The 11/30/19 Weekend Report Preview

The Dollar

The dollar printed a bearish reversal on Friday.


 
Friday was day 8 for the dollar’s daily cycle. Friday’s bearish reversal eases the parameters for forming a daily swing high. A break below 98.15 will form a swing high. Then a close below the converging 10 day MA and 50 day MA will confirm the daily cycle decline. A peak on day 8 sets up a left translated daily cycle formation. The dollar is in a daily uptrend. It will remain so unless it closes below the lower daily cycle band.

Stocks

After a brief decline into the day 34 pivot, which allowed the 10 MA to catch up to price, stocks have rallied higher.

Friday was day 40 for the daily equity cycle, placing stocks deep in their timing band for a daily cycle low. Stocks did form a swing high on Friday. Stocks will need to close below the 10 day MA to signal the daily cycle decline. Stocks are in a daily uptrend. If stocks form a swing low above the lower daily cycle band then stocks will remain in their daily uptrend and trigger a cycle band buy signal.

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.
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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.

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