The Dollar  The dollar broke below the previous daily cycle low on Wednesday to form a failed daily cycle, confirming the intermediate cycle decline. The dollar printed its lowest point on Thursday, day 17, placing it in the early part of its timing band for a DCL. The dollar formed a swing low on Friday. […]

The 10/22/22 Weekend Report Preview

Stocks are in a precarious positions as investors await the outcome of the Federal Reserve policy meeting on Wednesday. The initial surge out of the day 26 DCL saw stocks get stretched above the 10 day MA and has since been consolidating, which is allowing the 10 day MA to catch up to price. The […]

SPX Decision Time

The Dollar  The status of the daily cycle is not clear. The dollar printed its lowest point on day 17, which is early for a DCL. The rally out of the day 17 low closed convincingly above both the 50 day MA and the 10 day MA and the upper daily cycle band — indicating […]

The 11/05/22 Weekend Report Preview

Stocks are making bullish progress. Stocks are currently in a daily uptrend. Stocks formed a swing low above the lower daily cycle band on Friday, which indicated that they remained in their daily uptrend. Now on Monday, stocks closed above the 50 day MA. A close above the 10 day MA will affirm that they […]

Bullish Progress

Stocks broke out to a new daily cycle high on Thursday. Thursday was day 20 for the daily equity cycle. The new high on day 20 shifts the odds toward a right translated daily cycle formation. That aligns with stocks begin in a daily uptrend. Stocks formed a swing low on Thursday. Forming a swing […]

Stocks Deliver Buy Signal

Something has changed for precious metals. This change can be noticed on the monthly gold/silver ratio. A rising gold/silver ratio is generally bearish for metals. A declining monthly gold/silver ratio is generally bullish for metals. And the monthly gold/silver ratio has begun to decline. The reason of the decline is because the dollar has begun […]

Bullish On Metals

Stocks broke out to a new daily cycle high on Monday but then went on to print a bearish reversal. A new on day 22 shifts the odds towards a right translated daily cycle formation. That aligns with stocks currently being in a daily uptrend. However, stocks are now stretched above the 10 day MA. […]

Bearish Reversal

The dollar printed a bullish reversal on Tuesday. Tuesday was day 30, placing the dollar in its timing band for a DCL. The longer term chart show that the dollar has retraced back to a multi decade support/resistance level. Which indicates that if the dollar forms a daily swing low here, it will likely mark […]

Dollar Support

Stocks printed a new daily cycle high on Tuesday.   A new on day 23 shifts the odds towards a right translated daily cycle formation. That aligns with stocks currently being in a daily uptrend. However, stocks are now stretched above the 10 day MA. Stocks have been consolidating the past 4 days, which is allowing […]

Consolidation

We noted on Tuesday that the dollar formed a bullish reversal on a multi decade support/resistance level. Tuesday was day 30, placing the dollar in its timing band for a DCL. The dollar went on to form a daily swing low on Thursday to signal the new daily cycle. A close above the 10 day […]

Dollar Support – Update