Market Report 5/24/16, CG(5870), 11/20/15
$DJI Futures +5, market up 213, finding support in the critical 17500 level, charge to the tip of the triangle of declining tops similar to 2001 and 2007, break below 16800 coming, 5 out of 9 stochastics up, $DJI in a daily down trend, support at 17118, failing that next stop is 15,500. Today's bounce is due to overbought condition, supported by Fed's intervention in Forex spreads.
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. 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. Trump's dreamed VP candidate Senator Porker R(TN) was investigated by SEC for insider trading with his daughters, producing exceptional short term profits in a company ticker symbol CBL. In addition, he was a member of despised Gang of 8, and one of standards of corruption and dishonesty in the beltway. The fact that Trump is even talking to him is an indication that the pirates and cut throats of RNC are pushing behind the scenes their sick and criminal Unified Party USA vision based on Yellen's Internal Financing scheme. Check "In the Tracks of the Cobra" for a further look at possible scenarios in case Trump is elected despite all IED's laid down by the Establishments conspirators and saboteurs.
Gold /GC closed below support down to 1227 due to strong dollar, 8 out of 9 short term stochastics are down, a fresh weekly sell, 1st in 17 weeks, break below 1200 to test 1160 level, long term support at 1045. We shall have to wait and see if the newly initiated trading exchange in Shanghai will deter Yellen from crashing the precious metals market and re-inforce her evil and dictatorial power supported by unlimited money printing. USD/CHF is up to 0.9930, a reversal to daily uptrend, a good correlation with gold, higher interest rates possible coming soon due to Trump growing following,..., 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, 7 out of 9 stochastics up, rates hike may finally on the horizon, even from Yellen but not for sure until Hillary is elected. 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. 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. Trump's dreamed VP candidate Senator Porker R(TN) was investigated by SEC for insider trading with his daughters, producing exceptional short term profits in a company ticker symbol CBL. In addition, he was a member of despised Gang of 8, and one of standards of corruption and dishonesty in the beltway. The fact that Trump is even talking to him is an indication that the pirates and cut throats of RNC are pushing behind the scenes their sick and criminal Unified Party USA vision based on Yellen's Internal Financing scheme. Check "In the Tracks of the Cobra" for a further look at possible scenarios in case Trump is elected despite all IED's laid down by the Establishments conspirators and saboteurs.
Gold /GC closed below support down to 1227 due to strong dollar, 8 out of 9 short term stochastics are down, a fresh weekly sell, 1st in 17 weeks, break below 1200 to test 1160 level, long term support at 1045. We shall have to wait and see if the newly initiated trading exchange in Shanghai will deter Yellen from crashing the precious metals market and re-inforce her evil and dictatorial power supported by unlimited money printing. USD/CHF is up to 0.9930, a reversal to daily uptrend, a good correlation with gold, higher interest rates possible coming soon due to Trump growing following,..., 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, 7 out of 9 stochastics up, rates hike may finally on the horizon, even from Yellen but not for sure until Hillary is elected. 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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