The 1/23/21 Weekend Report Preview

The Dollar

The dollar was being squeezed by the declining 50 day MA and the rising 10 day MA until Thursday.

The dollar closed below the 10 day MA on Thursday, setting up a left translated daily cycle formation. A close below the lower daily cycle band indicate the daily cycle decline. The dollar is in a daily downtrend. The swing high indicates that the dollar will continue in its daily downtrend a signals a cycle band sell signal. This would align with a continuation of the intermediate cycle decline.

Stocks

Stocks have not delivered anything that we could recognize as a DCL. Stocks have been stair stepping higher and then consolidating in order to allow the 10 day MA to catch up to price.

Stocks formed a swing low on Tuesday then broke out above the (green) consolidation box on Wednesday. Stocks ended the week backtesting the recent consolidation box.

And a swing low off of Friday’s candle will indicate that breakout continues to advance.

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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