“Trade what you see; not what you think.” – The Old Fool, Richard McCranie, trader extraordinaire.
I mentioned last week that many of Charlie Kirk’s comments have been taken out of context. Here are 2 examples:
(1)...“When Nancy Pelosi’s husband was attacked with a hammer, did Kirk encourage his audience to contribute to bail out [the] attacker?”
Yes, he did. In the Oct. 31, 2022, episode of his show (at around 53:00 in the video), Kirk said the attack on Paul Pelosi was “awful” and “not right,” but he said that someone should bail out the assailer, David DePape, because cashless bail policies in certain cities allowed other people to commit crimes and be released from custody pending trial.
“And why is he still in jail? Why has he not been bailed out?” Kirk asked. “By the way, if some amazing patriot out there in San Francisco or the Bay Area wants to really be a midterm hero, someone should go and bail this guy out. I bet his bail’s like 30[,000] or 40,000 bucks. Bail him out, and then go ask him some questions.”
“I’m not qualifying it. I think it’s awful. It’s not right,” Kirk said about the attack on Pelosi, who suffered a skull fracture after being hit in the head with a hammer. “But why is it that in Chicago you’re able to commit murder and be out the next day? Why is it that you’re able to trespass, second-degree murder, arson, threaten a public official, cashless bail. This happens all over San Francisco. But if you go after the Pelosis, oh, you’re [not] let out immediately. Got it...”
(2)... the author Stephen King, who had posted on X on Sept. 11 that Kirk had “advocated stoning gays to death,” retracted his claim and apologized. King said, “What [Kirk] actually demonstrated was how some people cherry-pick Biblical passages.” Story at...
Viral Claims About Charlie Kirk’s Words
My cmt: This Interesting read confirms that Kirk’s words and positions have been twisted in many cases. There were many examples.
“In Tioga County [Pennsylvania], where President Donald Trump won 75 percent of the vote in 2024, farmers are losing patience with the White House’s promise of a quick solution for farm workers...” Their urgent need is highlighted by stories like those of a multigenerational dairy farm that sold off all its dairy cows because the owner could not find workers and another where a farmer’s job listings have received no responses... Farmers in the rural region near the New York border say those stories are not unique. ‘The whole thing is screwed up,’ said John Painter, a three-time Trump voter who runs an organic dairy farm in Westfield. ‘We need people to do the jobs Americans are too spoiled to do.’... The U.S. agricultural workforce fell by 155,000—about 7 percent—between March and July, according to an analysis of Bureau of Labor Statistics data. That tracks with Pew Research Center data that shows total immigrant labor fell by 750,000 from January through July. The labor shortage piles onto an ongoing economic crisis for farmers exacerbated by dwindling exports.” Story at...
Pennsylvania Farmers Can’t Find Labor. Now, Why Is That?
“Investors are hoping a Federal Reserve interest-rate cut later this week could deliver a boost to U.S. markets and the economy. But they should be careful what they wish for, according to Doug Ramsey, chief investment officer at the Leuthold Group...
The biggest risk, in Ramsey’s view: A rate cut would do little to boost manufacturing activity or revive the housing market, which has been essentially frozen since shortly after the Fed started raising interest rates in 2022. Instead, yields on long-dated Treasury notes and bonds could climb in the aftermath as inflationary pressures reaccelerate. If this comes to pass, rate cuts would likely have the opposite of their intended effect.” Story at...
Investors eyeing a Fed rate cut this week: Beware the unintended fallout for U.S. markets and the economy
-Monday the S&P 500 rose about 0.5% to 6615.
-VIX rose about 6% to 15.69. (The Options players are expecting the Fed meeting to move the markets?)
-The yield on the 10-year Treasury declined to 4.037% (compared to about this time prior market day).
SPY – Added 8/26/2025
XLK – Added 8/26/2025
Today, of the 50-Indicators I track, 7 gave Bear-signs and 16 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 improved from +6 to +9 (9 more Bull indicators than Bear indicators) and is now giving a mildly Bullish indication. I consider +5 to -5 the neutral zone. The 10-dMA curve of the spread smooths daily fluctuations; it reversed higher – a bullish sign.
-Monday, Unchanged volume was high, a sign of confusion that some believe precedes a change in market direction. I’ve never included this in my indicators since it is wrong much more than right.
-Bollinger Bands are overbought but RSI is not, so this isn’t telling us much.
-The Buying-Pressure minus Selling Pressure indicator is not confirming the bullishness. The chart hasn’t changed much over the last several days. If anything, it is now trending down.
-The Utility/ S&P 500 spread is bearish since Utilities have been outperforming the S&P 500. When investors are nervous they tend to buy Utilities.
I am bullish until proven otherwise. We can re-evaluate when the S&P 500 reaches its upper trend line.
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
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)
50% invested in stocks is a normal, conservative position for a retiree. (75% is my max stock allocation when I am confident that markets will continue higher; 30% in stocks is my Bear market position.)
I trade about 15-20% of the total portfolio using the momentum-based analysis I provide here. 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.
