Cycle Trading

The status of the daily cycle has not been clear. The decline into the day 35 low, in July, did not turn 10 day MA lower — so it was not clear if day 35 was a DCL.  Nor is it clear if day 47 was the DCL because, again, the 10 day MA did not turn lower. What is clear is that stocks are currently in a daily uptrend.  Closing back above the 10 day MA on Friday indicates continuation of a daily uptrend and signals a cycle band buy signal so we will label day 47 as the DCL.