Market Report 1/29/16/stop 16150, CM(3666), 12/20/15, The days of madness

Bank of Japan adopted negative interest rates by imposing 0.1% charge on deposits; i.e the depositors must pay the bank to keep their money. The move follows ECB 2014 move to force banks to lend more as a way out of the deflationary spiral. BOJ cut its expected inflation rate to 0.8% from 1.2%. Market reacted to the Yellen coordinated Forex move by opening on a gap through the 16179 level to close just below another resistance level of 16578 and 17183. DJI futures +16, short term daily trend up, stochastic at 65%, Resistance above at the 17500 level band. Gold approaching resistance at 1133 to 1150 level.Watch the daily stop for protection.............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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