Market Report 2/26/16/stop 16150, CG(3520),11/20/15

Gold /GC down to 1222.8, 5 out of 7 stochastics down, resistance 1250,support 1195, we are watching for confirmation of a 2nd false monthly buy signal at the end of the month, long term support at 1045. USD/CHF rally to 1.0262, support 0.9900, 0.9750, USD/CHF in long term decline, DJI Futures -84, market fell 57 to points to 16,640 after after crashing into upward resistance at 16,622.  Trump win of the GOP debate and endorsements flowing in make some people shiver, talk of lowering bids on stocks, short term trade stop 16,150, market locked within 300 points of the pivot of 16161. On the DJI monthly chart the market is making the beginning of a new down leg to 15,391 and 11,876, which is bellow the 50% re-tracement point of 12,425, i.e a nasty bear market. 5 out of 7 partial stochastics down, some already topping out, bumping into the resistance 16,400-16,620 band, in extreme volatility 17284 possible due to short squeeze on the bears. Support below at 15,500,15,370 areas, market in the lower corner of the declining tops triangle bounded above by the 16,500 mean resistance band, and below by the 15,400 support band.Watch for breaking 15,391 support and gold breaking over 1282 after correcting to lower 1100.The markets seem to be feeling an ice cold whiff of Trump fear, even the p/e ratio salesmen are starting to think of supply and demand, instead of the charade that been going on for the last 8 years.....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.

Comments

Post a Comment

Popular posts from this blog

Bibi1581 Blog 9/29/2017:ME

5............> Brooming Obama's Trash: 500 Arrested By ICE WASHINGTON – U.S. Immigration and Customs Enforcement (ICE) Enforcement and Removal Operations (ERO) Fugitive Operations teams arrested 498 individuals from 42 countries for federal immigration violations in multiple cities across the U.S. during a four-day operation that ended Wednesday. Operation ‘Safe City’ focused on cities and regions where ICE deportation officers are denied access to jails and prisons to interview suspected immigration violators or jurisdictions where  ICE detainers  are not honored. The operation targeted individuals who have violated U.S. immigration laws, prioritizing aliens with criminal convictions, pending criminal charges, known gang members and affiliates, immigration fugitives and those who re-entered the U.S. after deportation. Individuals with active DACA were not targeted for arrest. “Sanctuary jurisdictions that do not honor detainers or allow us access to jails and prisons are s...
Read more

Bibi1581 Blog For 9/13/2017: Morning Edition

1..............> Un Darling: Mr.Xi China's very shrewd Mr.Xi insisted on watering down latest sanctions to let Kim Jong-un know that he is still their favored pit bull that can keep its diamond studded nuke collar, and that Beijing does not believe sanctions will force the North Korean leader to surrender his weapons. http://www.bbc.com/news/world-asia-china-41236742 2............> Drug Dealer's Currency: Bitcoin The chief executive of JPMorgan Chase Jamie Dimon called the most popular cryptocurrency Bitcoin's value continued rise "a currency made of thin air" and a "fraud," predicting that "it won't end well." Dimon said that if one of his JPMorgan workers would trade Bitcoin, he would have fired him "in a second for two reasons. One, it’s against our rules. Two, it’s stupid." https://sputniknews.com/business/201709131057356827-bitcoin-jpmorgan-fraud-cryptocurrency/ 3.............>   Smart On Global Warming: China Bei...
Read more

Bibi1581 Blog For 9/12/2017: Morning Edition

1...........> Enemy At GOP Gate: Bannon The Barbarian In his very blunt way, former adviser to President Trump Steven Bannon said that "Russian collusion is a farce,” and had FBI Chief Comey not been fired, “we would not have the Mueller investigation." He also returned fire on Republican congressional leaders and dedicated Council of Foreign Relations operators Paul “Romney Jr.” Ryan and Mitch ”Harry’s Twin” McConnell, accusing them of "trying to nullify the 2016 election” because “they do not want Donald Trump's populist, economic nationalist agenda to be implemented." http://www.bbc.com/news/world-us-canada-41230118 2..............> Applied Global Warming: Dakka, Bangladesh A flooded street, a bus struggling on a road that looks more like a raging river, people walk in a high muddy water, half submerged rickshaws and vehicles misery stuck in rushing flood are the very familiar scenes seen in Dhaka, Bangladesh http://news.xinhuanet.com/english/2017-09/...
Read more