Cycle Trading

The Dollar

The dollar recovered both the 200 day MA and ther 10 day MA on Monday, then continued higher into Friday.

When the dollar closed below the 200 day MA on day 9 it appeared to be well on its way to deliver a failed daily cycle. But I suspect that the manipulation of the currencies by the ECB prevented that. And this has distorted the dollar’s dialy cycle.

The dollar is beahving as if day 9 was a DCL. But since the 10 day MA did not begin to turn higher until day 9, day 26 will remain as the DCL which makes Friday day 14. The dollar closed back above boththe 50 day MA and the upper daily cycle band on Friday. That ends the daily downtrend and begins a daily uptrend. Also, closing above the upper daily cycle band indicates that week 17 was the ICL.

Stocks

Stocks continued higher this week.

Stocks printed their higher s point on Thursday, day 25, to lock in a right translated daily cycle formation. Friday was day 26, which places stocks 4 days shy of its timing band for a daily cycle decline. The right translated cycle formation has us expecting stocks to print a higher daily cycle low. Stocks have established a daily cycle trend line. So a swing high and break below the daily cycle trend line will signal the daily cycle decline. Stocks are in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.

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

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