It has been 24 weeks since the last recognizable intermediate cycle low. Rejection by the 50 day MA on day 7 set stocks up for a potential left translated daily cycle formation — which did not happen.
Stocks closed above the 50 day MA on Wednesday then delivered bullish follow through Thursday and Friday. I think that the game changer was U.S. Treasury Secretary Janet Yellen closed meeting of the Financial Stability Oversight Council (FSOC) on Friday. Markets are suspecting a Fed pivot will follow.
To summarize: Instead of delivering bearish follow through following the bearish reversal on day 7, stocks delivered a bullish surprise. This shifts the odds towards October being the 4 year cycle low and stocks being in a new bull market.
In the Weekend Report, I take a closer look at the parameters for the 4 year cycle low. And I also discuss the confirmations needed to label October as the 4 year cycle low.
This week I am offering a special 6 week trial subscription to the Weekend Report for $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 GBTC, DAX, GYX, 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. Click here for the report and trial subscription.
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