Market Report 10/27/15; Dogs crying at full moon
$DJI futures at +22, market resistance at 17600, support 16800, bounded above by declining trend high of 18381 in May, July and current high of 17650, slow stochastic at 92% decline support at 17044, sell trailing stop at 17601 breached by market close at 17581 for a gain of 1151 Dow points from the low of 16430. We still have to wait for technical indicators to flash an official "Sell" signal. Stand by. /GC Gold in a daily downtrend, support at 1141,resistance at 1408, USD/CHF rally has more to go, resistance at 1.000, support at 0.967. Charles Rangel, John Kasich and other Establishment lap dogs are wailing morbid cry about what will happen to the US if Trump or alike in elected.The question must be must paraphrased: What will happen to the US if he is not elected, given the current zero interest robbery and continuing printing money by Yellen.......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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