Cycle Trading

Stocks rallied for 5.85% last week to close above the 50 day MA on Friday.

Stocks backtested the 50 day MA on Monday but still closed higher on the day. Stocks are now quite stretched above the 10 day MA. Stocks are beginning to consolidate above the 50 day MA, which will help to allow the 10 day MA to catch up to price. Stocks are currently in a daily uptrend. A bullish break out of consolidation will indicate a continuation of the daily uptrend and signal a cycle band buy signal. A bullish break out of consolidation would also shift the odds that stocks are entering a Santa Rally, which was discussed here.

This week I am offering a special 6 week trial subscription to the Weekend Report 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, Copper, 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 6 week trial subscription.