The 7/01/17 Weekend Report Preview

The Dollar
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The dollar breaking lower on Tuesday signaled that it is still declining into its yearly cycle low. The decline into the yearly cycle low is obscuring our daily cycle counts. What is clear is that the dollar is in a daily downtrend. The dollar will continue in its daily downtrend until it closes above the upper daily cycle band.

Under the premise that a cycle cannot failed, then break to a new high without beginning a new daily cycle leads me to believe that day 39 hosted the DCL instead of June 5th. That would mean make Friday day 27, placing the dollar in its timing band for a daily cycle low. With the TSI at a level that has marked other DCL’s, once a swing low forms it will likely signal a new daily cycle.

Stocks
stocks

After peaking on day 21, stocks formed a swing high and broke convincingly below the daily cycle trend line on Tuesday to confirm the daily cycle decline.

Stocks printed their lowest point on Thursday, tagging the 50 day MA. Thursday was day 29, placing stocks 1 day shy of its timing band for a daily cycle low. A swing low and a break of the declining trend line will confirm that day 29 hosted the daily cycle low. Stocks remain in a daily uptrend. Stocks will continue in their uptrend until it closes 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

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You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

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2 thoughts on “The 7/01/17 Weekend Report Preview

  1. Hi , The dollar is troublesome on the daily count.I’ve got the daily low in at 5th may at 29 days LT. This also provides the needed trend line break for a new cycle.From that date its now in the current daily at 38 days and seeking out the low anytime now. Kind regards

    • The dollar is dropping into its yearly cycle low and that decline is obscuring our daily cycle counts. But what is clear is that the dollar is in a daily downtrend. It will continue in its daily downtrend until it closes back above the upper daily cycle band.

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