Cycle Trading

The Miners broke below the lower daily cycle band on Monday.

We discussed on Thursday how the Miners were rejected by the 50 day MA and formed a swing high. They closed below the 10 day MA on Friday to signal a continuation of its daily cycle decline. The Miners delivered bearish follow through on Monday by closing below the lower daily cycle band. Closing below the lower daily cycle band continues the daily downtrend

Monday was day 29 for the daily Miner cycle. That places the Miners deep in their timing band for a daily cycle low. The Miners should break below the day 20 low of 25.98 in order to complete its daily cycle decline.

The Likesmoney Black Friday Sale for New Subscribers

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

Here is what is included in the Weekend Report Subscription

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 & Trend Tracker.

2) The Mid-Week Update. Posted on Wednesdays is a review of the 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.