Market Report 3/31/16, sell trailing stop 17,500, gain(1100), CG(3520), 11/20/15
Gold /GC up to 1235 on USD/CHF weakness, 3 out of 9 stochastics down including monthly, gaining relative strength, test of 1138-1175 area imminent, resistance 1352, support 1173, long term support at 1045. USD/CHF down to 0.96086 due to Yellen's money printing..., USD/CHF in long term decline, 5 out of 9 stochastics down, including monthly. DJI Futures +21, market fell, but still above of trailing sell stop at 17,500 and bounced back above 17,500, gain(1100) since establishing position at 16,400, break of the resistance envelope, market broke the lock on one deviation from 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 12,081, which is bellow the 50% re-tracement point of 12,425, i.e a nasty bear market. Market out of equilibrium with 3 out of 9 stochastics down, Yellen's friends are digging trenches for the incoming attack on DJI 18351 and above, trying to breach the top formation by surprising the enemy holding large short positions, after averages have bounced of the upper corner of the declining tops triangle resistance bounded above by the 17603 and below by 17,500,16,975, 15,946,15,370,and 12081 mean support bands. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1100. Trump had a "nice meeting" with RNC manipulator and conspirator Reince Priebus whose integrity is more crooked that dogs hind legs, after rumors surfaced that he may renege on the "pledge" not to run as 3rd party nominate. Should RNC disqualify Trump even with having the majority vote, the prediction of riots will turn almost surely true and throw this country into a Constitutional crisis. Consult "Ziban Must Die" for further insight. Volatility is directly ahead, so hedge your positions by what the markets say, not the pundits. Watch the stop at 17,500........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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