Market Report 8/31/15

Brand new monthly sell signals in $DJI and SP500, 1st in 9 months, $DJI Resistance at 16850, Support 15090, 11600; SP500 Resistance at 1980, Support 1830, 1620; all gold trends also in downtrends, Resistance 1050, Support 1050,820,649. Since markets are completely controlled by the Fed, don't be surprised to hear Fed Governor Fisher remarks igniting a counter rally when Chinese Xi comes to visit his dear friend Obama. After all, it will bad for both these big spenders to shook hands in a sign of endless money printing cooperation when markets in their countries are crashing miserably, dragging the whole world to the gutters. The VIX indicator has been flashing warning signals, an indication that professionals are hedging for a drop, should the $DJI and SP500 open on a gap below 15100 and 1830 respectively. Behind all this may the simple fact that the if markets break on the downside, the pirates and cut throats on Exchanges may be preparing for Trump presidency, and possible for a new chair of the Fed, a follower of Volker who was a tight money exponent, exactly opposite to Yellen. That is why GOP and the Dems are trying to get rid of Trump, because he will close the money printing faucet and raise interest rates, a policy that will lead to a long string of bankruptcies and hardship for weak borrowers.