Oil broke below the October DCL on Monday to form a failed daily cycle and extend its intermediate cycle decline. Monday was day 40, placing oil deep in its timing band for a DCL. Oil formed a huge bullish reversal, easing the parameters for forming a swing low. A break above 80.50 will form aمتابعة قراءة “Oil Possible Daily Cycle Low”
أرشيف التصنيف: غير مصنف
Consolidation – Update
Stocks have been consolidating for the past 9 trading days just below the 200 day MA. Stocks were clearly rejected by the 200 day MA back in August which sent stocks into a failed daily cycle to extend their intermediate cycle decline. Tuesday is day 28 for the daily cycle, placing stocks in the earlyمتابعة قراءة “Consolidation – Update”
Dollar Downtrend
The dollar formed a swing high on Wednesday. The status of the dollar’s daily cycle is not clear. The dollar printed its lowest point on day 30, placing it squarely in its timing band for a DCL. The dollar formed a swing low last Thursday. Then went on to close above both the declining trendمتابعة قراءة “Dollar Downtrend”
Squeeze Play
Stocks are being squeezed by the rising 10 day MA and the declining 200 day MA. Friday is day 30 for the daily cycle, placing stocks in the early part of their timing band for a DCL. There is a chance that stocks will again be rejected by the 200 day MA – which wouldمتابعة قراءة “Squeeze Play”
Stocks Take Bearish Turn
Stocks formed a daily swing high on Monday. Monday was day 31 for the daily equity cycle, placing stocks in their timing band for a DCL. Stocks closed below the 10 day MA, turning it lower, to signal the daily cycle decline. A break below the daily cycle trend line will confirm the daily cycleمتابعة قراءة “Stocks Take Bearish Turn”
Stocks Need To Cross The Line
Stocks formed a swing high and closed below the 10 day MA on Monday to signal the daily cycle decline. Stocks closed lower on Tuesday, stopping at the daily cycle trend line. Stocks will need to break below the daily cycle trend line and turn the 10 day MA lower in order to complete itsمتابعة قراءة “Stocks Need To Cross The Line”
Attention Gold Bugs ! – Update
We looked at the long term gold chart back on November 19th. At that time we discussed that gold formed a multi year cup and handle patten. And that the rally out of the ICL had gold approaching the 1800 resistance level. We concluded that once gold breaks above the 1800, gold will be inمتابعة قراءة “Attention Gold Bugs ! – Update”
The 12/03/22 Weekend Report Preview
The Dollar The dollar to formed a bearish reversal on Wednesday then delivered bearish follow through Thursday and Friday to close below the 200 day MA. The dollar formed a swing high and broke below the day 30 low on Thursday. Breaking below the previous DCL forms a failed daily cycle and extends the intermediate cycleمتابعة قراءة “The 12/03/22 Weekend Report Preview”
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