The 3/15/19 Weekend Report Preview

The Dollar

After peaking on day 5, the dollar has since drifted lower.

The dollar formed a swing high and closed below the 10 day MA on Wednesday to signal the daily cycle decline. The dollar closed below the 50 day MA on Friday, further confirming the daily cycle decline. The peak on day 5 locks in left translated daily cycle formation. The dollar also closed below the lower daily cycle band on Friday. This ends the daily uptrend and begins a daily downtrend. It also signals the intermediate cycle is now in decline. A close below the previous daily cycle low of 95.72 will form a failed daily cycle to confirm the intermediate cycle decline.

Stocks

Stocks closed above the 10 day MA on Monday. Stocks then closed above the previous daily cycle high on Friday, confirming the new daily cycle.

Friday was day 5 for the daily equity cycle. Stocks continue to close above the upper daily cycle band, continuing their 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

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Miner Warning

While closing above the upper daily cycle band on Tuesday and Wednesday begins a daily uptrend for the Miners, Thursday’s swing high signals a concern.

This is week 26 for the intermediate Miner cycle and the Miners have not yet printed a failed daily cycle to confirm the intermediate cycle decline. So Thursday’s daily swing high following the day 7 peak sets up a possible left translated daily cycle formation. There is a bearish RSI pattern the is beginning to emerge and we can see that the TSI has begun a bearish pattern of lower highs and lower lows. And with this being week 26 for the intermediate cycle, the late January Gap will likely begin to exert a gravitational pull, sending the Miners into their intermediate cycle decline. A close below the 10 day MA will indicate that the Miners have begun their daily cycle decline. Then a close back below the lower daily cycle and will end the daily uptrend and continue the intermediate cycle decline.

The 3/08/19 Weekend Report Preview

The Dollar

The dollar closed above the 10 day MA the previous Friday and closed above the upper daily cycle band on Tuesday to confirm that day 19 hosted the daily cycle low.

The dollar broke above the previous daily cycle high on Thursday to continue a pattern of higher highs and higher lows. Friday was day 6 for the daily dollar cycle. The dollar did not deliver any bullish follow through to Thursday’s huge day. A close back below the 97 level would signal a bull trap and indicate that the dollar has begun its daily cycle decline. The dollar is currently in a daily uptrend. It will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Friday was day 49, placing stocks in the later stage of its timing band to print a daily cycle low.

Stocks have:
* Formed a daily swing high
* Broke below the daily cycle trend line
* Closed below the 10 day MA & Turned it lower
* Are late in their timing band for a DCL.

Once a swing low forms that should mark the daily cycle low. Then a close back above the 200 day MA will confirm the DCL. The high on Friday, day 45, locks in a right translated daily cycle formation which aligns with stocks being in a daily uptrend. If a swing low forms above the lower daily cycle band, then stocks will remain in their daily uptrend and trigger a cycle band buy signal.

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 Dollar Crossed The Line

Back in February we observed how the dollar was rejected by the 97 level to head down into a daily cycle low. Well, the dollar crossed above that 97 line on Thursday.

Thursday was day 5 for the new daily cycle and the dollar broke out to a new daily cycle high to continue a pattern of higher highs and higher lows. This aligns with the dollar being in a daily uptrend trend. It will remain in its daily uptrend until it closes below the lower daily cycle band.

The dollar also broke out to a new yearly cycle high.

The dollar broke above the November high on Thursday. Since there was no failed intermediate cycle preceding the month 11 pivot, that makes March month 13 for the yearly dollar cycle. The new high also causes us to re-construct the monthly trend line. The dollar is in a monthly uptrend and will continue in its monthly uptrend unless it closes back below the lower monthly cycle band.

The3/07/19 Morning Update

Stocks closed below the 10 day MA on Wednesday.

Wednesday was day 47 for the daily equity cycle. That places stocks in their timing band for a daily cycle low. The high on Friday, day 45, locks in a right translated daily cycle formation which aligns with stocks being in a daily uptrend. Closing below the 10 day MA signals the daily cycle decline. With stocks being late in their daily cycle, a DCL can happen anytime soon. And if a swing low forms above the lower daily cycle band then stocks will remain in their daily uptrend.

Stocks Are Firmly in a Daily Uptrend

Stocks were down big early on Monday but rallied enough into the close to close above the 10 day MA.

Monday was day 46 for the daily equity cycle. With stocks now late in their timing band for a daily cycle decline, the early sell off should have triggered a decline into the daily cycle low.

Instead, equities are all up in the overnight trading. While I suspect that optimism over a pending trade deal with China is helping equities maintain their bullish posture, what is certain is that stocks are firmly in a daily uptrend.

A daily uptrend is characterized by peaks above the upper daily cycle band and lows forming above the lower daily cycle band. So unless stocks close below the lower daily cycle band, they will remain in their daily uptrend.

The 3/01/19 Weekend Report Preview

The Dollar


The dollar regained the 50 day MA on Wednesday and formed a swing low on Friday.

The dollar also broke above the declining trend line and closed above the 10 day MA on Friday. All of which confirms that Thursday was the DCL. The dollar continues to be in a daily uptrend. It will remain in its daily uptrend unless it closes below the lower daily cycle band.

Stocks

Stocks negated the swing high by closing back above the 2800.18 resistance level.

Closing above the 2800 level is a bullish signal for technical traders. But at 45 days, stocks are in their timing band for a DCL. And stocks printed 716 million Selling on Strength on Friday. This signals caution. A swing high followed by a close below the 10 day MA should send stocks to seek out their DCL. The new high on Friday, day 45, locks in a right translated daily cycle formation which aligns with stocks being in a daily uptrend. Once the daily cycle decline begins, if a swing low forms above the lower daily cycle band then stocks will remain in their daily uptrend.

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 Signals Intermediate Decline

This is week 28 for the weekly gold cycle, placing gold in its timing band for an intermediate cycle decline.

Gold has formed weekly swing high this week. A break of the weekly trend line will confirm the intermediate cycle decline.

And what appears to be sending gold lower is the dollar.

The dollar printed a bullish engulfing candle on Thursday. At 19 days, that places the dollar in its timing band for a daily cycle low. And Thursday’s bullish reversal eases the parameters for forming a swing low. A break above 96.19 will form a swing low to signal a new daily cycle. The dollar had established a daily uptrend prior to its daily cycle decline. Therefore if the dollar forms a swing low above the lower daily cycle band it will remain in its daily uptrend trend and trigger a cycle band buy signal.

The 2/27/19 Morning Update

Stocks formed daily swing high on Tuesday.

Tuesday was day 41, placing stocks in their timing band for a DCL. The swing high was accompanied by a close below the 2800.18 resistance level that signals the start of the daily cycle decline. A close below the 10 day MA will confirm the daily cycle decline.

Stocks are in a daily uptrend. If a swing low forms above the lower daily cycle band they will remain in their daily uptrend.

Oil Drops Lower After Trump Tweets

Oil dropped on Monday following a tweet from President Trump.

Monday was day 40 for the daily oil cycle, placing oil in its timing band for a daily cycle decline. So the over 3% drop in oil on Monday has a good chance of sending oil to seek out its daily cycle low. The peak on day 39 locks in a right translated daily cycle formation. This aligns with oil being in a daily uptrend. Once oil declines into its daily cycle low, if oil forms its swing low above the lower daily cycle band then oil will remain in its daily uptrend. And it would also trigger a cycle band uptrend buy signal.