The 1/25/20 Weekend Report Preview

The Dollar

 
The dollar closed above the 200 day MA on Thursday and delivered bullish follow through on Friday.

Friday was day 16 for the dollar’s daily cycle. The new high on day 16 indicates a right translated daily cycle formation. The dollar also closed above the upper daily cycle band. Closing above the upper daily cycle band ends the daily downtrend and begins a new daily uptrend. It also indicates that the intermediate cycle low has been set.
 

Stocks

 
Stocks printed a new daily cycle high on Wednesday, day 33.

Stocks formed a swing high on Thursday and then closed below the daily cycle trend line on Friday to confirm the daily cycle decline. Friday was day 35 for the daily equity cycle, placing stocks in their timing band for a daily cycle low.

Notice that the previous daily cycle decline only lasted 3 days and the swing low formed above the upper daily cycle band. That is a signal that stocks have begun a melt up that is characterized by brief corrections. So it is likely for the DCL to arrive early next week.

While we will not be able to know how long stocks will continue in this melt up what we do know is that this usually ends in a crash. Stock are in a daily uptrend. Will will use a close below the upper daily cycle band as a signal of a larger correction.

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 1/18/20 Weekend Report Preview

The Dollar

 
The dollar closed above the upper daily cycle band on Friday.

The dollar broke below its previous daily cycle low to print its lowest point on day 11. Breaking below the previous daily cycle low forms a failed daily cycle. 11 days is too early for a daily cycle low to form. But closing above the upper daily cycle band signals that the intermediate cycle low has been set — which indicates that day 11 was the daily cycle low. Since a cycle cannot fail then go on to make a new high, a break above the 97.41 would form a high daily cycle high which would have us label day 11 as the DCL. Closing above the upper dialy cycle band signals an end to the daily downtrend and the start of a new daily uptrend.

Stocks

 
Stocks printed a new daily cycle high on Friday.

Friday was day 31 for the daily cycle. That places stocks in their timing band for a daily cycle low. There are bearish divergences developing on the oscillators, which often precede a cycle decline. A swing high and a break below the daily cycle trend line will signal the daily cycle decline. The new high on Friday locks in a right translated daily cycle formation which aligns with stocks begin in a daily uptrend.  Stocks 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.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

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

 
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. 

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 1/04/20 Weekend Report Preview

The Dollar

 
The dollar broke below the previous daily cycle low on Monday to form a failed daily cycle.

The dollar then delivered bearish follow through on Tuesday. The peak on day 6 sets the dollar up for a left translated daily cycle formation. The dollar did manage to rally on Thursday and test the 10 day MA on Friday. Tuesday was only day 11, which is too early to expect a daily cycle low. Therefore the dollar should be rejected by the 10 day MA and continue its daily cycle decline. 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

 
Stocks printed a new high on Thursday, day 20, to indicate a right translated daily cycle formation.

This was a volatile week for stocks. Stocks formed a swing high on Friday. There are bearish divergences developing on the oscillators, which often precede a cycle decline. 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. 

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
 

Dollar Decline

The Dollar

 
The dollar was rejected by the 200 day MA on Monday, formed a swing high on Thursday, and then delivered bearish follow through on Friday.

The peak on day 6 sets the dollar up for a left translated daily cycle formation. Closing below the 10 day MA indicates that the dollar has begun its daily cycle decline. A break below the previous daily cycle low of 96.30 forms a failed daily cycle to continue the intermediate cycle decline. The dollar is in a daily downtrend.  It will remain in its daily downtrend unless it closes back above the upper daily cycle band.

In my Special Dollar Report We will look at the big picture for the dollar. I will breakdown how the daily, weekly, and yearly cycles for the dollar.

Along with my Special Dollar Report I am running a 6 week trial subscription special. The 6 week trial subscription you will have 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 and weekly charts for the above mentioned asset classes.

3)The Weekend Updates take a look of the daily & weekly charts of the 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 Dollar Report and 6 week trial subscription offer click here.

Current subscribers can access the report here.

Dollar Update

The dollar formed a swing high on Thursday.

The dollar ran into resistance at the 200 day MA on Monday as it rallied out of its day 18 daily cycle low and formed a daily swing high on Thursday. A close below the 10 day MA will signal the daily cycle decline. Which should have a bullish effect on gold.

The dollar’s highest point over the past two months printed late November on day 8. But gold began to sniff out the dollar’s top on November 12th where it printed its intermediate cycle low. Thursday’s swing high sets the dollar up for a left translated daily cycle formation and a continuation of its daily downtrend. A close below the 10 day MA should help gold break through the 1520 resistance level.

The 12/2/119 Weekend Report Preview

The Dollar

 
The dollar printed its lowest point on Friday, day 18.   That placed the dollar in the early part of its timing band for a daily cycle low

The dollar formed a daily swing low on Tuesday and then delivered bullish follow through by closing above the daily cycle trend line and 10 day MA on Friday to confirm the new daily cycle.  The dollar has established a daily downtrend.  It will remain in its daily downtrend unless it closes back above the upper daily cycle band.
 


Stocks

 
Stocks gapped higher on Friday and are getting a bit stretched above the 10 day MA. They may need to consolidate to allow the 10 day MA to catch up to price.

Stocks printed a new high on Friday.  A new high on day 13 beings to shift the odds towards a right translated daily cycle formation.  Which 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 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

Gold Squeeze Play

Gold is being squeezed by the declining 50 day MA and the rising 10 day MA.

Reasons for a bearish expectation.
* Gold in the early part of its timing band for a daily cycle low.
* Gold is currently in a daily downtrend.
* Gold formed a bearish reversal on day 21.
* Bearish TSI divergence.

A close below the 10 day MA would signal the daily cycle decline.

But what it gold delivers a bullish surprise?

If gold closes above the 50 day MA then we should probably just convert to the weekly chart. Gold had a similar set up back in May. Gold coiled for about 5 weeks before closing above the 10 week MA. But once it did, it went on a trending move.

The Dollar

 
The dollar printed a bearish reversal on day 8 then delivered bearish follow through on Monday by closing below the converging 50 day MA and 10 day MA. 
 

Closing below the converging 10 day MA and the 50 day MA on Monday confirmed the daily cycle decline. The dollar continue lower to close below the 200 day MA on Thursday. With a peak on day 8, closing below the 200 day MA looked like the dollar would be rolling over into an intermediate cycle decline. But then the ECB intervened — causing the dollar to close convincingly above the 200 day MA on Friday. While 13 days is too early to expect a DCL, the manipulation in the currency markets could force an early DCL. A break above 97.82 will form a swing low to signal the new daily cycle.

The dollar did close below the lower daily cycle band. That does end the daily uptrend and begin a daily downtrend. It also signals that the intermediate cycle decline has begun.

Stocks

 
 
Stocks formed a swing high on Friday and then delivered bearish follow through on Monday to close below the 10 day MA to signal the daily cycle decline.
 

 
 
Stocks printed their lowest point on Tuesday, following the day 39 peak. That was day 42, placing stocks deep in their timing band for a daily cycle low.  A swing low formed on Wednesday. Then stocks closed back above the 10 day MA to confirm day 42 as the DCL.  Stocks are currently in a daily uptrend.  Stocks 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.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

Miner Breakdown

The Miners broke below the lower daily cycle band on Monday.

We discussed on Thursday how the Miners were rejected by the 50 day MA and formed a swing high. They closed below the 10 day MA on Friday to signal a continuation of its daily cycle decline. The Miners delivered bearish follow through on Monday by closing below the lower daily cycle band. Closing below the lower daily cycle band continues the daily downtrend

Monday was day 29 for the daily Miner cycle. That places the Miners deep in their timing band for a daily cycle low. The Miners should break below the day 20 low of 25.98 in order to complete its daily cycle decline.

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Here is what is included in the Weekend Report Subscription

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 – and it includes the Likesmoney Combination Cycle Tracker & Trend Tracker.

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

3) The Weekend Updates, posted on Sundays, take a look of the daily & weekly charts of the 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.