The 1/16/18 Weekend Report Preview

The Dollar

The dollar’s daily cycle peaked on Monday, day 19. That assures us of a right translated daily cycle formation.

The dollar formed a swing high on Wednesday and then closed below the the 10 day MA on Friday to signal the daily cycle decline. The dollar is in a daily uptrend. If a swing low forms above the lower daily cycle band it will remain in its daily uptrend. But if a swing low forms below the lower daily cycle band that would end the daily uptrend and indicate the beginning of the intermediate cycle decline.

Stocks

The initial surge out of the day 52 DCL left behind 2 gaps and caused stocks the get extended above the 10 day MA.

Stocks filled the lower gap on Thursday and then formed a swing low on Friday. This allows us to construct the daily cycle trend line (and move up stops) and label day 13 as the half cycle low.

This is the 1st daily cycle for the new intermediate cycle. Therfore our cyclical expectation is to see this daily cycle right translate. Stocks will need to break above the day 7 high of 2815.15 to do so. Stocks are currently in a daily downtrend.

If stocks have begun a new intermediate cycle then they will need to establish a new daily uptrend. A close above the upper daily cycle band will end the daily downtrend and begin a new daily uptrend.

Look for the Likesmoney Black Friday Sale for New Subscribers

Black Friday Sale — get an extra month on the 3 month subscription – 4 months for $60
Black Friday Sale — get an extra two months on the 6 month subscription – 8 months for $100

This special Black Friday Sale will be available on Friday, 11/23/18 only.

The entire Weekend Report can be found at Likesmoney Subscription Services

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

For subscribers click here.

You can email me at likesmoney@gmail.com to receive a sample copy of the Weekend Report

2 responses to “The 1/16/18 Weekend Report Preview”

Alex

November 19, 2018

So it happens: stocks undercutting to allow DJIA and NDX to set monthly sw.highs too.
Since NYSE and other segments have already undercut the Feb9 ICL, SPX and R2k should follow suite too this month as YCL is set.
Maybe the YCL in stocks will correlate with the DCL of CRB and oil these days.

likesmoneystudies

November 20, 2018

Stocks, Oil,& the CRB have all made monthly swing highs.
It appears that oil will undercut the 11/13 low.
It remains to be seen if stocks undercut their recent low as well.
The Transports and the Banks indicate otherwise as they are not following stocks lower.

Cycle Trading