Tag: TN

Short position closed at 24912, triggering cover short stop at 24500 with an indicated gain of 1900 DIA points upon closing the short position. Long DIA position was established at 24500 with a stop at 24600 was closed for a gain of 312 points. A new short position was re-established at 24550 with a cover short stop at 24600 for a loss of 50 points, later indexed down at closing to 24000 for a paper gain of 550 points. A market reversal triggered cover short position close at 24000 for a zero gain, new position long at 24,000, sell stop triggered at 24900 for a gain of 900 DIA points.

Short position at 24850 was covered for a gain of 50 DIA points, and new long position established at 24900, sell stop at 24950 for a loss of 150 DIA points.

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 Democrats screaming murder as a close look at the new FISA memos that are suggesting an incredible Constitutional crisis brewing, a crisis that may reach the very leaders of the “opposition party”. 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.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

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 348 to 25,310, DJ futures at +290

Gold down to 1330.3 and USD/CHF up to 0.9367 due to intervention crosscurrents. 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 24,950. 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 Disorder.