“Trade what you see; not what you think.” – The Old Fool, Richard McCranie, trader extraordinaire.
“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.
THE SAVE ACT (WSJ-Excerpt)
“President Trump broke into prime-time TV on Thursday night to talk to the nation about election security, but it must have been a letdown for anybody expecting a thrilling plot twist in Mr. Trump’s long yarn about his 2020 defeat. Instead he made a sales pitch for a bill that can’t pass, using doubts it wouldn’t address…since Mr. Trump declassified the [intelligence] memo, we can quote the part he didn’t. “Vote tabulation systems would be difficult to manipulate on a wide enough scale to compromise election results,” it says. “The systems in each voting location are not connected to the Internet or to each other, and many methods for exploiting them rely on physical proximity.” Achieving it across many jurisdictions “would be difficult” and “audits and paper trails very likely would uncover such an effort.” …
…There are ways to improve voting integrity, but Mr. Tillis [Thom Tillis, Republican, North Carolina] is right that it’s reckless to sow generalized suspicion that American elections aren’t honest. In fact, the intel memo Mr. Trump declassified warned this is what a U.S. adversary might do. “Much of the voting public probably knows little about the process of administering US elections,” it says, “which could allow false narratives to gain traction.” – Editorial Board, WSJ. Commentary at…
https://www.wsj.com/opinion/donald-trump-save-america-act-elections-voting-7cc3fe5b
My cmt: Re: “Much of the voting public probably knows little about the process of administering US elections.” No kidding. I’ve discussed the 2020 Georgia election with Trump fans who think that all one needed to do was send in a couple hundred thousand absentee ballots to throw the election. When I explained that in 2020, Georgia mail-in votes were validated by matching signatures to the voter’s signature on file and that each ballot needed a corresponding voter registration, they were incredulous. The response? “So, you say.” No kidding.
…For a state-by-state summary of Trump’s 2020 stolen election lies see my blog from a few weeks ago at…
http://navigatethestockmarket.blogspot.com/2026/06/consumer-confidence-momentum-trading.html
“President Trump made his case for the SAVE America Act on Thursday, claiming the security of our elections is at stake. While I support the bill’s core tenets—ensuring that only American citizens vote and requiring identification when voting—I remain opposed to it. Why? Because it would have serious negative effects in Alaska, and the current text doesn’t allow for the time and resources needed for proper implementation.
As written, the SAVE America Act isn’t a simple fix to safeguard elections, as proponents claim. It would impose costly new barriers and prevent some, perhaps many, from voting, while also creating chaos before the November elections…I have expressed my concerns with the SAVE America Act for months. I filed several amendments when it came to the Senate floor. No effort has been made to correct its flaws.” - Lisa Murkowski, Senator (R), Alaska. Commentary at…
https://www.wsj.com/opinion/why-im-voting-against-the-save-america-act-139faa0b
“Chevron intends to sign preliminary deals Friday to invest in two Iraqi oil fields and will join a consortium of investors exploring the construction of a pipeline to connect Iraq’s oil patch with the Syrian coast. Iraq and other Middle East oil producers are scrambling for alternatives to the Strait of Hormuz…About 20% of the world’s oil transited the waterway before the Iran war began.” Story at…
https://www.wsj.com/world/middle-east/chevron-will-explore-creating-strait-of-hormuz-alternative-for-iraqi-oil-36308abf
-Monday the S&P 500 declined about 0.2% to 7443.
-VIX declined about 0.6% to 18.65. (The Options boys weren’t concerned.)
-The yield on the 10-year Treasury rose to 4.594% (compared to about this time prior market day).
QLD – Added 5/28/2026
“…the market appears to be pricing Nvidia as though its best growth opportunities are behind it. This is not the first time such a rerating has occurred with Nvidia. In earlier instances when Nvidia's forward P/E contracted amid consolidation or shifting sentiment, subsequent evidence of accelerating revenue and profitability triggered multiple expansions. This pattern is consistent: Once operational results confirm that the company's AI-driven growth is continuing, investors eventually reengage, and the valuation rerates higher… Patient investors who recognize that Nvidia's recent price action reflects investor caution rather than a fundamental deterioration of its thesis can position themselves to benefit from meaningful share price appreciation as the chip giant continues to execute.” – Motley Fool at…
Nvidia stock has only gained 5% so far in 2026. History is crystal clear on where the stock is headed next
At the close today, of the 50-Indicators I track, 15 gave Bear-signs and 7 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 +1 to -8 (8 more Bear indicators than Bull indicators), a BEARISH 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 down, a BEARISH sign.
I am neutral and leaning bearish. I’m still looking for a bounce, but I have been wrong before.
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
Google has replaced Verizon in the Dow 30. It will take a while for me to update the momentum chart.
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 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.
