Cycle Trading

The Dollar
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The dollar did print a higher high on Friday, closing above the 50 day MA. However, it closed below the upper daily cycle band indicating that the dollar is still in a daily downtrend.

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As we will see when we look at the weekly chart, it is unclear if the dollar is on week 19 or week 4. If this is week 19, then the dollar is already in a failed intermediate cycle. Our expectation would be to see this daily cycle peak by day 8, roll over, and continue the intermediate cycle decline. A right translated daily cycle formation which peaks past day 8 would make this week 4.

Stocks
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The daily equity cycle printed a bearish reversal as it peaked on day 17. A swing high formed on day 18 as stocks closed below the lower daily cycle band. Stocks continued lower this week.

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Stocks printed its lowest point on Thursday. A swing low did form on Friday. While stocks may stage a brief counter trend rally, closing below the lower daily cycle band indicates that stocks are continuing their intermediate cycle decline.

The weekly A/D is very bearish.

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I decided to apply cycle bands to the weekly A/D. We see that the weekly A/D has closed below its lower weekly cycle band. In the Weekend Report we will look at what happened the last time the weekly A/D closed below the lower weekly cycle band.

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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

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