Stocks printed a new daily cycle high on Monday.

Monday was a day 16 for the daily equity cycle. The new high on day 16 shifts the odds towards a right translated daily cycle formation. Stock are now getting a bit stretched above the 10 day MA and may need to consolidate to allow the 10 day MA catch up to price.

Stocks are also stretched above the 10 week MA. And stocks are running into resistance at the August high. This is an area where we can see some profit taking after a nice 4 week run up.

In the short term I would advise some caution. But my intermediate view for stocks is bullish. Which is something that I detailed in the recent Weekend Report.

This week I am going to offer an early Black Friday Special.

The Likesmoney Black Friday Sale for New Subscribers

Black Friday Sale — get an extra month on the 3 month subscription – 4 months for $60 — click here.

Black Friday Sale — get an extra two months on the 6 month subscription – 8 months for $100 — click here.

Here is what is included in the Weekend Report Subscription

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 – and it includes the Likesmoney Combination Cycle Tracker & Trend Tracker.

2) The Mid-Week Update. Posted on Wednesdays is a review of the charts for the above mentioned asset classes.

3) The Weekend Updates, posted on Sundays, take a look of the daily & weekly charts of the Dax, Copper, Natgas & XLE.

4) Weekly Update of the Bullish Percentile Bingo

5) Frequent updates of my proprietary FAS Buy/Sell Indicator

The goal of the Weekend Report is to develop an on-going framework of expectations using cycle analysis.