Market Report 9/25/15

Dow Jones futures +72, market bounced off the 20 day moving average and fell, Resistance at 16437, support 16089. The broad market SP500 flashed a daily sell, Resistance 2020, Support a 1909, 1854, weekly and monthly downtrends. Gold /GC in daily uptrend, Resistance 1200, Support 1080. It appears that the Insiders are still hopping to see Trump's head at the end of a pike on the city walls, yet nasty top formations are clearly visible on the charts, led by SP500. We know that Yellen is in a trap, unwilling to raise rates that will toss the economy and National debt service into a tail spin, and incapable of reducing rates below zero fearing a dollar selloff that may precipitate an explosion in near money like gold and silver. Hence the most likely path for the Fed is to do nothing and let the markets slide and find a new equilibrium point without shaking the boat too much. Translation: The rumors of the untimely demise of Chief "His supporters are racists" Trump may be premature, to say the list. While the politicians are throwing tomatoes at each other and deriding Trump for not defending Obama's proud Islamo-Christian past, the dangerous cross currents of the markets, just like oceans are adding all vectors in the same direction and will produce a shock wave that may decide the election well in advance, and the judgment will be brutal and very painful.....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.