The 8/07/21 Weekend Report Preview

The Dollar

A bullish reversal formed on day 45 to place the dollar late in its timing band for a daily cycle low.  

The dollar formed a swing low on Wednesday then delivered bullish follow through on Friday. The dollar closed above both the 10 day MA and the upper daily cycle band on Friday to signal a new daily cycle.   Closing above the upper daily cycle band ends the daily downtrend and beings a daily uptrend. 

Stocks

Stocks have been consolidating above the day 17 high until Friday.

Stocks broke bullish out of consolidation on Friday. Friday was day 34, placing stocks in their timing band for a daily cycle decline. At this point, any breakout will likely be given right back as stocks seek out their daily cycle low.

However, there is the potential for stocks to begin a melt-up phase. Therefore stops could be raised to 4429.97. Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless 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.

Gold Resiliance

Gold is often seen as a hedge against inflation, which is why gold trends to trade inversely to the dollar. However, as we have seen recently, gold is beginning to rally despite the dollar’ s strength.

And even with the dollar having a really big day on Tuesday, gold still managed to rally.

Tuesday was day 33 for the daily dollar cycle. Which places the dollar in its timing band for a daily cycle decline. Gold may be sniffing out a top to the dollar’s daily cycle. Gold may also be sniffing out the top to the dollar’s intermediate (weekly) cycle, as well. I plan to cover the dollar’s intermediate cycle in this week’s Weekend Report. And if the dollar does roll over into an intermediate cycle decline, that should provide the tail wind necessary for gold to break above the dual resistance of the 200 day MA And the 50 day MA to begin a trending move.

The 7/10/21 Weekend Report Preview

The Dollar

The dollar formed a swing high and closed below the 10 day MA to signal the daily cycle decline.

Friday was day 31, placing the dollar in its timing band for a DCL. 2 likely spots for a DCL to form would be at support from the 200 day MA or support from the 50 day MA. The dollar is in a daily uptrend. If the dollar forms a swing low above the lower daily cycle band then the dollar will remain in its daily uptrend and trigger a cycle band buy signal.

Stocks

Stocks formed a swing low on Friday.

Stocks were a bit stretched above the 10 day MA as of Wednesday. Thursday’s dip formed a bullish reversal off of the 10 day MA. Friday’s swing low signals that day 13 was a half cycle low. Once RSI 05 becomes embedded again in overbought, that will indicate that stocks are resuming their intermediate cycle advance. That aligns with stocks being in a daily uptrend. Since Friday’s swing low formed above the upper daily cycle band that indicates that stocks will remain in their daily uptrend and triggers a cycle band buys signal.

Stocks appear to be entering a melt-up phase.

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.

The 7/03/21 Weekend Report Preview

The Dollar

The dollar printed a new daily cycle high on Friday.

A new high on day 27 locks in a right translated daily cycle formation. 27 days also places the dollar in its timing band for a daily cycle decline. A break below 92.17 will form a daily swing high. Then a close below the 10 day MA will signal the daily cycle decline. 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 continued to rally out of the day 26 DCL.

RSI 05 has once again become embedded in overbought. This indicates that stocks are resuming their intermediate cycle advance. That aligns with stocks being in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.

Stocks broke above the 4240 and are now delivering bullish follow through. This is turning into a bullish trending move which may be the start of a melt-up phase.

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

The 6/26/21 Weekend Report Preview

The Dollar

The rally into the day 17 high caused the dollar to become stretched above the 10 day MA. This week’s consolidation allowed the 10 day MA to catch up to price.

Friday was day 22 for the dollar’s daily cycle. That places it in the early part of its timing band for a daily cycle decline. The dollar is in a daily uptrend. A bullish break above this week’s consolidation would indicate a continuation of the daily uptrend and trigger a cycle band buy signal. But a close below the converging 200 day MA and 10 day MA would signal the daily cycle decline.

Stocks

Stocks formed a swing low on Monday and continued higher into Friday, confirming the new daily cycle.

We need to be aware that stocks are late in their timing band for a yearly cycle decline. So at this point, a left translated daily cycle will likely lead to the YCL. RSI is approaching overbought. If it embeds in overbought then stocks will be resuming their intermediate cycle advance. However, a bearish reversal would be a warning of a potential left translated cycle formation.

While stocks are in their timing band for a YCL, stocks did close above the 4240 level and is beginning to deliver bullish follow through. This can lead to a bullish trending move, which would stretch the yearly cycle. The 4240 level will be the stop.

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

The Weekend Report Preview

Stocks

Stocks closed below the 10 day MA on Tuesday and the the 50 day MA on Friday to confirm the daily cycle decline.

Friday was day 26 for the daily equity cycle, which is still a bit early to expect a DCL. The peak on day 23 indicates a right translated daily cycle formation which aligns with stocks being in a daily uptrend. If stocks form a swing low above the lower daily cycle band that would signal a continuation of the daily uptrend and trigger a cycle band buy signal.

The Dollar

The dollar delivered a bullish surprise on Wednesday.

Prior to Wednesday the dollar had been in a daily downtrend characterized by highs forming below the upper daily cycle band and lows forming below the lower daily cycle band. The dollar delivered a bullish surprise on Wednesday by closing convincingly above the 50 day MA and the upper daily cycle band. Closing above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend. Then the dollar delivered bullish follow through on Thursday by closing convincingly above the 200 day MA. And then higher again on Friday. This breaks the pattern of lower highs and begins a pattern of higher highs. 

This new pattern of higher highs might be a game changer. It opens the door to January not only being the yearly cycle low, but the 3 year cycle low as well. Which is something that I discuss in the Weekend Report.

This week I am offering a special 6 Week Trial Subscription offer for $15. Your 6 week trial subscription you will give you full access to the premium site which includes:

1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – Which includes the Likesmoney Cycle Tracker.

2) The Mid-Week Update. Posted on Wednesday’s is a review of the daily charts for the above mentioned asset classes.

3) The Weekend Updates take a look of the daily & weekly charts of GBTC, DAX, GYX, NATGAS & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary FAS Buy/Sell Indicator

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.

>>> For the special 6 Week Trial Subscription offer for $15. click here.

Dollar Delivers Bullish Surprise

The dollar delivered a bullish surprise on Wednesday and bullish follow through on Thursday.

Prior to Wednesday the dollar had been in a daily downtrend characterized by highs forming below the upper daily cycle band and lows forming below the lower daily cycle band. The dollar delivered a bullish surprise on Wednesday by closing convincingly above the 50 day MA and the upper daily cycle band. Closing above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend. Then the dollar delivered bullish follow through on Thursday by closing convincingly above the 200 day MA. This breaks the patters of lower highs and beings a pattern of higher highs.

Wednesday was only day 16 for the daily cycle. Which is still early enough in the daily cycle for the dollar to continue higher. However, the dollar became rather stretched above the 10 day MA and the 50 day MA over the past two days and may need to consolidate to allow the 10 day MA to catch up to price.

 Bullish surprises tend to happen during an intermediate cycle advance. All of this bullish action of the dollar confirms that the late May DCL was also the intermediate cycle low, which places the dollar on week 3 of the new intermediate cycle. In the Weekend Report I plan to discuss what I will need to see to convince me if the dollar has also begun a new 3 year cycle

The 6/12/21 Weekend Report Preview

The Dollar

After losing the 10 day MA on Monday, the dollar recovered it on Tuesday and then trended higher for the week.

Friday was day 12 for the dollar’s daily cycle. A break above the day 7 high on 90.63 will begin to shift the odds towards a right translated daily cycle formation. However, the dollar currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes above the upper daily cycle band.

Stocks

Stocks closed at a new all-time high on Friday.

Stocks have been consolidating for the past 2 weeks just below the all time high of 4238.04. Stocks broke above this on Thursday then closed at a new all-time high on Friday.

<a target=”_blank” href=”https://imageshack.com/i/poIXlNdPp”><img s

After consolidating for the past 2 months, stocks are beginning to break out. If stocks deliver bullish follow through this should lead to a bullish trending move. Stops can be raised to the breakout level of 4240.

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

The 6/05/21 Weekend Report Preview

The Dollar

The dollar formed a bearish reversal on Friday.

Friday was day 7 for the dollar’s daily cycle. Friday’s bearish reversal sets the dollar up for a left translated daily cycle formation. A swing high and close below the 10 day MA would signal the daily cycle decline. The dollar is in a daily downtrend. If the dollar forms a swing high below the upper daily cycle band then the dollar will remain in its daily downtrend and trigger a daily cycle sell signal. A break below 90.01 will form a daily swing high.

Stocks

Stocks formed a swing low on Friday.

The rally out of the day 48 DCL did see stocks become stretched above the 10 day MA. Thursday’s bullish reversal allowed the 10 day MA to catch up to price. A break above the day 13 high will have us label day 15 as the half cycle low.

Since mid April, stocks have been consolidating, building up energy.

After consolidating for the past 2 months, a break out to new highs should lead to a bullish trending move.

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

The 5/29/21 Weekend Report

The Dollar

The dollar formed a swing low on Wednesday.

The dollar closed above the 10 day MA and the declining trend line on Friday so will will label day 18 as the DCL. The dollar should go on to turn the 10 day MA high as it rallies out of its DCL. Currently, the dollar is in a daily downtrend. The dollar will remain in its daily downtrend unless it can close back above the upper daily cycle band.

Stocks

Stocks are on day 12 for the daily cycle and RSI 05 still has not embedded in overbought.

During the advancing phase of the intermediate cycle, RSI 05 tends to get embedded in overbought as evidenced in early April. But notice as stocks broke out to a new high in late April and early May those breakouts were followed by 2 quick bearish reversals in RSI. That could be an early warning that an emerging bearish RSI pattern is beginning to emerge. 

Now that stocks are rallying out of their DCL we need to keep a watch on RSI. If it begins to embed once again in overbought, that would indicate a resumption of the intermediate cycle advance. However, a quick bearish reversal would indicate an end to the intermediate cycle advance and the beginning of an intermediate cycle decline. We will use a close below the 4200 breakout level as a warning and a close below the 10 day MA to signal the daily cycle decline.  

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