Cycle Trading

Stocks delivered a very bullish signal this week.

Stocks closed above the converging 10 week MA and 50 week MA to confirm week 20 as the intermediate cycle low. Stocks are currently in a weekly downtrend. But a close back above the upper weekly cycle band will end the weekly downtrend and begin a new weekly uptrend.  

In the Weekend Report I go on to discuss how this is not only the intermediate cycle low, but quite possibly the yearly cycle low as well.