Bullish Traction

Stocks closed above the 10 day MA on Tuesday.

Stocks printed their lowest point on day 54, placing stocks deep in their timing band for a DCL. Closing above the 10 day MA indicates that day 54 was the DCL. A close above the lower trend line will have us label day 54 as the DCL which should allow stocks to start to gain some bullish traction.

Worse Case Scenario

Stocks broke bearishly out of the megaphone topping pattern this week. 

Stocks are currently in a daily downtrend.  Rejection by the lower trend line will indicate a continuation of the daily downtrend and trigger a cycle band sell signal.

However, this may be the best buying opportunity of the year.   In the Weekend Report I take a look at the bigger picture for stocks. I discuss where stocks are in their daily weekly and yearly cycles. And why I believe that the best opportunity for gains for the year is still in front of us. 

I am offering a special 6 Week Trial Subscription offer for $15 this week — which I will extend through Sunday night. 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.

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Stocks Still Seeking A Bottom — Update

Stocks broke below the day 46 low on Monday then continued lower on Tuesday, Wednesday and Thursday to extend their daily cycle decline.  

Thursday was day 54, placing stocks very deep in their timing band for a DCL. At this point a swing low stands a good chance of marking the DCL. Recovery of the breakdown level of 4114.65 will have us label day 54 as the DCL.  Stocks are currently in a daily downtrend.  They will remain in their daily downtrend unless they close back soccer the upper daily cycle band.  

Premarket update:

Stocks formed a swing low in the premarket. Now we need to see stocks hold it into the close.

Stocks Still Seeking A Bottom

While stocks printed lower low on Tuesday, they closed higher for the day.

Tuesday was day 52 for the daily equity cycle, placing stocks very deep in their timing band for a DCL. The odds are good that once a swing low forms, that will mark the DCL. I will wait for a close above the breakdown level of 4114.65 in order to label day 52 as the DCL. Stocks are currently in. a daily downtrend. They will remain in their daily downtrend unless they close back above the upper daily cycle band.

Stocks Lose Support

Stocks closed below support on Monday.

Monday was day 52 for the daily equity cycle, placing stocks deep in their timing band for their DCL. A swing low and close back above the support level would signal the DCL. However, closing below the support level could trigger a 5 to 7 day bloodbath phase as stocks hunt their DCL.

In the Weekend Report I take a look at the bigger picture for stocks. I discuss what this decline into this daily cycle low means in terms of the intermediate and yearly cycles. And why I believe that the best opportunity for gains for the year is still in front of us. 

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

Opportunity Knocking

Stocks broke below the February low this week.

If February was the yearly cycle low, then the first intermediate cycle should right translate. Instead, stocks peaked on what would have been week 5 then went on to break below the February low this week.

And – if February was the intermediate cycle low, then the first daily cycle should right translate. Instead, stocks printed consecutive failed daily cycles, beginning a pattern of lower lows.

In the Weekend Report I take a look at the bigger picture for stocks. I discuss what the consecutive failed daily cycle means in terms of the intermediate and yearly cycles. And why I believe that the best opportunity for gains for the year is still in front of us.

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.

Looks Like Déjà Vu All Over Again

After rallying for an almost 3% gain on the Fed rate hike on Wednesday, stocks gave it all back and then some on Thursday.

This is beginning to look like the late February DCL. The powerful thrust out of the day 22 low indicated a ‘V’ shape bottom. Then stocks got hammered and trended lower until they consolidated which allowed the 10 day MA to flatten out. And it looks like stocks will need to consolidate which will help to allow the 10 day MA to flatten out before the rally into the new daily cycle can gain any traction.

Stocks Complete Swing Low

Stocks competed a daily swing low on Tuesday.

Stocks broke below the previous daily cycle low on Monday to form a failed daily cycle. Monday was day 46, placing stocks very deep in their timing band for a DCL.  Stocks managed to recover the breakdown level on Monday, forming a bullish reversal. On Tuesday stocks completed a swing low so we will label day 46 as the DCL, using Monday’s low as the stop.  Stocks should go on to recover the 10 day MA as they really out of the DCL.

The Miners also completed a daily swing low on Tuesday.

The Miners broke below the previous DCL last week to form a failed daily cycle. The Miners printed their lowest point on Monday, day 34, placing them deep in their timing band for a DCL. The Miners formed a swing low and pierced the declining trend line on Tuesday so we will label day 34 as the DCL. In the Mid Week Update I plan to discuss what this means in terms of the weekly Miner cycle.

Bullish Reversal

Stocks printed a bullish reversal on Monday.

Stocks began Monday lower, eventually breaking below the previous daily cycle low to form a failed daily cycle. Monday was day 46, placing stocks very deep in their timing band for a DCL. Recovering the breakdown level is a good sign that stocks printed their DCL. A break above 4159.81 will form a swing low and have us label day 46 as the DCL. Stops can then be set to Monday’s low. Stocks should then go on to recover the 10 day MA as they really out of the DCL.

In the Weekend Report I plan to discuss what forming a failed daily cycle means in terms of the yearly cycle. Hint –> Bullish

The 4/30/22 Weekend Report Preview

Dollar

The dollar formed a swing swing high on Friday.

Friday was day 21 for the daily dollar cycle, placing the dollar in the early part of its timing band for a DCL. The dollar has become quite stretched above the 10 day MA. If the dollar delivers any bearish follow through to Friday’s swing high that could send the dollar to seek out its DCL.  The dollar is in a daily uptrend.  The dollar will remain in its daily uptrend unless it closes back below the lower daily cycle band. 

Stocks

Stocks formed a swing low on Thursday then negated that swing low on Friday.

Stocks printed their lowest point on Friday, day 45, placing them deep in their timing band for a DCL. So we are still waiting on a swing low and close above the 10 day MA to signal a the DCL.  Stocks are in a daily downtrend and will remain so unless they close back above the upper daily cycle band.  

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The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
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