Market Report 12/29/15/sts 17582, gain(180)
USD/CHF daily buy after weekly one day correction from 1.0345 down to 0.9848, DJI futures -7 after positive partial stochastics yesterday that ignited the rally. With a daily buy in DJI Yellen's tank columns crushed Trump's hordes of doubters and Obama non-believers, Resistance band above 17827, 17970, 18165, trailing sell stop critical at 17582, gain(180). Partial stochastics today point to a dip at opening, but the momentum of longer durations still up, an indication that Auntie Yellen has printed 12 billions of fresh WV $17 bills and will attack the highs of 18351 to show her sincere belief that Trump and all his New World Disorder traitors will not be allowed to destroy the beautiful and very profitable 8 years of printing money internal financing scheme. The correlation between USD/CHF and Gold/GC is correct, but not between DJI and USD/CHF where the usual thing for the last 8 years has been weak dollar pouring foreign money in the US stock market. Hence on that point the current rally has to run into resistance, since the strong dollar is depressing the earnings of Obama's multinational friends, a contradiction. The chart of AAPL looks surprisingly weak and fragile. Watch the trailing stop............................Disclaimer: Investing in the stock market involves risk of loss. The market commentary provided by bibi1581.blogspot.com is for entertainment purpose only, and it is not to be construed as suggestion or investment advice to buy or sell securities. Always consult a registered investment professional or broker before committing money to any stock or option instrument. Bibi1581.blogspot.com is not responsible for any direct or consequential losses incurred in violation of this disclaimer. Read all SEC rules and regulations before making investment decisions.
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