The 11/04/16 Weekend Report Preview

The Dollar
$$$

The dollar’s daily cycle peaked on day 33, formed a swing high, and then lost the 10 day MA on the previous Friday. Tuesday the dollar was firmly rejected by the 10 day moving average and closed below the upper daily cycle band to signal the daily cycle decline.

Friday was day 41 for the dollar’s daily cycle. The dollar should break below the daily cycle trend line before completing its daily cycle decline. The dollar is still in a daily uptrend. A close below the lower daily cycle band would indicate an end of the daily uptrend.

Stocks
stocks

Stocks closed below the lower daily cycle band the previous Friday and continued lower this week.

Friday was day 39 for the daily equity cycle. Stocks are in their timing band for a daily cycle low. A swing low and a break of the accelerated (blue) declining trend line will signal a new daily cycle. Stocks are in a daily downtrend. They will remain in its daily downtrend until they close back above the upper daily cycle band.

The TSI has breached the level that has marked other cycle lows.

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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