The Miners delivered a buy signal Thursday. The initial thrust out of the day 16 DCL saw the Miners close above the upper daily cycle band. Closing above the upper daily cycle band ends the daily downtrend and begins a daily uptrend. It also indicates that the ICL has been set. The Miners backtested the […]

Miner Buy Signal

The Miners closed above the upper daily cycle band on Tuesday, causing them to become stretched above the 10 day MA   The Miners then formed a swing high on Wednesday and remained above the 50 day MA on Thursday – but then closed below the 50 day MA on Friday. After finally closing above […]

Miner Concern

Semi Conductors were leading the bull market higher during the advancing phase and then lead the marker lower during the declining phase. The triple leverage Semi Conductor ETF saw a huge spike in volume on Monday. These volume spikes on the leveraged funds can signal that a turning point is near. Stocks backtested the day […]

Volume

Oil closed above the 50 day MA on Thursday then closed above the September high on Friday. Printing a higher high signals that the ICL has been set.   Oil also closed above the upper daily cycle band on Friday. Closing above the upper daily cycle band ends the daily downtrend and begins a new […]

Oil Is About To Deliver Another Buy Signal

Stocks formed a bullish reversal on Thursday. Thursday’s bullish reversal closed above the 10 day MA. Thursday was day 26 for the daily equity cycle, placing stocks in the early part of its timing band for a DCL. Not only did Thursday’s bullish reversal close above the 10 day MA, but it also closed above […]

Stocks Deliver Bullish Reversal

The Dollar  The dollar printed a bearish reversal on Thursday. Thursday was day 7. If the dollar delivers bearish follow through and closes below the 10 day MA, that would set the dollar up for a left translated daily cycle formation. However the dollar is currently in a daily uptrend. If the dollar forms a […]

The 10/15/22 Weekend Report Preview

Stocks printed their lowest point on day 26, placing them in the early part of its timing band for a DCL.  Thursday’s bullish reversal saw stocks also close above the 10 day to signal that day 26 was the DCL. But stocks ran into resistance at the declining trend line on Friday and ended up […]

Stocks Need To Cross The (Trend) Line

Stocks got a bit stretched above the 10 day MA on Tuesday and formed a swing high on Wednesday, then closed lower again on Thursday. The decline into the day 26 low caused the 10 day MA to decline sharply.  Stocks may be consolidating to allow the 10 day MA to flatten out before it can turn […]

Stocks Holding Above The Trend Line

Stocks delivered more bullish follow through on Monday. Monday’s rally caused the 10 day MA to turn higher, which is more confirmation that day 26 hosted the DCL. Now stocks are approaching the 50 day MA. The 50 day MA typically has provided either support during intermediate advances or resistance during intermediate declines. So we […]

The 50 Day MA

We discussed on Monday about the potential resistance at the 50 day MA. Stocks ran into resistance at the 50 day MA on Wednesday then formed a swing high on Thursday. The rally out of the DCL saw stocks close above the upper daly cycle band on Tuesday. Closing above the upper daily cycle band […]

The 50 Day MA – Update