The NYSE is closed for MLK Day on Monday.
“Single-family housing starts, which account for the bulk of homebuilding, rose 3.3% to a seasonally adjusted annual rate of 1.050 million units last month, the highest level since February 2024... Permits for future construction of single-family housing increased 1.6% to a rate of 992,000 units in December.” Story at...
https://finance.yahoo.com/news/us-single-family-housing-starts-134252740.html
“US industrial production rose in December by more than forecast, helped by a pickup in factory output that indicates manufacturing is stabilizing after two years of weakness... The 0.9% increase in production at factories, mines and utilities was the largest since February and followed an upwardly revised 0.2% advance a month earlier,” Story at...
https://finance.yahoo.com/news/us-industrial-output-tops-forecasts-144523559.html
-Friday the S&P 500 rose about 1% to 5997.
-VIX declined about 4% to 15.97.
-The yield on the 10-year Treasury rose (compared to about this time, prior trading day) to 4.623%.
XLK – Holding since the October 2022 lows. Added more 9/20.
SPY – added 12/20. (IRA acct.)
QLD – added 12/20. (IRA acct.)
NVDA – added 1/6/2025
Today, of the 50-Indicators I track, 3 gave Bear-signs and 17 were Bullish. The rest are neutral. (It is normal to have a lot of neutral indicators since many of the indicators are top or bottom indicators that will signal only at extremes.)
The daily, bull-bear spread of +14 is Bullish. The 10-dMA of the spread is also moving higher, another bull-sign. Man, this market will go up for ever...
“One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?" Ok. Maybe not forever, but for now, markets and indicators look great.
I am bullish. “Looking good, Billy Ray! Feeling good, Louis!”
TODAY’S RANKING OF 15 ETFs (Ranked Daily) ETF ranking follows:
The top ranked ETF receives 100%. The rest are then ranked based on their momentum relative to the leading ETF.
*For additional background on the ETF ranking system see NTSM Page at…
http://navigatethestockmarket.blogspot.com/p/exchange-traded-funds-etf-ranking.html
The top ranked Stock receives 100%. The rest are then ranked based on their momentum relative to the leading Stock.
For more details, see NTSM Page at…
https://navigatethestockmarket.blogspot.com/p/a-system-for-trading-dow-30-stocks-my_8.html
I trade about 15-20% of the total portfolio using the momentum-based analysis I provide here. When I see bullish signs, I add a lot more stocks to the portfolio, usually by using an S&P 500 ETF as I did back in October 2022 and 2023.
