Cycle Trading

Stocks printed their lowest point on Thursday, day 37, placing them in their timing band for a DCL.

Stocks did not deliver any bearish follow through on Friday. Instead stocks closed back above the 50 day MA, which is the first indication that day 37 was the daily cycle low. While stocks backtested the 50 day MA on Monday, closing higher, we are looking for a swing low and a close above the 10 day MA to label day 37 as the DCL A break above 5491.59 will form a swing low. Stocks may be waiting for Wednesday’s FOMC meeting and Fed Chairman Powell comments before completing their DCL.

While I think that stocks are ready to rally in the short term, I have questions about the longer term, intermediate cycle, which I discuss my Special Report, Joker in the Deck.

This week I am offering a special 6 week trial subscription along with the Special Report – Joker in the Deck – 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 BTC, DAX, Copper, NATGAS & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary Buy/Sell Indicators for GDX & FAS & GBTC.

The goal of the Weekend Report is to develop a dynamic framework of expectations using cycle analysis. Click here for the trial subscription.