Market Report 6/28/16, csts 17500,gain(400), CG(5845), 11/20/15
ECB Draghi said: "We have to think not just about whether our domestic monetary policies are appropriate, but whether they are properly aligned across jurisdictions,". i.e join the New World Disorder.
Even after Brexit, the CFR agents in place like Draghi insist that national interests are subservient to global demands that are in no way supported by local electorates: i.e supported by the New World Disorder and its goons like Hillary, Merkel and all other EU clowns.
USD/CHF rose of a bit to 0.9807 due to Brexit search of safe haven, 5 out 9 USD/CHF stochastics up, gold regained some ground to 1321, $DJI market knocking down on ever lower support levels, now at critical 17168, next crucial levels are 16800 and 15368. Futures are at +36, reflex rally chased the shorts, market up to 17409, below cover short trailing stop of 17500. If market closes below 17168 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 knitting for months, 5 out of 9 short term stochastics are up indicating oversold condition, predicted bounce led by short covering lifted the market +200 points, charts are tilted down and there is more action on the down side.
The Bushes and Romney conspirators are digging in for their greatest moment, that is the denial of the nomination to Trump, and the wholesale destruction of the GOP and our two party system. Another idiotic move by the brain dead RNC so called delegates numbering 400 is to change sides in the last moment, in violation of Ohio and possibly other laws. 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.
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.
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 USD/CHF is up to 0.9807, a reversal and bad correlation with gold, higher interest rates shelved again by Yellen, and again ,..., a break below 0.9807 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.
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.
Even after Brexit, the CFR agents in place like Draghi insist that national interests are subservient to global demands that are in no way supported by local electorates: i.e supported by the New World Disorder and its goons like Hillary, Merkel and all other EU clowns.
USD/CHF rose of a bit to 0.9807 due to Brexit search of safe haven, 5 out 9 USD/CHF stochastics up, gold regained some ground to 1321, $DJI market knocking down on ever lower support levels, now at critical 17168, next crucial levels are 16800 and 15368. Futures are at +36, reflex rally chased the shorts, market up to 17409, below cover short trailing stop of 17500. If market closes below 17168 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 knitting for months, 5 out of 9 short term stochastics are up indicating oversold condition, predicted bounce led by short covering lifted the market +200 points, charts are tilted down and there is more action on the down side.
The Bushes and Romney conspirators are digging in for their greatest moment, that is the denial of the nomination to Trump, and the wholesale destruction of the GOP and our two party system. Another idiotic move by the brain dead RNC so called delegates numbering 400 is to change sides in the last moment, in violation of Ohio and possibly other laws. 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.
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.
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 USD/CHF is up to 0.9807, a reversal and bad correlation with gold, higher interest rates shelved again by Yellen, and again ,..., a break below 0.9807 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.
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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