I wont leave you hanging. I think if Trump comes in he will...

I wont leave you hanging. I think if Trump comes in he will threaten Yellens stance on slowly raising rates. Its on record that he wants to raise rates much quicker. Thats the real issue here. She has a contract to go to 2018 but might stand down if Trump comes in.

The other issue isnt Clinto. It is Draghi tapering so it might be useful to keep your fingers on the pulse of the ECB. Right now theres talks of raising rates in the US and tapering of bond purchases in Europe. A perfect storm for bears. Plus our inflation wasnt low enough for another cut at 0.7 mom. Our inflation is quarterly so our cues will be the ecb and fomc until January. Thats fundamentally. Technically... this is my take on MQG.

A major uptrend was broken at $80.50 one day after announcing dividends which wasnt good for the longs. The next level of support will be tested at around the 75 or 76 level. We may see a rush to buy mqg cum dividend on Monday but psychologically speaking we saw the price disappoint the bulls after the market closed at the open after a huge promising jump, which isnt a good sign the market is confident of a bull run. We have a strong reversal signal with an inverse hammer
Confirming at close today, which is a strong reversal signal.

Come Tuesday we will see another 1.90 wiped off the price once it goes ex dividend. This is bad for me because my instruments dont have dividends attached and my stop goes lower.

Im in and Im short. Would you like to see a chart of mine? I dont want to give advice but I am happy to chat.