Swing Trades DAX/DOW/NQ/GOLD

Business News
Trump announces 35% tariffs on Canada starting Aug 1

NQ Long 1 lot
Closed +11p
CCI heavy oversold (OS)

You can't grab a falling knife, but you can pick it up when its on the floor.

Politics
Trump loses appeal of $5 million E. Jean Carroll sexual abuse, defamation verdict

Points

1. A federal appeals court in New York officially affirmed the jury verdict that found President Donald Trump liable for sexually abusing and defaming writer E. Jean Carroll.
2. The action by the 2nd Circuit U.S. Court of Appeals starts the clock for Trump to ask the Supreme Court to overturn the verdict and its order that he pay her $5 million in damages.

He is really pissed off!

The only thing you can do in this case is pissing off other countries (again).

Short 3347.8 5 lot
T1 +24/25p 4 lot
1 left/SL BE
Last lot closed +20p

Trump’s 200% tariff threat leaves pharma firms scrambling with scenario planning

 

1. U.S. President Donald Trump warned again this week that long-awaited industry-wide tariffs would be announced “very soon.”
2. That levy, he said, could be up to 200% and may hit in 12 to 18 months.
3. Even with a delay, such a rate will have a detrimental effect on drug prices and profit margins, analysts warn.

A 200% tariff would inflate production costs, compress profit margins, and risk supply chain disruptions, leading to drug shortages and higher prices for U.S. consumers.

That would be potentially disastrous for every person because we need those pharmaceuticals, and it takes those companies a long time to produce them here in the U.S.

Gold Long again
T1 +25p 2 lot
4 left
T2 +33p 2 lot
2 left/SL BE
T3 +55p 1 lot
1 left/SL BE/Closed +20p
Target 3375<>3380

ES closed +3.5p 1 lot

Still in 3 MES shorts 6295
T1 +8p 2 lot
1 left/SL BE
Last lot closed +5p

NQ short 2 lot
T1 +11p
1 left SL BE
Last lot closed +6p

MNQ still short 2 lot 22.915
T1 +38p 1 lot
1 Left/SL BE

Gold long again 3353.3 last lot

Target 3372<>75 zone

Politics
U.S. tariffs take center stage but China and the EU are quietly clashing

 

1. The trade relationship between China and the European Union is becoming increasingly fractured.
2. Trade tensions between the two have long been simmering, but now appear to be heating up.
3. There is little expectation for the relationship to improve

Looks more then half of the world is in a trade war now.

Gold closed at target 3372.5 last Month M VWAP close

Both NQ & ES oversold.

ES MINI T1 +5p 1 lot. 1 left SL BE
Last lot closed +5.5p

NQ MINI closed +46p

Woke up 1.5 Hr earlier cause of the Trump tariff news.
Was worth it.

Likely a very Vola week,

US CPI/PPI data/Bank earnings/Trump s idea of ruling the world.

DOW usually pulls back ahead of bank earnings. Today an extra reason to pull back.
Lets see ow it works out by the end of the week.

price of all 3 US markets between MA lines on the (right) Daily chart.
Chop / waiting zone. US data this week/Earnings/Trup tweets

Prices need to get above the M VWAP again for new buy options. DOW 44.750 SnP 6300 NQ 22.950
SnP & NQ are still close to their ATHs

(Swing) Short options:
DOW below 44K to 43.000<>42.750 MS1
SnP below 6250/40 to 6050<>6000 MS1 zone
NQ below 22.500/400 MPP to 22.000<>21.800

ES Mini Short 1 lot
ES closed +3.25p 1 lot

NQ Mini short 1 lot
NQ closed +12p 1 lot


MNQ short last 2 lot
T1 +19/20p 2 lot.
2 Left.
T2 +22p 1 lot.
1 Left. SL BE
Target 800>>780
Last MNQ closed +15p

Markets still inside their ETH OR. Need a BO to the South

MGC Long 3376 5 lot
T1 +48<>50p 4 lot.
1 left SL BE

What Trump’s 30% tariff threat means for the European Union

 

1. The U.S. and EU have the largest bilateral trade and investment relationship in the world, representing almost 30% of global trade in goods and services.
2. Last year alone, the value of EU-U.S. trade amounted to 1.68 trillion euros ($1.96 trillion).
3. That’s the equivalent of roughly 4.6 billion euros of trade per day.

“This 30% tariff rate comes as a surprise, as EU sources mentioned that negotiations had focused on a 10% tariff rate with some sectoral exemptions.
The outcome of EU-US negotiations should be known by the end of the month and there is room, in our view, for US tariffs to settle at a lower level than mentioned over the weekend.

EU official says bloc ‘very close to an agreement’ with U.S. on trade

When it comes to goods, in 2024 the EU exported around 530 billion euros’ ($618 billion) worth to the U.S. and imported 335 billion — giving it a surplus of nearly 200 billion euros. But as Brussels is quick to point out: the U.S. leads the way in services where it enjoys a surplus of 150 billion dollars.
All in all, that gives the EU a total trade surplus of just $50 billion.

Imposing 30 percent tariffs on EU exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic.

NQ T1 +142p 1 lot
1 left
Last closed +128p

ES T1 +30p 1 lot
1 Left
Last closed +28p

MNQ counter short 23.158 last 2 lots

NQ counter short 1 lot TPO GAP fill

New ATH NQ & SnP

NQ closed +13p
MNQ closed +32p last 2 lots

TPO GAPs almost filled

MNQ Long again 23.062 last lot
+60p locked in last lot