Cycle Trading

The jobs report gave lift to the dollar sending it to a new daily cycle high on day 25.

The dollar will now be stretching into an extended daily cycle.
Any swing high now will likely lead to a daily cycle decline.
A break below 82.07 will form a swing high off of Friday’s print.

The dollar will then need to break below the daily cycle trend line to confirm the daily cycle decline.
Since this is a right translated daily cycle, we will likely see the dollar set a higher daily cycle high in the next daily cycle.

Stocks

The daily equity cycle has surged higher marking a higher high on day 8.

Stocks have managed to rally into a new daily cycle despite the dollar’s unrelenting push higher.
I believe that a combination of QE liquidity combined with bonds tanking, which I will cover in the Weekend Report, helps to explain this.

The CCI

The CCI Index confirmed a new daily cycle on Friday.

This follows a failed daily cycle.
This likely means that this new daily cycle also marks a new intermediate cycle.

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