The 2/07/14 Weekend Report Preview

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The dollar’s daily cycle peaked on the previous Friday, which was day 5.

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The dollar went on to print a bearish reversal on Monday. The dollar also formed a swing high. Thursday saw the dollar break below the daily cycle trend line signaling a daily cycle decline. The dollar provided more downside follow through on Friday.

The dollar failed to regain the 200 MA during this during this intermediate cycle that began in October. Now with a day 5 peak and a break of the daily cycle trend line, the dollar is poised to lose the 50 MA next week. Once that happens we should see the dollar sink into its intermediate cycle decline.

Stocks
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Stocks opened up on Monday by plunging over 2% after the previous week was spent in a mid-point consolidation. That plunge broke below the previous daily cycle low causing the daily cycle to fail. A failed daily cycle is the signal for an intermediate cycle decline.

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After a lower low printed on Wednesday, stocks reversed printing a bullish reversal. Stocks went on to regain the previous week’s loss on Thursday and Friday. The strong finish to the week saw stocks break the declining trend line to make Friday day two of a new daily cycle.

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

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

A free sample report can be found here: http://likesmoneystudies.wordpress.com/

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