Cycle Trading

The Dollar
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The dollar’s daily cycle peaked above the upper daily cycle band on Wednesday, day 19. A swing high formed on Thursday that saw the dollar lose the 50 day MA and close below the upper daily cycle band to signal the daily cycle decline.

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Friday was day 21 for the dollar’s daily cycle. The dollar needs to break below the daily cycle trend line in order to complete its daily cycle decline.

Stocks
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Stocks lost both the 50 day MA and the 200 day MA the previous week and then dropped this past week, losing close to 6% for the week.

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Friday was day 36 for the daily equity cycle placing stocks in their timing band for a daily cycle low. The timing band can extend out for 2 to 3 weeks. However, stocks are very oversold which should trigger a bounce that can lead to printing a daily cycle low.

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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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