Market Report 10/28/16, sell short stop 18150,CG(6945),11/20/15
Market opened on a up gap after testing the 18250 level, and then slowly fell to close down 9 points to 18161. 5 out 9 stochastics up, mostly long term, support 18,085,17,565, resistance at 18,800. The cover short order at 18150 was triggered for a gain of zero dollars, yet another meaningless move by Yellen to control the markets until Hillary's victory. In order to confirm Hillary's rally, the market needs to break a resistance line of declining tops, yet seem to be testing the 18,000, suggesting that critical 17500 level may be next.
Trump is finished: Politico said so, Hillary wins by a landslide.
Gold closed lower at 1273.3 following a weak dollar. Still 5 out of 9 stochastics are up, including the monthly trend, yet the Establishment has decided the election outcome already: It is our beloved new President Comrade Hillary Clinton despite the latest FBI/Weiner 650,000 emails scandal.
USD/CHF monthly trend is up, but fell to 0.9888 while 5 out of 9 stochastics are down, possibly on Yellen money injection.The stocks fluctuated between 18100 and 18250 the whole day and closed down to 18161, futures are pointing up 16.The DJI has tested the 18060 level and has bounced back every time.
The market base for a Hillary victory rally will be negated should Yellen losses control and allows DJI to test the 17500 level.
Arrogance abound and dangerous if like in Brexit we get a surprise with an impossible event for the Unified Party USA and the Planetary Government ;"Bad boys bad boys, what you gonna do when they come for you?" as the song goes. Keep an eye on the cover short stop currently at 18150. Read "Ziban Must Die" for more chilling details as to where this madness is leading us to.
Important support level is now at 17515. Market has not been in such a narrow range in nearly 20 years.
Due to the extreme valuations and technical crosscurrents, we are recommending caution until the air is clear as to how Trump & Hillary nominations will influence the National polls. Market data shows the degree of option model prices distortions that makes it very difficult for traders to make a living.
$DJI is in nearly a year of declining tops in force since last December, stochastics weakening, support at 17678,16332,15200. On the medium range charts the markets are making new lower lows while tops are disguising the underlining downtrend.
USD/CHF monthly trend is up, but fell to 0.9888 while 5 out of 9 stochastics are down, possibly on Yellen money injection.The stocks fluctuated between 18100 and 18250 the whole day and closed down to 18161, futures are pointing up 16.The DJI has tested the 18060 level and has bounced back every time.
The market base for a Hillary victory rally will be negated should Yellen losses control and allows DJI to test the 17500 level.
Arrogance abound and dangerous if like in Brexit we get a surprise with an impossible event for the Unified Party USA and the Planetary Government ;"Bad boys bad boys, what you gonna do when they come for you?" as the song goes. Keep an eye on the cover short stop currently at 18150. Read "Ziban Must Die" for more chilling details as to where this madness is leading us to.
Important support level is now at 17515. Market has not been in such a narrow range in nearly 20 years.
Due to the extreme valuations and technical crosscurrents, we are recommending caution until the air is clear as to how Trump & Hillary nominations will influence the National polls. Market data shows the degree of option model prices distortions that makes it very difficult for traders to make a living.
$DJI is in nearly a year of declining tops in force since last December, stochastics weakening, support at 17678,16332,15200. On the medium range charts the markets are making new lower lows while tops are disguising the underlining downtrend.
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