It’s been busy; I am finally posting Friday’s blog.
“Never, never, never, believe any war will be smooth and easy, or that anyone who embarks on that strange voyage can measure the tides and hurricanes he will encounter. The Statesman who yields to war fever . . . is no longer the master of policy but the slave of unforeseeable and uncontrollable events.” - Winston Churchill.
“…On Dec. 1, from 8:17 p.m. until just before midnight, the president’s account posted nearly 160 times—more posts than on any other day in his second term. The bursts of social-media activity feature content from other accounts—including images, videos and text—that appeal to the president and his team…
…Natalie Harp, Trump’s executive assistant, plays an integral role in Trump’s Truth Social activity. She brings the president stacks of printed-out draft social-media posts for his approval. The proposed posts often recycle content from other accounts that Harp or advisers think would appeal to Trump, according to people familiar with the matter.
Harp then logs onto the president’s account—at times outside of normal work hours—and posts batches of Trump-approved messages…” Story at…
https://www.wsj.com/politics/trump-truth-social-late-night-posts-167cb47a
My cmt: Trump claims January 6 was orchestrated by Nancy Pelosi??!!!
- "Think of how stupid the average person is, and realize half of them are stupider than that."- George Carlin
- “When you want to help people, you tell them the truth. When you want to help yourself, you tell them what they want to hear.” -
“Why shouldn’t Democrats be confident of a big midterm sweep in November? … Near the top of the list is Rep. Alexandria Ocasio-Cortez … In a recent “It’s Open With Ilana Glazer” podcast, she revealed just how far she is from the mainstream. AOC blamed opposition to open borders on a “deep racism” and the “impulse . . . to feel like there is another class of people that is below you.” When Ms. Glazer suggested the death of AOC’s father from lung cancer was the fault of capitalism, Mr. Ocasio-Cortez agreed, calling our market system “barbarism.” … AOC isn’t the only Democrat whose utterances unsettle mainstream voters. The Democratic lineup this year is rife with kooks… That crucial part of the electorate could draw a simple, politically lethal conclusion: Too many Democrats are too radical for America.” - Karl Rove, Senior adviser and deputy chief of staff for President George W. Bush and author of “The Triumph of William McKinley” (Simon & Schuster, 2015).
“Manufacturing activity across New York State grew at its highest rate in more than four years in May, according to data from the region's Federal Reserve on Friday, with new orders and shipments surging over the month.” Story at…
https://www.sharecast.com/news/international-economic/empire-state-manufacturing-gauge-hits-four-year-high-but-price-pressures-rise--22498720.html
“US industrial production rose in April by the most in over a year, pointing to nascent momentum in the sector. The 0.7% increase in output at factories, mines and utilities followed a revised 0.3% drop in March…The report adds to evidence that the manufacturing sector is holding
https://www.staffingindustry.com/
-Friday the S&P 500 improved about 1.2% to 7409.
-VIX rose about 7% to 17.26.
-The yield on the 10-year Treasury rose to 4.597% (compared to about this time prior market day).
SPY – Added 12/1/2025.
NVDA – Added 12/1/2025 & 2/6/2026
“Despite all the bearish noise, Goldman Sachs isn’t backing down on Nvidia (NVDA) stock yet. After another stellar GTC showing, the bank reiterated its $250 price target and maintained a buy rating, underscoring confidence in the AI giant’s tremendous upside from current levels.” Story at…
Goldman Sachs sends blunt message on Nvidia stock after GTC
SSO – Sold 5/14/2026.
At the close today, of the 50-Indicators I track, 11 gave Bear-signs and 12 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 from +3 to +1 (1 more Bull indicator than Bear indicators), a NEUTRAL indication. I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread (purple on the chart above) that smooths daily fluctuations continued lower, a BEARISH sign that is more important than the daily numbers.
I am Neutral watching indicators and market action.
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
My basket of Market Internals remained SELL. (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 although I don’t trade as much as I used to. 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.
