Bearish Reversal

Stocks printed a bearish reversal on Monday.

Stocks broke above the 50 day MA early on Monday but sold off into the close — closing below the 50 day MA. This is concerning. Stocks are currently in a daily downtrend. If stocks form a swing high below the lower daily cycle band that will indicate a continuation of the daily downtrend and signal a cycle band sell signal. And with a potential peak on day 10, that will set stocks up for a left translated daily cycle formation. Which makes it more likely that the 4 year cycle low is still ahead of us. The 4 year cycle low is something that I discuss in my special report, Canaries in the Coal Mine.

In the report we will:

This week, I am offering a special 6 week trial subscription, along with the Special Report: Canaries In The Coal Mine for $15. Your 6 week trial subscription you will give you full access to the premium site which includes:

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 – Which includes the Likesmoney Cycle Tracker.

2) The Mid-Week Update. Posted on Wednesday’s is a review of the daily charts for the above mentioned asset classes.

3) The Weekend Updates take a look of the daily & weekly charts of 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. Click here for the report and trial subscription.

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