"We need to guard that spirit. We have to guard that spirit. Let it always inspire us. Let it always be the source of our optimism, which is that spirit that is uniquely American. Let that then inspire us by helping us to be inspired to solve the problems that so many face, including our small business owners.” – Kamala Harris, VP at the Economic Club of Pittsburg. (This was a prepared speech - disappointingly inarticulate.)
“Lyin’ Kamala, who is being exposed as a “dummy” every time she does a show, just stated to the degenerates on The View that she would have done nothing different than Crooked Joe Biden, the WORST PRESIDENT IN THE HISTORY OF THE UNITED STATES. The Lamestream Media doesn’t want to pick up the story, the dumb women on the show wish they never asked her the question that led to that Election Defying answer, but the Internet is going WILD. For starters, THE BORDER DISASTER, WITH MURDERERS AND EVERYONE ELSE BEING ALLOWED TO INVADE OUR COUNTRY, WORST INFLATION IN HISTORY, THE UKRAINE DISASTER, OCTOBER 7TH WITH ISRAEL, LOSS OF ENERGY INDEPENDENCE, THE AFGHANISTAN DEBACLE, LOSS OF RESPECT ALL OVER THE GLOBE, AND MUCH MORE! Her dumbest answer so far!” – Donald Trump posted on “X”.
“The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural deficits, surging interest payments, and the looming insolvency of critical trust fund programs.1 Our large and growing national debt threatens to slow economic growth, boost interest rates and payments, weaken national security, constrain policy choices, and increase the risk of an eventual fiscal crisis.
However, neither major candidate running in the 2024 presidential election has put forward a plan to address this rising debt burden. In fact, our comprehensive analysis of the candidates’ tax and spending plans finds that both Vice President Kamala Harris and former President Donald Trump would likely further increase deficits and debt above levels projected under current law.” Commentary at...
https://www.crfb.org/papers/fiscal-impact-harris-and-trump-campaign-plans
"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.8 million barrels from the previous week. At 422.7 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year.” Report at...
https://ir.eia.gov/wpsr/wpsrsummary.pdf
-Wednesday the S&P 500 rose about 0.7% to 5792, a new all-time high.
-VIX declined about 3% to 20.86.
-The yield on the 10-year Treasury rose (compared to about this time, prior trading day) to 4.073%.
XLK – Holding since the October 2022 lows. Added more 9/20.
UWM – added 7/15 & more 9/20.
QLD – added 7/24.
SSO – added 9/16.
SPY – added 9/19 & more 9/20
Today, of the 50-Indicators I track, 8 gave Bear-signs and 14 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, 50-Indicator spread (Bull Indicators minus Bear Indicators, red curve in the chart above) improved to +6 (6 more Bull indicators than Bear indicators).
The daily 50-Indicator Spread improved, but the 10-dMA (purple line in the chart above) is still sloping down. That’s a bearish sign, but it was very close to reversing higher. If it does reverse higher, I may be buying back into my leveraged positions Thursday.
I’m neutral at this point, but leaning bullish, still waiting to see what the indicators tell us.
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
For more details, see NTSM Page at…
https://navigatethestockmarket.blogspot.com/p/a-system-for-trading-dow-30-stocks-my_8.html
