Wei Tu Close

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After Trump surrendered to the Chinese on Sunday, the markets soared to new highs for the year, and in some cases, the highest levels in human history. The Major Market Index, for instance, has never been higher. Broadly speaking, though, there were shooting stars everywhere, such as with the Dow Industrials:

slopechart INDU

As we survey the scene of the cash indexes following the capitulation to the Chinese, we can see that it would take an electron microscope to discern the spread between Monday’s high and the “failure” levels I’ve been watching so nervously.

slopechart COMP
Dow Jones Composite
slopechart COMPQ
NASDAQ Composite
slopechart RUT
Russell 2000
slopechart SPX
S&P 500, with 2816.94 still intact………barely