Market Report 10/16/15/ Bears were wrong, dead wrong

Dow Jones futures +46, stochastic +99%, Close 17215, SellStop 17012,Resistance 17751, Support 16683, market near top supported by Yellen's intervention.The tape is behaving as if Trump does not exists, the Dem's victory is assured, US markets completely detached from the rest of the world. Gold in a retreat, yet a change of secular trend is in the cards due to the yuan devaluation and improved technicals, and should we get a monthly "buy",there will be a sharp stock market reaction, with or without Yellen's meddling. Stand by for more......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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