Market Report 4/14/16, trailing stop 17,516, CG(4670), 11/20/15
DJI Futures -2, market was up marginally, 7 out of 9 stochastics up, resistance above at 18,000 and the 18351 all time high, plenty of support below at 17516,17,116, 16870. Comrade Sanders keeps pounding during the Dem's debate on the Establishment patsy Hillary Clinton for getting millions in bribes . He is infinitely more dangerous than GOP trashed Trump in his plans to stage a global US war on the climate change, even if it may disrupt the economy and finance. If the RNC had any brains at all which they don't, they would sack Sanders and let Trump win, after all he is free marketeer, always better than an outright communist. In addition an obscure Ohio law was discovered that will send all RNC conspirators to jail, should they deicide to horse trade delegates in Cleveland in their idiotic obsession with destroying Trump.
On the DJI monthly chart the market is in 8th month of monthly down trend, and only the money printing of Yellen is keeping it from downward collapse. The only way to go is up, a breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17603 and below by 17,516,16,975, 15,946,15,370,and 12081 mean support bands. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1100.
Americans will be tested severely, yet the chances of fighting this outrage and reclaiming their country and Constitution is very problematic. Please read the April 3, 2016 blog "Do you smell rats?" and Sorbane's chilling triller "Ziban Must Die" for further insights.
Gold /GC is down to 1230 , 5 out of 9 short term 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 is up to 0.9672, a reversal to daily uptrend..., 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, 5 out of 9 stochastics up, including monthly. Watch the stop at 17,516, buy position established at 17300...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 in 8th month of monthly down trend, and only the money printing of Yellen is keeping it from downward collapse. The only way to go is up, a breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17603 and below by 17,516,16,975, 15,946,15,370,and 12081 mean support bands. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1100.
Americans will be tested severely, yet the chances of fighting this outrage and reclaiming their country and Constitution is very problematic. Please read the April 3, 2016 blog "Do you smell rats?" and Sorbane's chilling triller "Ziban Must Die" for further insights.
Gold /GC is down to 1230 , 5 out of 9 short term 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 is up to 0.9672, a reversal to daily uptrend..., 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, 5 out of 9 stochastics up, including monthly. Watch the stop at 17,516, buy position established at 17300...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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