“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.
“GOP Rep. María Elvira Salazar has won re-election in her Miami-based congressional district, NBC News projects, after clashing with President Donald Trump over his immigration agenda.
Salazar drew national attention in September when she released an ad criticizing Trump’s aggressive deportation policy. She said that many Hispanics felt “betrayed” by the crackdown and that the administration’s tactics had “gone too far,” with many deportations targeting individuals without criminal records.” Story at…
GOP Rep. María Elvira Salazar wins re-election in Florida after clashing with Trump
“Scott Artman’s “More Education for Tax Preparers Is Welcome” (Letters, Nov. 7) illustrates how absurd our federal tax code has become. When preparing a tax return requires continuing education just to keep up with the rules, the problem isn’t a lack of education among tax preparers. It’s an unnecessarily complicated tax code that ordinary Americans can’t understand. We need simplification, not more regulation.” - Phil Winter. Letters at…
https://www.wsj.com/opinion/americas-complex-tax-code-80cf3e82?mod=letterstoeditor_article_pos13
“President Trump says the Iran war is “effectively over,” but has he told the Iranians? It doesn’t appear they’ve got the message. On Monday the U.S. evacuated several military aircraft from Mildenhall air base in the U.K., after an intelligence warning about a potential attack from Iranian agents… Iran clearly doesn’t believe it’s been defeated the way Mr. Trump says, and it doesn’t believe it will pay much of a price if its terrorism kills Americans in Europe. The U.K. hasn’t even mustered the resolve to expel Iran’s ambassador, and Foreign Secretary Ed Miliband recently met with his Iranian counterpart in a public diplomatic display. No wonder Iran thinks it can chase the U.S. out of Britain.” Opinion at…
https://www.wsj.com/opinion/u-k-mildenhall-air-base-u-s-iran-threat-9140d544?mod=opinion_lead_pos4
My cmt: It seems unlikely that this war is ending anytime soon. One wonders how much war-risk remains for the stock market.
-Wednesday the S&P 500 rose about 1.3% to 7619.
-VIX declined about 10% to 17.49.
-Bond markets were closed Wednesday for Veterans Day.
NVDA – Reduced position 10/7/2021
XLK – Added 6/5/2026.
At the close today, of the 50-Indicators I track, 13 gave Bear-signs and 11 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 from -3 to -2 (2 more Bear indicators than Bull 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 down, a BEARISH sign.
- 2.6% below its all-time high
- 0.7% below its 50-dMA
- A whisker below its 100-dMA
- 3.9% above its 200-dMA
I’ll remain NEUTRAL, but cautious.
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 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.
