Swing Trades DAX/DOW/NQ/GOLD

MNQ counter Long last 2 lots
T1 +11/14p 3 lot
2 left/SL BE
1 more lot closed +13p
1 left/SL BE
Last lot closed +32p just below 700

Target 700<>715

GAP up to 18.810<>930

MES & ES Long last 2 lots

ES closed +5.5p 1 lot

MES 2 lots left/SL BE
T2 +8p 1 lot
1 left
Last lot closed +9p at target zone

Target 5384 zone

GAP up to 5405<>5422

MNQ Short last 2 lots
T1 +14/15p 3 lot
2 left/SL BE zone
T2 +23p 1 lot
1 left/SL BE
Last closed BE

The Trump administration plans to use ongoing tariff negotiations to pressure U.S. trading partners to limit their dealings with China

The idea is to extract commitments from U.S. trading partners to isolate China’s economy in exchange for reductions in trade and tariff barriers imposed by the White House. U.S. officials plan to use negotiations with more than 70 nations to ask them to disallow China to ship goods through their countries, prevent Chinese firms from locating in their territories to avoid U.S. tariffs, and not absorb China’s cheap industrial goods into their economies.

The tactic is part of a larger strategy being pushed by Bessent to isolate the Chinese economy, which has gained traction among Trump officials recently.

It involves cutting China off from the U.S. economy with tariffs and potentially even cutting Chinese stocks out of U.S. exchanges. Bessent didn’t rule out the administration trying to delist Chinese stocks in a recent interview with Fox Business.

It looks US shoots itself in the foot.

Beijing is laying the foundation for a stronger Chinese currency, adding that China may have already begun operations to pare down its U.S. Treasury holdings.

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Chinese exports of a wide range of rare earth minerals and magnets, key to semiconductor and auto industries worldwide, have come to a screeching halt amid an escalating trade war with the US.

Shipments of the key minerals were suspended last week, increasing the risk of shortages for overseas companies in these industries.

China produces over 90 per cent of some of the world’s most critical rare earth minerals such as yttrium, dysprosium and terbium, and the new export restrictions sever their supply lines to users around the globe.

Rare earths are a group of 17 elements used across the defense, electric vehicle, energy and electronics industries. The United States has only one rare earths mine and most of its processed supply comes from China.

MNQ Short again
T1 +14/15p 3 lot
2 left
T2 +29/30p 1 lot
1 left/SL BE

Targets:
18.650/Wk -1.0%/Daily -2.0% zone
Next 18.500 MS1/Daily -2.5% zone

Add the -2.0%/-2.5% of todays drop to the 24% from ATH

China has reportedly halted new Boeing jet orders and suspended deliveries. This decision has been attributed to trade tensions and a push to support domestic aircraft manufacturers like Comac. Boeing still projects a need for nearly 9,000 planes in China over the next 20 years, but the current climate is uncertain.

Asia Economy
China’s first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries.

 

1. The first-quarter GDP topped Reuters poll expectations for a 5.1% growth year on year, building on a recovery that began in late 2024, thanks to a broad policy stimulus push.
2. Retail sales in March rose by 5.9% year on year, sharply beating analysts’ estimates for a 4.2% growth. Industrial output expanded by 7.7% from a year earlier, versus median estimates of 5.8%.
3. The urban unemployment rate slipped to 5.2% in March, following a two-year high of 5.4% in February.

Landed at -2.0% so far

Last MNQ lot closed +170/171p at MS1 zone

MES & MNQ Swing shorts last lots

MNQ Swing short closed just above 18.500 MS1
MES Swing short closed at 5345 Wk -1.0%

ES MINI 1 lot short 5372
Closed @ 5348 Wk -1.0%

MNQ below 500 maybe a light short re entry for 18.450 M VWAP
or a light short re entry at 18.580<>600 zone


Tech
Critical chip firm Dutch ASML posts lower-than-expected net bookings in first quarter

Nvidia to record $5.5 billion in charges due to U.S. export ban on its H20 chip for China
One analyst has said export restrictions would result in ceding the Chinese AI market to Huawei

He will face a brutal reality check pretty soon.

Pinocchio at it again. . The Pants on Fire list grows ever longer. What are the odds that DJT has never in his entire life actually been in a grocery store? Or filled up with gasoline himself?

Since your post, I always thought that Pinocchio was only known in Italy because Carlo Collodi pubblished his story in Firenze 1883.

Anyway Pinocchio seems so similar to the new king of the new golden age, even on his childish behaviour.......

Last 2 closed +23/24p

Likely a GAP close try Tdy. Up to 18.920
T1 +24/25p 4 lot
Last lot left for the GAP close? SL BE
Last lot closed BE

DOW & SnP closed their D GAPs already

They even use the same paint - dayglo orange

3th Short re entry MNQ.
Last lot for WPP/-4.0%

Counter Swing long? 5300? Reached. Closed to early.......
Last lot/SL BE
WPP was the rebound point/zone

Closed +22p.

Likely a visit at 5230 MS2 and 5200 BRN soon.

Counter Scalp long MNQ last lot
150 was/is the tipping point (so far)

Target 18.300 DS3 zone (250 RS)

Closed +102p last lot

Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

1. The number of canceled sailings of freight vessels out of China is picking up as ocean carriers attempt to manage a pullback in orders due to the trade war and tariffs.
2. A steep decline in containers being shipped to the U.S. will have a big impact on the supply chain, from port to trucking, rail and warehouse economics.

It will lead to decreased crane operations at the ports, lower fees that could be collected, and declines in container pick-ups and transports by trucks, rails, and to warehouses for storage.

The World Trade Organization warned on Wednesday thatthe outlook for global trade has “deteriorated sharply” in the wake of Trump’s tariffs plan.

MNQ Long 18.450 last lot
Closing the Yest TPO GAP to 500
T1 +15p 2 lot
T2 +22p 1 lot
Last lot closed at 494/Yesterdays TPO GAP closed