THE PURGE IS REAL – INSIDE THE GOP’S 2024 PLAYBOOK TO DISENFRANCHISE VOTERS (Alternet)
“On Monday, a new lawsuit was dropped on Republican Gov. Glenn Youngkin from the League of Women Voters in Virginia and immigrant-rights groups who accuse him and his attorney general, Jason Miyares, of running an illegal “Purge Program” ahead of November's elections...These last-minute efforts to kick people off state voter lists aren’t accidental. They’re part of former President Donald Trump’s strategy to recapture the White House. And it’s working, at least in some regions.” Story at...
The Purge is real: Inside the GOP's 2024 playbook to disenfranchise voters (msn.com)
My cmt: What crap! If there is Russian disinformation to divide the country, this is what it would look like. Here’s what Wikipedia says about Alternet: “There is consensus that AlterNet is generally unreliable. Editors consider AlterNet a partisan source, and its statements should be attributed.”
VIRGINIA GOVERNOR ISSUES STATEMENT:
“Governor Glenn Youngkin, after being notified this afternoon (Friday) that the Biden-Harris Department of Justice was filing a lawsuit against the Commonwealth of Virginia, released the following statement:
"With less than 30 days until the election, the Biden-Harris Department of Justice is filing an unprecedented lawsuit against me and the Commonwealth of Virginia, for appropriately enforcing a 2006 law signed by Democrat Tim Kaine that requires Virginia to remove noncitizens from the voter rolls - a process that starts with someone declaring themselves a non-citizen and then registering to vote. Virginians - and Americans - will see this for exactly what it is: a desperate attempt to attack the legitimacy of the elections in the Commonwealth, the very crucible of American Democracy. With the support of our Attorney General, we will defend these commonsense steps, that we are legally required to take, with every resource available to us. Virginia’s election will be secure and fair, and I will not stand idly by as this politically motivated action tries to interfere in our elections, period." Statement from the Governor’s Office at...
https://www.governor.virginia.gov/newsroom/news-releases/2024/october/name-1035132-en.html
Democrat Terry McCauliff lost the Virginia Gubernatorial election because during the September 2021 debate McCauliff said, “I don’t think parents should be telling schools what they should teach.” The Biden-Harris voter lawsuit ranks up there along with McCauliff’s blunder as a possible election game-changer. Harris has been leading in Virginia by as much as 11 points. Virginia has not voted Republican in a Presidential election for 20-years (George W. Bush). Perhaps the incompetent Democrats will change that.
“The Harris campaign rolled out its “Opportunity Agenda for Black Men,” which proposes to give one million $20,000 loans to black entrepreneurs and “others who have historically faced barriers to starting a new business or growing an existing business.” The policy is aligned with the Biden administration’s broad effort to prioritize or otherwise incorporate race into several major government programs and initiatives, such as its payments to black American farmers who faced discrimination before 2021 and its Justice40 agenda stipulating that 40% of the benefits of certain environmental spending and programs flow to “disadvantaged communities.”
Kamala Harris Appears To Propose New Race-Based Payments As Support From Black Men Lags (msn.com)
My cmt: I changed the headline for the above article. BTW. The Federal Government already has a program to do this referred to as “8A” (Section 8A under the Small Business Act).
From the Minority Business Development agency: “The 8(a) Business Development Program is a business assistance program for small disadvantaged businesses. The 8(a) Program offers a broad scope of assistance to firms that are owned and controlled at least 51% by socially and economically disadvantaged individuals.” I dealt with it regularly during my 35-year Government career. We paid more for 8A contracts because they were negotiated contracts rather than awarded to the lowest bidder.
-Monday the S&P 500 rose about 0.8% to 5860.
-VIX declined about 4% to 19.7.
-The yield on the 10-year Treasury rose slightly (compared to about this time, prior trading day) to 4.105%.
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, 9 gave Bear-signs and 15 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).
Overall, a Bull-Bear spread of +6 is slightly bullish. The 10-dMA of the 50-Indicator Spread (purple line in the chart above) is still sloping down. I need to see it break higher before I will commit more funds to the stock market.
I’m neutral at this point, but leaning bullish.
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
DOW STOCKS - TODAY’S MOMENTUM RANKING OF THE DOW 30 STOCKS (Ranked Daily)
For more details, see NTSM Page at…
https://navigatethestockmarket.blogspot.com/p/a-system-for-trading-dow-30-stocks-my_8.html
MONDAY MARKET INTERNALS (NYSE DATA)
