The 9/21/19 Weekend Report Preview

The Dollar

The dollar printed its lowest point on day 27, placing it in its timing band for a daily cycle low.

The dollar is being squeezed by the declining 10 day MA and the rising 50 day MA. The dollar did close above the 10 day MA and breached the declining trend line on Friday to indicate that day 27 was the DCL. The dollar should deliver a convincing break above the declining trend line to confirm the new daily cycle. Currently, the dollar is in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks printed a new daily cycle high on Thursday, day 32, locking in a right translated daily cycle formation

Friday was day 33, placing stocks in their timing band for a daily cycle low. Stocks formed a swing high and closed below the 10 day MA on Friday, indicating the daily cycle decline. Stocks should go on to break below the daily cycle trend line as it seeks out its DCL. Stocks are in a daily uptrend. And if a swing low forms above the lower daily cycle band then stocks will remain in their daily uptrend and signal a cycle band buy signal.

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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