The 7/07/17 Weekend Report Preview

The Dollar
$$$

The dollar printed it lowest point on 6/30/17. That was day 28 placing the dollar in its timing band for a DCL.

The dollar has formed a swing low off the day 28 low but has been contained by the declining 10 day MA. The dollar will need to close above the 10 day Ma to signal the new daily cycle. A close above the declining trend line will confirm the new daily cycle. The dollar is in a daily downtrend and will continue in its downtrend until it closes above the upper daily cycle band.

Stocks
stocks

Stocks printed their lowest point on 6/29, tagging the 50 day MA. That was day 29, placing stocks 1 day shy of its timing band for a daily cycle low.

Stocks closed below the 50 day MA on Thursday and rallied on Friday, but was contained by the declining 10 day MA. I think that the close below the 50 day MA makes it more likely to see stocks break below the day 29 low of 2405.70 in order to complete its daily cycle decline. However a break above the day 29 high of 2442.73 would form a daily swing low to signal a new daily cycle. 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

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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