The 8/05/16 Weekend Report Preview

The dollar printed its lowest point on Tuesday, day 27. That places the dollar deep in its timing band for a daily cycle low.

The dollar has:
* Formed a swing low in the timing band for a daily cycle low – check
* Delivered a bullish TSI Crossover – check

I think that it is likely that the dollar has formed a daily cycle low. But the dollar still needs to the follow to confirm a new daily cycle:

* Regain the 10 day MA – no check
* Deliver a Bullish TSI Zero Line Crossover – no check
* Break above the declining trend line – no check

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

Stocks had been consolidating for the past 3 weeks since emerging from its 6/27 intermediate cycle low. Stocks finally broke lower on Tuesday, day 26. With stocks nearing their timing band for a daily cycle low, any bearish follow through would signal the daily cycle decline.

But stocks never delivered any bearish follow through. Then on Friday stocks broke higher, printing a new daily cycle high. That makes Tuesday the half-cycle low which will allow us to draw a daily cycle trend line. Stocks are in a daily uptrend & will remain so unless 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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