The 7/28/14 Weekend Report Preview

The Dollar
$$$

The dollar continued lower this week printing its lowest point on Thursday, day 46.

At 46 days the dollar is very deep in its timing band for a DCL so once a swing low forms it has good odds of marking the DCL. A break above 93.95 forms a swing low. A break 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 can close above the upper daily cycle band.

Stocks
stocks

Stocks printed a new high on Thursday, day 19. A new high on day 19 begins to shift the odds towards a right translated cycle formation.

The daily oscillators have turned bearish signaling an impending daily cycle decline. A break below the day 19 high of 2459.93 would form a daily swing high to signal the start of the daily cycle decline. However, Friday’s 413 million Buying on Strength point to stocks continuing higher. Stocks continue to close above the upper daily cycle band indicating a daily uptrend. Stocks will remain in their daily uptrend until 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

Advertisements

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