Stocks Closed Above The 200 DMA

Stocks closed above the 50 day MA on Tuesday then delivered bullish follow through Wednesday, Thursday and Friday — closing above the declining 200 day MA on Friday. 

Stocks have consistently been rejected by the 200 day MA since April. Closing above the 200 day MA is a potential game changer. Any bullish follow through would indicate an end to the bear market. There are some canaries in the coal mine that point to this, which I covered in The Weekend Report.

Through Sunday, 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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