Tonight I wanted to look at some different stages of uptrends, beginning with stocks.
Even though stocks formed a swing high on Wednesday, they remain firmly in a daily uptrend. This uptrend is characterized by peaks above the upper daily cycle band and troughs above the lower daily cycle band. Stocks will remain in their daily uptrend until they close below the lower daily cycle band.
Gold began to close above the upper daily cycle band before breaking lower last Friday. Gold printed its lowest point on Tuesday, day 21, but did not close below the lower daily cycle band. Now that gold has closed back above the upper daily cycle band on Wednesday, this establishes that gold is in a new daily uptrend. Gold should remain in its daily uptrend until it closes below the lower daily cycle band.
The Miners also began to close above the upper daily cycle band prior to peaking on day 16. Like gold, the Miners did not close below the lower daily cycle band on Tuesday. If he Miners can now close back above the upper daily cycle band it too, will have established a new daily uptrend.
Conversely, the dollar’s decline into the YCL is stretching its daily cycles resulting in a punishing daily downtrend. The downtrend has been characterized by peaks below the upper daily cycle band and troughs below the lower daily cycle band. Even though the dollar has formed a swing low and appears to have begun a new daily cycle, the dollar will remain in its daily downtrend until it can close above the upper daily cycle band.
And I believe that this punishing decline into the YCL is part of a bigger shift on the dollar that I discuss in the Special Report, Death of the Dollar – The Gold Train Update.
In this Special Report, Death of the Dollar – The Gold Train Update. we will take an updated look at the driver of the gold train — the dollar. We will look at were the dollar is in its yearly cycle, 3 year cycle and its 15 year super cycle. We will look at the DNA markers that signaled the previous dollar bear markets and show that those markers have been triggered again.
I would like to make this report available here. The Gold Train Update and a complementary 6 week trial subscription to the Likesmoney Premium Site is available for $15.
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– This 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 GYX, Copper, 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 Special Gold Train Update and 6 week trial subscription offer click here.
Current subscribers can access the report here.