Market Report 5/12/16, cover short trailing stop 17,900, CG(5320),11/20/15, To the bitter end?
$DJI Futures -53, market up a fraction, new sell short position established at 17900, 8 out of 9 stochastics up, a daily up signal due to a spike in volatility.
On the DJI monthly chart the market is in 8th month of monthly down trend, and the money printing has led to a trend reversal upward, first buy in almost a year, yet the removal of Yellen will not break the back of this market simply because there so much money around. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,504,16,975, 15,946,15,370,and 12081 mean support bands is still possible, but in doubt. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1200. Marker locked at the head of pin in the decline triangle in force for months. Yellen will push in the money flow until Hillary or Sandler is elected, and probably drop the support in case of Trump election. The audacity and confidence of the Establishment is astounding and frightening, whether based on fact or fiction. A lot of acute danger ahead, time to raise some serious cash and establish positions in tangibles. Keep in mind the Greek robbery by Merkel, Yellen, Draghi & Co? Check Sorbane's chilling thriller "Ziban Must Die" for further details.
Gold /GC closed down to 1268 after correcting to 1200 level, 5 out of 9 short term stochastics are down, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9698, a reversal to daily uptrend, a good correlation with gold..., 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, rates hike finally on the horizon. Watch the cover short stop at 17900, short position established at 17900...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 the money printing has led to a trend reversal upward, first buy in almost a year, yet the removal of Yellen will not break the back of this market simply because there so much money around. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,504,16,975, 15,946,15,370,and 12081 mean support bands is still possible, but in doubt. Watch for DJI breaking support and gold breaking over 1282 after correcting to lower 1200. Marker locked at the head of pin in the decline triangle in force for months. Yellen will push in the money flow until Hillary or Sandler is elected, and probably drop the support in case of Trump election. The audacity and confidence of the Establishment is astounding and frightening, whether based on fact or fiction. A lot of acute danger ahead, time to raise some serious cash and establish positions in tangibles. Keep in mind the Greek robbery by Merkel, Yellen, Draghi & Co? Check Sorbane's chilling thriller "Ziban Must Die" for further details.
Gold /GC closed down to 1268 after correcting to 1200 level, 5 out of 9 short term stochastics are down, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9698, a reversal to daily uptrend, a good correlation with gold..., 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, rates hike finally on the horizon. Watch the cover short stop at 17900, short position established at 17900...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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