Market Report 5/6/16, cover short trailing stop 17850, gain(150), CG(5170),11/20/15
DJI Futures +109, market up marginally, buying time,6 out of 9 stochastics up, a fresh monthly buy, weekly also in a uptrend, short term stochastic negative, overbought dip possible before attack on the highs over 18351.
On the DJI monthly chart the market is in 8th month of monthly down trend, and the money printing of Yellen has led to trend reversal upward, first buy in almost a year, with the Insiders clearly not showing any fear of Trump Presidency. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,606,16,975, 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 1100. We are clearly heading to a direct confrontation between Establishment GOP, ready to vote for Unified Party USA's choice criminally burdened Hillary than Trump, a man who had collected millions of votes. The fracture of GOP means political instability which coupled with the 20 Trillion debt, and continuing movement away from US dollar by the Eurasian Union is a harbinger for non-linear events that are impossible to predict. Check Sorbane's chilling thriller "Ziban Must Die" for further details.
Gold /GC closed up to 1290 ready to surge over 1300, 4 out of 9 short term stochastics are down, a break above 1300 coming, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9718, 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, 3 out of 9 stochastics down, including monthly. Watch the stop at 17850, buy position established at 18000...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 of Yellen has led to trend reversal upward, first buy in almost a year, with the Insiders clearly not showing any fear of Trump Presidency. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,606,16,975, 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 1100. We are clearly heading to a direct confrontation between Establishment GOP, ready to vote for Unified Party USA's choice criminally burdened Hillary than Trump, a man who had collected millions of votes. The fracture of GOP means political instability which coupled with the 20 Trillion debt, and continuing movement away from US dollar by the Eurasian Union is a harbinger for non-linear events that are impossible to predict. Check Sorbane's chilling thriller "Ziban Must Die" for further details.
Gold /GC closed up to 1290 ready to surge over 1300, 4 out of 9 short term stochastics are down, a break above 1300 coming, resistance 1352, support 1173, long term support at 1045. USD/CHF is up to 0.9718, 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, 3 out of 9 stochastics down, including monthly. Watch the stop at 17850, buy position established at 18000...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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