Market Report 9/26/16, cover short trailing stop 18200, CG(6295),11/20/15
Market fell to 18094 level again led by GS, 20,000+ rally attempt is of, support 18,085,17,565, 16361,12128,resistance at 18,250. WE are short DIA at 18250 level, cover short stop 18200.
Trump is finished: Politico said so
We'll see on the debate tonight.
We'll see on the debate tonight.
Gold closed up at 1342.3 on weak dollar, 5 out of 9 stochastic up, the USD/CHF continued falling to 0.9689 with 6 out 9 stochastics up, a contradiction, due Yellen's intervention. The stocks fluctuated between 18250 and 18100 the whole day and closed down 166 points to 18094, futures are pointing up +4.
Important support level is now at 17515. Market has not been in such a narrow range in nearly 20 years.
Due to the extreme valuations and technical crosscurrents, we are recommending caution until the air is clear as to how Trump & Hillary nominations will influence the National polls. Market data shows the degree of option model prices distortions that makes it very difficult for traders to make a living.
$DJI is in nearly a year of declining tops in force since last December, stochastics weakening, support at 17678,16361,12128. On the medium range charts the markets are making new lower lows while tops are disguising the underlining downtrend, Yellen still printing money to support Hillary, but for how long is not clear.
Important support level is now at 17515. Market has not been in such a narrow range in nearly 20 years.
Due to the extreme valuations and technical crosscurrents, we are recommending caution until the air is clear as to how Trump & Hillary nominations will influence the National polls. Market data shows the degree of option model prices distortions that makes it very difficult for traders to make a living.
$DJI is in nearly a year of declining tops in force since last December, stochastics weakening, support at 17678,16361,12128. On the medium range charts the markets are making new lower lows while tops are disguising the underlining downtrend, Yellen still printing money to support Hillary, but for how long is not clear.
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