Cycle Trading

The Dollar

The dollar to formed a bearish reversal on Wednesday then delivered bearish follow through Thursday and Friday to close below the 200 day MA.

The dollar formed a swing high and broke below the day 30 low on Thursday. Breaking below the previous DCL forms a failed daily cycle and extends the intermediate cycle decline. The dollar is currently in a daily downtrend.  Forming a swing high below the lower daily cycle band indicates a continuation of the daily downtrend and signals a cycle band sell signal.

Stocks

Stocks broke bullishly out of consolidation on Wednesday, closing above the 200 day MA, then printed a higher high on Thursday.

The new high on day 34 locks in a right translated daily cycle formation. Friday was day 35, placing stocks deep in their timing band for a DCL. Stocks formed a swing high on Friday. If stocks deliver bearish follow through and close below both the 200 day MA and the 10 day MA that will signal the daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close back below the lower daily cycle band.

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The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
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