ edited by Pouyan Zolfagharnia, which has become a very popular addition to the MMA Cycles Report (less technical, more visual, high-quality analysis and update on MMA Cycles Report markets). 

NOTE 3: We are also pleased to report that starting with this month’s issue of the MMA Cycles Report on November 8-9, we will be adding analysis of the Copper market, written by MMTA graduate and portfolio manager Matthieu Kaiser of Paris, France. We are very excited about this addition, as Matthieu has conducted exceptional research studies identifying long-term, intermediate-term, and short-term cycles in the Copper market. Many consider the Copper market to be a leading indicator of the world economy and stock markets. Stay tuned for the first edition of this new market coming out this week!

NOTE 4: ANNOUNCING THE NEW MMA CYCLES GRAIN REPORT! It’s coming in late January 2023. Edited by top MMTA graduate Wyatt Fellows, this report will provide excellent cyclical and geocosmic analysis on Soybeans, Corn, Wheat, and Cotton. Wyatt owns and operates a large farm in Wisconsin and has a deep understanding of the cycles and fundamentals connected with grain markets. This is a report that all farmers, people connected with the grain business, and traders will want to have access too. We have sent out two Cotton studies by Wyatt so far and the response has been excellent. We will be sending a free sample of this new grain report before January, at which time you will be able to sign up and subscribe to this report if you wish for a special introductory rate. Stay tuned!

NOTE 5: TUNE INTO MMA’S NEW WEEKLY YouTube Channel on the geocosmic climate related to financial markets hosted by MMTA Educational Director Gianni Di Poce. New videos are recorded and released every Friday night. These 5-15 minute video presentations review market activity of the past week and offer a preview of the geocosmic signatures in effect for the next week and beyond. You may subscribe to MMA’s YouTube Channel today at no cost and get announcements when each geocosmic market review is ready for viewing! To view this week’s MMA YouTube episode, click here.


January 6, 2023: MMA CHINA WEBINAR FORECAST 2023 WEBINAR! Financial markets review for the China SSE stock index, Gold, Crude Oil, DJIA and Bitcoin: Details and registration will be announced soon.

February 19, 2023: ANNUAL MMA FORECAST 2023 WEBINAR with Ray Merriman. Details and registration will be announced soon.

March 18, 2023: Tentative beginning date of the next series of MMTA Courses. We will have exciting news on this in December when enrollment begins for a limited number of students to be accepted for our third 2-year program. We also hope to have a video available for viewing then of interviews conducted with those who completed the second MMTA program in September 2022. Stay tuned! 

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 to educate the reader on the relationship between astrological factors and collective human activities as they are happening. 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 that movement 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, or even 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 cycles’ 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 as 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.