Cycle Trading

The Miners

The Miners peaked on day 26, then printed its lowest point on Monday, day 34. That placed the Miners in their timing band for a daily cycle low. The Miners are in a daily uptrend. Since Tuesday’s swing low formed above the lower daily the Miners remain in their daily uptrend and trigger a cycle band buy signal, which we discussed on Tuesday.

The Miners have been in a strong daily uptrend. This uptrend has been characterized by highs occurring above the upper daily cycle band band lows forming above the lower daily cycle band. So Tuesday’s swing low followed by Friday’s bullish follow through has us labeling day 34 as the DCL.

It appears that the Miners are beginning a runaway move. A runaway move is characterized by being in a strong uptrend that has measured corrections that do not derail the uptrending move. The corrections are being contained from 1.72 to 2.39. The Miners do close below the 10 day MA during these corrections, but not long enough to turn the 10 day MA lower. Going forward, this will begin to obscure our cycle counts. Which means that we will need to rely more on our cycle band tool. As long as the swing low forms above the lower daily cycle band, the Miners remains in an uptrend and the swing low is a buy signal. A close below the lower daily cycle band will end the daily uptrend.

Cycle Bands are one of the tools that I regularly use to track cycles. This week I am running a 6 week trial subscription special. 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 – 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 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 6 week trial subscription offer click here.