Cycle Trading

Stocks are making a clear and convincing bullish break today.

We have discussed this megaphone pattern here and here. It looks stocks are ready to begin the next leg higher.

 After piercing the upper megaphone trend line on day 6, stocks have been consolidating between the September high and the October high. Today, stocks are making a clear and convincing break above the upper megaphone trend line, forming a swing low. Stocks are in a daily uptrend so today’s swing low signals a continuation of the daily uptrend and triggers a cycle band buy signal. A stop can be placed below Monday’s low. And a close above the day 6 high of 3645.99 would mean that a bubble scenario is back on the table.

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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 daily charts for the above mentioned asset classes.

3) The Weekend Updates, posted on Sundays, take a look of the daily & weekly charts of the 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.