Market report 9/15/15; Grandma Jeb boiling bones, bones rattler bones
As expected, $DJI four day confirmed rally pressed against the resistance band of 17120,17710 to close at 16600, trailing stop at 16100, support at 16,000 and 15300.Futures are at +7 and stochastic is at -12, so churning is to take place until the GOP 2bd debate and Yellen's testimony is out. The Exchange insiders are pressuring the shorts to panic and cover, in which case the market would have formed a "V" bottom, and then charge ahead to the green pastures of the bright Obama/Buffett future.The way the tape goes, it seems that the Establishment is discounting a Trump failure from unforeseen event that would torpedo his campaign. Whether "My family loves open borders" Jeb Bush or "Look what I did to HP" Fiorina will come with a mortal blow or disclose information that will sink Trump is unclear, yet reports are coming indicating a blind fury and hatred by major banks and Wall Street firms toward him. Another possibility is that the market will use the Yellen's remarks to continue pressure on the bears. In any case, the Establishment wants the very profitable robbery of the "Internal Financing" scheme to continue and they will do anything to stop Trump or the American people to get their ends. Stay in a spread if you can, ready to change direction at any time. In a previous blog I said that Trump needs to be dressed in a submarine enclosed inside a Abrams tank. This is fast becoming the understatement of the century. 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 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 regulation before making investment decisions.
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