The 10/23/15 Weekend Report Preview

The Dollar
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The ECB’s signal on Thursday of its readiness to expand its quantitative easing program sent the dollar surging higher Thursday and Friday.

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The dollar broke above both 50 day MA the 200 day MA on Thursday and ended up closing above the upper daily cycle band to signal a new daily uptrend. The dollar continued higher on Friday and closed above the previous daily cycle high to begin a new pattern of higher daily cycle highs. The dollar could still roll over by day 8 and form a left translated cycle. But if the dollar makes more gains on Monday, then it will break above the declining weekly trend line.

Stocks
stockshttp://postimg.org/image/69wujdu9x/

Stocks continued higher this week regaining the 200 MA on Friday, thus recovering from August’s mini crash.

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Friday was day 18 for the daily equity cycle. Stocks are getting closer to locking in a right translated nature to this daily cycle. Stocks continued to closed above the upper daily cycle band affirming that stocks are in a daily uptrend.

The entire Weekend Report can be found at Likesmoney Subscription Services

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

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

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