“Trade what you see; not what you think.” – The Old Fool, Richard McCranie, trader extraordinaire.
Here in Virginia, we are deluged with political TV and radio ads. I am already tired of the lying politicians telling me how they will solve our problems. “I stood up to MAGA and protected abortion rights” says Jay Jones running for something here in Virginia. Give me a break. What do you believe in? What do you plan to do? “I’ll stop Trump” is not a purpose of Government nor is it within your power if you are elected to a position in the Commonwealth of Virginia. Jeepers! We’ve got 5 more months of this crap. – Meade Stith, NTSM.
“The Trump administration plans to reject U.S. ethane exports to China that are heavily relied upon for plastics manufacturing in an apparent escalation of the temporary trade war truce between the world’s biggest superpowers. The move may come in response to China placing restrictions on the exports of certain rare earth metals to the U.S. that are required for the tech and auto industries as the two countries continue to accuse each other of violating the trade truce." Story at...
As China restricts rare earths, Trump targets ethane in plastics manufacturing blow
“The S&P 500 is now only 3% from all-time highs. Just two months ago the masses were talking about a repeat of the COVID crash or 2008. Few wanted to listen to hugely bullish side of the ledger that I was selling. People laughed when I suggested new highs were coming in late Q4 or early 2026. My timing may be off, but no one can question my bullishness. All the geopolitical nonsense chatter clouded some investors’ thinking into selling assets into the abyss and being left in the fetal position. And while I still do not believe we are going to see a repeat of 2023 or 2024 with 20%+ returns, the rumors of economic collapse have been greatly exaggerated, yet again.” – Paul Schatz, President Heritage Capital. Commentary at...
https://investfortomorrow.com/blog/all-time-highs-already-semis-boosting-market/
“The U.S. economy has contracted over the past six weeks as hiring has slowed and consumers and businesses worried about tariff-related price increases, according to a Federal Reserve report Wednesday. In its periodic “Beige Book” summary of conditions, the central bank noted that ‘economic activity has declined slightly since the previous report’ released April 23.” Story at...
https://www.cnbc.com/2025/06/04/fed-beige-book-economic-report-cites-declining-growth-rising-prices-and-slow-hiring.html
“New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor Department said Thursday. That’s the most since early October. Analysts had forecast 237,000 new applications.” Story at...
https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-795ec07804ed3f35eb702af27c4983d0
“U.S. worker productivity dropped at a faster pace than initially thought in the first quarter, driving labor costs sharply higher at a time when businesses are already facing rising costs from tariffs on imported goods. Nonfarm productivity, which measures hourly output per worker, decreased at a 1.5% annualized rate last quarter...” Story at...
https://finance.yahoo.com/news/us-worker-productivity-slumps-first-130616090.html
-Thursday the S&P 500 declined about 0.5% to 5939.
-VIX rose about 5% to 18.46.
-The yield on the 10-year Treasury rose to 4.391% (compared to about this time prior market day).
SPY – added 6/5/2025
Today, of the 50-Indicators I track, 4 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.)
TODAY’S COMMENT
The daily, bull-bear spread of 50-indicators improved and remained a very Bullish +13 (13 more Bull indicators than Bear indicators). I consider +5 to -5 the neutral zone. The 10-dMA of the spread reversed higher – a bullish sign.
I am Bullish. Let’s see what indicators are telling us at the all-time high, assuming the S&P 500 get’s there.
TODAY’S RANKING OF 15 ETFs (Ranked Daily) ETF ranking follows:
*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.
