Swing Trades DAX/DOW/NQ/GOLD

ES & MES short 5962.5

ES closed +4p

MES last 2 lot running/SL BE zone
T2 +6p 1 lot
1 left/SL BE

MNQ closed +28/29p. SnP closed +5.5p . Both closed at DPP zone.

Once below DPP/Wk VWAPs short again

Based on a poll of 4,500 exporters across several major economies, trade insurer Allianz Trade found that 95% of Chinese exporters surveyed are planning on, if not already, doubling down on exporting to markets outside the U.S. for their goods.

The U.S.-China “decoupling” remains a likely scenario over the medium term, the survey said, as Chinese exporters look to pivot away from the U.S. and American firms accelerate efforts to shift production out of China.

The U.S. trade-weighted tariff rate on Chinese goods remained at 39%, well above the 13% rate applied before the second Trump administration.

A sobering reality that global exports could see a loss of $305 billion this year on the back of the widespread trade conflict

Politics
In a tense meeting, Trump makes the South African president watch videos promoting baseless claims of ‘white genocide’

What started as a friendly first meeting between President Donald Trump and South African President Cyril Ramaphosa quickly devolved after a reporter asked Trump about the U.S. decision to admit white South Africans as refugees.
Trump baselessly claimed that there was a genocide against white people in South Africa, which Ramaphosa and other South Africans have vigorously denied.

Wednesday’s heated meeting marks the latest in a string of unusually tense Oval Office meetings with foreign leaders. It comes amid heightened tensions between the U.S. and South Africa over claims by Trump and Elon Musk about the country’s racial equity laws, which prompted the U.S. to recently admit white South African refugees — while barring refugees from other countries.

Musk, who was born in South Africa, has gone further, repeatedly claiming there is a genocide against white people in the country — comments that Trump eventually began echoing.

“We take from many, many locations, if we feel there’s persecution or genocide going on,” Trump said.
Why won't the Trump take a few million Palestinians in the US if he is so worried about genocide?

Possible targets on the charts

US tries to pass the Big Beautifull Spending Bill (Moron Maga Bill), which add $3 to $5 TRILLION to the already very high deficit.

Markets do not buy that apparently

It’s one bad headline after another coming from the White House these days. Just as the tariff-related turmoil rocking markets subsided — and only temporarily, since the clock is still ticking on the pause on “reciprocal tariffs” — fears of ballooning U.S. debt are sparking another broad sell-off in markets.

This time, investors are wary because President Donald Trump’s tax bill is projected to add $3 trillion to $5 trillion to the U.S. debt.

Under pressure from spiking Treasury yields — which mean elevated borrowing costs for companies and consumers — U.S. markets sold off Wednesday, a sharp reversal.

If U.S. President Donald Trump’s “big, beautiful” spending bill passes, there are concerns the U.S. deficit could widen even more and keep Treasury yields high.

MNQ Short 21.178 last lot
T1 +11/12p 3 lot.
1 Left/Closed BE

NQ made a double top (likely a SL squeeze) and plunged as a brick.

Still GAPs to close below in all markets

ES Mini +8p locked in
Closed +10p 1 lot

Almost 9 to 10 Million people will lose their health insurance.

At least $3 Trillion+ will be added to the US defecit coming years.
Every Minute $4 Million is added to the US debt.
One of the US biggest creditors walks away. China unloaded/liqudated $1.7 Trillion in treasuries recently.
Japan slashed its holding by $68 Billion
S Arabia reduced exposure by $45 Billion

Lowest income workers will lose +/- 3.8% of their income
Highest income workers can add +/- 3.7% to their income

The bill will saddle America with a higher fiscal deficit. Tax cuts mean lower revenue, while increased spending on defense means more money flows out of government coffers. It’s a matter of simple arithmetic: less income and more expenses.

Will be harder to finance US debt.

MES Short 5856.5 last 2 lot
T1 +5p 3 lot
2 left/SL BE zone
T2 +12p 1 lot
1 left/SL BE

Target 5795 TPO GAP zone

MYM Short 41.954 last 2 lot
T1 +48/50p 4 lot
2 left/SL BE

Target 41.500 old D GAP WS2 zone

ES Mini short 1 lot

Closed +6.5p/$325

YM Mini Short 41.915 last lot
T1 +30/31p 1 lot
1 left

Target 850 Reached
YM last lot closed +$300

DAX last lot from 24.067
Closed +96p at DR1/+0.5%

YM closed +$125

ES closed +$225

Not really moving (yet)

Scalping on the edge of a knife

MNQ Short

T2 +87p 1 lot 1 Left

YM Mini closed +63p
ES Mini closed +14.5p

Last MES short out of 4 lot
Last MES closed +15.5p

Target 5830

MNQ & MES last Swing shorts

Stock futures fall as Trump says Apple must pay tariff on iPhones

Dow futures tumble 500 points as Trump threatens new tariffs against the EU and Apple

DOW closed the old D GAP

SnP closed its old Wk TPO GAP


MNQ closed +280p at MR1/-1.5%

MES closed +70/71p

MNQ short again last lot for GAPs below/SL BE

Closed last lot +69/70p at WS1

1st Target 750 WS1/-2.0% Reached
2nd Target M VWAP 685
3th Target TPO GAP 700<>600

Apple shares shed 3% in premarket trading after Trump posted on Truth Social that iPhones sold in the U.S. must be made in the U.S. and if they are not “a tariff of at least 25% must be paid by Apple.” The move against Apple by Trump is the first against a specific company in his tariff rollout this year.

Separately, the president said the trade discussions with the EU “are going nowhere” and so he’s “recommending a straight 50% tariff on the European Union, starting on June 1, 2025.”