The 5/13/16 Weekend Report Preview

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

The dollar is currently in a daily down trend as characterized by peaks below the upper daily cycle band and lows below the lower daily cycle band.

The dollar printed its lowest point in day 15. The swing low and close above the lower daily cycle band signaled that day 15 was an early daily cycle low. The dollar continued to rally, printing a higher on Friday day 8. If the dollar can close above the upper daily cycle band that will signal a new daily uptrend and indicate that the intermediate cycle low has been set.

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

Stocks printed their lowest point on day 58, following the day 47 peak. Stocks did form a daily swing low off the bullish reversal on day 58. Stocks are deep in their timing band to print a daily cycle low. We are still waiting on a close above the declining trend line to confirm the new daily cycle.

There has been no break of the declining trend line to confirm a new daily cycle. So if stocks break below the day 58 low, that would extend the daily cycle decline. However stocks are still in a daily uptrend. They will remain in the daily uptrend until they close below the lower daily cycle band.

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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One thought on “The 5/13/16 Weekend Report Preview

  1. Thank you for your offer of a free weekend report. Please extend it to my email per this post. With all good wishes and Best Regards.

    Tony Teo

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