Market Report 10/5/15 QE 4 coming.
Dow Jones futures -11, $DJI buy at 16350, trailing stop 16400,Resistance at 16800, 17622. $SP500 buy at 1900, Resistance 2000, not supported by weekly trend, still down. USD and /GC (gold) both in uptrend, a contradiction. Yellen has opened the money spigot again, no interest rate hikes, Trump and GOP probably are a goners, even though Yuan expected to drop another 10%, a contradiction that will raise interest rates regardless of Yellen's madness. All and all, a picture of a large group of people on drugs, disregarding all rules of economics and finance at the expense of the American people. Keep a tight trailing stop , ready to jump out of the window in a flash. Most of the advance in $DJI today due to short covering in AA,BA,CAT (who is projecting losses for years to come) and Mr. Buffett darling IBM.
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