Market Report 10/26/15. All is quiet in the USA
As expected, the Unified Party USA and CFR devoted soldier John "I admire Obama" Boehner made sure that the House passed the debt limit with all the trimmings required before handing the job to yet another CFR type, Romney's favored boy Paul "I will chop off the SS check of my own grandma" Ryan. Therefore, all money are stashed surely in place and our thesis that a rally from the low on October 2 of 16300 will be the base for a gigantic rally to the 21,000+ level of the DJI remains in place, glorifying all the accomplishments of Obama,Buffett & Co in preparation of electing Hillary or Comrade "Spendie" Sanders as our new President. This of course implies that Trump, Carson and the RomRyns will be a shameful history by then, undermined daily by the GOP Establishment, and that we are facing a debt of 40 trillions of dollars and for sure devaluation of the currency in the future. Today the Dow Jones futures are at -7,sell trailing stop 17576,stochastic +96%,Resistance 17890, Support 16800, Gold/GC daily in a down trend, USD/CHF rally in extreme volatility,market near top. I would expect the market to trip the sell trailing stop of 17576 on a down gap,followed by a sell signal by the stochastic, then loiter down along to the Yellen's declining triangle until the "green on go" is given for the raid on the 21,000 level.........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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