Market Report 10/23/15; All clear, GOP lost again.

Dow Jones futures +136, stochastic 87%, Market Resistance at 17800, Support 16800,sell trailing stop at 17465, the tape is running as if GOP threat of mass deportations and other Trump horrors is over. This is a contradiction, since reports indicate that hedge funds and Wall street houses have losses in trading and low fees income, and CAT and IBM have indicated lower earnings ahead. Hence the rally could be attributed to short covering up to here, and probably to a political move to prop the candidacy of Hillary or possibly Sanders.Gold /GC has a daily sell, while the monthly has the 1st buy in over sixty months. This indicates inflation expectations and higher interest rates ahead, exactly opposite to what the Federal Reserve is trying to make people believe.....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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