China and Russia are backing Iran.

If you believe anything this admin says on Iran and the Straight of Hormuz... then I have a bridge for sale.

If Hormuz hinges on enriched uranium, it's unlikely Iran gives that up.

So now the US is blocking the Strait of Hormuz... not Iran.

Stock market is showing a cup and handle formation, which could shoot to 7000... if and only if the ceasefire holds. The rally is getting ahead of reality, but you play where the ball lies.

I will repeat what I said 4 days ago. The Straight of Hormuz will be closed indefinitely... until Trump is removed or Iran gets its toll.

Doesn't a ceasefire require countries to stop firing missiles? #whatceasefire

What luggage do you recommend?

Trump and the administration are committing blatant war crimes in Iran. Not even hiding it anymore.

The Straight of Hormuz will be closed indefinitely. Inflation will continue to skyrocket. Take your profits. Ground invasion coming. 12 generals have already been fired for refusing the suicide op.

6100 for SP500 is the next major support.

These are straight up lies. No negotiations. No deals. No leverage to end. Iran won this war on day three when $4million interceptors x 5 couldn't intercept $40k drone bombs. Key to watch is if other countries start paying in yuan. We are at an inflection point.

Stock market jumping on fake plans for Iran. Iran dictates the terms, not Trump. There will be no "deal". It's a lie as thousands of ground troops are ready to invade for a suicide mission.

With thousands of suicide drones and cluster bombs... there's very little chance.

Another scapegoat

High Yield spreads are blowing out toward 470bps while the S&P sits 6% off its highs and has broken its 200-day moving average. Credit markets are screaming stress. Today's relief rally is noise, not a fix.

False. He put that threat on hold because Iran will nuke all the power and desalination plants in the middle east. Trump has zero leverage or any idea what he's doing.

The bounce today was predicted. But this will be short-lived. There is no off-ramp. Iran is dictating this war and when it ends, not Trump.

The US is at a critical tipping point. If the rest of the world decides to switch to the yuan to get shipments through in the next few weeks, the US dollar collapses. Countries dump US bonds, US experiences hyperinflation as it prints money. US dollar is no longer the world currency.

Just when you think he can't get more stupid, he proves you wrong.

SP500 below the 200MA for daily. It should bounce up Monday unless we get some more bad news over the weekend. It is oversold.

Iran war is a disaster. It would be wise to take some profits and get back in when we fall further.

Exclusive: Iran attack damage wipes out 17% of Qatar’s LNG capacity for three to five years, QatarEnergy CEO says Iran’s attacks ‌on Qatar have damaged facilities that produce 17% ​of the company’s ​liquefied natural gas export capacity ⁠and it will ​take three to five years ​to repair them, QatarEnergy CEO Saad ...

Oh man, the hit at Ras Laffan has taken almost 20% of output (i.e. roughly 3% of global LNG volumes) offline for *3-5 years*.

9 day MA is now resistance for the SP500.

All signs point to this war dragging on a while. No plan. No off-ramp. No thought behind it. Stockmarket on the down trend. MACD crossed below, RSI below 50... dip buyers will come in again until they don't. 6600 is the key support.

stock futures price is at the 200MA. Wow!

Brent Crude Oil $116.01 now

We hit the catalyst for the down trend. #Trump

the president has no idea what he has set in motion. none.

www.wsj.com/livecoverage...

There's not enough munitions or even raw earth materials to make it. If China delayed anything right now, US is in deep deep...hole.

Stock market has fallen to the 100 MA support. Lots of support here. But if it breaks, 6600. 3rd time touching the 100MA in Feb.