Summary The Dollar printed its lowest point on week 19, placing it in its timing band for an Intermediate Cycle Low (ICL). The Dollar has broken above the 10 week moving average and turned it higher, signaling a potential shift in momentum. If the Dollar closes above the upper weekly cycle band, it would signal the Yearly Cycle Low and begin a new weekly uptrend. The Dollar printed its lowest…

Stocks bottomed on November 21st. That made Friday day 4 for the new daily cycle for the broader market. Nvidia, however, is still seeking out its own daily cycle low. Nvidia broke below its previous DCL on November 21st and failed to form a swing low at that time. The decline continued into Tuesday, where NVDA printed a lower low on day 24 — a bit early for the typical timing of its DCL.…

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 dollar has entered its timing band for printing an intermediate (weekly) cycle low. And it is three days shy of its timing band for a daily cycle low. Is the dollar ready to cross the line?

The dollar has already entered its yearly cycle decline.…