The 9/02/16 Weekend Report Preview

The Dollar
$$$

The dollar’s daily cycle peaked on day 9 where it was rejected by the 200 day MA. The dollar formed a swing high, loss the 50 day MA and appeared to have begun its daily cycle decline.

The bullish reversal that formed off the 10 day MA on Friday keeps alive the possibility of a right translated daily cycle formation. At this point the dollar should not regain the 50 day MA or the 200 day MA unless it has begun a new intermediate cycle.

Stocks
stocks

Stocks may have printed a very shallow 47 day, daily cycle low on Thursday

Stocks did print their lowest point on Thursday, following the day 34 peak. At 47 days, that places stocks late in their timing band for a daily cycle low. Stocks did form a swing low on Friday. A break above the day 34 high of 2193.81 indicates that day 47 was the daily cycle low. Stocks are in a daily uptrend and will continue in their daily uptrend 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, Oil, & 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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