Market Report 6/27/26, csts 17500,gain(400),CG(5845),12/20/15
USD/CHF rose of a bit to 0.9785 due to Brexit search of safe haven, 5 out 9 USD/CHF stochastics up, gold regained some ground to 1324, $DJI market knocking down on ever lower support levels, now at critical 17168, next crucial levels are 16800 and 15368. The market continued falling after triggering sell short order stop at 17900, now down to 17500 for a daily gain of 400 Dow points. Futures are at +136, reflex rally possible despite heavy selling in the last few sessions. If market closes below 17500 at the end of the month, a long term sell will be issued which if confirmed by weekly stochastics will tilt technicals into a bear market mode. This will complete the massive top that Yellen has been waving for months. With Brexit lost, the next step in the CFR conspiracy to erase Trump from the map is becoming problematic, and so is the future of the criminally inclined Hillary Clinton.
Completely oblivious to the struggles of the world, the brain dead of GOP are still dreaming of pushing one of their losers in place of Trump, disregarding the voice of the people. Translation? Read "Ziban Must Die" for further clues as to where this madness may lead the USA.
Idle time is evil time old timers used to say, markets threading water, hedge yourself, VIX sharp fluctuations foretells coming turbulence due to the Brexit saga. DJI Futures +136 market tested resistance at 17950 and then collapsed up 17140, first time in months.
5 out of 9 short term stochastics are up, indicating oversold condition, bounce possible on the way down, the New World Disorder crowd hopes for an explosive rally due to Brexit win has all but evaporated, the conspiracy leading to Trump demise is starting to look like another idiotic move by the brain dead of RNC. The inertia of long term stochastics will probably drag the market further down, despite of a howl of Establishment lap dogs trying to convince investors that this is just a minor dip on the way to the green pastures of the bright Hillary, Soros & Co future. The matter of fact is that the GOP has joined the Dem's and Unified Party USA, turning the country into one party system, almost certainly to face a Constitutional crisis and uncertainty, hence drop below 17000 will test support at 16226, with next stop at 15,500 and breakdown to 12830 mid-point since 2008.
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, which may be nullified if we get a fresh monthly sell in few days. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,504,16,800, 15,370,and 12081 mean support bands is still possible, but in doubt.
Gold /GC bounced around the 1300 level after Brexit loss and on the dollars reversal, right above the resistance level, 5 out of 9 long term term stochastics are up, a break above 1350 is now ahead, resistance 1352, support 1168, long term support at 1045. The brute strength of the metals is a clear indication that the Obama lapdogs will soon be jumping ship in shark infested waters. USD/CHF is up to 0.9785, a reversal and bad correlation with gold, higher interest rates shelved again byYellen, and again ,..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in a long term decline, a bear market rally last four months now topping out, 5 out of 9 stochastics down, yuan uptick may force rates hike finally on the horizon, even from Yellen but not for sure until Hillary is or if elected which is becoming very problematic.
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.
Completely oblivious to the struggles of the world, the brain dead of GOP are still dreaming of pushing one of their losers in place of Trump, disregarding the voice of the people. Translation? Read "Ziban Must Die" for further clues as to where this madness may lead the USA.
Idle time is evil time old timers used to say, markets threading water, hedge yourself, VIX sharp fluctuations foretells coming turbulence due to the Brexit saga. DJI Futures +136 market tested resistance at 17950 and then collapsed up 17140, first time in months.
5 out of 9 short term stochastics are up, indicating oversold condition, bounce possible on the way down, the New World Disorder crowd hopes for an explosive rally due to Brexit win has all but evaporated, the conspiracy leading to Trump demise is starting to look like another idiotic move by the brain dead of RNC. The inertia of long term stochastics will probably drag the market further down, despite of a howl of Establishment lap dogs trying to convince investors that this is just a minor dip on the way to the green pastures of the bright Hillary, Soros & Co future. The matter of fact is that the GOP has joined the Dem's and Unified Party USA, turning the country into one party system, almost certainly to face a Constitutional crisis and uncertainty, hence drop below 17000 will test support at 16226, with next stop at 15,500 and breakdown to 12830 mid-point since 2008.
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, which may be nullified if we get a fresh monthly sell in few days. A breach of the top formation of the upper corner of the declining tops triangle resistance bounded above by the 17803 and below by 17,504,16,800, 15,370,and 12081 mean support bands is still possible, but in doubt.
Gold /GC bounced around the 1300 level after Brexit loss and on the dollars reversal, right above the resistance level, 5 out of 9 long term term stochastics are up, a break above 1350 is now ahead, resistance 1352, support 1168, long term support at 1045. The brute strength of the metals is a clear indication that the Obama lapdogs will soon be jumping ship in shark infested waters. USD/CHF is up to 0.9785, a reversal and bad correlation with gold, higher interest rates shelved again byYellen, and again ,..., a break below 0.9432 will lead to a drop at 0.7, a crash, USD/CHF in a long term decline, a bear market rally last four months now topping out, 5 out of 9 stochastics down, yuan uptick may force rates hike finally on the horizon, even from Yellen but not for sure until Hillary is or if elected which is becoming very problematic.
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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