The 11/14/20 Weekend Report Preview

The 11/14/20 Weekend Report

Posted on 

The Dollar

The dollar printed its lowest point on day 13. With all of the currency manipulation it is certainly possible that day 13 was an early DCL.

However, the dollar remains contained by the declining 10 day MA. Any bearish follow through will continue the daily cycle decline. Currently, the dollar is in a daily downtrend. If the dollar forms a swing high it will remain in its daily downtrend and trigger a cycle band sell signal. A break below 92.59 will from a. daily swing high.

Stocks

Despite Monday’s bearish reversal, stocks remain in a daily uptrend.

Stocks did have a false breakout in early September. Monday’s bearish reversal looked like stocks once again formed a false breakout. However, stocks printed a bullish reversal on Tuesday at the neckline support. Stocks backtested the neckline support on Thursday then formed a swing low on Friday. A break above Monday’s high of 3645.99 would mean that a bubble scenario is back on the table.

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

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 )

Google photo

You are commenting using your Google 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 )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.