The US market has taken a breather yesterday, notwithstanding news very late in the New York trading session that a Special Counsel (Robert Mueller, ex-FBI Director) was being appointed to investigate Russia’s involvement in the election. It has not been another day of selling of US equities. Rather, the Dow has steadied, up 56 points after Wednesday’s 370 point rout. It’s been more a stop-gap session. US Treasury yields have changed little, 10s at 2.23%, up ½ a basis point. There has been earlier testimony from former FBI director James Comey circulating, Comey saying that he had not been pressured for political purposes to close an investigation. The implication then would be that President Trump is off the hook. Without pre-judging how the Special Counsel investigations might run or uncover, they have in the past run for up to years. Whitewater took several years to complete.

To mark my 1350th issue of Tradernoble Daily Commentary I am offering a special rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 138 points yesterday and is now ahead by 850 points for May, having made 1276 points in April, 1335 in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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