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Short position at 24850 was covered for a gain of 50 DIA points, and new long position established at 24900, sell stop triggered at 25350 for a gain of 450 DIA points. Current position short at 25300, cover shortstop 24,700 was triggered for a gain of 600 DIA points, a closing position long 24750, sell stop triggered at 25100 for a gain of 350 DIA points.

New short position established at 25050 was covered at 24710 for a gain of 340 DIA points, and long position set at 24730 with sell stop at 24690 was closed for a loss of 40 DIA points.

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A new short position set at 24700 with a cover short stop at 23800 was closed for a gain of 900 DIA points after markets opened on a gap at 23800, and a new long position established at 23900 with a sell stop at 24050 for a gain of 150 points after China indicated a willingness to avoid a trade war with the US.

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 Stock market old timers have said that “you buy the rumor, and sell the news”, and that is exactly what is happening right now, with the news that President Trump is about to start a metal tariff war, slapping 25% surcharge on steel and 10% on aluminum. DIA resistance is in the 27,000 area, with supports at 24135, 21354 and 18900 level, US dollar in a downtrend, resistance at 1.003319 CHF, support at .92 and 0.9: Gold in an uptrend, watch break resistance of 1377 to be taken soon. The massive Fed balance sheet contraction will result in a $600 billion dollars being dumped on the credit markets each quarter, a leftover of the horrendous $4.3 trillion money printing of Obama’s septic tank that will surely exert a severe pressure on stocks and financial assets.

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We warned long ago that an organized attempt to remove President Trump from office is underway, and if this activity is not curtailed soon, the market will open on gap below 20,000 with next stop 17300 and 11800 support levels.

Stocks were  up 669  to 24203, DJ futures at +112

Gold up to 1357.3 and USD/CHF flat at 0.95 despite President Trump setting tariffs on Chinese products.Translation? As the dollar goes down, we have to wait and see if the new Fed Chair Jerome Powell will continue pressuring gold and the Eurasian block with it down below $1000/oz in an economic WW3. Watch sell stop at 24050. We have to wait and see if new Fed chair Powell will attempt to destroy Eurasian block by sending gold prices below 1000, despite the fact both Russia and China have been buying their whole gold production in local gold backed currency instead of money printing machines. In other words, US has lost controls of the precious metals complex, and with Trump’s infrastructure and tax cut campaign the National debt will soon be at, or over 30 trillion dollars, since D.C. swamp alligators have no intention dropping their pet projects. Read “Ziban Must Die” for more details on the coming collision of Trump’s administration with “Deep State” operators funded by the billionaires’ supporters of the New World.

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