Cycle Trading

The Dollar

The dollar peaked on day 8 and formed a daily swing high. The close below the upper daily cycle band confirms the daily cycle decline.

The peak on day 8 sets up a left translated daily cycle formation. The dollar would need to break below the previous daily cycle low of 99.25 to form a failed daily cycle and confirm the intermediate cycle is in decline. However, the bearish reversal in the precious metals signals that the dollar may have printed an early, day 16 daily cycle low. (A full discussion the precious metals is included in the Weekend Report) A break above 102.63 will form a daily swing low and maintain a right translated cycle formation. The dollar is currently in a daily uptrend. It will remain in its uptrend until it closes below the lower daily cycle band.

Stocks

Stocks peaked on day 26 and formed a daily swing high the next day. A peak on day 26 assures us of a right translated daily cycle formation.

Stocks broke below the daily cycle trend line the previous Thursday to signal the daily cycle decline. Wednesday’s clear & convincing close below the 10 day MA confirms the daily cycle is in decline. Friday was day 38, placing stocks in their timing band to print a daily cycle low. While stocks could still trend lower, a break above 2253.62 will form a daily swing low to signal a new daily cycle. Stocks are in a daily uptrend, so the tendency would be to see bullish surprises. Stocks will remain in a daily uptrend until it closes below the lower daily cycle band.

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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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