The 4/08/16 Weekend Report Preview

The Dollar
$$$http://postimg.org/image/8jp4ugbcv/

The dollar formed a swing low on Friday.

Thursday was day 13 for the daily dollar cycle. That is 5 days shy of the dollar’s timing band to print a daily cycle low. So there is still time for another push lower before forming a daily cycle low. The dollar is in a daily down trend. It will remain in a down trend until it can close above the upper daily cycle band.

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

Stocks remain above the upper daily cycle band, indicating a daily uptrend. Friday’s huge Selling on Strength number indicates that stocks still need to complete their daily cycle decline.

Following the day 29 swing low, stocks went on to print a higher high on day 34. A swing high formed on day 36 that coincided with a TSI trend line break. The True Strength Indicator then delivered a bearish zero line crossover on Friday which indicates the daily cycle decline is imminent.

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

Advertisements

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