Not Out of the Woods Yet

Stocks managed to deliver bullish follow though on Thursday

Thursday saw the S&P & the Dow joined the Russell and the Nasdaq in forming swing lows, signaling a new daily cycle. Stocks still need to closed above the 10 day MA to confirm the daily cycle low. However, stocks are not out of the woods yet … Stocks printed a huge Selling on Strength number on Thursday

Stocks printed a 1.134 billion Selling on Strength day on Thursday. We have seen that large SOS numbers that print following a cycle low usually results in more volatility. And with a number this large, we cannot rule out an undercut to the 12/26/18 low.

Even if stocks do undercut the 12/26 low I believe that stocks are in the process of forming a multi-year cycle low, which I detail in my Special Report, The Multi-Year Cycle Low.

In my special year-end report we will look at:
* The current multi-year equity cycle.
* The cycle translation and what the means going forward.
* Signals that the bottom is near.

I would like to make the Special Year-End Report available here. The Multi-Year Cycle Low Special Report and a complementary 6 week trial subscription to the Likesmoney Premium Site is available for $15.

The complementary subscription will give you full access to the premium site. It includes:

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

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

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

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent (just about daily) 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 Likesmoney Multi-Year Cycle Low Special Report and 6 week trial subscription offer click here.

Current subscribers can access the report here.

One response to “Not Out of the Woods Yet”

  1. jdg Avatar
    jdg

    Tsi 13,7,7 on the weekly…everything else is noise. Also nyad cumulative weekly .

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.