Market Report 5/31/16, stop 17700, CG(5870),11/20/15
$DJI Futures +4, market down -86, change to daily up trend, 7 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 USA must again be the 1st Secretary of Unified Party USA, Comrade Barack Huseinovitch Obama, forget about Trump or Sanders. The other thesis is that insiders know something we don't, the market being in a wait mode for the (and or) news that:
1. Hillary will not be charged in the e-mail outrage, Sanders surrenders, becomes her VP and of they go to the White House.
2. The GOP Establishment Insiders and Unified party USA will deny Trump the nomination effectively handing the White House to Hillary, Yellen retained for another eight years and endless money printing thereafter.
3. The stunning revelation that Hillary will undergo a sex change surgery, disclosing in a Barbara Walters interview that she has been bisexual all her life, hence becoming the first US transgender President. The news will send $DJI on a up opening gap of 5000 points in the bright, green pastures of 40 trillion debt, no borders or Constitution due to gay/bisexual/transgender SUPCO, then a transition to the Islamic Sheikdom of formerly United States of America after conversion to Islam as our close friends in the Islamic Sheikdom of formerly Great Britain, led by the wise PM Grand Ayatollah David Cameron have done already. Becoming an Islamic State may bring few public executions by beheading but hey, no one is perfect. Read "In the tracks of the cobra" for further delightful details.
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.
Gold /GC sank to 1218 due to dollar correction, 5 out of 9 short term stochastics are up, a break above 1300 now in doubt, resistance 1352, support 1168, long term support at 1045. USD/CHF is up to 0.9834, a reversal to daily uptrend, a good correlation with gold, higher interest rates possible coming soon Yellen say, and says ,..., 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 17700. 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.
Gold /GC sank to 1218 due to dollar correction, 5 out of 9 short term stochastics are up, a break above 1300 now in doubt, resistance 1352, support 1168, long term support at 1045. USD/CHF is up to 0.9834, a reversal to daily uptrend, a good correlation with gold, higher interest rates possible coming soon Yellen say, and says ,..., 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 17700. 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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