Cycle analysis allows us to develop an on-going framework of expectations. Confirmation of our framework of expectations allows us to determine the risk of an asset. When our framework of expectations are not met, then we need to determine why and then possibly change our expectations.
Stocks closed below the 50 day MA on Tuesday and then delivered bearish follow through on Wednesday to set stocks up for a bloodbath phase, which can last 5 to 7 days. It appears that the Fed intervened to on Thursday to prevent the bloodbath phase with stocks printing a bullish reversal on Thursday. This was a change of expectations that has ramifications on the longer term, intermediate cycle. Thursday was day 42, placing stocks late in their timing band for a daily cycle low. Stocks formed a swing low on Friday and closed above the 50 day MA to indicate a new daily cycle.
In my special report, A Change of Expectations, I will discuss this change from our framework of expectations. We will look at both the daily and weekly charts and how this change impacts our framework of expectations going forward.
The Miners were also set up to decline into an intermediate cycle low. Instead, they printed a bullish weekly reversal. So, I also plan to discuss how the Miners did not follow through on expectations this week and will look at how this can play out going forward.
I would like to make this Special Report available here. The Special Report, A Change of Expectations, and a complementary 6 week subscription to the Likesmoney Premium Site is available for $20.
The complementary subscription will give you full access to the premium site. It includes:
1) The Weekend Report, which is posted usually Sunday 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 (just about daily) 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 Likesmoney A Change of Expectations Special Report and 6 week trial subscription offer click here.
Current subscribers can access the report here.