Market Report 1/26/16/ stop 16,000,gain(0), CG(3666),11/20/15

DJI futures  /YM -62, 7 out of 7 partial stochastics up, stop at 16,000, first daily buy signal in two weeks, Resistance above at 17,409,17183,16,579,16,179, Support at 15452, 1530, 11847 on the 200 months moving average. Soros and other speculators were sternly warned by the Chinese to stop undermining  the yuan, there was intervention in the offshore yuan and shorts got crushed. On the monthly charts the decline is just beginning, so the bounce will use up so short covering and new short sales will be established by the Exchange insiders at the resistance band above. Watch the 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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