Cycle Trading

 
 
Summary:



Dollar:
The dollar formed a daily swing low on Friday.

Stocks:
The new high on day 38 locks in a right translated daily cycle formation.

Gold
Friday’s huge bearish reversal sets gold up for a daly cycle decline.

Miners:
The Miners formed a swing high on Thursday then closed below the 10 day MA on Friday to signal the daily cycle decline.

Oil:
Oil tested the 200 day MA on Wednesday then formed a swing high on Friday.

Bonds: 
Bonds formed a swing high and closed below the 10 day MA on Friday to signal the daily cycle decline.

Stocks

This was week 19 for the intermediate cycle, placing stocks in its timing band for an intermediate cycle low.





Stocks broke out above the day 27 high on Monday and continued higher through Friday.   This looks similar to what we saw with gold in mid July.  Gold broke out of a consolidation in mid July and has gone pretty much straight up since then.  Since breaking above the day 27 high, stocks have been going pretty much straight up and appear to be rallying into their intermediate cycle peak.  Friday was day 38 placing stocks in their timing band for a daily cycle low.   A swing high and close below the accelerated (dashed) trend line will signal the daily cycle decline.  Stocks continue to close above the upper daily cycle band to indicate a daily uptrend.  Stocks remain in their daily uptrend unless they close below the lower daily cycle band.  



 LM Combo Cycle Tracker & Trend Tracker as of 08/07/20

The first number is the time period for the current cycle high.
The second number gives the current cycle count.
Ex 03/15 reads “peak on day 3/cycle count 15”

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