Cycle Trading

Stocks formed a daily swing high on Monday.

Monday was day 31 for the daily equity cycle, placing stocks in their timing band for a DCL. Stocks closed below the 10 day MA, turning it lower, to signal the daily cycle decline. A break below the daily cycle trend line will confirm the daily cycle decline. Stocks are currently in a daily uptrend. They will remain in their daily uptrend unless they close below the lower daily cycle band.