The 8/06/22 Weekend Report Preview

The Dollar 

The dollar printed its lowest point on Tuesday, day 25, to place it in the early part of its timing band for a daily cycle low. 

The dollar formed a swing low and closed back above the 10 day MA on Wednesday to signal that day 25 was the DCL.  The dollar should go on to turn the 10 day MA higher as it rallies out of its DCL. The dollar is currently in a daily uptrend.  The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks formed a daily swing high on Friday.

Friday was day 33, that places stocks in their timing band for a DCL.

If stocks deliver bearish follow through and close below the accelerated (dashed) trend line, that would signal the daily cycle decline. Stocks should then go on to break below the (blue) daily cycle trend line as they seek out their DCL. Stocks are currently in a daily uptrend. They 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.

Stocks Form Daily Swing High

Stocks ran into resistance at the 4150 level on Monday then formed a daily swing high on Tuesday.

Tuesday was day 30 for the daily equity cycle. That places stocks in their timing band for their daily cycle decline. If stocks deliver any bearish follow through and close below the 10 day MA, that would signal the daily cycle decline. Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.

Trend Line Resistance

Stocks ran into resistance at the declining trend line on Monday.

Stocks have been halted by the declining trend line since late March. Stocks are currently in a daily downtrend. If stocks are rejected by the declining trend line and form a swing high, that would indicate a continuation of the daily downtrend and signal a cycle band sell signal.

The 7/16/22 Weekend Report Preview

The Dollar 

The dollar formed a swing high on Friday. 

The dollar is currently stretched above the 10 day MA and may need to consolidate to allow the 10 day MA to catch up to price. The dollar is very deep in its timing band for an ICL and YCL.  A close below the 10 day MA could send the dollar into a daily, weekly and yearly cycle decline.  Still, the dollar is currently in a daily uptrend. The dollar will remain in its daily uptrend unless it closes below the lower daily cycle band.  

Stocks

This has been a volatile week for stocks.

Stocks found support at the 3750 level and formed a swing low on Friday, day 18. Stocks will need to break above the day 6 high of 3945.86 in order to shift the odds towards a right translated daily cycle formation. Currently, stocks are in a daily downtrend. They will remain in their daily downtrend unless they can close above the upper daily cycle band.

Oil Forms Bullish Reversal

Oil closed below the10 day MA on Tuesday then formed a swing high on Wednesday, breaking below the daily cycle trend line to signal the daily cycle decline. 

Oil formed a bullish reversal on Thursday, day 24, placing oil in the early part of its timing band for a DCL. Oil is currently in a daily uptrend. If oil forms a swing low above the lower daily cycle band, that would indicate a continuation of the daily uptrend and signal a cycle band buy signal – which we would then label day 24 as the DCL. A break above 115.73 will form a daily swing low.   

The dollar formed a bearish reversal on Wednesday followed by a swing high on Thursday.  

The dollar is in its timing band for an intermediate cycle decline. A peak on day 11 can still result in a left translated daily cycle formation. — which would allow the dollar to complete its intermediate cycle decline. Currently the dollar is in a daily uptrend. It will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks Deliver Sell Signal

Stocks delivered a sell signal on Thursday.

With stocks in their timing band for both an intermediate and yearly cycle low, the odds were good that the late May cycle low would mark a new weekly and yearly cycle low. So if day 60 was the intermediate/yearly cycle low then the first daily cycle out of that low should right translate. However stocks formed a swing high on Thursday. And with a potential peak on day 8 — that would indicate a left translated daily cycle formation.

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 signals a cycle band sell signal.

Miner Sell Signal

The Miners formed a swing high on Monday.

We discussed last last week how the Miners needed to close above the 200 day MA in order for a trending move to develop. The Miners did close above the 200 day MA last Thursday. However, they lost the 200 day MA on Friday and then closed below the 10 day MA on Monday, forming a daily swing high. The Miners 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 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.  

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.

Stocks Deliver A Bearish Trend Line Break

Stocks closed below the daily cycle trend line on Tuesday.

We discussed on Monday how stocks formed a swing low to trigger a cycle band buy signal. Stocks negated that buy signal on Tuesday by forming a swing high and closing below the daily cycle trend line. Tuesday was day 27, placing stocks in the early part of its timing band for a DCL. If stocks deliver bearish follow through and close below the 200 day MA that will signal the daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in its daily uptrend unless they close below the lower daily cycle band.