TONIGHT’S NOISE FROM CHINA

That was a crappy reversal today. Many blaming the news out of the Mueller investigation. But don’t fret it. We were waiting on the head of China’s speech tonight. Many believed he would make nice-nice on the “trade war” and walk things back. We have told all that at the end of the day, we thought cooler heads would prevail and there would be no war. Looks like China is playing nice-nice as they say they will open things up. The DOW went from up 440 to only up 40 but Dow futures are up 250…and it is early. The moves, the gaps, the reversals are assinine. Hopefully, those long term support levels hold and we can get out of here to the upside. More tomorrow.