“I represent the base and when
I'm frustrated and upset over the direction of things, you better be clear, the
base is not happy...I campaigned for no more foreign wars. And now we are
supposedly on the verge of going to war with Iran. I don't think we should be
bombing foreign countries on behalf of other foreign countries especially when
they have their own nuclear weapons and massive military strength." –
Marjorie Taylor Green.
OMG! The base is abandoning Trump?
JOBS REPORT (CNN)
“America’s long-resilient job market continues to defy expectations — even in the wake of swirling uncertainty. The US economy added a surprisingly strong 177,000 jobs in April, a slight slowdown from March’s downwardly revised 185,000 gains...”
https://www.cnn.com/2025/05/02/economy/what-to-expect-from-fridays-jobs-report
MARKET REPORT / ANALYSIS
-Friday the S&P 500 rose about 1.5% to 5687.
-VIX slipped about 8% to 22.58.
-The yield on the 10-year Treasury rose to 4.306% (compared to about this time prior market day).
MY TRADING POSITIONS:
XLK-added 4/28
SPY-added 4/28
CURRENT SUMMARY OF
APPROXIMATELY 50 INDICATORS:
Today, of the 50-Indicators I track, 4 gave Bear-signs and 18 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.)
OMG! The base is abandoning Trump?
“America’s long-resilient job market continues to defy expectations — even in the wake of swirling uncertainty. The US economy added a surprisingly strong 177,000 jobs in April, a slight slowdown from March’s downwardly revised 185,000 gains...”
https://www.cnn.com/2025/05/02/economy/what-to-expect-from-fridays-jobs-report
-Friday the S&P 500 rose about 1.5% to 5687.
-VIX slipped about 8% to 22.58.
-The yield on the 10-year Treasury rose to 4.306% (compared to about this time prior market day).
XLK-added 4/28
SPY-added 4/28
Today, of the 50-Indicators I track, 4 gave Bear-signs and 18 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.)
TODAY’S COMMENT
The daily, bull-bear spread of 50-indicators improved to +14 (14 more Bull-indicators than Bear-indicators) a Bullish indication (I consider 5 neutral) - the 10-dMA of the spread continued higher – also a bullish sign. Indicators continue to improve and are now clearly to the bull side.
I am bullish, though slowing or retreat should be expected. I added XLK and SPY Monday and I remain about 50% in stocks, my conservative "Fully Invested" position.
