Market Report 4/15/16, trailing sell stop 17516, CG(4670),11/20/15
DJI Futures -31, market was down marginally, 6 out of 9 stochastics down, daily sell signal, resistance above at 18,000 and the 18351 all time high, plenty of support below at 17516,17,116, 16870.
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.
Trump is warning GOP of consequences if his nomination is rejected despite of having majority vote. In addition, China Forex reserves are to be depleted due to the currency war uninitiated by Yellen's 8 years of printing money, so a severe banking crisis is directly ahead, Hillary, Sanders or Trump regardless. Americans intestinal fortitude will be tested severely, yet the chances of millions of completely clueless people voting for Hillary are high, even though she would clearly lead us to negative interest rates and more robbery and destruction of the middle class. Hence a reaction by the masses is very unlikely and fighting to reclaim our country and Constitution from the elites is clearly not in the cards. 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 up to 1234, 8 out of 9 short term stochastics are up, gaining relative strength, a break above 1300 coming, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9679, a reversal to daily uptrend, a contradiction..., 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.
Trump is warning GOP of consequences if his nomination is rejected despite of having majority vote. In addition, China Forex reserves are to be depleted due to the currency war uninitiated by Yellen's 8 years of printing money, so a severe banking crisis is directly ahead, Hillary, Sanders or Trump regardless. Americans intestinal fortitude will be tested severely, yet the chances of millions of completely clueless people voting for Hillary are high, even though she would clearly lead us to negative interest rates and more robbery and destruction of the middle class. Hence a reaction by the masses is very unlikely and fighting to reclaim our country and Constitution from the elites is clearly not in the cards. 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 up to 1234, 8 out of 9 short term stochastics are up, gaining relative strength, a break above 1300 coming, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9679, a reversal to daily uptrend, a contradiction..., 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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