The 10/23/15 Weekend Report Preview

The Dollar

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

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

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

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