Stock Market Tides Report - Week 37

Topping and Bottoming Cycles Scan incl. interactive workbook links | 08. Sept 2024

What is the tides report?

The tides reports scans for

• dominant cycles which are in either topping or bottoming condition,

• profitable trading track-record of those dominant cycles, and

• cRSI technical condition below/above dynamic bands.

Finally building a total rating score for peaking and troughing assets with sorting a final table.

Good rating scores would require a value above 6, while values I consider for further analysis need a 7 or 8 rating. Additionally, I recommend closely monitoring the cRSI technical condition. For example, when cycles are topping while in a "bull exhaustion" status, this indicates the cycle is in the late stage of the bull market. While this could signal potential reversals, the "bull exhaustion" status also means there is still significant momentum in the market, which could lead to further extremes. Therefore, it is crucial to wait until the "bull exhaustion" status transitions to "bull fatigue" and then "bulls exit" before taking action.

For this week, we have one asset category arriving at the score of “7” for peaking assets. And two potential candidates which are close to a cycle bottom. See below.