Time To Be Bullish

October 27, 2018

Stocks have been trending lower for the past 25 tradings, dropping over 10.6%.

It is time to be bullish.

Stocks printed another lower low on Friday, day 51, placing stocks deep in their timing band for a DCL. The bullish divergence on the oscillators and over 2 billion in Buying on Weakness are signals that we see when the ICL is near. The doji that printed on Friday is a sign of indecision as bulls and bears fight for control. A swing low at this point has excellent odds of marking the DCL. A break above 2692.38 forms a daily swing low.

And once the daily cycle low forms, that will signal a new intermediate cycle and a new yearly cycle which is detailed in the Weekend Report.

I am offering a Time To Be Bullish 6 week trial subscription for $15.

The 6 week trial subscription will give you full access to the premium site which includes:

1) The Weekend Report, which is posted usually Saturday mornings. It discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles – and it includes the Likesmoney Combination Cycle Tracker & the Likesmoney Trend Tracker.

2) The Mid-Week Update. Posted on Wednesdays is a review of the daily and weekly charts for the above mentioned asset classes.

3) The Weekend Updates, posted on Sundays, take a look of the daily & weekly charts of the Dax, GYX, NATGAS & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary FAS Buy/Sell Indicator

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.

For the Time To Be Bullish 6 week trial subscription here.

Current subscribers can access the report here.

8 responses to “Time To Be Bullish”

Peter Lo

October 27, 2018

10/19 was not a BOW it was a SOS, why dont you add the 10/12 SOS 764.81; doesnt that neutralize the BOW going in to Friday?

Reply
1. likesmoneystudies
  
  October 28, 2018
  
  Peter,
  
  10/19 was a BOW — see below.
  Good question about the 10/12 SOS. My view is that since stocks were declining into the cycle low, that was a signal of a continuation
  for the cycle decline. But does it neutralize the other day – maybe. I have found taking a bigger view, looking for clusters the BOW’s & the SOS’s that point to cycle turns.
  
  Reply
Wai cheah

October 27, 2018

I agree day 51 is the low. As always, good analysis.

Reply
Alexandru

October 28, 2018

Can stock mrkt set YCL w/o monthly swing highs for NDX and DJIA?

Reply
1. likesmoneystudies
  
  October 28, 2018
  
  Jan 2018 was the peak of the previous yearly cycle.
  A swing high formed in Feb, 2018.
  That turned out to be the YCL.
  It was just a monthly swing low did not form until Aug, 2018
  
  The previous yearly cycle was extremely right translated and therefore the yearly cycle decline was compressed into 1 month.
  
  While this yearly cycle appears to be half as long, the yearly decline looks again to be compressed into 1 month.
  
  Reply
  1. Alexandru
    
    October 28, 2018
    
    Then NYSE Composite and several mrkt segments (xlf, sox) have set multi year cycle lows ? Since they undercut the Feb YCL?
  2. likesmoneystudies
    
    October 28, 2018
    
    I believe that the NYSE and XLF are foreshadowing the decline into the impending 4 year cycle low.
    Stocks (SPX, QQQ) should form a YCL.
    Then, the 1st intermediate cycle will likely test the recent highs.
    But the new yearly cycle will likely be left translated & fail — leading to the decline into the 4 year cycle low.
Alexandru

October 29, 2018

Thank you! Then basically you agree that NYSE, xlf and semis are ALREADY IN BEAR MARKET, in MYC decline, meaning that the ensuing bounce is a dead-cat.

This aligns well w gold, yen and treasuries which should set their MYCLs arround 19dec.
In this respect, mind that today is day 1 of USDJPY, gold charted sw.high.
UJ moving abv 114.73 will mean confirmation of MYC decline for yen and week of 19dec should provide an ample number of weeks in the current ICs of defensives and of euro (week 18 for gold and euro)

Reply