Market Report 5/27/16, stop 17600, CG(5870),11/20/15
$DJI Futures 48, market up 45, change to daily up trend, 9 out of 9 stochastics are up, back up the resistance band at 17800, Yellen dancing, dancing and dancing.... If you believe that the stock market has predictive qualities, the next President of the evolving Islamic Union of US must again be the 1st Secretary of Unified Party USA, Comrade Barack Huseinovitch Obama, forget about Trump or Sanders.
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. Yellen again had her zero rate conversation, and market sacred cows and Obama lap dogs followed, a charade that has been going on for years. Will Hillary be indicted or sent to prison? Will Trump and Sanders change the dynamics and present an un-expected turn of events that may un-nerve the markets? Greenspan raised red flags about continuing deficits and debt creation by the Fed's.
Gold /GC sank to 1215 due to dollar correction, courtesy of Yellen's intervention and complete lack of Trump or Sanders fear in the markets. Still 5 out of 9 short term stochastics are up, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1168, long term support at 1045. USD/CHF is down to 0.9848, 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, 8 out of 9 stochastics up, rates hike may finally on the horizon, even from Yellen but not for sure until Hillary is elected. Watch the stop at 17600. 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. Yellen again had her zero rate conversation, and market sacred cows and Obama lap dogs followed, a charade that has been going on for years. Will Hillary be indicted or sent to prison? Will Trump and Sanders change the dynamics and present an un-expected turn of events that may un-nerve the markets? Greenspan raised red flags about continuing deficits and debt creation by the Fed's.
Gold /GC sank to 1215 due to dollar correction, courtesy of Yellen's intervention and complete lack of Trump or Sanders fear in the markets. Still 5 out of 9 short term stochastics are up, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1168, long term support at 1045. USD/CHF is down to 0.9848, 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, 8 out of 9 stochastics up, rates hike may finally on the horizon, even from Yellen but not for sure until Hillary is elected. Watch the stop at 17600. 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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