Market Report 1/20/16/csts 16100, gain(210), CMG(3256), 11/20/15

The market failed the 16900 support level and then penetrated the 15766 level, the September 2015 low of 15766, probing all the way to 15,500, cover short trailing stop at 16100, gain(210). 4 short term, out of 7 partial stochastics are positive, Yellen in the market trying to prevent escalation of the selling with her Chinese partners. Long term support at 15370 area, extremely critical support at 14173 that took nearly six year to break on the upside. Breaking below 14173 will take us down to the 50% re-tracement of 12425 of the 2008 Fed supported rally. The 20 year long chart of the USD/CHF is a secular bear market with all time high in the spring of 2001 of 1.8313 and the way down to debasement of the US currency. The gold market  long term chart has a band support in 1032-1045 area, breaking below that and the next support is at 669, a full blown banking crisis. .....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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