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Old 02-20-2016, 01:24 PM   Nav to Top  #361
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The Dollar

The dollar broke above the declining trend line on Tuesday and closed above the lower daily cycle band indicating a new daily cycle.

301 Moved Permanently

Friday was day 5 for the new daily cycle. If the dollar is on week 10, like I suspect, then we should see the buck roll over day day 8 and form a left translated, failed daily cycle.


However, if the dollar goes on to close above the upper daily cycle band, that will indicate that this was week 1 of a new intermediate cycle.



Stocks

The clear and convincing break of the declining trend line on Wednesday along with the close above the lower daily cycle band confirms that stocks left behind an extended 60 day, daily cycle low.


301 Moved Permanently

Since December stocks have been in a daily down trend characterized by lows forming below the lower daily cycle band and peaks occurring below the upper daily cycle band. Stocks will remain in a daily down trend until they can close above the upper daily cycle band. And a close above the upper daily cycle band will also confirm a new intermediate cycle.

Further discussion can be found on my blog.
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Old 04-23-2016, 06:28 AM   Nav to Top  #362
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The Dollar


The dollar broke above the declining trend line in a clear and convincing manner last Wednesday to signal a new daily cycle. Then the dollar drifted lower, back testing the recent daily cycle low. A bullish reversal formed on Thursday with more bullish follow through on Friday.




Friday was day 8 for the dollar's daily cycle. A break above the day 2 high of 95.21 will begin to shift the odds towards a right translated cycle formation. The dollar is in a daily down trend characterized by peaking below the upper daily cycle band and lows forming below the lower daily cycle band. The dollar will remain in the daily down trend until it can close above the upper daily cycle band.






Stocks


Stocks printed a higher high on Wednesday, day 9. A daily swing high formed on Thursday and stocks drifted lower on Friday, losing 30 points since the Wednesday peak.


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Since stocks have printed their intermediate cycle low in February stocks has had a series of minor pullbacks, in the range from 30 to 55 points. Stocks continue to close above the upper daily cycle band which indicates that stocks are in a daily uptrend. Stocks should remain in a daily uptrend until they close below the lower daily cycle band.
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Old 04-26-2016, 08:49 AM   Nav to Top  #363
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I really love how when Dollar drops even if your stock surges you basically lose. Kind of rises a question if there is actually even point to trade somewhere other than Forex...
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Old 05-30-2018, 06:35 AM   Nav to Top  #364
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The Dow Jones industrial average fell 1.58% amid losses in $GS, $BA, and #JPM, and once again erasing year-to-date gains. Analyze the dow30 stock here.https://bit.ly/2IG68fh
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Old 02-21-2019, 12:25 AM   Nav to Top  #365
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Default Dow Jones Witnesses A Rise: A Look At Factors That Helped

It seems like the market participants can now take a sigh of relief as the positive momentum was witnessed in the markets.Read more
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