Market report 9/28/15

Dow Jones futures -21, sell signal at 16280, cover short trailing stop 16300, confirms SP500 sell,SP500 R2129, S 1881, DJI R16930, S 15300. Weakness in $SP500 broad market more pronounced than in the politically correct Industrial averages. Closing right at the 16001 critical level an indication that a lower opening on gap is in the cards intended to avoid a flurry of sell orders on the books. Whether Auntie Yellen may decide that it is to early to throw the towel and still support the secular is trend is unknown. If she intervenes as before, the result will be a Fed injection of few billions of WV $17 dollar bills and panic short covering by the bears, and then the old game of the declining triangle until a clean break out is realized. On other hand if the market continues to slide and penetrates the 3rd quartile of 15380,this will be an indication of fundamental change and possible a whiff of Trumponomics or alike. Gold (/GC) is in weekly and daily uptrend courtesy of the Shanghai gold exchange trading rule of accepting gold as a collateral instead of the US dollar.Translation? It means that while the US news sharks and other dishonest politicians were spitting at Trump & Co, US lost the full control over the precious metals markets and consequently over the dollar and US interest rates, a development whose significance seem to be out the public focus for the time being.Stand by and watch the trailing stop.