The 1/10/20 Weekend Report Preview

The Dollar

The dollar printed its lowest point on day 11. That should have been too early for a daily cycle low to form.

However with the currency manipulation and the conflict in the Mideast it certainly appears as if an early DCL formed. The dollar formed a swing low and closed above the 10 day MA. It is running into resistance at the converging 50 day MA and the 200 day MA. A close above these two moving averages would confirm that day 11 was an early DCL. The dollar is in a daily downtrend.  It will remain in its daily downtrend unless it closes back above the upper daily cycle band.


Stocks printed a new daily cycle high on Friday.

Friday was day 26 for the daily cycle. The new high on Friday locks in a right translated daily cycle formation which aligns with stocks begin in a daily uptrend. There are bearish divergences developing on the oscillators, which often precede a cycle decline. Stocks did printed a bearish candle on Friday, which eases the parameters for forming a daily swing high. A break below 3260.86 will form a daily swing high. Then a break below the daily cycle trend line will signal the daily cycle decline. Stocks are in a daily uptrend.  Stocks will remain in their daily uptrend unless they close below the lower daily cycle band. 

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The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
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2 thoughts on “The 1/10/20 Weekend Report Preview

  1. Maybe not ccy manipulation/iran conflict but rather that the Euro had to close its DC — now on day 28.
    So, dxy may have set a HCL on day 11 last week.

  2. Euro swing low off 50dma support.
    Yen also ripe to exhaust at 200dma.
    Gold:Silver ratio also topping at 200dma.

    All stars aligned to allow PM and euro higher and particularly Silver to outperform everything else –> en route to take 21.4 top.

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