The 10/14/16 Weekend Report Preview

The Dollar
$$$

The dollar continued to rally this week, closing at its weekly high on Friday.

Friday was day 26 for the daily dollar cycle. That places the dollar in its timing band to seek a daily cycle low. A swing high at this point should signal that start of the daily cycle decline. The dollar has been closing above the upper daily cycle band to establish a daily uptrend. The dollar will remain in the daily uptrend until it closes below the lower daily cycle band.

Stocks
stocks

Stocks formed a daily swing low on Friday.

The daily swing low that formed on Friday is still 6 days shy of the normal timing band for a daily cycle low. Stocks broke below their previous daily cycle low on Thursday, forming a failed daily cycle. With the technical level of support from the previous daily cycle low broken, we should see 7 to 10 days of panic selling before stocks print their final daily cycle low.

But we need to keep an open mind that an early daily cycle low formed on Thursday. Since the last daily cycle was a bit extended at 53 days it is reasonable to see a slightly shortened daily cycle here, which would balance out the daily cycle counts. We would need to see a break of the declining trend line to confirm a new daily cycle.

Even if stocks began a new daily cycle on Thursday, any rally would likely be short lived. The weekly charts indicate that stocks are too early in their weekly cycle for an intermediate low to print. Also there has been no large Buying on Weakness numbers that is usually prints preceding an intermediate cycle low.

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

Advertisements

One thought on “The 10/14/16 Weekend Report Preview

  1. are you still running the special you had posted last week? If so, I’d like to join and take another trial. I have just stopped another cycle newsletter and I’m evaluate and to follow someone else.

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