I’ll be posting late for the next few days. It’s a busy time.
“The US sits on the biggest public debt pile in the world. Government liabilities amount to a bewildering $36.2 trillion, which is more than double what runner-up China owes. To highlight the scale, the interest payments exceed what America spends on both defense and Medicare.
With US national debt on an unsustainable path, efforts to cut government spending have been made, chiefly by Elon Musk's controversial DOGE, though the initiative hasn't saved all that much in real terms. And of course Musk and President Trump have fallen out spectacularly over the One Big Beautiful Bill Act, which will inflate the nation's debt, directly contradicting DOGE's goals.” From...
How Deep in Debt is America Compared to Other Countries?
My cmt: Maybe that’s why we have the following:
“Elon Musk has said that he’s formed a new political party, but it’s unclear what steps — if any — he’s taken to do so, or how the effort might affect upcoming elections... The possible new political party marks another development in the rift between Musk and President Donald Trump over the Republican’s sweeping tax cuts law, which the tech billionaire has called ‘insane.’” Story at...
https://www.pbs.org/newshour/politics/musk-says-hes-formed-the-america-party-heres-what-to-know
"The NFIB Small Business Optimism Index remained steady in June, edging down 0.2 of a point to 98.6, slightly above the 51-year average of 98... “Small business optimism remained steady in June while uncertainty fell,” said NFIB Chief Economist Bill Dunkelberg. “Taxes remain the top issue on Main Street, but many others are still concerned about labor quality and high labor costs.” Report at...
https://www.nfib.com/news/news/new-survey-small-business-optimism-remains-steady-in-june-5/
-Tuesday the S&P 500 declined about 0.1% to 6226.
-VIX declined about 6% to 16.81.
-The yield on the 10-year Treasury rose to 4.411% (compared to about this time prior market day).
SPY – added 6/5/2025 & 6/27/2025
XLK – added 6/27/2025
Today, of the 50-Indicators I track, 5 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.)
The daily, bull-bear spread of 50-indicators declined, but remained bullish at +13 (13 more Bull indicators than Bear indicators). I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread continued higher – a bullish sign.
I remain cautiously Bullish. “Cautiously,” because of tariffs and their impact on inflation.
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
My basket of Market Internals declined to HOLD. (My basket of Market Internals is a decent trend-following analysis that is most useful when it diverges from the Index.)
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.