Market Report 3/8/16, stop 17116, CG(4650), 11/20/15
DJI Futures +35, market up after triggering sell trailing stop at 17,550 and bouncing of the low. Stochastics mixed, 5 short term down, 4 long term up including daily, plenty of support below at 17116,16870 for Yellen to resume her dancing lesson to all Trump infidels.
On the DJI monthly chart the market is making the beginning of a new down leg to 15,351 and 12,081, which is bellow the 50% re-tracement point of 12,425, i.e a nasty bear market, a drop below 17430 will complete top, market losing momentum. The Dem's Establishment has been having swell time watching the RNC throw waves of retarded RomRyns morons, (Romney/Ryan mutated genetic clones) at Trump while Hillary,Obama & Co were smoking big cigars and drinking champagne, twirling their thumbs while chairs, ladders and broomsticks were tossed between the Republicans, just to get a shoe in the face themselves when they realized that Comrade Sanders is infinitely more dangerous to their wicked and dishonest money printing robbery. His devilish plan to clamp down on the unlimited and lawless power of the Federal Reserve and the Wall Street investment banks could make Trump looks like the character from "Charlie Brown" song who called the English teacher, "dady-o". Hence their evil design to push the DJI to 18351 and above is on hold for now, since the fate of criminally burdened Hillary is not clear yet. This decline may be allowed to test the near support at 16890, thus empowering the bears to establish new short positions, which in turn will again be used by Yellen's friends on the Exchange to suddenly reverse course and trigger a short covering rampage. Works all around , doesn't it? The market will re-try to breach the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17603 and below by 17,550,16,975, 15,946,15,370,and 12081 mean support bands. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1100. The shock of the Sanders remarks was evident by Comrade Yellen Un and Chair of GE both finding time from their busy schedule to attack the economics of Comrade Sanders, who if elected will be only the 2nd President to attempt to raise his hand against the illegal power of the Planetary Government and their dear friends at the BIS (Bank of International Settlements) back in old Switzerland, yes, the very same wonderful smile people who continued to deal with Adolf Hitler while millions of Jews were exterminated in the camps. So those guys ain't no fun, hence check "Ziban Must Die" for further insights on the unpredictable events ahead of us, the most unpredictable one being the election of the completely retarded John Kasich as our new President with only 156 delegates so far, yes the same Kasich who as the Governor of my own Great State of Ohio spent 600 million of peoples dollars on feeding the illegals instead of fixing the potholes on the roads. Gold /GC up to 1240 on USD/CHF weakness, 5 out of 9 stochastics down, losing again relative strength, a break below 1220 will lead to test of 1138-1175 area, resistance 1352, support 1173, long term support at 1045. USD/CHF down to 0.9558 and keeps going down until after the election..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in long term decline, a bear market rally last four months now topping out, 8 out of 9 stochastics up, including monthly. Watch the stop at 17,116........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.
On the DJI monthly chart the market is making the beginning of a new down leg to 15,351 and 12,081, which is bellow the 50% re-tracement point of 12,425, i.e a nasty bear market, a drop below 17430 will complete top, market losing momentum. The Dem's Establishment has been having swell time watching the RNC throw waves of retarded RomRyns morons, (Romney/Ryan mutated genetic clones) at Trump while Hillary,Obama & Co were smoking big cigars and drinking champagne, twirling their thumbs while chairs, ladders and broomsticks were tossed between the Republicans, just to get a shoe in the face themselves when they realized that Comrade Sanders is infinitely more dangerous to their wicked and dishonest money printing robbery. His devilish plan to clamp down on the unlimited and lawless power of the Federal Reserve and the Wall Street investment banks could make Trump looks like the character from "Charlie Brown" song who called the English teacher, "dady-o". Hence their evil design to push the DJI to 18351 and above is on hold for now, since the fate of criminally burdened Hillary is not clear yet. This decline may be allowed to test the near support at 16890, thus empowering the bears to establish new short positions, which in turn will again be used by Yellen's friends on the Exchange to suddenly reverse course and trigger a short covering rampage. Works all around , doesn't it? The market will re-try to breach the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17603 and below by 17,550,16,975, 15,946,15,370,and 12081 mean support bands. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1100. The shock of the Sanders remarks was evident by Comrade Yellen Un and Chair of GE both finding time from their busy schedule to attack the economics of Comrade Sanders, who if elected will be only the 2nd President to attempt to raise his hand against the illegal power of the Planetary Government and their dear friends at the BIS (Bank of International Settlements) back in old Switzerland, yes, the very same wonderful smile people who continued to deal with Adolf Hitler while millions of Jews were exterminated in the camps. So those guys ain't no fun, hence check "Ziban Must Die" for further insights on the unpredictable events ahead of us, the most unpredictable one being the election of the completely retarded John Kasich as our new President with only 156 delegates so far, yes the same Kasich who as the Governor of my own Great State of Ohio spent 600 million of peoples dollars on feeding the illegals instead of fixing the potholes on the roads. Gold /GC up to 1240 on USD/CHF weakness, 5 out of 9 stochastics down, losing again relative strength, a break below 1220 will lead to test of 1138-1175 area, resistance 1352, support 1173, long term support at 1045. USD/CHF down to 0.9558 and keeps going down until after the election..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in long term decline, a bear market rally last four months now topping out, 8 out of 9 stochastics up, including monthly. Watch the stop at 17,116........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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