Market Report 6/30/16, sell short stop 17700, CG(6245),11/20/15
Soros & Co covered their short pound, then decided that Brexit is a good thing after all and the Fed naturally agreed, pressing the money pump accelerator to the floor. This pushed $DJI another 200 points up, straight into the 17800-18000 resistance level, sending all short sellers, naysayers and New world Disorder traitors on the run of their lives, chased by Yellen's panzers. And this on a day when Trump is leading Hillary by 4% in the National Fox news poll, the Establishment clearly confident that at the end the White House will be theirs and the endless "Internal Financing" money printing outrage will continue until $1 will equal 1 Indian rupee.
Completely oblivious to the struggles of the world, another cell of GOP Establishment conspirators 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.
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.
USD/CHF fell to 0.9774 due to Yellen's intervention, 6 out 9 USD/CHF stochastics up, resistance 1.3843, gold gained some ground to 1324, 7 out of 9 stochastics up, resistance 1500. So we have a contradiction, gold and US dollar both in a bull market instead of the usual negative correlation between both, and $DJI in a monthly uptrend when the technical indicators do not support a long position. The only explanation is that Comrade Yellen UN is pumping money in support of her dearest Hillary Clinton, and creating the usual distortion of the log-normal model that compute the option premiums. Translation? With at least three EU countries ready to EUexit, and out friend Trump gaining ground, it is helpful to remember the definition of risk published on Bibi1581 on September 21, 2015:
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According to the Great Cleveland Radio and TV personality Mr. John Lanigan, risk is defined as "Walking backward completely naked, in the middle of the night, in a gay bar." It would be nice if the Fed Governors have heard this joke, since recent reports indicate that they are toying with the idea of negative interest rates, which is a disaster, or raising rates that would implode the balance sheets of weak companies and consumers, the driving force in the current Obama/Buffett economic so called recovery, which will be a catastrophe."
Completely oblivious to the struggles of the world, another cell of GOP Establishment conspirators 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.
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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