Cycle Trading

Stocks continued lower on Monday.

Monday was day 53, placing stocks deep in their timing band for a DCL.

However, the Nasdaq Composite closed higher on Monday.

Despite the 2 bank failures exasperating the daily cycle decline in stocks, the Nasdaq demonstrated relative strength on Monday.

With the Nasdaq demonstrating relative strength, we will use a swing low and a close above the converging 10 day MA, 200 day MA, and the 50 day MA to signal the new daily cycle.