Market Report 5/13/16, cover short trailing stop 17700, gain(200), CG(5320),11/20/15,
$DJI Futures -185, market broke through support at 17800 area, new sell short position established at 17900, 7 out of 9 stochastics down, support at 17118,15,500.
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 news of removal of Yellen did not break the back of this market but Trumps gains, even eclipsing Clinton among Hispanics will surely do so. A lesson of supply and demand coming for the Obama sacred cows that have robbed the American people out of trillions, and a spectacular chain of bankruptcies clearly on the horizon for people who thought that the money printing was actually a new beginning for the world. 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 broke the head of a pin in the decline triangle in force for months. 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 up to 1274 after correcting to 1200 level, 4 out of 9 short term stochastics are up, 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 0.9768, a reversal to daily uptrend, a bad 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 17700, 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 news of removal of Yellen did not break the back of this market but Trumps gains, even eclipsing Clinton among Hispanics will surely do so. A lesson of supply and demand coming for the Obama sacred cows that have robbed the American people out of trillions, and a spectacular chain of bankruptcies clearly on the horizon for people who thought that the money printing was actually a new beginning for the world. 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 broke the head of a pin in the decline triangle in force for months. 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 up to 1274 after correcting to 1200 level, 4 out of 9 short term stochastics are up, 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 0.9768, a reversal to daily uptrend, a bad 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 17700, 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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