Market Report 5/9/16, cover short trailing stop 17850, gain(150), CG(5170), 11/20/16
DJI Futures +35, market down marginally, buying time,4 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. He made it clear that if elected President, Yellen must go, and interest rates fluctuations should be kept to minimum due to the sharp in creases in debt payments by the Government. In addition, Trump floated the idea of buying debt bonds at discount, something that horrified the bone headed Establishment idiots, who clearly were not aware or not willing to be aware of the magnitude of the National debt account and servicing. 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. Hence Trump, Hillary or Sanders on watch, we have heard from a professional that there is going to be trouble and pain, including the idea of re-negotiating the National debt at a steep discount, something known in the finance industry as a "haircut", and we already know who the victims are, the American people who were loaded with $65,000 per person debt, robbed out of interest income for 8 long years, and now will have to pay for Obama spending with their meager savings, while the Wall Street fat cats continue to invest in the future start-ups and make billions. Check Sorbane's chilling thriller "Ziban Must Die" for further details, move out of US Treasury bonds and into tangibles.
Gold /GC closed down to 1265 after surging 1300, 4 out of 9 short term stochastics are down, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1173, long term support at 1045. USD/CHF is down to 0.9711, 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. He made it clear that if elected President, Yellen must go, and interest rates fluctuations should be kept to minimum due to the sharp in creases in debt payments by the Government. In addition, Trump floated the idea of buying debt bonds at discount, something that horrified the bone headed Establishment idiots, who clearly were not aware or not willing to be aware of the magnitude of the National debt account and servicing. 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. Hence Trump, Hillary or Sanders on watch, we have heard from a professional that there is going to be trouble and pain, including the idea of re-negotiating the National debt at a steep discount, something known in the finance industry as a "haircut", and we already know who the victims are, the American people who were loaded with $65,000 per person debt, robbed out of interest income for 8 long years, and now will have to pay for Obama spending with their meager savings, while the Wall Street fat cats continue to invest in the future start-ups and make billions. Check Sorbane's chilling thriller "Ziban Must Die" for further details, move out of US Treasury bonds and into tangibles.
Gold /GC closed down to 1265 after surging 1300, 4 out of 9 short term stochastics are down, a break above 1300 now in doubt with the strength of Trump, resistance 1352, support 1173, long term support at 1045. USD/CHF is down to 0.9711, 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.
Comments
Post a Comment