Cycle Trading

The Dollar
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The dollar’s daily cycle peaked on Tuesday, day 21. A swing high formed on Wednesday and the dollar lost the 10 day MA on Thursday. While the dollar did closed below the upper daily cycle band, indicating a daily cycle decline, it has yet to confirm the decline with a break of the daily cycle trend line.

Friday was day 25 for the dollar’s daily cycle. The dollar is beginning to get in the later stage of its timing band to print a daily cycle low. We need to see a break of the daily cycle trend line before we hunt for the daily cycle low. Once the dollar breaks below the daily cycle trend line, then a swing low should mark the daily cycle low.

Stocks
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After peaking on Monday, day 9, stocks dropped for 4 straight days. Stocks lost the 50 day MA and closed below the lower cycle band on Friday which indicates a daily cycle decline has begun.

However, the 1st daily cycle of a new intermediate cycle typically forms as a right translated cycle. And there is also the HUGE BOW that printed Friday.

The 1.086 Billion BOW suggests that Friday could end up being an early half cycle low. But there are other troubling signals for stocks. One of them was delivered by the small caps.

The Russell emerged from its intermediate cycle low but but was rejected by the upper daily cycle band. The Russell went on to lose the 50 day MA and closed below the July 7th low forming a failed daily cycle.

There are other warning signals which I cover in the Weekend Report.

Now a word on the Miners.

The Miners continued lower all week until Friday. The Miners printed a bullish reversal on Friday. At day 25, the Miners are in their timing band for a daily cycle low. The bullish reversal has eased the parameters for forming a daily cycle low. A break above 14.13 forms a swing low and quite likely the daily cycle low.

In the Weekend Report I will cover where the Miners are for their intermediate and yearly cycles.

This week I am extending a Miner Special Trial Subscription offer. Try the Weekend Report for 1 month for a Miner Special of $10.

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker.

I also post what I call my Weekend Updates.
The Weekend Updates cover
* Corn
* DBA
* The FAS Buy/Sell Indicator
* The Bullish Percentage BINGO

And I also post a mid-week update on Wednesday evenings which updates the daily charts from the Weekend Report.

To try the Miner Special Trial Subscription offer click here.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, The CRB Index, & 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