Cycle Trading

Stocks fell for a seventh straight session and suffered their biggest weekly drop since the 2008 financial crisis.

The Dow Jones dropped over 3500 points and the S&P closed down over 11.49%. The huge drop caused stocks to form a weekly swing high. Stocks also broke below the 10 week MA and closed convincingly below the 50 week MA to confirm the intermediate cycle decline.

This was week 21 for the intermediate equity cycle placing stocks in their timing band for an intermediate cycle low. A weekly swing low is required to form an intermediate cycle low. And after such a big weekly drop stocks will need to form a narrow range lower weekly low in order to ease the parameters for forming a weekly swing low.

Stocks closed below the lower weekly cycle band to end their weekly uptrend and begin a weekly downtrend. In my Special Report: The Status of the Yearly Cycle, I plan to breakdown the yearly cycle and why I think the stocks will still go lower.

Along with mySpecial Report: The Status of the Yearly Cycle, I am running a 6 week trial subscription special. The 6 week trial subscription you will have 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 GBTC, 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 special report Special Report: The Status of the Yearly Cycle and 6 week trial subscription offer click here.

Current subscribers can access the report here.