Cycle Trading

The Dollar 

The dollar  broke below the day 28 low on Tuesday then delivered bearish follow through on Friday, closing below the 50 day MA.  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 that the intermediate cycle decline has begun.

Friday was day 32.  That places it in its timing band for a DCL.  A swing low and a close back above the 10 day MA will signal the DCL. 

Stocks

Stocks closed above the 50 day MA the previous Friday and continued higher this week.

Stocks became  stretched above the 10 day MA this week and left behind a few gaps.  Stocks may need to consolidate to allow the 10 day MA time to catch up to price or even backtest the 50 day MA to fill some of these gaps.  Stocks are currently in a daily uptrend.  They will remain in their daily uptrend unless they close below the lower daily cycle band.

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

Subscribers click here.