evening wrap

market vibes

April 9…)

“Countries are not flocking to China. They are flocking to America.” Scott Bessent

At 10:14 AM I saw this tweet on X.

At 1:19 PM a sequence of news items hit the wires.

After the close: *GOLDMAN SACHS RECINDS RECESSION CALL AFTER TRUMP TARIFF PAUSE

In the markets

S & Ps rallied 400 points in 15 minutes this afternoon,100 points in milliseconds and continued to rally without pause to the bell. I'm glad this wiggle worked today,not only because I bought it, but it was a live teachable example of a unique old school type development that is good information in all fractal samples at highs and lows. Now you have it. Like all powerful weapons use it with caution.

Once again: A primary low, followed by a reaction low, followed by a third low exceeding the reaction low but not the primary low. If prices trade above the reaction low, execute either immediately and set a stop (usually below the third low)… or if the form develops in low vol conditions, wait for the close. **It's not a formulaic approach**, but great for floor trading. From the desktop, it takes studious practice but still… good information.

The DOW rallied 3000 (chart below)… NDX +12%… boom.

Next in the wrap, crude in a vertcal short covering rip, gold up $100 and chill, platinum popped off the dead lows of an ancient range, bitcoin joined the party for once …and Trump set an artful trap the vibe… here we go!