The Bullish And Bearish Case for Stocks

Stocks have rallied for 8 straight weeks. 

The S&P is on the verge of breaking out to a new all time high.

The Dow and the Q’s have already broken out to new highs. Stock are overbought and are overdue for a correction.   In my special report:  The Bullish And Bearish Case For Stocks we will take a look at the current status of stocks.  We will discuss what signals that I am looking for that will signal a bullish breakout or a bearish surprise.  In the report we will discuss how the “Joker in the Deck” factors into each scenario.

This week I am offering a special 6 week trial subscription, along with the Special Report Report – The Bullish And Bearish Case for Stocks $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, GYX, 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 report and trial subscription.

The 12/23/23 Weekend Report Preview

Dollar

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

The status of the daily cycle is not clear. The dollar is either in the early part of its timing band for a DCL or deep in its timing band for a DCL. A bearish break out of consolidation should lead to a 5 – 7 day bloodbath phase. However the dollar formed a bullish reversal on Friday.  A swing low and close back in the consolidation zone would signal a new daily cycle. We will need to see a close above the 10 day MA to label Friday 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 bearish reversal on Wednesday

Wednesday was day 37 for the daily cycle. That places stocks in its timing band for a daily cycle decline.A break below 4697.82 will form a swing high.  Then 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.