The 2/24/17 Weekend Report

The Dollar
$$$

Friday was day 15, placing the dollar 3 days shy of entering its timing band for a daily cycle low. While the dollar breached the daily cycle trend line, it did not deliver a clear and convincing break below the daily cycle trend line nor did it close below the 10 day MA.

Day 9 remains as the daily cycle peak, which favors a left translated cycle formation. The dollar needs to break convincingly below the daily cycle trend line to confirm the daily cycle decline. The dollar still is in a daily downtrend. Therefore once the dollar breaks below the daily cycle trend line that should lead to the dollar breaking below the previous daily cycle low of 99.19 to form another failed daily cycle.

Stocks
stocks

Friday was day 37 for the daily equity cycle, placing stocks in their timing band to seek out a daily cycle low.

Stocks did form a swing high on Friday but still managed to close higher. A swing high and a loss of the 10 day MA will signal the start of the daily cycle decline. A new high on day 36 locks in a right translated daily cycle formation. Stocks continue to close above the upper daily cycle band maintaining its daily uptrend. Stocks will remain in its 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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