The 3/12/22 Weekend Report Preview

Dollar

The dollar formed a swing high on Wednesday then formed a swing low on Friday.

Friday was day 24 which places the dollar in the early part of its timing band for a DCL.  The dollar has begun to consolidate above the 98 level. A bearish break out of consolidation would signal the daily cycle decline. The dollar is currently in a daily uptrend.  The dollar will continue in its daily uptrend unless it closes below the lower daily cycle band. 

Stocks

The status of the daily cycle is not clear.

Stocks still need to break bullishly above the 10 day MA and turn it higher to confirm day 22 as the DCL.   However stocks being in a daily downtrend and contained by the declining 10 day MA makes it more likely that Friday was day 39.  A break below the day 22 low of 4114.65 will extend the daily cycle decline.

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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

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The 3/05/22 Weekend Report Preview

The Dollar

The dollar printed a bearish reversal on Wednesday. The dollar broke above Wednesday’s high on Thursday and delivered bullish follow through on Friday to negate the bearish reversal.

The dollar is now stretched above the 10 day MA. A new high on day 19 locks in a right translated daily cycle formation, which aligns with the dollar being in a daily uptrend.  The dollar will continue in its daily uptrend unless it closes below the lower daily cycle band. 

Stocks

Stocks closed below the declining 10 day MA on Friday.

After forming a swing low, Stocks have been crawling along the declining 10 day MA. Stocks will need to break bullishly above the 10 day MA and turn it higher to confirm day 22 as the DCL. However, stocks formed a swing high on Friday. Stocks are currently in a daily downtrend. Forming a swing high below the upper daily cycle band indicates a continuation of the daily downtrend and triggers a cycle band sell 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

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The 2/26/22 Weekend Report Preview

The Dollar

The dollar broke above the day 6 high on Thursday.

Thursday was day 13 for the daily dollar cycle. The new high on day 13 shifts the odds towards a right translated daily cycle formation. The dollar closed above the upper daily cycle band on Thursday. Closing back above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend.

Stocks

Stocks formed a bullish reversal on Thursday that regained its breakdown level.

Stocks delivered bullish follow through by forming a swing low and closing above the 10 day MA on Friday to indicate that day 22 was an early DCL. Stocks will still need to break above both the 200 day MA and the 50 day MA before a trending move can develop. Stocks beginning a new daily cycle has implications for the intermediate and yearly cycles — which I breakdown in the Weekend Report.

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

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The 2/12/22 Weekend Report Preview

The Dollar

The dollar printed its lowest point on day 14.

The dollar formed a swing low on Tuesday. It delivered bullish follow through by closing above both the 10 day MA and the 50 day MA on Friday to signal that day 14 was the DCL. The dollar is currently in a daily downtrend. The dollar will remain in its daily downtrend unless it closes back above the upper daily cycle band.

Stocks

Stocks lost the 10 day MA on Thursday and then lost the 200 day MA on Friday.

With a peak on day 7, losing the 200 day MA on Friday sets stocks up for a left translated daily cycle formation and a continuation of the intermediate cycle decline. Stocks are currently in a daily downtrend. They will remain in their daily downtrend unless they close back above the upper 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

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Currency Battle

Both the Euro and the dollar are fighting to go lower.

The dollar is overdue for its yearly cycle decline. A break below the 94.50 level would create a lower low, indicating a failed daily cycle and potentially sending the dollar into its overdue yearly cycle decline.

The Euro is overdue to begin its yearly cycle advance. A break above the 1.15 level will create a higher high, signaling the start of the Euro’s yearly cycle advance. The Euro is currently forming a bearish reversal just below the 1.15 level.

If the Euro succeeds in reversing and regaining control of the currency market, that will the dollar higher — stretching out the dollar’s yearly cycle.

The 1/08/22 Weekend Report Preview

The Dollar

The dollar printed its lowest point on day 22, which is a bit early for a DCL.

While the dollar formed a swing low and closed above the 10 day MA on Monday, it did not deliver any bullish follow through. Then the dollar lost the 10 day MA on Friday to signal a continuation of the daily cycle decline. A break below the previous DCL of 95.54 will form a failed daily cycle. he dollar currently is in a daily uptrend.  The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band. 

Stocks

Stocks have been consolidating below the 4800 resistance level until Wednesday.

Stocks printed a huge bearish candle on Wednesday to signal the daily cycle decline. Stocks printed their lowest point on Friday, day 23, which is a bit early to expect a DCL. So any bounce off the 50 day MA should be contained by the 10 day MA so stocks can complete their daily cycle decline. 

However, stocks are currently in a daily uptrend. If stocks form a swing low and close back above the 10 day MA then that would indicate a continuation of the daily uptrend and trigger a cycle band buy signal. Under this scenario, we would label day 23 as an early DCL. 

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

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The 12/24/21 Weekend Report Preview

The Dollar

The status of the daily cycle is not clear. While the dollar formed a swing high and closed below the 10 day MA on day 22, it did not do ‘enough’ for us to label day 22 as the DCL.  

However, the dollar is behaving as if day 22 was the DCL.  The dollar has been trading in a narrow range for the past 3 week plus weeks.   The dollar closed below the 10 day MA on Wednesday then backtested it on Thursday.  A bearish break out of consolidation will signal the daily cycle decline. What is clear is that the dollar is in a daily uptrend and will remain so unless it closes below the lower daily cycle band.

Stocks

Stocks rallied to close above the 4715 resistance level on Thursday.

Closing above the 4715 resistance level was our signal to add to positions. Stops can now be raised to the rising 10 day MA. RSI 05 formed a quick bullish reversal on Monday. We are now watching to see if RSI 05 will embed in overbought to indicate a continuation of the intermediate cycle advance. A quick bearish reversal will be a signal that stocks are shifting into the declining phase of their intermediate cycle.

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 12/18/21 Weekend Report Preview

The Dollar

The status of the daily cycle is not clear.

While the dollar formed a swing high and closed below the 10 day MA on day 22, it did not do ‘enough’ for us to label day 22 as the DCL. It has been 3 weeks and the dollar has been crawling along the 10 day MA, no doubt due to the heavy manipulation in the currency markets. So we may need to turn to the weekly chart for more clarity. (The weekly chart can be found in The Weekend Report) What is clear is that the dollar is in a daily uptrend and will remain so unless it closes below the lower daily cycle band.

Stocks

It is concerning that since forming its DCL, stocks have been unable to deliver any bullish follow through.

We need to keep in mind that stocks are on month 21 for the yearly cycle. Which means that stocks are way overdue for a yearly cycle decline. Stocks formed a swing high on Friday. A close below the 50 day MA will trigger our stop. Then a close below the lower daily cycle band will end the daily uptrend and begin a daily downtrend, potentially beginning the yearly 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.

The 11/06/21 Weekend Report Preview

The Dollar

At 23 weeks for the weekly cycle and 10 months for the yearly cycle, the dollar is late in both timing bands for an intermediate and yearly cycle decline.

The dollar printed a bearish reversal on Friday, day 6. A top on day 6 would set the dollar up for a left translated daily cycle formation. Then any bearish follow through could trigger the intermediate and yearly cycle decline. The dollar is currently, in a daily uptrend.  But a close below the lower daily cycle band will end the daily uptrend and begin  a daily downtrend.

Stocks

Stocks continued higher on this week.

The new high on day 24 locks in a right translated daily cycle formation. That aligns with stocks being in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band. 

The decline into the ICL stretched the ‘elastic band’ lower. Stocks are delivering bullish follow through on the breakout of the 4545.85 level. This could trigger a melt-up phase. I suspect that a daily cycle decline will back test the breakout level before the we see the 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 10/09/21 Weekend Report Preview

The Dollar

The dollar peaked on day 18 and has since consolidated above the breakout from the previous daily cycle high.

Friday was day 24, placing the dollar in its timing band for a DCL. The weekly chart shows us that the dollar is running into resistance at the 200 week MA. A close below the 10 day MA will signal the daily cycle decline. The dollar currently 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 their lowest point on Monday, day 31, placing them in their timing band for a DCL. 

Stocks formed a swing low on Tuesday then closed above the 10 day MA on Thursday to signal the new daily cycle. Stocks should go on to break above the declining trend line as they rally out of the DCL. Stocks are in a daily downtrend. They will remain in their daily downtrend unless they can close back above the upper 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.