Cycle Trading

Dollar

The dollar closed below the 10 day MA on Wednesday.

The dollar delivered bearish follow through on Friday by closing below the 50 day MA. to signal the daily cycle decline. The dollar also closed below the lower daily cycle band on Friday. Closing below the lower daily cycle band ends the daily uptrend and begins a daily downtrend. Closing below the lower daily cycle band also signals the intermediate cycle decline. We will be watching the 200 day MA for possible support for the DCL to form. More on this as we look at the weekly chart … which is discussed in the Weekend Report.

Stocks

Stocks have been consolidating for the past 2 weeks – until Wednesday.

Stocks broke bullishly out of consolidation on Wednesday then delivered bullish follow through on Friday.  Stocks are currently in a daily uptrend. Breaking bullishly out of consolidation indicates a continuation of its daily uptrend and signals a cycle band buy signal.

The entire Weekend Report can be found at Likesmoney Subscription Services

The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker

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