Light at the End of the Tunnel …

0 light

The following is an excerpt from the Weekend Report. A free sample of the Weekend Report can be found here: http://likesmoneystudies.wordpress.com

Free Image Hosting at www.ImageShack.us

The CRB
Free Image Hosting at www.ImageShack.us

While gold and the Miners are still searching for a daily cycle low, the CRB Index is the light at the end of the tunnel showing the way.

 photo 51CRBdaily.jpg

The CRB had been in decline since August. A new daily low formed in October only to see it peak on day 5. The CRB then dropped. The CRB needed two weeks in the beginning of November to consolidate the move lower by forming a congestion reversal. While the CRB was consolidating the True Strength Indicator was forming a strong bullish divergence. Once clear of the congestion zone, the CRB rallied. Friday saw the CRB print another daily high on day 12.

 photo 52crbweekly.jpg

The weekly cycle is also beginning to show some bullish signals. A weekly swing low has formed which signals that week 21 was the intermediate cycle low. While we do need a break of the declining trend line to confirm a new intermediate cycle, there is a bullish crossover on the weekly True Strength Indicator.

And oil and NATGAS have been leading the charge for the CRB.

 photo 53clyearly.jpg

Oil’s yearly cycle peaked in September and declined into November. Already we see that December has formed a monthly swing low signaling a new yearly oil cycle.

On to NATGAS

$ NATGAS Sharp Charts Workbench Stock Charts co
free image hosting

NATGAS has had a nice run out of the early November intermediate low. The bearish reversal at 21 days just may be a daily cycle top. A break below 4.10 forms a swing high. I expect a brief decline before resuming launching into another rally.

$ NATGAS Sharp Charts Workbench Stock Charts co

At 4 weeks the intermediate cycle is still young. We could see two more daily cycles before the next intermediate low is due.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CCI Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

To subscribe: http://likesmoneysubscriptionservices.wordpress.com/

For subscribers: the full Weekend Report can be found at Likesmoney Subscription Services at http://likesmoney.wordpress.com/

Advertisements

One thought on “Light at the End of the Tunnel …

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s