Market Report 3/18/16, stop 17,350, gain(950), CG(3520),11/20/15

Gold /GC eased to 1256 despite USD/CHF drop, 7 out of 8 stochastics up, daily trend up, resistance 1336, support 1173, we are watching for confirmation of a 2nd monthly buy signal in four months, long term support at 1045. USD/CHF fell to 0.9690 following news that Bank of China reported draining funds from the banking system and firmed the yuan. USD/CHF in long term decline, very sluggish, 6 out of 8 stochastics down. DJI Futures +115, short term sell trailing trade stop 17,350, gain(950) since establishing position  at 16,400, break of the resistance envelope, market broke the lock on one deviation of the pivot of 16,160. 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. Market out of equilibrium with 6 out of 8 partial stochastics up near a top, 1st weekly buy in some time, test of the moving average resistance at 17284 was successful and region of selling pressure is behind, market has broken the upper corner of the declining tops triangle bounded above by the 17317 and below by 16,500, 15,400 mean support band. Watch for DJI breaking 17,350, 16,400, and 15,391 support and gold breaking over 1282 after correcting to lower 1100. Market is correlated with the Chinese yuan and gold as if Trump does not exists, suggesting that the RNC quasimodos have devised a plan to put a bloody horse head on his pillow, and hence we are looking for at least of 4 to 8 years of a splendid leadership of our new leader, 1st Secretary of Unified Party USA Comrade Hillary Rodham Clinton, endless money printing, continuing robbery of investors using negative interest rates, a liberal court that will crush any anti-immigration assaults, and full and complete destruction of USA as we know it. Watch the stop at 17,350........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.