Tag Archives: economy

Are the Bulls Ready To Run ?

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Stocks closed above the 10 day MA on Tuesday.

Stocks delivered bullish follow through on Friday confirming day 72 as the DCL. Stocks are now running into resistance at the 50 day MA. The decline into the day 72 DCL caused the 10 day MA to decline sharply, so stocks may need to consolidate to allow the 10 day MA to flatten out before it can turn higher. Stocks are currently in a daily downtrend. They will remain in their daily downtrend unless they close above the upper daily cycle band.

Stocks printed their lowest point on week 25, placing them in their timing band for an ICL.  Stocks should turn the 10 week MA lower in order to complete their intermediate cycle decline — but that may not happen.  In The Weekend Report I discuss an early signal that indicates the ICL has been set. 

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

For subscribers click here.

The Year of the Dragon

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The Hong Kong Stocks Market dropped over 56% from its January, 2018 all-time high to its 2022 low.

The HSI retested that low back in January, 2024. 

2024 is the Year of the Dragon and so far the HSI is up 13% over from its January 22., 2024 low. Could the Year of the Dragon bring good fortune to the Chinese Market?

In my special report, The Year of the Dragon, we will look at the daily, weekly, and yearly cycles for the HSI. We will discuss what will signal that the 2022 low was the final low. And then we will look at which stocks that will stand to benefit in the Year of the Dragon.

This week I am offering a special 6 week trial subscription, along with the Special Report Report – The Year of the Dragon 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 an on-going framework of expectations using cycle analysis. Click here for the trial subscription.

The 01/06/24 Weekend Report Preview

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The Dollar 

The dollar closed above the 10 day MA on Tuesday.

The dollar is now caught in between the 10 day MA and the converging 50 day MA and 200 day MA. Rejection here and a close below the 10 day MA will send the dollar into a left translated daily cycle decline.  The dollar is currently in a daily downtrend.  The dollar a close back below the 10 day MA will indicate a continuation of its daily downtrend and signal a cycle band sell signal.

Stocks

Stocks closed below the 10 day MA on Tuesday.

Stocks continued lower this week, printing its lowest point on Friday. Friday was day 47, placing stocks late in their timing band for a DCL to form. Stocks should retrace to at least the 38% Fib level in order to complete their DCL. However, RSI 05 delivered a bullish crossover on Friday — suggesting that Friday was the DCL. Stocks are currently in a daily uptrend.  If stocks form a swing low and close back above the 10 day MA that would indicate a continuation of the daily uptrend and signal a cycle band buy signal. A break above 4721.49 will form a swing low. 

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

For subscribers click here.

The 12/30/23 Weekend Report Preview

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Dollar

The dollar broke bearishly out of consolidation the previous Friday to extend the daily cycle decline.  

Breaking bearishly out of consolidation resulted in only a 3 day bloodbath phase with the dollar forming a bullish reversal on Thursday. The dollar then formed a swing low on Friday to signal a new daily cycle. We will need to see a close above the 10 day MA to label Thursday as the DCL. The dollar is currently in a daily downtrend.  The dollar will remain in its daily downtrend unless it closes back above the upper daily cycle band.

Stocks

Stocks formed a swing high on Friday.

Friday was day 43 for the daily cycle. That places stocks deep in its timing band for a daily cycle decline. A close below the 10 day MA will signal the daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in its 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

For subscribers click here.